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feat(route): add route for dealstreetasia #16909
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<title>ESG practices emerge as crucial benchmark for capital investment</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img alt="ESG practices emerge as crucial benchmark for capital investment" sizes="100vw" srcset="https://media.dealstreetasia.com/uploads/2024/09/IMG_2004.JPG.jpeg?fit=2400,1600&amp;resize=640,undefined&amp;q=75 640w, https://media.dealstreetasia.com/uploads/2024/09/IMG_2004.JPG.jpeg?fit=2400,1600&amp;resize=750,undefined&amp;q=75 750w, https://media.dealstreetasia.com/uploads/2024/09/IMG_2004.JPG.jpeg?fit=2400,1600&amp;resize=828,undefined&amp;q=75 828w, https://media.dealstreetasia.com/uploads/2024/09/IMG_2004.JPG.jpeg?fit=2400,1600&amp;resize=1080,undefined&amp;q=75 1080w, https://media.dealstreetasia.com/uploads/2024/09/IMG_2004.JPG.jpeg?fit=2400,1600&amp;resize=1200,undefined&amp;q=75 1200w, https://media.dealstreetasia.com/uploads/2024/09/IMG_2004.JPG.jpeg?fit=2400,1600&amp;resize=1920,undefined&amp;q=75 1920w" src="https://media.dealstreetasia.com/uploads/2024/09/IMG_2004.JPG.jpeg?fit=2400,1600&amp;resize=1920,undefined&amp;q=75" decoding="async" data-nimg="responsive" class="Story_image__prqFX" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Nicolas Muller, Managing Director (Head of Private Equity Partnerships), Blue Earth Capital, Rohit Anand, Regional Head (SE Asia) and Head of Infrastructure Equity, Asia, British International Investment, Saima Rehman, Investment Officer, PE Funds, East Asia &amp; Pacific, International Finance Corporation (IFC), Eka Himawan, Co-Founder and Managing Director, Xurya, Kavitha Nair, Senior Reporter, DealStreetAsia</p></div><div class="row"><div class="Story_side_bar_content__rZL__ col-xl-2"><div><div class="Story_author_info__jU24D"><span><a class="Story_author__mE5dK" href="https://www.dealstreetasia.com/author/kavithanair/">Kavitha Nair</a></span><p class="Story_date__RJUPd">24 September, 2024</p></div><div class="ShareBar_wrapper__hS5o5"><a href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Fesg-asia-pe-vc-summit-2024-412827&amp;quote=ESG%20practices%20emerge%20as%20crucial%20benchmark%20for%20capital%20investment"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M16 8.049c0-4.446-3.582-8.05-8-8.05C3.58 0-.002 3.603-.002 8.05c0 4.017 2.926 7.347 6.75 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448h-92.68V302.4c0-34.7-.7-79.2-48.29-79.2-48.29 0-55.69 37.7-55.69 76.7V448h-92.78V148.9h89.08v40.8h1.3c12.4-23.5 42.69-48.3 87.88-48.3 94 0 111.28 61.9 111.28 142.3V448z"></path></svg></a><a href="mailto:?Subject=ESG%20practices%20emerge%20as%20crucial%20benchmark%20for%20capital%20investment&amp;body=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Fesg-asia-pe-vc-summit-2024-412827"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M20 4H4c-1.1 0-1.99.9-1.99 2L2 18c0 1.1.9 2 2 2h16c1.1 0 2-.9 2-2V6c0-1.1-.9-2-2-2zm0 4l-8 5-8-5V6l8 5 8-5v2z"></path></svg></a><a href="whatsapp://send?text=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Fesg-asia-pe-vc-summit-2024-412827&amp;title=ESG%20practices%20emerge%20as%20crucial%20benchmark%20for%20capital%20investment"><svg stroke="currentColor" fill="currentColor" 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14.639-15.746 18.596-21.169 3.955-5.438 7.661-4.373 12.742-2.329 5.078 2.052 32.157 16.556 37.673 19.551 5.51 2.989 9.193 4.529 10.51 6.9 1.317 2.38.901 13.531-4.271 26.359z"></path></svg></a><a href="https://telegram.me/share/url?url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Fesg-asia-pe-vc-summit-2024-412827&amp;text=ESG%20practices%20emerge%20as%20crucial%20benchmark%20for%20capital%20investment"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 448 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M446.7 98.6l-67.6 318.8c-5.1 22.5-18.4 28.1-37.3 17.5l-103-75.9-49.7 47.8c-5.5 5.5-10.1 10.1-20.7 10.1l7.4-104.9 190.9-172.5c8.3-7.4-1.8-11.5-12.9-4.1L117.8 284 16.2 252.2c-22.1-6.9-22.5-22.1 4.6-32.7L418.2 66.4c18.4-6.9 34.5 4.1 28.5 32.2z"></path></svg></a></div></div></div><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><span style="font-weight: 400;">Investors are increasingly treating environmental, social, and governance (ESG) practices as non-negotiable standards for businesses seeking capital, according to panellists at DealStreetAsia’s </span><span style="font-weight: 400;">Asia PE-VC Summit 2024 held last week in Singapore.</span></p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/joymitradealstreetasia-com/" target="_blank" rel="noopener noreferrer">Joymitra Rai</a></span></p></div></div></div><div class="row"><div><div><div class="overlay"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 512 512" class="lock-icon" color="#d3d3d335" style="color:#d3d3d335" height="100" width="100" xmlns="http://www.w3.org/2000/svg"><path d="M376 186h-20v-40c0-55-45-100-100-100S156 91 156 146v40h-20c-22.002 0-40 17.998-40 40v200c0 22.002 17.998 40 40 40h240c22.002 0 40-17.998 40-40V226c0-22.002-17.998-40-40-40zM256 368c-22.002 0-40-17.998-40-40s17.998-40 40-40 40 17.998 40 40-17.998 40-40 40zm62.002-182H193.998v-40c0-34.004 28.003-62.002 62.002-62.002 34.004 0 62.002 27.998 62.002 62.002v40z"></path></svg></div><div class="subscribe-now"><div class="content"><h4 class="mb-1">Start your deal-making journey now!</h4><div><div class="mb-2">Subscribe now to enjoy unlimited access at just $59.</div><div><div><span><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" class="bs-check" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path d="M12.736 3.97a.733.733 0 0 1 1.047 0c.286.289.29.756.01 1.05L7.88 12.01a.733.733 0 0 1-1.065.02L3.217 8.384a.757.757 0 0 1 0-1.06.733.733 0 0 1 1.047 0l3.052 3.093 5.4-6.425a.247.247 0 0 1 .02-.022Z"></path></svg></span>Premium coverage on private equity, venture capital, and startups in Asia.</div><div><span><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" class="bs-check" height="1em" width="1em" 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Subscriber?<!-- --> <a style="color:#1d71b8">Log in</a></div><div class="mt-2">Contact us for corporate subscriptions at<!-- --> <a href="mailto:subs@dealstreetasia.com">subs@dealstreetasia.com</a></div></div></div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Tue, 24 Sep 2024 17:53:09 GMT</p><div class="print_watermark_overlay"></div><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/esg-asia-pe-vc-summit-2024-412827/</link>
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<author>Kavitha Nair</author>
<category>Asia PE-VC Summit 2024</category>
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<title>Thailand’s 10 Bridge Capital secures $195m first close of latest PE fund</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img alt="Thailand’s 10 Bridge Capital secures $195m first close of latest PE fund" sizes="100vw" srcset="https://media.dealstreetasia.com/uploads/2024/09/IMG_6511-2.jpg?fit=1440,863&amp;resize=640,undefined&amp;q=75 640w, https://media.dealstreetasia.com/uploads/2024/09/IMG_6511-2.jpg?fit=1440,863&amp;resize=750,undefined&amp;q=75 750w, https://media.dealstreetasia.com/uploads/2024/09/IMG_6511-2.jpg?fit=1440,863&amp;resize=828,undefined&amp;q=75 828w, https://media.dealstreetasia.com/uploads/2024/09/IMG_6511-2.jpg?fit=1440,863&amp;resize=1080,undefined&amp;q=75 1080w, https://media.dealstreetasia.com/uploads/2024/09/IMG_6511-2.jpg?fit=1440,863&amp;resize=1200,undefined&amp;q=75 1200w, https://media.dealstreetasia.com/uploads/2024/09/IMG_6511-2.jpg?fit=1440,863&amp;resize=1920,undefined&amp;q=75 1920w" src="https://media.dealstreetasia.com/uploads/2024/09/IMG_6511-2.jpg?fit=1440,863&amp;resize=1920,undefined&amp;q=75" decoding="async" data-nimg="responsive" class="Story_image__prqFX" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo by Pimfha Chan</p></div><div class="row"><div class="Story_side_bar_content__rZL__ col-xl-2"><div><div class="Story_author_info__jU24D"><span><a class="Story_author__mE5dK" href="https://www.dealstreetasia.com/author/pimfha-chandhapradit/">Pimfha Chan</a></span><p class="Story_date__RJUPd">24 September, 2024</p></div><div class="ShareBar_wrapper__hS5o5"><a href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fdealstreetasia.com%2Fstories%2F10-bridge-capital-first-close-412499&amp;quote=Thailand%E2%80%99s%2010%20Bridge%20Capital%20secures%20%24195m%20first%20close%20of%20latest%20PE%20fund"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M16 8.049c0-4.446-3.582-8.05-8-8.05C3.58 0-.002 3.603-.002 8.05c0 4.017 2.926 7.347 6.75 7.951v-5.625h-2.03V8.05H6.75V6.275c0-2.017 1.195-3.131 3.022-3.131.876 0 1.791.157 1.791.157v1.98h-1.009c-.993 0-1.303.621-1.303 1.258v1.51h2.218l-.354 2.326H9.25V16c3.824-.604 6.75-3.934 6.75-7.951z"></path></svg></a><a 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46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z"></path></svg></a><a href="https://www.linkedin.com/shareArticle?mini=true&amp;url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2F10-bridge-capital-first-close-412499&amp;title=Thailand%E2%80%99s%2010%20Bridge%20Capital%20secures%20%24195m%20first%20close%20of%20latest%20PE%20fund"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 448 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M100.28 