Analysis
While Indian coffee startups are attracting substantial funding, global giants are stepping up their game as well.
A look at the events leading up to that unsolicited offer and its swift rejection.
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1
US auto safety regulator opens probe into certain EVs made by VinFast
2
Xendit’s arm XenCapital bags $50m credit facility from Helicap
3
Creador acquires 40% stake in Indonesian consumer foods brand Adilmart
4
Singularity Early Opportunities Fund backs Apptile and India deals worth $227m
5
Mekong Capital eyes $200m for debut climate fund, bags Convergence grant
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Malaysia
Creador acquired the stake from Adilmart's Bursa Malaysia-listed parent CCK.
Vietnam
The Vietnamese PE firm had earlier targeted to raise $150 million for the fund.
Singapore
There were no final closes in H1 2024.
World
Banking Circle generates annually around $400 million of revenue.
CKE said the investment will help with its growth plan and strengthen its internal processes.
India
Rohan Builders has joined as the operating partner for the fund.
The firm closed its first closed-end fund at $70m in April, slightly below its $100m original target.
Centricity has attained a valuation of $125 million with the latest investment.
Rest of Asia
Recently, Paymob's direct competitor Ziina raised $22m in a Series A round led by Altos Ventures.
Greater China
JHM Biopharma's round was led by SDIC Unity Capital.
InMobi will use the funds to advance its AI development and deployment efforts
The round was led by Accion, Nuveen, Fundamentum, and existing investor Maj Invest.
No SE Asia-focused PE fund secured a final close in H1 2024.
Capital raised by Greater China startups fell 55% QoQ to just $9b.
Southeast Asian VC firms recorded a decline in both the number of fund closes and the total capital raised in the first half of 2024.
This report examines the evolution of the key digital payment platforms in Indonesia and their bid to achieve profitability.
Indonesia
Payments tech firm Optty saw its net loss surge 1.3x in the year ended Feb 29, 2024.
Indonesian startup NutriMotion has secured seed funding from Argor Capital.
Indonesian-based TransTRACK has witnessed a flurry of secondary transactions recently.
Wealthtech platform Syfe has received capital from Jai Ashok Mahtani, Sudeep Ramesh Namnani and Valar Ventures.
The Tokyo-based startup aims to follow the success of U.S.-based Intuitive Machines.
The NPS in recent years has been aggressively raising investments in overseas assets
Fancl would become a consolidated subsidiary on Sept. 19.
As a standalone company, Cialfo's total loss for the year stood 37% lower at $10.39m.
The company's revenue soared 46% YoY to $54.7m.
The firm posted a net loss of S$16m in Q2 2024, up 2.7X YoY.
Surging operating expenses offset the higher revenues.
The company expected core operating profit from continuing operations to fall 23%.
Goldman Sachs has appointed Raghav Maliah, Yoshihiko Yano and Ed Wittig.
Poddar joins Carlyle from Bajaj Electricals, where he served as the CEO.
Temasek Foundation has announced the appointment of Jennie Chua as its new chairman.
Philippines
![[Updated] The curious case of MoneyHero's bid for MoneySmart](https://media.dealstreetasia.com/uploads/2024/09/deal-no-deal.jpg?fit=980,541&resize=1920,undefined&q=75)
