Analysis
Company expects fintech segment to reach positive adjusted EBITDA in Q4 2024.
Venture Capital
Deal volume, which has been falling since mid-2023, dropping 5.9% in the quarter.
Deals
Campana Group issued shares worth $16.6 million last week to existing shareholders.
1
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2
EQT buys PageUp, leads $31M Series C in AI infra platform Neara in Australia
3
India's HDB Financial files for $1.5b IPO
4
Data Vantage: Campana, Coolmate, Singrow and CarbonEthics in focus
5
Announcing Northstar Group Founder & GoTo CEO Patrick Walujo as Keynote Speaker
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Philippines
Creador has previously backed PH firms such as Asialink Finance, DALI Stores, Angkas, CIBI, and UNOAsia.
World
Partners Group, Square Peg Capital and others also invested in Neara.
Rest of Asia
At least half of the capital is to be invested in Saudi Arabia and in companies looking to expand in the kingdom.
The partnership allows Seviora to extend its footprint into the Middle East and other regions.
School Employees Retirement System of Ohio committed $100m.
Adams Street had closed the 2023 Global Fund Program at $820m.
Bain Capital separately secured a 1.41% stake in the company.
Greater China
Malaysia
It has partnered with Singapore's Ascent and CCV of Indonesia.
Vietnam
The investment will accelerate Coolmate's international expansion.
India
Existing investor Elevation Capital joined the round.
This investment aligns with Khazanah's Dana Impak initiative.
Startups headquartered in mainland China, Hong Kong, Taiwan, and Macau raised $12.69 billion in Q3.
Indian startups raised $4.3 billion from private investors in the third quarter of 2024, marking a 17% decline from the previous quarter.
Startup funding in SE Asia markedly declined in the third quarter of this year, hitting its lowest point in at least six years.
IPO fundraising halved in SE Asia in Q1-Q3 2024.
Indonesia
Marketnode received capital from Euroclear last week.
Waste management firm Ideation3x has issued fresh shares to Unison Capital and others.
Indian edtech unicorn Eruditus has bagged capital from investors, including TPG.
The company is opening bigger warehouses and reducing delivery times.
The sector has become too hot, too fast for Reliance to ignore.
Singapore
The Ecommerce enabler restated its profit of $3.4m for 2022, to a loss of $16.2m.
The company will focus on Mitra Bukalapak, gaming, investment, and certain retail services.
BYD smashed monthly sales record in Sept.
The company expects the fintech segment to achieve positive adjusted EBITDA next quarter.
The bank's net NPL fell to 0% as it disbursed loans more cautiously.
He will be joining as CEO of GFTN, a finance and tech network launched by MAS.
Third on the list was Tencent founder Pony Ma, while PDD Holdings's Colin Huang slipped to fourth place.
Hussain will work with Michael Lints, who leads Golden Gate's expansion in the MENA region.