448H7.4V148.9h92.88zM53.79 108.1C24.09 108.1 0 83.5 0 53.8a53.79 53.79 0 0 1 107.58 0c0 29.7-24.1 54.3-53.79 54.3zM447.9 448h-92.68V302.4c0-34.7-.7-79.2-48.29-79.2-48.29 0-55.69 37.7-55.69 76.7V448h-92.78V148.9h89.08v40.8h1.3c12.4-23.5 42.69-48.3 87.88-48.3 94 0 111.28 61.9 111.28 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19.551 5.51 2.989 9.193 4.529 10.51 6.9 1.317 2.38.901 13.531-4.271 26.359z"></path></svg></a><a href="https://telegram.me/share/url?url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2F10-bridge-capital-first-close-412499&amp;text=Thailand%E2%80%99s%2010%20Bridge%20Capital%20secures%20%24195m%20first%20close%20of%20latest%20PE%20fund"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 448 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M446.7 98.6l-67.6 318.8c-5.1 22.5-18.4 28.1-37.3 17.5l-103-75.9-49.7 47.8c-5.5 5.5-10.1 10.1-20.7 10.1l7.4-104.9 190.9-172.5c8.3-7.4-1.8-11.5-12.9-4.1L117.8 284 16.2 252.2c-22.1-6.9-22.5-22.1 4.6-32.7L418.2 66.4c18.4-6.9 34.5 4.1 28.5 32.2z"></path></svg></a></div></div></div><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><span style="font-weight: 400;">Thailand’s 10 Bridge Capital (formerly Hatton Equity Partners) has garnered $195 million in the first close of its fourth Thailand-focused private equity fund, defying <a href="https://www.dealstreetasia.com/stories/private-equity-in-se-asia-h1-2024-review-summary-411882">the challenging fundraising climate</a> for Southeast Asian fund managers.</span></p>
<p><span style="font-weight: 400;">The Bangkok-based private equity firm is planning to raise $250 million in total for 10 Bridge Fund IV, which will invest in buyout and growth equity deals in Thai businesses, according to its partner Samon Suwannarat. The fund’s first milestone, which accounts for 78% of the target, was backed by existing investors and relationships.</span></p>
<p><!--more--></p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/pramod-mathew/" target="_blank" rel="noopener noreferrer">Pramod Mathew</a></span></p></div></div></div><div class="row"><div><div><div class="overlay"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 512 512" class="lock-icon" color="#d3d3d335" style="color:#d3d3d335" height="100" width="100" xmlns="http://www.w3.org/2000/svg"><path d="M376 186h-20v-40c0-55-45-100-100-100S156 91 156 146v40h-20c-22.002 0-40 17.998-40 40v200c0 22.002 17.998 40 40 40h240c22.002 0 40-17.998 40-40V226c0-22.002-17.998-40-40-40zM256 368c-22.002 0-40-17.998-40-40s17.998-40 40-40 40 17.998 40 40-17.998 40-40 40zm62.002-182H193.998v-40c0-34.004 28.003-62.002 62.002-62.002 34.004 0 62.002 27.998 62.002 62.002v40z"></path></svg></div><div class="subscribe-now"><div class="content"><h4 class="mb-1">Start your deal-making journey now!</h4><div><div class="mb-2">Subscribe now to enjoy unlimited access at just $59.</div><div><div><span><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" class="bs-check" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path d="M12.736 3.97a.733.733 0 0 1 1.047 0c.286.289.29.756.01 1.05L7.88 12.01a.733.733 0 0 1-1.065.02L3.217 8.384a.757.757 0 0 1 0-1.06.733.733 0 0 1 1.047 0l3.052 3.093 5.4-6.425a.247.247 0 0 1 .02-.022Z"></path></svg></span>Premium coverage on private equity, venture capital, and startups in Asia.</div><div><span><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" class="bs-check" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path d="M12.736 3.97a.733.733 0 0 1 1.047 0c.286.289.29.756.01 1.05L7.88 12.01a.733.733 0 0 1-1.065.02L3.217 8.384a.757.757 0 0 1 0-1.06.733.733 0 0 1 1.047 0l3.052 3.093 5.4-6.425a.247.247 0 0 1 .02-.022Z"></path></svg></span>Exclusive scoops from our reporters in nine key markets.</div><div><span><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" class="bs-check" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path d="M12.736 3.97a.733.733 0 0 1 1.047 0c.286.289.29.756.01 1.05L7.88 12.01a.733.733 0 0 1-1.065.02L3.217 8.384a.757.757 0 0 1 0-1.06.733.733 0 0 1 1.047 0l3.052 3.093 5.4-6.425a.247.247 0 0 1 .02-.022Z"></path></svg></span>In-depth interviews with industry leaders shaping the ecosystem.</div></div></div><a href="https://dealstreetasia.com/plans/?next=/stories/10-bridge-capital-first-close-412499&amp;intent=subscribe"><span class="main-btn">Subscribe now</span></a><div class="mt-2">Already a Subscriber?<!-- --> <a style="color:#1d71b8">Log in</a></div><div class="mt-2">Contact us for corporate subscriptions at<!-- --> <a href="mailto:subs@dealstreetasia.com">subs@dealstreetasia.com</a></div></div></div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Tue, 24 Sep 2024 17:53:10 GMT</p><div class="print_watermark_overlay"></div><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/10-bridge-capital-first-close-412499/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/10-bridge-capital-first-close-412499/</guid>
<author>Pimfha Chan</author>
<category>Private Equity</category>
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<title>Livspace's losses halve in FY2024 driven by robust India sales</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img alt="Livspace's losses halve in FY2024 driven by robust India sales" sizes="100vw" srcset="https://media.dealstreetasia.com/uploads/2018/09/Screen-Shot-2018-09-19-at-10.54.01-AM-e1644291636559.png?fit=978,484&amp;resize=640,undefined&amp;q=75 640w, https://media.dealstreetasia.com/uploads/2018/09/Screen-Shot-2018-09-19-at-10.54.01-AM-e1644291636559.png?fit=978,484&amp;resize=750,undefined&amp;q=75 750w, https://media.dealstreetasia.com/uploads/2018/09/Screen-Shot-2018-09-19-at-10.54.01-AM-e1644291636559.png?fit=978,484&amp;resize=828,undefined&amp;q=75 828w, https://media.dealstreetasia.com/uploads/2018/09/Screen-Shot-2018-09-19-at-10.54.01-AM-e1644291636559.png?fit=978,484&amp;resize=1080,undefined&amp;q=75 1080w, https://media.dealstreetasia.com/uploads/2018/09/Screen-Shot-2018-09-19-at-10.54.01-AM-e1644291636559.png?fit=978,484&amp;resize=1200,undefined&amp;q=75 1200w, https://media.dealstreetasia.com/uploads/2018/09/Screen-Shot-2018-09-19-at-10.54.01-AM-e1644291636559.png?fit=978,484&amp;resize=1920,undefined&amp;q=75 1920w" src="https://media.dealstreetasia.com/uploads/2018/09/Screen-Shot-2018-09-19-at-10.54.01-AM-e1644291636559.png?fit=978,484&amp;resize=1920,undefined&amp;q=75" decoding="async" data-nimg="responsive" class="Story_image__prqFX" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Livspace Design Centre, Bengaluru</p></div><div class="row"><div class="Story_side_bar_content__rZL__ col-xl-2"><div><div class="Story_author_info__jU24D"><span><a class="Story_author__mE5dK" href="https://www.dealstreetasia.com/author/vibhuti-sharma/">Vibhuti Sharma</a></span><p class="Story_date__RJUPd">24 September, 2024</p></div><div class="ShareBar_wrapper__hS5o5"><a href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Flivspace-earnings-fy-2024-412973&amp;quote=Livspace%27s%20losses%20halve%20in%20FY2024%20driven%20by%20robust%20India%20sales"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M16 8.049c0-4.446-3.582-8.05-8-8.05C3.58 0-.002 3.603-.002 8.05c0 4.017 2.926 7.347 6.75 7.951v-5.625h-2.03V8.05H6.75V6.275c0-2.017 1.195-3.131 3.022-3.131.876 0 1.791.157 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76.7V448h-92.78V148.9h89.08v40.8h1.3c12.4-23.5 42.69-48.3 87.88-48.3 94 0 111.28 61.9 111.28 142.3V448z"></path></svg></a><a href="mailto:?Subject=Livspace's%20losses%20halve%20in%20FY2024%20driven%20by%20robust%20India%20sales&amp;body=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Flivspace-earnings-fy-2024-412973"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M20 4H4c-1.1 0-1.99.9-1.99 2L2 18c0 1.1.9 2 2 2h16c1.1 0 2-.9 2-2V6c0-1.1-.9-2-2-2zm0 4l-8 5-8-5V6l8 5 8-5v2z"></path></svg></a><a href="whatsapp://send?text=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Flivspace-earnings-fy-2024-412973&amp;title=Livspace's%20losses%20halve%20in%20FY2024%20driven%20by%20robust%20India%20sales"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 512 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M260.062 32C138.605 32 40.134 129.701 40.134 250.232c0 41.23 11.532 79.79 31.559 112.687L32 480l121.764-38.682c31.508 17.285 67.745 27.146 106.298 27.146C381.535 468.464 480 370.749 480 250.232 480 129.701 381.535 32 260.062 32zm109.362 301.11c-5.174 12.827-28.574 24.533-38.899 25.072-10.314.547-10.608 7.994-66.84-16.434-56.225-24.434-90.052-83.844-92.719-87.67-2.669-3.812-21.78-31.047-20.749-58.455 1.038-27.413 16.047-40.346 21.404-45.725 5.351-5.387 11.486-6.352 15.232-6.413 4.428-.072 7.296-.132 10.573-.011 3.274.124 8.192-.685 12.45 10.639 4.256 11.323 14.443 39.153 15.746 41.989 1.302 2.839 2.108 6.126.102 9.771-2.012 3.653-3.042 5.935-5.961 9.083-2.935 3.148-6.174 7.042-8.792 9.449-2.92 2.665-5.97 5.572-2.9 11.269 3.068 5.693 13.653 24.356 29.779 39.736 20.725 19.771 38.598 26.329 44.098 29.317 5.515 3.004 8.806 2.67 12.226-.929 3.404-3.599 14.639-15.746 18.596-21.169 3.955-5.438 7.661-4.373 12.742-2.329 5.078 2.052 32.157 16.556 37.673 19.551 5.51 2.989 9.193 4.529 10.51 6.9 1.317 2.38.901 13.531-4.271 26.359z"></path></svg></a><a href="https://telegram.me/share/url?url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Flivspace-earnings-fy-2024-412973&amp;text=Livspace%27s%20losses%20halve%20in%20FY2024%20driven%20by%20robust%20India%20sales"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 448 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M446.7 98.6l-67.6 318.8c-5.1 22.5-18.4 28.1-37.3 17.5l-103-75.9-49.7 47.8c-5.5 5.5-10.1 10.1-20.7 10.1l7.4-104.9 190.9-172.5c8.3-7.4-1.8-11.5-12.9-4.1L117.8 284 16.2 252.2c-22.1-6.9-22.5-22.1 4.6-32.7L418.2 66.4c18.4-6.9 34.5 4.1 28.5 32.2z"></path></svg></a></div></div></div><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>TPG- and KKR-backed Livspace, a home interiors and renovation company, nearly halved its net loss for the fiscal year ended March 31, 2024, driven by increased product sales in its largest market, India.