India
Ola is exiting the UK, Australia, and New Zealand.
Octopus Energy's valuation rises to $9b after CPPIB, Generation Investment raise stake
PE firms weigh potential buyout of NY-based fitness company Peloton
CICC, Citic, JPMorgan slash investment banking jobs in China as deals stall
Former Dallas Fed chief Kaplan named Goldman Sachs vice chairman
India Digest: Parseable, Superplum, Cornext raise funding
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CVC-led group to buy 65% stake in Lippo-backed hospital chain Siloam for around $1.6b
Singapore’s EDBI in talks to invest in Indian startup unicorn Mohalla Tech
Sale process of Malaysia’s Island Hospital by PE firm Affinity draws investors
Jungle Ventures looking to dig into SE Asia’s F&B sector with Yay! Group investment
The LP View: Hamilton Lane sees LP-GP alignment as key concern amid rising infra fund mergers
Greater China
The Group has plans to seek regulatory approval in Europe, the Middle East, South America, and Africa.
Ola Electric has filed its draft red herring prospectus for an IPO to raise $660 million.
Indonesia
HSBC will back companies from its $1b ASEAN Growth Fund.
Sharechat’s valuation had reportedly shrunk to $1.5b in end-2023 from $5b in 2022.
The country added just two unicorns in 2023.
Perfios has a presence in India, Southeast Asia, the Middle East, and Africa.
Singapore
The startup will produce in Italy “chiplets”, which can be the size of a grain of sand.
The payments unicorn was last week reported to be under investigation by India’s ED.
Investors including Prosus, General Atlantic, Peak XV say they are “deeply concerned about the stability of the company”.