Deals
Green GSM is expanding its all-electric ride-hailing business in the Philippines.
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India: Kotak Alts completes $1b final close for 14th real estate fund
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India: Sportswear startup Agilitas raises funding from Nexus, Rainmatter
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Carlyle's Europe, Asia funds to exit Germany's Flender in deal with Triton Partners
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ID Digest: Fitch, S&P rate Danantara bond programme; Alpha JWC seeks $300m for new fund
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Singapore's Handshake Finance bags pre-seed funding and other SE Asia deals
More Stories
Indonesia’s FLOQ raises $11m funding round amid crypto boom
Hunter Point Capital eyes China’s billion-dollar GPs as Asia push gathers pace
Garena’s latest deals show its comeback has an AI angle
Japan’s MUFG set to launch India-focused fund with $250m corpus: Report
Investors spooked by legal risks in Indonesia, warns Makarim in graft defence plea
Analysis
Southeast Asia is increasingly becoming a proving ground for stablecoin-based payments.
First Circle said the facility would strengthen its funding base.
The fund is a blended finance vehicle with a target size of $750 million.
Earnings and Results
TPG-backed Billease is now entering its third consecutive year of profitability.
Orders fulfilled through quick commerce networks made up 3.4% of SE Asia’s e-commerce GMV last year.
High lending rates and systemic challenges act as brake on profitability.
There were no megadeals in the month.
The credit line to Petron Corporation will be priced at prevailing interest rates.
IPOs & Markets
In Feb, regulators lowered the minimum IPO public float for large issuers to 15% from 20%.