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/joymitradealstreetasia-com/" target="_blank" rel="noopener noreferrer">Joymitra Rai</a></span></p></div></div></div><div class="row"><div><div><div class="overlay"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 512 512" class="lock-icon" color="#d3d3d335" style="color:#d3d3d335" height="100" width="100" xmlns="http://www.w3.org/2000/svg"><path d="M376 186h-20v-40c0-55-45-100-100-100S156 91 156 146v40h-20c-22.002 0-40 17.998-40 40v200c0 22.002 17.998 40 40 40h240c22.002 0 40-17.998 40-40V226c0-22.002-17.998-40-40-40zM256 368c-22.002 0-40-17.998-40-40s17.998-40 40-40 40 17.998 40 40-17.998 40-40 40zm62.002-182H193.998v-40c0-34.004 28.003-62.002 62.002-62.002 34.004 0 62.002 27.998 62.002 62.002v40z"></path></svg></div><div 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<link>https://dealstreetasia.com/stories/livspace-earnings-fy-2024-412973/</link>
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<author>Vibhuti Sharma</author>
<category>Earnings and Results</category>
</item>
<item>
<title>Fubon Life offloads 5 funds at $270m profit; Cathay Life commits $50m to Summit Partners vehicle</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img alt="Fubon Life offloads 5 funds at $270m profit; Cathay Life commits $50m to Summit Partners vehicle" sizes="100vw" srcset="https://media.dealstreetasia.com/uploads/2021/04/taipei-101-e1627949602278.jpeg?fit=1024,607&amp;resize=640,undefined&amp;q=75 640w, https://media.dealstreetasia.com/uploads/2021/04/taipei-101-e1627949602278.jpeg?fit=1024,607&amp;resize=750,undefined&amp;q=75 750w, https://media.dealstreetasia.com/uploads/2021/04/taipei-101-e1627949602278.jpeg?fit=1024,607&amp;resize=828,undefined&amp;q=75 828w, https://media.dealstreetasia.com/uploads/2021/04/taipei-101-e1627949602278.jpeg?fit=1024,607&amp;resize=1080,undefined&amp;q=75 1080w, https://media.dealstreetasia.com/uploads/2021/04/taipei-101-e1627949602278.jpeg?fit=1024,607&amp;resize=1200,undefined&amp;q=75 1200w, https://media.dealstreetasia.com/uploads/2021/04/taipei-101-e1627949602278.jpeg?fit=1024,607&amp;resize=1920,undefined&amp;q=75 1920w" src="https://media.dealstreetasia.com/uploads/2021/04/taipei-101-e1627949602278.jpeg?fit=1024,607&amp;resize=1920,undefined&amp;q=75" decoding="async" data-nimg="responsive" class="Story_image__prqFX" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Taipei. Photo: Unsplash</p></div><div class="row"><div class="Story_side_bar_content__rZL__ col-xl-2"><div><div class="Story_author_info__jU24D"><span><a class="Story_author__mE5dK" href="https://www.dealstreetasia.com/author/mars-woo/">Mars W. Mosqueda Jr.</a></span><p class="Story_date__RJUPd">24 September, 2024</p></div><div class="ShareBar_wrapper__hS5o5"><a href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Ffubon-life-cathay-life-413092&amp;quote=Fubon%20Life%20offloads%205%20funds%20at%20%24270m%20profit%3B%20Cathay%20Life%20commits%20%2450m%20to%20Summit%20Partners%20vehicle"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M16 8.049c0-4.446-3.582-8.05-8-8.05C3.58 0-.002 3.603-.002 8.05c0 4.017 2.926 7.347 6.75 7.951v-5.625h-2.03V8.05H6.75V6.275c0-2.017 1.195-3.131 3.022-3.131.876 0 1.791.157 1.791.157v1.98h-1.009c-.993 0-1.303.621-1.303 1.258v1.51h2.218l-.354 2.326H9.25V16c3.824-.604 6.75-3.934 6.75-7.951z"></path></svg></a><a href="https://twitter.com/intent/tweet?text=Fubon%20Life%20offloads%205%20funds%20at%20%24270m%20profit%3B%20Cathay%20Life%20commits%20%2450m%20to%20Summit%20Partners%20vehicle&amp;url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Ffubon-life-cathay-life-413092"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 512 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z"></path></svg></a><a href="https://www.linkedin.com/shareArticle?mini=true&amp;url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Ffubon-life-cathay-life-413092&amp;title=Fubon%20Life%20offloads%205%20funds%20at%20%24270m%20profit%3B%20Cathay%20Life%20commits%20%2450m%20to%20Summit%20Partners%20vehicle"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 448 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M100.28 448H7.4V148.9h92.88zM53.79 108.1C24.09 108.1 0 83.5 0 53.8a53.79 53.79 0 0 1 107.58 0c0 29.7-24.1 54.3-53.79 54.3zM447.9 448h-92.68V302.4c0-34.7-.7-79.2-48.29-79.2-48.29 0-55.69 37.7-55.69 76.7V448h-92.78V148.9h89.08v40.8h1.3c12.4-23.5 42.69-48.3 87.88-48.3 94 0 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7.661-4.373 12.742-2.329 5.078 2.052 32.157 16.556 37.673 19.551 5.51 2.989 9.193 4.529 10.51 6.9 1.317 2.38.901 13.531-4.271 26.359z"></path></svg></a><a href="https://telegram.me/share/url?url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Ffubon-life-cathay-life-413092&amp;text=Fubon%20Life%20offloads%205%20funds%20at%20%24270m%20profit%3B%20Cathay%20Life%20commits%20%2450m%20to%20Summit%20Partners%20vehicle"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 448 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M446.7 98.6l-67.6 318.8c-5.1 22.5-18.4 28.1-37.3 17.5l-103-75.9-49.7 47.8c-5.5 5.5-10.1 10.1-20.7 10.1l7.4-104.9 190.9-172.5c8.3-7.4-1.8-11.5-12.9-4.1L117.8 284 16.2 252.2c-22.1-6.9-22.5-22.1 4.6-32.7L418.2 66.4c18.4-6.9 34.5 4.1 28.5 32.2z"></path></svg></a></div></div></div><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Taiwanese insurer <a href="https://www.dealstreetasia.com/search/page/1?s=Fubon%20Life%20Insurance&amp;sort_by=recent">Fubon Life Insurance</a> has disposed of its holdings in three USD-denominated and two EUR-denominated funds at an expected profit of about $270 million.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/padmapriya/" target="_blank" rel="noopener noreferrer">Padma Priya</a></span></p></div></div></div><div class="row"><div><div><div class="overlay"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 512 512" class="lock-icon" color="#d3d3d335" style="color:#d3d3d335" height="100" width="100" xmlns="http://www.w3.org/2000/svg"><path d="M376 186h-20v-40c0-55-45-100-100-100S156 91 156 146v40h-20c-22.002 0-40 17.998-40 40v200c0 22.002 17.998 40 40 40h240c22.002 0 40-17.998 40-40V226c0-22.002-17.998-40-40-40zM256 368c-22.002 0-40-17.998-40-40s17.998-40 40-40 40 17.998 40 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in</a></div><div class="mt-2">Contact us for corporate subscriptions at<!-- --> <a href="mailto:subs@dealstreetasia.com">subs@dealstreetasia.com</a></div></div></div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Tue, 24 Sep 2024 17:53:11 GMT</p><div class="print_watermark_overlay"></div><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/fubon-life-cathay-life-413092/</link>
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<author>Mars W. Mosqueda Jr.</author>
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<title>Data Vantage: BillEase, Umami Bioworks, Lhoopa and Pallav Tech in focus</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img alt="Data Vantage: BillEase, Umami Bioworks, Lhoopa and Pallav Tech in focus" sizes="100vw" srcset="https://media.dealstreetasia.com/uploads/2024/07/data-vantage-story-e1722274797249.jpg?fit=980,547&amp;resize=640,undefined&amp;q=75 640w, https://media.dealstreetasia.com/uploads/2024/07/data-vantage-story-e1722274797249.jpg?fit=980,547&amp;resize=750,undefined&amp;q=75 750w, https://media.dealstreetasia.com/uploads/2024/07/data-vantage-story-e1722274797249.jpg?fit=980,547&amp;resize=828,undefined&amp;q=75 828w, https://media.dealstreetasia.com/uploads/2024/07/data-vantage-story-e1722274797249.jpg?fit=980,547&amp;resize=1080,undefined&amp;q=75 1080w, https://media.dealstreetasia.com/uploads/2024/07/data-vantage-story-e1722274797249.jpg?fit=980,547&amp;resize=1200,undefined&amp;q=75 1200w, https://media.dealstreetasia.com/uploads/2024/07/data-vantage-story-e1722274797249.jpg?fit=980,547&amp;resize=1920,undefined&amp;q=75 1920w" src="https://media.dealstreetasia.com/uploads/2024/07/data-vantage-story-e1722274797249.jpg?fit=980,547&amp;resize=1920,undefined&amp;q=75" decoding="async" data-nimg="responsive" class="Story_image__prqFX" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV"></p><div class="NewsletterForm_wrapper__TKadw" style="background-color:#e7f7ff"><div class="NewsletterForm_form_content__mxctJ"><p style="margin-bottom:0px">This web version of the DATA VANTAGE twice-weekly premium newsletter is available only to our premium subscribers. Unlock access by picking up any of our <a href="https://dealstreetasia.com/plans/">premium subscription plans</a>.