India
Blacksoil also exited 11 investments during the quarter.
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Editor’s Take: The Week That Was—Oct 21-26
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B2B commerce platform for apparel Nitex raises $3m in fresh funding
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Hong Kong IPO market shows green shoots of recovery after 3 years
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Blackstone in talks to buy US pipeline stakes from EQT in $3.5b deal
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Google's Waymo closes $5.6b funding to expand autonomous cab service
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China’s WeRide raises $440.5m from US IPO, placement
Tower Capital acquires Singapore playground company Kiztopia
India’s central bank introduced new norms in 2022 that require large NBFCs to be listed by Sept 2025.
There were just four M&A deals in Q3 2024, compared with eight in Q3 2023.
Indonesia
The company reported a net loss of $14.3 million for the year ended Dec 31, 2023.
Singapore
This is the company’s first round of external funding.
Late-stage firms feel emboldened to ask for higher valuations that match that of listed peers.
Northern Arc Investment Managers claims that it has had four successful fund exits.
Thailand
Dusit’s food business revenue grew 33% YoY in Q1 2024 to $50m.
Rest of Asia
KIC’s new CEO Il Young Park starts his three-year term on Thursday
Tribe Capital has been so far investing in India through its three global venture funds.