Singapore
Garena’s latest AI-linked bets follow a lull after its investment spree around 2021 to 2022.
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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
4
ID Digest: Fitch, S&P rate Danantara bond programme; Alpha JWC seeks $300m for new fund
5
Singapore's Handshake Finance bags pre-seed funding and other SE Asia deals
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Indonesia’s FLOQ raises $11m funding round amid crypto boom
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Garena’s latest deals show its comeback has an AI angle
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Apollo funds sell Japan’s Altemira to MBK Partners
India
The development comes ahead of the company’s merger with upGrad.
Rapido has been valued at $3 billion on a post-money basis.
Greater China
Revenue was buoyed by government subsidies for electronic goods.
Indonesia
Currently, commission taken from drivers for each trip is capped at 20%.
Amid the cheers, the durability of GoTo’s profitability remains the key question.
The round was co-led by Susquehanna VC, Mirae, and BII.
Zomato parent posted a consolidated net profit of $18.4 million for March quarter.
In the archipelago, online grocery adoption is driven less by speed and more by convenience.
The companies fined include Pinduoduo, Meituan, and JD.com.
