IPOs & Markets
Novelis said in late February that it had confidentially filed paperwork for a US IPO
Indonesia's OJK revokes TaniFund's P2P lending licence
India's Hindalco considering seeking $1.2b in IPO of its US unit Novelis
Shell to sell Singapore refinery, petchem assets to Indonesia's Chandra Asri and Glencore
SG data platform Atlan secures $105m Series C funding led by GIC, Meritech Capital
SEA Digest: VinFast to enter PH; Thai Syn Pitarn nabs funds; Earth VC backs HyLight
More Stories
CVC-led group to buy 65% stake in Lippo-backed hospital chain Siloam for around $1.6b
Malaysia-based PE firm Navis likely to lead funding in CarDekho’s SE Asian entity
Japan’s Reazon Capital eyes 8 SE Asia investments this year
Sale process of Malaysia’s Island Hospital by PE firm Affinity draws investors
Indonesian startups Tjufoo, Sinbad announce merger, creation of new holding entity
Analysis
“Assets built with strong unit economics and large market potential will get backing,” says Omnivore partner Subhadeep Sanyal.
Venture Capital
Other investors in Superplum include Mark Siegel, Dan Rose, Steve Jurvetson, and Binny Bansal, among others.
Private Equity
Launched late last year, the fund garnered capital commitments of over $39m in the first close.
PE investments in India touched a six-year low at $24b in the financial year ended March 2024.
Banks have stopped lending to IIFL Finance’s gold and other businesses.
NephroPlus operates dialysis centres mainly in India, the Philippines and Uzbekistan.
Deals
The transaction could be valued at as much as $1b, Bloomberg reported.
Another investor from Singapore is also in the fray to back the startup’s over $60m round.
Nearly 44 of the 183 companies that listed since 2021 are trading below their offer price.