People
Once hailed as a rising star from SE Asia, the startup had raised over $310m from marquee names.
US seeks 3 years imprisonment for Binance founder Zhao
Bahrain's Investcorp sets up $1b fund backed by China's CIC
Hong Kong bourse names Carlson Tong as its new chairman
People Digest: Zoomcar names Indonesia head; Gaw Capital, Blue Owl name top execs
Vietnamese edtech startup Prep closes Series A round led by Cercano, Northstar
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Piyush Gupta said to exit Peak XV to start new VC fund: report
GoTyme Bank looking to expand SE Asia footprint with Vietnam, Indonesia launch this year
Ten new VCs to set up offices in Malaysia as part of KL20 initiative
S Korean venture capital influx slows in Vietnam as investors tread cautiously
Indonesian B2B commerce startup Sinbad set to merge with brand aggregator Tjufoo
Private Equity
The PE firm aims to raise $520 million for the sixth fund by the end of 2024.
Analysis
“For us, impact is intricately linked with the financial performance of the business.”
Dhawan will continue to be Citi’s head of emerging corporates for Asia.
Deals
Qashier wants to expand its offerings across SE Asia and beyond the region.
Earnings and Results
Atome BNPL turned profitable in Q1 2024.
The bank reportedly plans to launch a debit card by the end of this year.
Thai insurtech firm Sunday has issued additional shares to its largest shareholder.
Gupta is reportedly planning to launch a secondary-focused fund.
The green loan was used to acquire 135 electric buses for Metroline in London.