</p></div></div></div><div class="row"><div class="Story_side_bar_content__rZL__ col-xl-2"><div><div class="Story_author_info__jU24D"><span><a class="Story_author__mE5dK" href="https://www.dealstreetasia.com/author/deepshikha-monga/">Deepshikha Monga</a></span><p class="Story_date__RJUPd">24 September, 2024</p></div><div class="ShareBar_wrapper__hS5o5"><a href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Fdata-vantage-billease-umami-413000&amp;quote=Data%20Vantage%3A%20BillEase%2C%20Umami%20Bioworks%2C%20Lhoopa%20and%20Pallav%20Tech%20in%20focus"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M16 8.049c0-4.446-3.582-8.05-8-8.05C3.58 0-.002 3.603-.002 8.05c0 4.017 2.926 7.347 6.75 7.951v-5.625h-2.03V8.05H6.75V6.275c0-2.017 1.195-3.131 3.022-3.131.876 0 1.791.157 1.791.157v1.98h-1.009c-.993 0-1.303.621-1.303 1.258v1.51h2.218l-.354 2.326H9.25V16c3.824-.604 6.75-3.934 6.75-7.951z"></path></svg></a><a href="https://twitter.com/intent/tweet?text=Data%20Vantage%3A%20BillEase%2C%20Umami%20Bioworks%2C%20Lhoopa%20and%20Pallav%20Tech%20in%20focus&amp;url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Fdata-vantage-billease-umami-413000"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 512 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z"></path></svg></a><a href="https://www.linkedin.com/shareArticle?mini=true&amp;url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Fdata-vantage-billease-umami-413000&amp;title=Data%20Vantage%3A%20BillEase%2C%20Umami%20Bioworks%2C%20Lhoopa%20and%20Pallav%20Tech%20in%20focus"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 448 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M100.28 448H7.4V148.9h92.88zM53.79 108.1C24.09 108.1 0 83.5 0 53.8a53.79 53.79 0 0 1 107.58 0c0 29.7-24.1 54.3-53.79 54.3zM447.9 448h-92.68V302.4c0-34.7-.7-79.2-48.29-79.2-48.29 0-55.69 37.7-55.69 76.7V448h-92.78V148.9h89.08v40.8h1.3c12.4-23.5 42.69-48.3 87.88-48.3 94 0 111.28 61.9 111.28 142.3V448z"></path></svg></a><a href="mailto:?Subject=Data%20Vantage%3A%20BillEase%2C%20Umami%20Bioworks%2C%20Lhoopa%20and%20Pallav%20Tech%20in%20focus&amp;body=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Fdata-vantage-billease-umami-413000"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M20 4H4c-1.1 0-1.99.9-1.99 2L2 18c0 1.1.9 2 2 2h16c1.1 0 2-.9 2-2V6c0-1.1-.9-2-2-2zm0 4l-8 5-8-5V6l8 5 8-5v2z"></path></svg></a><a href="whatsapp://send?text=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Fdata-vantage-billease-umami-413000&amp;title=Data%20Vantage%3A%20BillEase%2C%20Umami%20Bioworks%2C%20Lhoopa%20and%20Pallav%20Tech%20in%20focus"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 512 512" class=& ... |
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<title>ESG practices emerge as crucial benchmark for capital investment</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img alt="ESG practices emerge as crucial benchmark for capital investment" sizes="100vw" srcset="https://media.dealstreetasia.com/uploads/2024/09/IMG_2004.JPG.jpeg?fit=2400,1600&amp;resize=640,undefined&amp;q=75 640w, https://media.dealstreetasia.com/uploads/2024/09/IMG_2004.JPG.jpeg?fit=2400,1600&amp;resize=750,undefined&amp;q=75 750w, https://media.dealstreetasia.com/uploads/2024/09/IMG_2004.JPG.jpeg?fit=2400,1600&amp;resize=828,undefined&amp;q=75 828w, https://media.dealstreetasia.com/uploads/2024/09/IMG_2004.JPG.jpeg?fit=2400,1600&amp;resize=1080,undefined&amp;q=75 1080w, https://media.dealstreetasia.com/uploads/2024/09/IMG_2004.JPG.jpeg?fit=2400,1600&amp;resize=1200,undefined&amp;q=75 1200w, https://media.dealstreetasia.com/uploads/2024/09/IMG_2004.JPG.jpeg?fit=2400,1600&amp;resize=1920,undefined&amp;q=75 1920w" src="https://media.dealstreetasia.com/uploads/2024/09/IMG_2004.JPG.jpeg?fit=2400,1600&amp;resize=1920,undefined&amp;q=75" decoding="async" data-nimg="responsive" class="Story_image__prqFX" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Nicolas Muller, Managing Director (Head of Private Equity Partnerships), Blue Earth Capital, Rohit Anand, Regional Head (SE Asia) and Head of Infrastructure Equity, Asia, British International Investment, Saima Rehman, Investment Officer, PE Funds, East Asia &amp; Pacific, International Finance Corporation (IFC), Eka Himawan, Co-Founder and Managing Director, Xurya, Kavitha Nair, Senior Reporter, DealStreetAsia</p></div><div class="row"><div class="Story_side_bar_content__rZL__ col-xl-2"><div><div class="Story_author_info__jU24D"><span><a class="Story_author__mE5dK" href="https://www.dealstreetasia.com/author/kavithanair/">Kavitha Nair</a></span><p class="Story_date__RJUPd">24 September, 2024</p></div><div class="ShareBar_wrapper__hS5o5"><a href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Fesg-asia-pe-vc-summit-2024-412827&amp;quote=ESG%20practices%20emerge%20as%20crucial%20benchmark%20for%20capital%20investment"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M16 8.049c0-4.446-3.582-8.05-8-8.05C3.58 0-.002 3.603-.002 8.05c0 4.017 2.926 7.347 6.75 7.951v-5.625h-2.03V8.05H6.75V6.275c0-2.017 1.195-3.131 3.022-3.131.876 0 1.791.157 1.791.157v1.98h-1.009c-.993 0-1.303.621-1.303 1.258v1.51h2.218l-.354 2.326H9.25V16c3.824-.604 6.75-3.934 6.75-7.951z"></path></svg></a><a href="https://twitter.com/intent/tweet?text=ESG%20practices%20emerge%20as%20crucial%20benchmark%20for%20capital%20investment&amp;url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Fesg-asia-pe-vc-summit-2024-412827"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 512 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z"></path></svg></a><a href="https://www.linkedin.com/shareArticle?mini=true&amp;url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Fesg-asia-pe-vc-summit-2024-412827&amp;title=ESG%20practices%20emerge%20as%20crucial%20benchmark%20for%20capital%20investment"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 448 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M100.28 448H7.4V148.9h92.88zM53.79 108.1C24.09 108.1 0 83.5 0 53.8a53.79 53.79 0 0 1 107.58 0c0 29.7-24.1 54.3-53.79 54.3zM447.9 448h-92.68V302.4c0-34.7-.7-79.2-48.29-79.2-48.29 0-55.69 37.7-55.69 76.7V448h-92.78V148.9h89.08v40.8h1.3c12.4-23.5 42.69-48.3 87.88-48.3 94 0 111.28 61.9 111.28 142.3V448z"></path></svg></a><a href="mailto:?Subject=ESG%20practices%20emerge%20as%20crucial%20benchmark%20for%20capital%20investment&amp;body=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Fesg-asia-pe-vc-summit-2024-412827"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M20 4H4c-1.1 0-1.99.9-1.99 2L2 18c0 1.1.9 2 2 2h16c1.1 0 2-.9 2-2V6c0-1.1-.9-2-2-2zm0 4l-8 5-8-5V6l8 5 8-5v2z"></path></svg></a><a href="whatsapp://send?text=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Fesg-asia-pe-vc-summit-2024-412827&amp;title=ESG%20practices%20emerge%20as%20crucial%20benchmark%20for%20capital%20investment"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 512 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M260.062 32C138.605 32 40.134 129.701 40.134 250.232c0 41.23 11.532 79.79 31.559 112.687L32 480l121.764-38.682c31.508 17.285 67.745 27.146 106.298 27.146C381.535 468.464 480 370.749 480 250.232 480 129.701 381.535 32 260.062 32zm109.362 301.11c-5.174 12.827-28.574 24.533-38.899 25.072-10.314.547-10.608 7.994-66.84-16.434-56.225-24.434-90.052-83.844-92.719-87.67-2.669-3.812-21.78-31.047-20.749-58.455 1.038-27.413 16.047-40.346 21.404-45.725 5.351-5.387 11.486-6.352 15.232-6.413 4.428-.072 7.296-.132 10.573-.011 3.274.124 8.192-.685 12.45 10.639 4.256 11.323 14.443 39.153 15.746 41.989 1.302 2.839 2.108 6.126.102 9.771-2.012 3.653-3.042 5.935-5.961 9.083-2.935 3.148-6.174 7.042-8.792 9.449-2.92 2.665-5.97 5.572-2.9 11.269 3.068 5.693 13.653 24.356 29.779 39.736 20.725 19.771 38.598 26.329 44.098 29.317 5.515 3.004 8.806 2.67 12.226-.929 3.404-3.599 14.639-15.746 18.596-21.169 3.955-5.438 7.661-4.373 12.742-2.329 5.078 2.052 32.157 16.556 37.673 19.551 5.51 2.989 9.193 4.529 10.51 6.9 1.317 2.38.901 13.531-4.271 26.359z"></path></svg></a><a href="https://telegram.me/share/url?url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Fesg-asia-pe-vc-summit-2024-412827&amp;text=ESG%20practices%20emerge%20as%20crucial%20benchmark%20for%20capital%20investment"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 448 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M446.7 98.6l-67.6 318.8c-5.1 22.5-18.4 28.1-37.3 17.5l-103-75.9-49.7 47.8c-5.5 5.5-10.1 10.1-20.7 10.1l7.4-104.9 190.9-172.5c8.3-7.4-1.8-11.5-12.9-4.1L117.8 284 16.2 252.2c-22.1-6.9-22.5-22.1 4.6-32.7L418.2 66.4c18.4-6.9 34.5 4.1 28.5 32.2z"></path></svg></a></div></div></div><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><span style="font-weight: 400;">Investors are increasingly treating environmental, social, and governance (ESG) practices as non-negotiable standards for businesses seeking capital, according to panellists at DealStreetAsia’s </span><span style="font-weight: 400;">Asia PE-VC Summit 2024 held last week in Singapore.</span></p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/joymitradealstreetasia-com/" target="_blank" rel="noopener noreferrer">Joymitra Rai</a></span></p></div></div></div><div class="row"><div><div><div class="overlay"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 512 512" class="lock-icon" color="#d3d3d335" style="color:#d3d3d335" height="100" width="100" xmlns="http://www.w3.org/2000/svg"><path d="M376 186h-20v-40c0-55-45-100-100-100S156 91 156 146v40h-20c-22.002 0-40 17.998-40 40v200c0 22.002 17.998 40 40 40h240c22.002 0 40-17.998 40-40V226c0-22.002-17.998-40-40-40zM256 368c-22.002 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Subscriber?<!-- --> <a style="color:#1d71b8">Log in</a></div><div class="mt-2">Contact us for corporate subscriptions at<!-- --> <a href="mailto:subs@dealstreetasia.com">subs@dealstreetasia.com</a></div></div></div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Tue, 24 Sep 2024 18:37:13 GMT</p><div class="print_watermark_overlay"></div><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/esg-asia-pe-vc-summit-2024-412827/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/esg-asia-pe-vc-summit-2024-412827/</guid>
