Malaysia
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
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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
Indonesia
Kelvin Tan, the former MD and global head of SC nexus, will lead audax as its CEO.
Greater China
Quant funds in China exceeded $148b at the end of 2021, nearly doubling in size from a year earlier.
India
Currently, SEBI considers related parties as part of a corporate group
The PE firm plans to build a portfolio of about 12-15 companies.
Manipal Health reportedly bought the controlling stake for about $276.5 million
Ola Electric was valued at $5.4b in a recent fundraising.
London-based HSBC would also invest $100m in Breakthrough Energy Catalyst.
The funding will be used for providing long-tenure housing finance to the economically weaker sections.
Torrent and Blackstone both have submitted non-binding bids for Cipla, sources say.
