DealStreetAsia - Asia-focused financial news and intelligence platform

10h ago

Foundation PE, Quadria GP back Indian home healthcare provider HCAH

The acquired stake was held by Quadria’s first fund, which has fully divested.

GIC joins Partners Group-led consortium to acquire Germany's Techem

23h ago

GIC joins Partners Group-led consortium to acquire Germany's Techem

The deal values Techem at around €6.7 billion ($7.8 billion).

Climate private equity fund returns are finally catching up

Young vintage funds are reaping the benefits of climate-conscious consumers.

India’s PE-VC fundraising drops over 30% in H1 2025, can it bounce back?

The second half of 2025 could see renewed momentum, particularly for differentiated funds.

Indonesia's Danantara inks deal with Japan's JBIC for green investment push

The JBIC pact is part of Danantara’s broader strategy to collaborate with global SWFs and investors.

Partners Group buys out True North stake in Infinity Fincorp for $230m

This is one of the largest control deals in the sector in recent times.

Temasek-backed Manipal Hospitals to buy majority stake in Sahyadri Hospitals

The announcement confirms DealStreetAsia's report in February.

Venture Capital

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22h ago

China’s BAI Capital in the market raising second fund

It had closed its inaugural $700m fund in Jan 2022

SG-founded eSIM provider Airalo becomes unicorn after $220m CVC-led funding

Peak XV and Antler Elevate also participated in the financing.

Rest of Asia

Japanese VC Jafco Group to set up $684m fund to mint 'deep tech' unicorns

Jafco will infuse about 20% of the fund's total.

Varda Space raises $187m to accelerate development of drugs in space

The funding was led by VC firms Natural Capital and Shrug Capital.

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Bilt Rewards valued at $10.8b in funding round led by General Catalyst, GID

Bilt raised $250m in the round.

New Research Reports

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Semiconductors: Southeast Asia's strategic ascent

SE Asia faces a once-in-a-generation opportunity to move up the semiconductor value chain

Semiconductors: Southeast Asia's strategic ascent

SE Asia faces a once-in-a-generation opportunity to move up the semiconductor value chain

SE Asia Tech M&A Review 2025

The number of tech M&As in SE Asia fell for a second straight year in 2024.

The State of Deep Tech in SE Asia 2025

Capital raised by deep tech startups fell 34% YoY in 2024, but their share of overall funding rose.

India Deal Review: Q1 2025

Sequentially, startup fundraising increased only marginally in Q1, even as deal volume was up 12.3%.

DATA VANTAGE Newsletters

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19h ago

Data Vantage: 885 Capital joins Syfe’s cap table and other updates

88 Fintech Capital and Eighty Five Capital hold 10.2% and 15.4% stake, respectively.

Data Vantage: SMDV, East Ventures up stake in SIRCLO and other updates

SMDV and East Ventures acquired additional shares in SIRCLO.

Data Vantage: Solv, Emeritus, Pi-xcels in focus and other updates

Solv has issued new preference shares worth $32 million to SC Ventures.

Data Vantage: DEG invests $9.5m in Indonesia’s Waresix and other updates

Waresix is also backed by SoftBank, Temasek, and Tiger Global, among others.

Deals

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5h ago

No revenue, no product but AI startup Thinking Machines valued at $12b

10h ago

Foundation PE, Quadria GP back Indian home healthcare provider HCAH

Vietnam

11h ago

Vietnam Digest: Binance launches blockchain initiative; Net Zero Challenge 2025 kicks off

Japan's SMBC seeks RBI nod to buy 4.9% additional stake in Yes Bank: report

12h ago

Japan's SMBC seeks RBI nod to buy 4.9% additional stake in Yes Bank: report

12h ago

Chinese carmaker Geely to take full control of Zeekr in $2.4b deal

Beyond The Buyout Newsletters

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Malaysia

Beyond the Buyout: Dark side of Asia’s private credit boom

This edition also looks at Malaysia’s efforts in its financial centre ambitions.

Beyond The Buyout: Co-investments as core strategy for SE Asia’s new SWFs

With the SWFs, Indonesia and the Philippines are creating a more structured landing pad for global capital.

Beyond the Buyout: US-China tariff tension eases but investors hold steady

Investors refrain from making changes to their strategies in the absence of a lasting deal.

GreenStreet Newsletters

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GreenStreet: The Nuclear Option

This edition looks at how countries in Asia are looking at bridging the rare earth elements gap.

GreenStreet: Minding the decarbonisation gaps

In this edition, we look at how much impact investing has delivered.

Climate & Impact

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22h ago

Temasek will bet on greener living even as US funds retreat

Analysis

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5h ago

Uber, Baidu team up to launch self-driving taxis in global markets

The first rollouts are expected in Asia and the Middle East later this year.

Vietnam

17h ago

SpaceX expected to launch Starlink services in Vietnam in Q4

SpaceX is working to set up a wholly-owned unit in the country.

AI startups in US see funding surge even as VC funds struggle to raise: PitchBook

17h ago

AI startups in US see funding surge even as VC funds struggle to raise: PitchBook

Standout deals included OpenAI’s $40b round.

The LP View

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Discipline, diversification to stay the course in Asia PE: Manulife IM

Pan-Asian funds reshaping SE Asia’s private equity landscape: GreenBear

Malaysia

KWAP finalises 12 global GPs for allocations under Dana Pemacu initiative

HK-based Sagamore to explore new relationships with Chinese GPs

PE/VC fundamentals in Asia intact despite diminished risk appetite

Earnings & Results

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BlackRock assets hit record $12.53 trillion on Q2 market rally

12h ago

BlackRock assets hit record $12.53 trillion on Q2 market rally

Its AUM rose from $10.65 trillion last year.

Rest of Asia

Japan's GPIF records $11.8b annual gain

GPIF posted a gain on its foreign stock holdings and a loss on its domestic bond portfolio.

Rest of Asia

Saudi PIF's annual profit slumps 60% due to high rates, inflation

The sovereign wealth fund's assets exceeded $1 trillion in 2024.

Prosus bets on tech investment, beats target with core earnings up 47%

For the first time in its history, Prosus' free cash flow was positive.

OpenAI's annualised revenue hits $10b, up from $5.5b in Dec 2024

OpenAI is on track to achieve its revenue target of $12.7 billion in 2025.

People

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Ex-Grab Indonesia commissioner launches two climate tech startups

Both startups follow a B2B model.

Singapore lender OCBC picks insider Tan Teck Long as next CEO

Tan has over 30 years of experience in banking and joined OCBC in March 2022,

People Digest: responsAbility appoints CEO; Gaw Capital names data centre platform head

responsAbility Investments AG has appointed Nadia Nikolova as CEO.

Interviews

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Hong Kong's VMS Group eyes PE secondaries to drive liquidity for LPs

Discipline, diversification to stay the course in Asia PE: Manulife IM

Taiwan stock exchange looks to tap overseas IPOs from SE Asia, Silicon Valley

Peak XV’s second act: From record returns to a reinvention around AI