Deals
The acquisition of a 15% stake in BSI from BRI is one of the options for ADIB.
Higher EV deliveries drive VinFast's revenues higher in Q1, but losses widen
Indian govt-backed NIIF eyes $1b for second private markets fund: Report
BII, NDF commit nearly $30m to BlueOrchard's second climate insurance PE fund
Abu Dhabi Islamic Bank in talks to buy $1.1b stake in Indonesian lender BSI: report
Vietnam Digest: Masan said to weigh consumer unit IPO; Beacon Fund backs Lotus Group
More Stories
Chip Eng Seng-linked Invictus sale talks stall as potential PE buyers weigh core terms
Indonesia’s Jago Coffee brews big expansion plans after pocketing fresh funding
HSBC lays off at least a dozen Asia dealmakers amid weaker activities
DEG commits to invest $15m in Wavemaker’s fifth SE Asia fund
Indonesian logistics firm Waresix’s revenue tripled but losses surged 2.6x in 2022
Analysis
Since 2018, Apple has been setting up app developer academies in Indonesia.
Earnings and Results
Waresix generates revenue from services and freight forwarding as well as warehouse rental income.
Carousell acquired Laku6 in July 2022.
Venture Capital
The firm has raised $6m in Series A funding led by existing investors Intudo Ventures and BEENEXT Accelerate.
Indonesian earned wage access startup wagely witnessed a slew of secondary transactions last week.
A quick recap of all that happened in the PE-VC world in the week gone by.
Private Equity
The two are learnt to have finalised a co-investment to acquire Falcon’s stake.
The group’s net loss widened to $26.2m in 2022 from just $3.82m a year earlier.
Biotech startup Peptobiotics has issued new shares to investors, including Hatch Blue, Entrepreneur First and SEEDS Capital.