Venture Capital
Endiya had first invested in Kissht in June 2017.
1
Chinese solar panel maker Jinko to sell US unit to FH Capital for $191m
2
Vietnam revs up charging infrastructure in big EV push
3
Hillhouse to buy Mercer’s private client services business in Asia
4
Brookfield, GIC complete $4.8b acquisition of National Storage REIT
5
Sumitomo Mitsui Trust Bank eyes $500m for new aircraft lease fund
More Stories
Indonesia prosecutors detain three KoinWorks-linked executives over $34m loan case
Shareholder reshuffle looms at Hermina Hospital as minority investor explores exit
GIC-backed JustCo files for SGX IPO after booking first annual profit
Ascend Vietnam Ventures bets on follow-ons as SE Asia’s VC landscape hits reset
Analysis
The regulatory ground in China has shifted dramatically in the past four months.
Deals
The round was co-led by Sherpalo and GIC, with participation from BlackRock.
It is considering an initial investment of $100-200m in the bond issue via an Asia-focused fund.
Fairfax India currently holds a 30.5% stake in the company.
IPOs & Markets
The IPO will also include existing shareholders selling about 99 million shares.
Earnings and Results
The company reduced its operating expenses.
On a year-on-year basis, the funding value rose nearly 35%.
Pronto had raised $25m in March.
Flourish Ventures and 8i Ventures also invested in the round.
