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Editor’s Take: The Week That Was—Apr 14-19

Analysis

15h ago

Editor’s Take: The Week That Was—Apr 14-19

This week we released our quarterly report on startup fundraising in SE Asia.

Earnings and R...

Stashfin's parent swings to profit in FY24 as interest income triples

Revenue for the group more than doubled to $100.3m from $42m in FY23.

Analysis

Funding crunch deepens as SE Asia VC activity hits multi-year lows in Q1 2025

Deal volume fell by 43% and deal value slumped 46% YoY.

Analysis

Indonesian startups Klinik Pintar, Lifepack grappling with layoffs amid financial duress

Policy & Regulations

Trump suggests tit-for-tat China tariffs may be near end; TikTok deal on ice

Private Equity

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KKR, Investcorp, others vie for Abu Dhabi-based PAL Cooling

Rest of Asia

14m ago

KKR, Investcorp, others vie for Abu Dhabi-based PAL Cooling

The district cooling business is owned by Multiply Group.

India

Warburg Pincus, ADIA to invest $877m in India's IDFC First Bank

The infusion will boost the bank’s capital adequacy ratio from 16.1% to 18.9%.

World

EQT's Asia flagship fund nears first close with over $10b in kitty

The fundraising is expected to be concluded this year.

Indonesia

Indonesian conglomerates said to be backing new PE fund

The fund, which is awaiting regulatory approval in Singapore, plans to launch after securing the licence.

India

PE investments in India outpace year-ago levels in early 2025

The $1.6b funding raised by snack maker Haldiram's was the top PE deal this year.

Singapore

PATRIZIA-Mitsui fund to invest in Singapore CaaS firm Kaer

PATRIZIA and Mitsui, through A-SIF, target up to $350 million in capital deployment.

Malaysia

Malaysia's PNB sees US, China assets as important part of portfolio

The Malaysian asset manager is focused on its investment diversification strategy.

Venture Capital

(View all)

Greater China

Zence Object Technology and 25 Greater China deals worth over $437m

The firm secured $2.5 million in a seed funding round from the AEF Greater Bay Area Fund in August 2023.

India

India Digest: Garuda Aerospace, Jewelbox, Ofbusiness raise funds

Garuda Aerospace has raised $11.6 million in its Series B funding round.

World

Asia Digest: A Cabin Company bags funding; IQ-EQ buys AMAL Group

Seveno Capital has led A Cabin Company's pre-seed funding round.

Singapore

SG Digest: DutyCast raises funds; Vin’s Holdings debuts on SGX Catalist

GTR Ventures led DutyCast’s latest funding.

Rest of Asia

S Korean AI startup RLWRLD raises $15m to build smarter robots

The round, led by Hashed, was joined by Mirae Asset Venture Investment and Global Brain.

New Research Reports

(View all)

Southeast Asia Deal Review: Q1 2025

Deal volume fell by 43% and deal value slumped 46% YoY.

View Latest Report Read Summary

Southeast Asia Deal Review: Q1 2025

Deal volume fell by 43% and deal value slumped 46% YoY.

View Report Read Summary

SE Asia Private Equity Funds: H2 2024 Review

Only four SE Asia-focused PE funds secured final closes in 2024.

View Report Read Summary

Women Founders in SE Asia: 2024 Funding Review

Female-led startups made up just 5.2% of the deal volume in SE Asia in 2024.

View Report Read Summary

Female Founders in India 2024

Funds raised by female (co-)founded startups rose 30% YoY in 2024.

View Report Read Summary

DATA VANTAGE Newsletters

(View all)

India

Data Vantage: OnlinePajak, The Parentinc, and Populix in focus

OnlinePajak has secured $2.8m through a new allotment of preference shares to existing investors.

Indonesia

Data Vantage: Biobot Surgical, EnableX, and LeadSquared in focus

Biobot has raised $8.5m through a new allotment of preference shares to existing investors.

Indonesia

Data Vantage: Tariff impact on logistics, debut fund rebound, and other updates

Trump tariffs will introduce a fresh layer of complexity to Southeast Asia's logistics landscape.

Indonesia

Data Vantage: The Philippine model, new PE funds, and other updates

The model favours capital efficiency, platform integration, and operational alignment.

Deals

(View all)

India

Independent directors quit India's Gensol after probe into co-founders

India

India's Adani Ports buys Australian terminal Abbot Point in $2.5b deal

Indonesia

XL Axiata, Smartfren complete merger to form XLSMART

World

OpenAI's $500b Stargate venture mulls future UK investment

Greater China

Tencent, Douyin to help Chinese exporters pivot to domestic market

Analysis

(View all)

Bankers get creative to sign M&A deals in Trump's trade war

Indonesia

37m ago

Bankers get creative to sign M&A deals in Trump's trade war

M&A volume during the first half of April slid 29%, after rising 12.6% in Q1.

Greater China

15h ago

Editor’s Take: The Week That Was—Apr 14-19

This week we released our quarterly report on startup fundraising in SE Asia.

Singapore

Beyond The Buyout: Fund giants flag near-term deceleration

The infrastructure sector could be a standout segment in the wake of the tariff turbulence.

The LP View

(View all)

Malaysia

Malaysia's Employees Provident Fund seeks more diverse exposure

Malaysia

Whatever creative structure is used, value creation must prevail: Gaia Investment Partners

Singapore

The LP View: BII to add private credit in Asia as it rebalances portfolio

Singapore

Private equity merger signals watershed moment in SE Asia

Rest of Asia

Dealmaking has become rational as LPs consolidate relationships: Brookfield PE chief

Earnings & Results

(View all)

India

Stashfin's parent swings to profit in FY24 as interest income triples

Revenue for the group more than doubled to $100.3m from $42m in FY23.