<author>Kavitha Nair</author>
<category>Asia PE-VC Summit 2024</category>
</item>
<item>
<title>Thailand’s 10 Bridge Capital secures $195m first close of latest PE fund</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img alt="Thailand’s 10 Bridge Capital secures $195m first close of latest PE fund" sizes="100vw" srcset="https://media.dealstreetasia.com/uploads/2024/09/IMG_6511-2.jpg?fit=1440,863&amp;resize=640,undefined&amp;q=75 640w, https://media.dealstreetasia.com/uploads/2024/09/IMG_6511-2.jpg?fit=1440,863&amp;resize=750,undefined&amp;q=75 750w, https://media.dealstreetasia.com/uploads/2024/09/IMG_6511-2.jpg?fit=1440,863&amp;resize=828,undefined&amp;q=75 828w, https://media.dealstreetasia.com/uploads/2024/09/IMG_6511-2.jpg?fit=1440,863&amp;resize=1080,undefined&amp;q=75 1080w, https://media.dealstreetasia.com/uploads/2024/09/IMG_6511-2.jpg?fit=1440,863&amp;resize=1200,undefined&amp;q=75 1200w, https://media.dealstreetasia.com/uploads/2024/09/IMG_6511-2.jpg?fit=1440,863&amp;resize=1920,undefined&amp;q=75 1920w" src="https://media.dealstreetasia.com/uploads/2024/09/IMG_6511-2.jpg?fit=1440,863&amp;resize=1920,undefined&amp;q=75" decoding="async" data-nimg="responsive" class="Story_image__prqFX" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo by Pimfha Chan</p></div><div class="row"><div class="Story_side_bar_content__rZL__ col-xl-2"><div><div class="Story_author_info__jU24D"><span><a class="Story_author__mE5dK" href="https://www.dealstreetasia.com/author/pimfha-chandhapradit/">Pimfha Chan</a></span><p class="Story_date__RJUPd">24 September, 2024</p></div><div class="ShareBar_wrapper__hS5o5"><a href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fdealstreetasia.com%2Fstories%2F10-bridge-capital-first-close-412499&amp;quote=Thailand%E2%80%99s%2010%20Bridge%20Capital%20secures%20%24195m%20first%20close%20of%20latest%20PE%20fund"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M16 8.049c0-4.446-3.582-8.05-8-8.05C3.58 0-.002 3.603-.002 8.05c0 4.017 2.926 7.347 6.75 7.951v-5.625h-2.03V8.05H6.75V6.275c0-2.017 1.195-3.131 3.022-3.131.876 0 1.791.157 1.791.157v1.98h-1.009c-.993 0-1.303.621-1.303 1.258v1.51h2.218l-.354 2.326H9.25V16c3.824-.604 6.75-3.934 6.75-7.951z"></path></svg></a><a href="https://twitter.com/intent/tweet?text=Thailand%E2%80%99s%2010%20Bridge%20Capital%20secures%20%24195m%20first%20close%20of%20latest%20PE%20fund&amp;url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2F10-bridge-capital-first-close-412499"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 512 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z"></path></svg></a><a href="https://www.linkedin.com/shareArticle?mini=true&amp;url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2F10-bridge-capital-first-close-412499&amp;title=Thailand%E2%80%99s%2010%20Bridge%20Capital%20secures%20%24195m%20first%20close%20of%20latest%20PE%20fund"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 448 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M100.28 448H7.4V148.9h92.88zM53.79 108.1C24.09 108.1 0 83.5 0 53.8a53.79 53.79 0 0 1 107.58 0c0 29.7-24.1 54.3-53.79 54.3zM447.9 448h-92.68V302.4c0-34.7-.7-79.2-48.29-79.2-48.29 0-55.69 37.7-55.69 76.7V448h-92.78V148.9h89.08v40.8h1.3c12.4-23.5 42.69-48.3 87.88-48.3 94 0 111.28 61.9 111.28 142.3V448z"></path></svg></a><a href="mailto:?Subject=Thailand%E2%80%99s%2010%20Bridge%20Capital%20secures%20%24195m%20first%20close%20of%20latest%20PE%20fund&amp;body=https%3A%2F%2Fdealstreetasia.com%2Fstories%2F10-bridge-capital-first-close-412499"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M20 4H4c-1.1 0-1.99.9-1.99 2L2 18c0 1.1.9 2 2 2h16c1.1 0 2-.9 2-2V6c0-1.1-.9-2-2-2zm0 4l-8 5-8-5V6l8 5 8-5v2z"></path></svg></a><a href="whatsapp://send?text=https%3A%2F%2Fdealstreetasia.com%2Fstories%2F10-bridge-capital-first-close-412499&amp;title=Thailand%E2%80%99s%2010%20Bridge%20Capital%20secures%20%24195m%20first%20close%20of%20latest%20PE%20fund"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 512 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M260.062 32C138.605 32 40.134 129.701 40.134 250.232c0 41.23 11.532 79.79 31.559 112.687L32 480l121.764-38.682c31.508 17.285 67.745 27.146 106.298 27.146C381.535 468.464 480 370.749 480 250.232 480 129.701 381.535 32 260.062 32zm109.362 301.11c-5.174 12.827-28.574 24.533-38.899 25.072-10.314.547-10.608 7.994-66.84-16.434-56.225-24.434-90.052-83.844-92.719-87.67-2.669-3.812-21.78-31.047-20.749-58.455 1.038-27.413 16.047-40.346 21.404-45.725 5.351-5.387 11.486-6.352 15.232-6.413 4.428-.072 7.296-.132 10.573-.011 3.274.124 8.192-.685 12.45 10.639 4.256 11.323 14.443 39.153 15.746 41.989 1.302 2.839 2.108 6.126.102 9.771-2.012 3.653-3.042 5.935-5.961 9.083-2.935 3.148-6.174 7.042-8.792 9.449-2.92 2.665-5.97 5.572-2.9 11.269 3.068 5.693 13.653 24.356 29.779 39.736 20.725 19.771 38.598 26.329 44.098 29.317 5.515 3.004 8.806 2.67 12.226-.929 3.404-3.599 14.639-15.746 18.596-21.169 3.955-5.438 7.661-4.373 12.742-2.329 5.078 2.052 32.157 16.556 37.673 19.551 5.51 2.989 9.193 4.529 10.51 6.9 1.317 2.38.901 13.531-4.271 26.359z"></path></svg></a><a href="https://telegram.me/share/url?url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2F10-bridge-capital-first-close-412499&amp;text=Thailand%E2%80%99s%2010%20Bridge%20Capital%20secures%20%24195m%20first%20close%20of%20latest%20PE%20fund"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 448 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M446.7 98.6l-67.6 318.8c-5.1 22.5-18.4 28.1-37.3 17.5l-103-75.9-49.7 47.8c-5.5 5.5-10.1 10.1-20.7 10.1l7.4-104.9 190.9-172.5c8.3-7.4-1.8-11.5-12.9-4.1L117.8 284 16.2 252.2c-22.1-6.9-22.5-22.1 4.6-32.7L418.2 66.4c18.4-6.9 34.5 4.1 28.5 32.2z"></path></svg></a></div></div></div><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><span style="font-weight: 400;">Thailand’s 10 Bridge Capital (formerly Hatton Equity Partners) has garnered $195 million in the first close of its fourth Thailand-focused private equity fund, defying <a href="https://www.dealstreetasia.com/stories/private-equity-in-se-asia-h1-2024-review-summary-411882">the challenging fundraising climate</a> for Southeast Asian fund managers.</span></p>
<p><span style="font-weight: 400;">The Bangkok-based private equity firm is planning to raise $250 million in total for 10 Bridge Fund IV, which will invest in buyout and growth equity deals in Thai businesses, according to its partner Samon Suwannarat. The fund’s first milestone, which accounts for 78% of the target, was backed by existing investors and relationships.</span></p>
<p><!--more--></p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/pramod-mathew/" target="_blank" rel="noopener noreferrer">Pramod Mathew</a></span></p></div></div></div><div class="row"><div><div><div class="overlay"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 512 512" class="lock-icon" color="#d3d3d335" style="color:#d3d3d335" height="100" width="100" xmlns="http://www.w3.org/2000/svg"><path d="M376 186h-20v-40c0-55-45-100-100-100S156 91 156 146v40h-20c-22.002 0-40 17.998-40 40v200c0 22.002 17.998 40 40 40h240c22.002 0 40-17.998 40-40V226c0-22.002-17.998-40-40-40zM256 368c-22.002 0-40-17.998-40-40s17.998-40 40-40 40 17.998 40 40-17.998 40-40 40zm62.002-182H193.998v-40c0-34.004 28.003-62.002 62.002-62.002 34.004 0 62.002 27.998 62.002 62.002v40z"></path></svg></div><div class="subscribe-now"><div class="content"><h4 class="mb-1">Start your deal-making journey now!</h4><div><div class="mb-2">Subscribe now to enjoy unlimited access at just $59.</div><div><div><span><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" class="bs-check" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path d="M12.736 3.97a.733.733 0 0 1 1.047 0c.286.289.29.756.01 1.05L7.88 12.01a.733.733 0 0 1-1.065.02L3.217 8.384a.757.757 0 0 1 0-1.06.733.733 0 0 1 1.047 0l3.052 3.093 5.4-6.425a.247.247 0 0 1 .02-.022Z"></path></svg></span>Premium coverage on private equity, venture capital, and startups in Asia.</div><div><span><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" class="bs-check" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path d="M12.736 3.97a.733.733 0 0 1 1.047 0c.286.289.29.756.01 1.05L7.88 12.01a.733.733 0 0 1-1.065.02L3.217 8.384a.757.757 0 0 1 0-1.06.733.733 0 0 1 1.047 0l3.052 3.093 5.4-6.425a.247.247 0 0 1 .02-.022Z"></path></svg></span>Exclusive scoops from our reporters in nine key markets.</div><div><span><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" class="bs-check" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path d="M12.736 3.97a.733.733 0 0 1 1.047 0c.286.289.29.756.01 1.05L7.88 12.01a.733.733 0 0 1-1.065.02L3.217 8.384a.757.757 0 0 1 0-1.06.733.733 0 0 1 1.047 0l3.052 3.093 5.4-6.425a.247.247 0 0 1 .02-.022Z"></path></svg></span>In-depth interviews with industry leaders shaping the ecosystem.</div></div></div><a href="https://dealstreetasia.com/plans/?next=/stories/10-bridge-capital-first-close-412499&amp;intent=subscribe"><span class="main-btn">Subscribe now</span></a><div class="mt-2">Already a Subscriber?<!-- --> <a style="color:#1d71b8">Log in</a></div><div class="mt-2">Contact us for corporate subscriptions at<!-- --> <a href="mailto:subs@dealstreetasia.com">subs@dealstreetasia.com</a></div></div></div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Tue, 24 Sep 2024 18:37:14 GMT</p><div class="print_watermark_overlay"></div><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
