People
As many startups continue to downsize, fractional hiring has become a hot topic among founders and VCs.
India-focused private equity giant Kedaara Capital closes fourth fund at $1.73b
Indian NBFC Northern Arc raises $80m in debt and equity from IFC
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
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Analysis
The firm will use the funds to settle some of its outstanding debts, CEO William Li told Reuters.
Chinese startup fundraising fell only 5% in 2023, as deal volume rose 13%.
Venture Capital
ROCX’s fund deployment period will be over 2-3 years.
Asia PE-VC Summit 2023
The panel discussion revolved around the challenges that grip the startup ecosystem in India and SE Asia.
Unicorns
The company has also formed an upGrad Institute (UI) in Singapore.
Deals
This edition features sobering news from one of the largest investors in the world.
Spiral Capital was the lead investor in the equity issuance.
Private Equity
Deal count also fell from 207 in 2021 to 176 last year — a 15% decline.
The investment is Ford’s first in the Southeast Asian country.