Deals
Here are the most significant private equity, venture capital and startup developments from the week that went by.
PhonePe, Google Pay to benefit as India may delay market share cap on UPI payments
Sony, others eye Japanese online comic store Infocom in $1.3b deal: report
Chinese telehealth firm TaiDoc Health snaps over $127m from investors
Hong Kong’s i2Cool bags nearly $13m in Series A funding round
US-based Zenas BioPharma closes upsized Series C round at $200m
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
IPO-bound SG biotech startup Mirxes losses widen in 2023 despite revenue jump
Analysis
“Decision was made due to deteriorating macroeconomics in Myanmar.”
Myanmar-based Rent 2 Own issued new shares to PE firm Delta Capital Myanmar and others this week.
Policy & Regulations
The two neighbours will work towards enhancing the cross-border flows of goods and people.
The Adani Group company announced the sale in May 2022 after a military coup in Myanmar
The deal will pave the way for Chevron’s exit from the Asian country.
Following a military coup in Myanmar in 2021, Telenor announced the sale of its business.
Puma’s interest in Myanmar includes the a fuel import terminal at Thilawa and aviation fuel supplies.
The transaction is subject to customary closing conditions, including Myanmar regulatory approvals.
Myanmar
Norway’s Telenor withdrew from the country in March this year in a departure mired in difficulty.