Singapore
Larger-scale investments remain scarce as only one megadeal was registered last month.
Affinity Equity Partners looks to take South Korea-listed Lock & Lock private
Xiaomi says sales of its electric car 3-5x higher than expected
PE major Blackstone reports 1% rise in first-quarter earnings
UBS said to be shutting some China private funds, laying off a third of staff
Crypto exchange Binance obtains Dubai licence to target retail clients
More Stories
Abu Dhabi Islamic Bank in talks to buy $1.1b stake in Indonesian lender BSI: report
PE veteran Bert Kwan’s new investment firm backs Vietnamese clinic chain Heli Care
Shinhan Venture Investment secures first close of Japan-focused fund
Chip Eng Seng-linked Invictus sale talks stall as potential PE buyers weigh core terms
Indonesia’s Jago Coffee brews big expansion plans after pocketing fresh funding
Greater China
Chinese startups raised a record $13.9b from 171 venture deals in the month.
India
The deal volume, however, slipped on account of fewer early-stage transactions.
The amount raised from 63 transactions last month represents a 56% increase from Jan.
Privately-held firms raised $2.9b from venture investors in Feb., the lowest since May 2023.
Only one megadeal, raised by Shadowfax, was announced in the month.
The region’s startups raised $246m from 61 deals.
Investors started 2024 with a pinch of caution that steered them away from big-ticket transactions.
At 100, deal volume was up 32% over Dec when startups had scooped up $1.1b from 76 transactions.
The funding was buoyed mainly by the $634m that Lazada pocketed from parent Alibaba.