India
Ola is exiting the UK, Australia, and New Zealand.
Bitcoin has completed its halving, CoinGecko says
VinFast draws up grand plans, but can it make inroads in Indonesia?
China to facilitate Hong Kong IPOs and expand Stock Connect
Hong Kong watchdog to investigate PwC audit role in Evergrande
India: Climate-smart deeptech startup Ecozen raises $30m from Nuveen, others
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Indonesian poultry startup Pitik said to have laid off more than 50% staff
Hong Kong’s Jebsen Capital eyes more M&A opportunities in 2024 to drive inorganic growth
Affinity Equity Partners looks to take South Korea-listed Lock & Lock private
IDX-listed laboratory chain Diagnos to buy DNA testing company Asa Ren for $24m
PE veteran Bert Kwan’s new investment firm backs Vietnamese clinic chain Heli Care
Greater China
The Group has plans to seek regulatory approval in Europe, the Middle East, South America, and Africa.
Ola Electric has filed its draft red herring prospectus for an IPO to raise $660 million.
Indonesia
HSBC will back companies from its $1b ASEAN Growth Fund.
Sharechat’s valuation had reportedly shrunk to $1.5b in end-2023 from $5b in 2022.
The country added just two unicorns in 2023.
Perfios has a presence in India, Southeast Asia, the Middle East, and Africa.
Singapore
The startup will produce in Italy “chiplets”, which can be the size of a grain of sand.
The payments unicorn was last week reported to be under investigation by India’s ED.
Investors including Prosus, General Atlantic, Peak XV say they are “deeply concerned about the stability of the company”.