The Hibiscus Fund-backed firm plans to launch new products and double down on marketing.
Malaysian wealthtech firm Versa aims for profitability by 2027, says GTV to double every year
Asia PE-VC Summit 2023: The Middle East is in a position to spur investments in Asia
TikTok's rise in Southeast Asia spells trouble for US rival Snapchat
US readies rules to prevent China from cashing in on $52b chip funding
PE giant KKR asks Telecom Italia to extend deadline for grid bid
Hit by China-US tensions, GGV Capital to spin off Singapore-based Asia business
Singapore’s Growtheum Capital closes debut fund at $567m, a tad below target
Bold cash burn helps TikTok nearly triple 2022 revenue in Asia but losses widen
Malaysian pension fund KWAP launches $107m vehicle to invest in startups, VCs
Indonesian fintech startup Finantier said to have shut down
The spilt is expected to finalise by March 31, 2024.
The fund will allocate RM250 million, or 50% of the corpus, for direct investments into startups
Manipal Health reportedly bought the controlling stake for about $276.5 million
The Japanese fund has invested in 27 companies in the country so far.
If talks fructify, this would be Amazon’s second deal in the $26b+ Indian beauty and personal care market.
Sources indicated the company was struggling with cash management.
The Series A funding round was led by Peak XV Partners and Elevation Capital.
Shivam Autotech is the 16th investment by Modulus Alternatives.
London-based HSBC would also invest $100m in Breakthrough Energy Catalyst.