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<author>Pimfha Chan</author>
<category>Private Equity</category>
</item>
<item>
<title>Livspace's losses halve in FY2024 driven by robust India sales</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img alt="Livspace's losses halve in FY2024 driven by robust India sales" sizes="100vw" srcset="https://media.dealstreetasia.com/uploads/2018/09/Screen-Shot-2018-09-19-at-10.54.01-AM-e1644291636559.png?fit=978,484&amp;resize=640,undefined&amp;q=75 640w, https://media.dealstreetasia.com/uploads/2018/09/Screen-Shot-2018-09-19-at-10.54.01-AM-e1644291636559.png?fit=978,484&amp;resize=750,undefined&amp;q=75 750w, https://media.dealstreetasia.com/uploads/2018/09/Screen-Shot-2018-09-19-at-10.54.01-AM-e1644291636559.png?fit=978,484&amp;resize=828,undefined&amp;q=75 828w, https://media.dealstreetasia.com/uploads/2018/09/Screen-Shot-2018-09-19-at-10.54.01-AM-e1644291636559.png?fit=978,484&amp;resize=1080,undefined&amp;q=75 1080w, https://media.dealstreetasia.com/uploads/2018/09/Screen-Shot-2018-09-19-at-10.54.01-AM-e1644291636559.png?fit=978,484&amp;resize=1200,undefined&amp;q=75 1200w, https://media.dealstreetasia.com/uploads/2018/09/Screen-Shot-2018-09-19-at-10.54.01-AM-e1644291636559.png?fit=978,484&amp;resize=1920,undefined&amp;q=75 1920w" src="https://media.dealstreetasia.com/uploads/2018/09/Screen-Shot-2018-09-19-at-10.54.01-AM-e1644291636559.png?fit=978,484&amp;resize=1920,undefined&amp;q=75" decoding="async" data-nimg="responsive" class="Story_image__prqFX" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Livspace Design Centre, Bengaluru</p></div><div class="row"><div class="Story_side_bar_content__rZL__ col-xl-2"><div><div class="Story_author_info__jU24D"><span><a class="Story_author__mE5dK" href="https://www.dealstreetasia.com/author/vibhuti-sharma/">Vibhuti Sharma</a></span><p class="Story_date__RJUPd">24 September, 2024</p></div><div class="ShareBar_wrapper__hS5o5"><a href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Flivspace-earnings-fy-2024-412973&amp;quote=Livspace%27s%20losses%20halve%20in%20FY2024%20driven%20by%20robust%20India%20sales"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M16 8.049c0-4.446-3.582-8.05-8-8.05C3.58 0-.002 3.603-.002 8.05c0 4.017 2.926 7.347 6.75 7.951v-5.625h-2.03V8.05H6.75V6.275c0-2.017 1.195-3.131 3.022-3.131.876 0 1.791.157 1.791.157v1.98h-1.009c-.993 0-1.303.621-1.303 1.258v1.51h2.218l-.354 2.326H9.25V16c3.824-.604 6.75-3.934 6.75-7.951z"></path></svg></a><a href="https://twitter.com/intent/tweet?text=Livspace%27s%20losses%20halve%20in%20FY2024%20driven%20by%20robust%20India%20sales&amp;url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Flivspace-earnings-fy-2024-412973"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 512 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z"></path></svg></a><a href="https://www.linkedin.com/shareArticle?mini=true&amp;url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Flivspace-earnings-fy-2024-412973&amp;title=Livspace%27s%20losses%20halve%20in%20FY2024%20driven%20by%20robust%20India%20sales"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 448 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M100.28 448H7.4V148.9h92.88zM53.79 108.1C24.09 108.1 0 83.5 0 53.8a53.79 53.79 0 0 1 107.58 0c0 29.7-24.1 54.3-53.79 54.3zM447.9 448h-92.68V302.4c0-34.7-.7-79.2-48.29-79.2-48.29 0-55.69 37.7-55.69 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16.556 37.673 19.551 5.51 2.989 9.193 4.529 10.51 6.9 1.317 2.38.901 13.531-4.271 26.359z"></path></svg></a><a href="https://telegram.me/share/url?url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Flivspace-earnings-fy-2024-412973&amp;text=Livspace%27s%20losses%20halve%20in%20FY2024%20driven%20by%20robust%20India%20sales"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 448 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M446.7 98.6l-67.6 318.8c-5.1 22.5-18.4 28.1-37.3 17.5l-103-75.9-49.7 47.8c-5.5 5.5-10.1 10.1-20.7 10.1l7.4-104.9 190.9-172.5c8.3-7.4-1.8-11.5-12.9-4.1L117.8 284 16.2 252.2c-22.1-6.9-22.5-22.1 4.6-32.7L418.2 66.4c18.4-6.9 34.5 4.1 28.5 32.2z"></path></svg></a></div></div></div><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>TPG- and KKR-backed Livspace, a home interiors and renovation company, nearly halved its net loss for the fiscal year ended March 31, 2024, driven by increased product sales in its largest market, India.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/joymitradealstreetasia-com/" target="_blank" rel="noopener noreferrer">Joymitra Rai</a></span></p></div></div></div><div class="row"><div><div><div class="overlay"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 512 512" class="lock-icon" color="#d3d3d335" style="color:#d3d3d335" height="100" width="100" xmlns="http://www.w3.org/2000/svg"><path d="M376 186h-20v-40c0-55-45-100-100-100S156 91 156 146v40h-20c-22.002 0-40 17.998-40 40v200c0 22.002 17.998 40 40 40h240c22.002 0 40-17.998 40-40V226c0-22.002-17.998-40-40-40zM256 368c-22.002 0-40-17.998-40-40s17.998-40 40-40 40 17.998 40 40-17.998 40-40 40zm62.002-182H193.998v-40c0-34.004 28.003-62.002 62.002-62.002 34.004 0 62.002 27.998 62.002 62.002v40z"></path></svg></div><div 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<link>https://dealstreetasia.com/stories/livspace-earnings-fy-2024-412973/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/livspace-earnings-fy-2024-412973/</guid>
<author>Vibhuti Sharma</author>
<category>Earnings and Results</category>
</item>
<item>
<title>Fubon Life offloads 5 funds at $270m profit; Cathay Life commits $50m to Summit Partners vehicle</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img alt="Fubon Life offloads 5 funds at $270m profit; Cathay Life commits $50m to Summit Partners vehicle" sizes="100vw" srcset="https://media.dealstreetasia.com/uploads/2021/04/taipei-101-e1627949602278.jpeg?fit=1024,607&amp;resize=640,undefined&amp;q=75 640w, https://media.dealstreetasia.com/uploads/2021/04/taipei-101-e1627949602278.jpeg?fit=1024,607&amp;resize=750,undefined&amp;q=75 750w, https://media.dealstreetasia.com/uploads/2021/04/taipei-101-e1627949602278.jpeg?fit=1024,607&amp;resize=828,undefined&amp;q=75 828w, https://media.dealstreetasia.com/uploads/2021/04/taipei-101-e1627949602278.jpeg?fit=1024,607&amp;resize=1080,undefined&amp;q=75 1080w, https://media.dealstreetasia.com/uploads/2021/04/taipei-101-e1627949602278.jpeg?fit=1024,607&amp;resize=1200,undefined&amp;q=75 1200w, https://media.dealstreetasia.com/uploads/2021/04/taipei-101-e1627949602278.jpeg?fit=1024,607&amp;resize=1920,undefined&amp;q=75 1920w" src="https://media.dealstreetasia.com/uploads/2021/04/taipei-101-e1627949602278.jpeg?fit=1024,607&amp;resize=1920,undefined&amp;q=75" decoding="async" data-nimg="responsive" class="Story_image__prqFX" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Taipei. Photo: Unsplash</p></div><div class="row"><div class="Story_side_bar_content__rZL__ col-xl-2"><div><div class="Story_author_info__jU24D"><span><a class="Story_author__mE5dK" href="https://www.dealstreetasia.com/author/mars-woo/">Mars W. Mosqueda Jr.</a></span><p class="Story_date__RJUPd">24 September, 2024</p></div><div class="ShareBar_wrapper__hS5o5"><a href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Ffubon-life-cathay-life-413092&amp;quote=Fubon%20Life%20offloads%205%20funds%20at%20%24270m%20profit%3B%20Cathay%20Life%20commits%20%2450m%20to%20Summit%20Partners%20vehicle"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M16 8.049c0-4.446-3.582-8.05-8-8.05C3.58 0-.002 3.603-.002 8.05c0 4.017 2.926 7.347 6.75 7.951v-5.625h-2.03V8.05H6.75V6.275c0-2.017 1.195-3.131 3.022-3.131.876 0 1.791.157 1.791.157v1.98h-1.009c-.993 0-1.303.621-1.303 1.258v1.51h2.218l-.354 2.326H9.25V16c3.824-.604 6.75-3.934 6.75-7.951z"></path></svg></a><a href="https://twitter.com/intent/tweet?text=Fubon%20Life%20offloads%205%20funds%20at%20%24270m%20profit%3B%20Cathay%20Life%20commits%20%2450m%20to%20Summit%20Partners%20vehicle&amp;url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Ffubon-life-cathay-life-413092"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 512 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z"></path></svg></a><a href="https://www.linkedin.com/shareArticle?mini=true&amp;url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Ffubon-life-cathay-life-413092&amp;title=Fubon%20Life%20offloads%205%20funds%20at%20%24270m%20profit%3B%20Cathay%20Life%20commits%20%2450m%20to%20Summit%20Partners%20vehicle"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 448 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M100.28 448H7.4V148.9h92.88zM53.79 108.1C24.09 108.1 0 83.5 0 53.8a53.79 53.79 0 0 1 107.58 0c0 29.7-24.1 