World

Blackstone's Q1 profit beats on robust private equity, credit performance

Blackstone's AUM grew 10% to $1.17 trillion.

Singapore

Blackstone raises over $4.4b in first close of new Asia fund

The firm is targeting “a substantially larger size than the prior $6b vintage”.

Greater China

TSMC beats estimates with 42% Q1 revenue jump on AI boom

TSMC will report full first-quarter earnings on April 17, including an outlook for the current quarter and full year.

Rest of Asia

Japan's Seven & i set to book 24% fall in Q4 profit, adding to takeover pressure

It is likely to book operating profit of 94.45 billion yen ($639.52 million) for December-February.

People

(View all)

India

India's IndusInd Bank names Santosh Kumar deputy CFO

The lender is under central bank scrutiny for accounting lapses.

India

Paytm founder foregoes 21m employee stock options after regulatory scrutiny

Per Indian rules, large shareholders with the ability to influence company decisions cannot hold ESOPs.

Singapore

People Digest: Moglix appoints new CFO; SG's Finmo names CMO

Moglix has appointed Sanjeev Arora as CFO as it prepares for an IPO.

Interviews

(View all)

Singapore

Morrison bullish on Asia's low-risk, high-return infrastructure sector

India

Investcorp's $5b India strategy slows down as market reality hits home

India

Female founders often face additional layers of judgement: Innoviti co-founder

India

Omnivore eyes more Eruvaka-like successes in aquaculture sector

India

Editor’s Take: The Week That Was—Apr 14-19

Stashfin's parent swings to profit in FY24 as interest income triples

Funding crunch deepens as SE Asia VC activity hits multi-year lows in Q1 2025

Beyond The Buyout: Fund giants flag near-term deceleration

Shein, Temu to raise prices as Trump cracks down on cheap imports

Vietnam's Highlands Coffee revives IPO plan amid hot demand

Indonesian startups Klinik Pintar, Lifepack grappling with layoffs amid financial duress

Trump suggests tit-for-tat China tariffs may be near end; TikTok deal on ice

Partner Content

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Private Equity

KKR, Investcorp, others vie for Abu Dhabi-based PAL Cooling

Warburg Pincus, ADIA to invest $877m in India's IDFC First Bank

EQT's Asia flagship fund nears first close with over $10b in kitty

Indonesian conglomerates said to be backing new PE fund

PE investments in India outpace year-ago levels in early 2025

PATRIZIA-Mitsui fund to invest in Singapore CaaS firm Kaer

Malaysia's PNB sees US, China assets as important part of portfolio

Venture Capital

Zence Object Technology and 25 Greater China deals worth over $437m

India Digest: Garuda Aerospace, Jewelbox, Ofbusiness raise funds

Asia Digest: A Cabin Company bags funding; IQ-EQ buys AMAL Group

SG Digest: DutyCast raises funds; Vin’s Holdings debuts on SGX Catalist

S Korean AI startup RLWRLD raises $15m to build smarter robots

New Research Reports

Southeast Asia Deal Review: Q1 2025

Southeast Asia Deal Review: Q1 2025

SE Asia Private Equity Funds: H2 2024 Review

Women Founders in SE Asia: 2024 Funding Review

Female Founders in India 2024

DATA VANTAGE Newsletters

Data Vantage: OnlinePajak, The Parentinc, and Populix in focus

Data Vantage: Biobot Surgical, EnableX, and LeadSquared in focus

Data Vantage: Tariff impact on logistics, debut fund rebound, and other updates

Data Vantage: The Philippine model, new PE funds, and other updates

Deals

Independent directors quit India's Gensol after probe into co-founders

India's Adani Ports buys Australian terminal Abbot Point in $2.5b deal

XL Axiata, Smartfren complete merger to form XLSMART

OpenAI's $500b Stargate venture mulls future UK investment

Tencent, Douyin to help Chinese exporters pivot to domestic market

Analysis

Bankers get creative to sign M&A deals in Trump's trade war

Editor’s Take: The Week That Was—Apr 14-19

Beyond The Buyout: Fund giants flag near-term deceleration

The LP View

Malaysia's Employees Provident Fund seeks more diverse exposure

Whatever creative structure is used, value creation must prevail: Gaia Investment Partners

The LP View: BII to add private credit in Asia as it rebalances portfolio

Private equity merger signals watershed moment in SE Asia

Dealmaking has become rational as LPs consolidate relationships: Brookfield PE chief

Earnings & Results

Stashfin's parent swings to profit in FY24 as interest income triples

Blackstone's Q1 profit beats on robust private equity, credit performance

Blackstone raises over $4.4b in first close of new Asia fund

TSMC beats estimates with 42% Q1 revenue jump on AI boom

Japan's Seven & i set to book 24% fall in Q4 profit, adding to takeover pressure

People

India's IndusInd Bank names Santosh Kumar deputy CFO

Paytm founder foregoes 21m employee stock options after regulatory scrutiny

People Digest: Moglix appoints new CFO; SG's Finmo names CMO

Interviews

Morrison bullish on Asia's low-risk, high-return infrastructure sector

Investcorp's $5b India strategy slows down as market reality hits home

Female founders often face additional layers of judgement: Innoviti co-founder

Omnivore eyes more Eruvaka-like successes in aquaculture sector

It’s normal to feel like giving up, just keep learning and adapting: Boon founder