Analysis
Regional startups raised a meagre $1 billion in private funding in Q1, the lowest quarterly haul in over five years.
Private Equity
DealStreetAsia had first written about its fundraising development in May 2023.
First Circle provides loans for SMEs.
Venture Capital
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Our reporters track deals with a focus on Private Equity, Venture Capital and M&As across Southeast Asia, India and China, and bring it to your inbox every day.
Singapore
Southeast Asia's startups saw an uptick in the number of funding rounds recorded in the first quarter of the year, but the total capital raised nosedived to the lowest level seen in over five years.
India
Fundraising by Indian startups fell 11% sequentially to $2.6 billion in Q1.
The PE firm aims to raise $520 million for the sixth fund by the end of 2024.
World
Nuveen seeks to raise at least $400m for the said fund.
Vietnam
Other participating investors included Touchstone Partners, East Ventures, and Saison Capital.
Rebright Partners, NB Ventures, ALES Global, Stride Ventures, and CAC Capital also participated in the fundraise.
Greater China
AIsphere is one of the Chinese challengers of OpenAI's text-to-video model Sora.
Ola is exiting the UK, Australia, and New Zealand.
Dutch development bank FMO has also proposed to invest $75 million in the NBFC.
Philippines
Vietnamese food chain Homefarm is backed by Alibaba’s eWTP Technology and Innovation Fund.
The financing was also backed by investors like Aanya Ventures, Subrata Mitra, and Radhika Pandit among others.
Current chief executive of Asia Chin Chou is leaving the firm.
Indonesia
Tea chain ChaPanda and Tianjin Construction Development had flopped earlier.
Rest of Asia
The social media company expects to win a legal challenge to block the ban.
Binance agreed to a $4.32-billion criminal penalty.
There has not been any formal request from Alipay to Bank Indonesia.
Malaysia
Fernandes said the company's board requested him to stay on.