54.3-53.79 54.3zM447.9 448h-92.68V302.4c0-34.7-.7-79.2-48.29-79.2-48.29 0-55.69 37.7-55.69 76.7V448h-92.78V148.9h89.08v40.8h1.3c12.4-23.5 42.69-48.3 87.88-48.3 94 0 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class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M260.062 32C138.605 32 40.134 129.701 40.134 250.232c0 41.23 11.532 79.79 31.559 112.687L32 480l121.764-38.682c31.508 17.285 67.745 27.146 106.298 27.146C381.535 468.464 480 370.749 480 250.232 480 129.701 381.535 32 260.062 32zm109.362 301.11c-5.174 12.827-28.574 24.533-38.899 25.072-10.314.547-10.608 7.994-66.84-16.434-56.225-24.434-90.052-83.844-92.719-87.67-2.669-3.812-21.78-31.047-20.749-58.455 1.038-27.413 16.047-40.346 21.404-45.725 5.351-5.387 11.486-6.352 15.232-6.413 4.428-.072 7.296-.132 10.573-.011 3.274.124 8.192-.685 12.45 10.639 4.256 11.323 14.443 39.153 15.746 41.989 1.302 2.839 2.108 6.126.102 9.771-2.012 3.653-3.042 5.935-5.961 9.083-2.935 3.148-6.174 7.042-8.792 9.449-2.92 2.665-5.97 5.572-2.9 11.269 3.068 5.693 13.653 24.356 29.779 39.736 20.725 19.771 38.598 26.329 44.098 29.317 5.515 3.004 8.806 2.67 12.226-.929 3.404-3.599 14.639-15.746 18.596-21.169 3.955-5.438 7.661-4.373 12.742-2.329 5.078 2.052 32.157 16.556 37.673 19.551 5.51 2.989 9.193 4.529 10.51 6.9 1.317 2.38.901 13.531-4.271 26.359z"></path></svg></a><a href="https://telegram.me/share/url?url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Ffubon-life-cathay-life-413092&amp;text=Fubon%20Life%20offloads%205%20funds%20at%20%24270m%20profit%3B%20Cathay%20Life%20commits%20%2450m%20to%20Summit%20Partners%20vehicle"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 448 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M446.7 98.6l-67.6 318.8c-5.1 22.5-18.4 28.1-37.3 17.5l-103-75.9-49.7 47.8c-5.5 5.5-10.1 10.1-20.7 10.1l7.4-104.9 190.9-172.5c8.3-7.4-1.8-11.5-12.9-4.1L117.8 284 16.2 252.2c-22.1-6.9-22.5-22.1 4.6-32.7L418.2 66.4c18.4-6.9 34.5 4.1 28.5 32.2z"></path></svg></a></div></div></div><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Taiwanese insurer <a href="https://www.dealstreetasia.com/search/page/1?s=Fubon%20Life%20Insurance&amp;sort_by=recent">Fubon Life Insurance</a> has disposed of its holdings in three USD-denominated and two EUR-denominated funds at an expected profit of about $270 million.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/padmapriya/" target="_blank" rel="noopener noreferrer">Padma Priya</a></span></p></div></div></div><div class="row"><div><div><div class="overlay"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 512 512" class="lock-icon" color="#d3d3d335" style="color:#d3d3d335" height="100" width="100" xmlns="http://www.w3.org/2000/svg"><path d="M376 186h-20v-40c0-55-45-100-100-100S156 91 156 146v40h-20c-22.002 0-40 17.998-40 40v200c0 22.002 17.998 40 40 40h240c22.002 0 40-17.998 40-40V226c0-22.002-17.998-40-40-40zM256 368c-22.002 0-40-17.998-40-40s17.998-40 40-40 40 17.998 40 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in</a></div><div class="mt-2">Contact us for corporate subscriptions at<!-- --> <a href="mailto:subs@dealstreetasia.com">subs@dealstreetasia.com</a></div></div></div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Tue, 24 Sep 2024 18:37:14 GMT</p><div class="print_watermark_overlay"></div><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/fubon-life-cathay-life-413092/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/fubon-life-cathay-life-413092/</guid>
<author>Mars W. Mosqueda Jr.</author>
<category>Private Equity</category>
</item>
<item>
<title>Data Vantage: BillEase, Umami Bioworks, Lhoopa and Pallav Tech in focus</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img alt="Data Vantage: BillEase, Umami Bioworks, Lhoopa and Pallav Tech in focus" sizes="100vw" srcset="https://media.dealstreetasia.com/uploads/2024/07/data-vantage-story-e1722274797249.jpg?fit=980,547&amp;resize=640,undefined&amp;q=75 640w, https://media.dealstreetasia.com/uploads/2024/07/data-vantage-story-e1722274797249.jpg?fit=980,547&amp;resize=750,undefined&amp;q=75 750w, https://media.dealstreetasia.com/uploads/2024/07/data-vantage-story-e1722274797249.jpg?fit=980,547&amp;resize=828,undefined&amp;q=75 828w, https://media.dealstreetasia.com/uploads/2024/07/data-vantage-story-e1722274797249.jpg?fit=980,547&amp;resize=1080,undefined&amp;q=75 1080w, https://media.dealstreetasia.com/uploads/2024/07/data-vantage-story-e1722274797249.jpg?fit=980,547&amp;resize=1200,undefined&amp;q=75 1200w, https://media.dealstreetasia.com/uploads/2024/07/data-vantage-story-e1722274797249.jpg?fit=980,547&amp;resize=1920,undefined&amp;q=75 1920w" src="https://media.dealstreetasia.com/uploads/2024/07/data-vantage-story-e1722274797249.jpg?fit=980,547&amp;resize=1920,undefined&amp;q=75" decoding="async" data-nimg="responsive" class="Story_image__prqFX" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV"></p><div class="NewsletterForm_wrapper__TKadw" style="background-color:#e7f7ff"><div class="NewsletterForm_form_content__mxctJ"><p style="margin-bottom:0px">This web version of the DATA VANTAGE twice-weekly premium newsletter is available only to our premium subscribers. Unlock access by picking up any of our <a href="https://dealstreetasia.com/plans/">premium subscription plans</a>.</p></div></div></div><div class="row"><div class="Story_side_bar_content__rZL__ col-xl-2"><div><div class="Story_author_info__jU24D"><span><a class="Story_author__mE5dK" href="https://www.dealstreetasia.com/author/deepshikha-monga/">Deepshikha Monga</a></span><p class="Story_date__RJUPd">24 September, 2024</p></div><div class="ShareBar_wrapper__hS5o5"><a href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Fdata-vantage-billease-umami-413000&amp;quote=Data%20Vantage%3A%20BillEase%2C%20Umami%20Bioworks%2C%20Lhoopa%20and%20Pallav%20Tech%20in%20focus"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 16 16" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M16 8.049c0-4.446-3.582-8.05-8-8.05C3.58 0-.002 3.603-.002 8.05c0 4.017 2.926 7.347 6.75 7.951v-5.625h-2.03V8.05H6.75V6.275c0-2.017 1.195-3.131 3.022-3.131.876 0 1.791.157 1.791.157v1.98h-1.009c-.993 0-1.303.621-1.303 1.258v1.51h2.218l-.354 2.326H9.25V16c3.824-.604 6.75-3.934 6.75-7.951z"></path></svg></a><a href="https://twitter.com/intent/tweet?text=Data%20Vantage%3A%20BillEase%2C%20Umami%20Bioworks%2C%20Lhoopa%20and%20Pallav%20Tech%20in%20focus&amp;url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Fdata-vantage-billease-umami-413000"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 512 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z"></path></svg></a><a href="https://www.linkedin.com/shareArticle?mini=true&amp;url=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Fdata-vantage-billease-umami-413000&amp;title=Data%20Vantage%3A%20BillEase%2C%20Umami%20Bioworks%2C%20Lhoopa%20and%20Pallav%20Tech%20in%20focus"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 448 512" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path d="M100.28 448H7.4V148.9h92.88zM53.79 108.1C24.09 108.1 0 83.5 0 53.8a53.79 53.79 0 0 1 107.58 0c0 29.7-24.1 54.3-53.79 54.3zM447.9 448h-92.68V302.4c0-34.7-.7-79.2-48.29-79.2-48.29 0-55.69 37.7-55.69 76.7V448h-92.78V148.9h89.08v40.8h1.3c12.4-23.5 42.69-48.3 87.88-48.3 94 0 111.28 61.9 111.28 142.3V448z"></path></svg></a><a href="mailto:?Subject=Data%20Vantage%3A%20BillEase%2C%20Umami%20Bioworks%2C%20Lhoopa%20and%20Pallav%20Tech%20in%20focus&amp;body=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Fdata-vantage-billease-umami-413000"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" class="ShareBar_icon__9x1Ng" height="20px" width="20px" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0z"></path><path d="M20 4H4c-1.1 0-1.99.9-1.99 2L2 18c0 1.1.9 2 2 2h16c1.1 0 2-.9 2-2V6c0-1.1-.9-2-2-2zm0 4l-8 5-8-5V6l8 5 8-5v2z"></path></svg></a><a href="whatsapp://send?text=https%3A%2F%2Fdealstreetasia.com%2Fstories%2Fdata-vantage-billease-umami-413000&amp;title=Data%20Vantage%3A%20BillEase%2C%20Umami%20Bioworks%2C%20Lhoopa%20and%20Pallav%20Tech%20in%20focus"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 512 512" class=& ... |
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<title>Indian VCs adapt to market realities amid tightening investment landscape</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/AMTB9609-1-scaled-e1727179203199.jpg?fit=1000,667&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">(Left to right) Vibhuti Sharma, India Correspondent, DealStreetAsia (Moderator); Rahul Shah, Partner, EvolutionX; Anup Jain, Founding Partner, India focused Early Stage VC; Veenu Mittal, Partner &amp; CFO, Anicut Capital; Anurag Ramdasan, Partner, 3one4 Capital</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Indian venture capitalists are refreshing their investment strategies, shifting from aggressive growth strategies to a sustainable focus on profitability and strong governance, prioritising long-term value creation and transparency in response to market corrections and tighter funding environments, top industry executives said at DealStreetAsia’s Asia PE-VC Summit 2024 in Singapore last week.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/joymitradealstreetasia-com/" target="_blank" rel="noopener noreferrer">Joymitra Rai</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 04:35:39 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/indian-vc-strategy-asia-pe-vc-summit-413176/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/indian-vc-strategy-asia-pe-vc-summit-413176/</guid>
<category>Asia PE-VC Summit 2024</category>
</item>
<item>
<title>Macro headwinds drive investors to 'globalised' healthcare assets</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2017/05/heartbeat-healthcare-pixabay.jpg?fit=980,545&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Heartbeat being electronically monitored. Photo from Pixabay </p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p style="font-weight: 400;">Global strengths have emerged as the top criteria for investing in healthcare, as investors seek business resilience and viable exit routes amid macro market uncertainties, according to LYFE Capital founding &amp; managing partner James Zhao.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/padmapriya/" target="_blank" rel="noopener noreferrer">Padma Priya</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 04:35:39 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/globalised-healthcare-lyfe-capital-413142/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/globalised-healthcare-lyfe-capital-413142/</guid>
<category>Interviews</category>
</item>
<item>
<title>India's Ahammune Biosciences snags $5m round led by deep tech investor pi Ventures</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/woman-showing-her-vitiligo-skin-parts-scaled-e1727182017704.jpg?fit=1000,667&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Source: Freepik</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Ahammune Biosciences, an Indian clinical-stage therapeutics company working on new ways to cure skin diseases, on Wednesday, said it has raised $5 million in a Series A round of funding led by early-stage deep tech-focused investor pi Ventures.</p>
<p>Capital2B, Colossa Ventures, Bipin Agarwal, Unicornus Maximus LLP, and existing investors Ideaspring Capital, Kotak Alternate Assets, Legacy Assets LLP, and IAN also joined the round.</p>
<p>The company said it will use the proceeds to conduct Phase II human clinical trials for its promising drug candidate for vitiligo, a skin depigmenting disorder that currently has no cure. Vitiligo, a chronic condition with unpredictable and recurring appearance of white patches, is prevalent in about 1-2% of the global population.</p>
<p>“India is not known for drug discovery. We are just used to taking things that are developed in other parts of the world, copying them, and taking them forward here in the form of generics. That is something that is changing now, and we are just a small part to change that. We want to change the perception of India as not merely a generics capital, but a discovery capital,” Parul Ganju, co-founder and CEO of Ahammune told DealStreetAsia in an interaction.</p>
<p>In addition to vitiligo, Ahammune claims to be developing a strong pipeline of patented molecules to treat other dermatological and autoimmune diseases.</p>
<p>“Raising funding for a biotech company is always challenging, and this time has been no exception. While it has been difficult, a positive outcome of this round is that we were oversubscribed. This indicates that it is a good time for biotech funding,” Ganju said.</p>
<p>the firm will use the funding corpus to support its commercialisation efforts over the next two years following the phase two clinical trials. “After that, we can pursue a larger funding round to commercialise the drug independently, which will necessitate another set of clinical trials. Alternatively, we could partner with a pharmaceutical company to co-develop the drug, which would help expand its reach. Once commercialised, the drug can reach a wider audience both domestically and globally,” she added.</p>
<p>pi Ventures, which led the round through its <a href="https://www.dealstreetasia.com/stories/pi-ventures-raises-85m-356098">$85 million fund</a>, has made at least 13 investments from the fund, with another 10-15 more to go, managing director Roopan Aulakh told DealStreetAsia.</p>
<p>pi Ventures, which has invested in many deep tech startups such as Agnikul, Wysa and Ai Palette, is seeing positive changes in the still nascent deep tech industry in India.</p>
<p>“We are witnessing an increase in not just limited partners (LPs) but also growth-stage investors, along with numerous corporate VCs interested in the deep tech narrative emerging from India. We have certain advantages in building businesses here; talent is not an issue, and there are cost advantages as well,” Aulakh said.</p>
</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/padmapriya/" target="_blank" rel="noopener noreferrer">Padma Priya</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 04:35:39 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/ahammune-biosciences-pi-ventures-413204/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/ahammune-biosciences-pi-ventures-413204/</guid>
<category>Venture Capital</category>
</item>
<item>
<title>SG cybersecurity firm Blackpanda raises $6.7m more in Series A funding</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2022/05/Screen-Shot-2022-05-17-at-8.38.52-AM.png?fit=1025,573&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo by RoonZ nl on Unsplash</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Singapore-based cyber emergency response firm <a href="https://www.dealstreetasia.com/search/page/1?s=Blackpanda&amp;sort_by=recent">Blackpanda</a> has announced raising $6.7 million more in its Series A funding round, bringing the round’s total size to $21.7 million.</p>
<p>The latest strategic funding came from <a href="https://www.dealstreetasia.com/search/page/1?s=Singtel%20Innov8&amp;sort_by=recent">Singtel Innov8</a>, the corporate venture arm of Singapore Telecommunications; real estate private equity firm <a href="https://www.dealstreetasia.com/search/page/1?s=Gaw%20Capital%20Partners&amp;sort_by=recent">Gaw Capital Partners</a>; and <a href="https://www.dealstreetasia.com/search/page/1?s=WI%20Harper%20Group&amp;sort_by=recent">WI Harper Group</a>, an early-stage venture capital firm based in the US and Taiwan.</p>
<p>Blackpanda, founded in 2015, provides cyber security incident response focusing on digital forensics and cyber crisis.</p>
<p>The company said it will use the fresh funds to accelerate its expansion across Asia and enhance its cyber security solution, IR-1, among others. It already has offices in Singapore, Hong Kong, Tokyo, Manila, and San Francisco.</p>
<p>In 2023, the firm locked up <a href="https://www.dealstreetasia.com/stories/blackpanda-series-a-round-325606/">$15 million in its Series A round</a> anchored by Primavera Venture Partners, the VC arm of China-based investment firm Primavera Capital Group, and Gaw Capital Partners.</p>
<p>Blackpanda said its IR-1 addresses the entire cyber-attack lifecycle. It integrates proactive attack surface management, incident response service, and automated access to Lloyd’s of London-backed cyber insurance.</p>
<p>The company’s founder and CEO, Gene Yu, said cyber-attacks are an existential threat to businesses, yet most lack access to affordable emergency response services.</p>
<p>“We envision a world where every business has access to essential cyber protection, and this funding brings us closer to realising that vision,” Yu added.</p>
<p>The funding, according to the announcement, coincides with the integration of Blackpanda Underwriting, Asia’s first “pure play” cyber risk underwriting coverholder backed by Chaucer of Lloyd’s of London, into the Blackpanda Group.</p>
<p>“This completes Blackpanda’s comprehensive cyber resilience offering, delivering a single solution for businesses to address critical challenges before, during, and after a cyber-attack,” the company said.</p>
<p>Blackpanda’s funding comes as the Cyber Security Agency of Singapore said more than 80% of the 2,036 organisations it surveyed in 2023 faced a cybersecurity incident that year.</p>
<p>Of these, 99% said that they suffered negative effects on their operations such as business disruptions, data loss, and reputational damage.</p>
</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/pramod-mathew/" target="_blank" rel="noopener noreferrer">Pramod Mathew</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 04:35:38 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/blackpanda-series-a-funding-413272/</link>
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<category>Venture Capital</category>
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<title>MDI Ventures takes an investment break amid parent Telkom's strategic review</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2023/01/AA-e1673424750192.jpg?fit=979,587&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Aldi Adrian Hartanto, partner at Arise and vice president of investments at MDI Ventures. (Photo courtesy of MDI Ventures)</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>MDI Ventures, the corporate venture capital arm of Indonesian state-owned telecom firm Telkom, has refrained from making any new investments in the past several months. Additionally, there is also a delay in transferring funds to its investee companies.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/pramod-mathew/" target="_blank" rel="noopener noreferrer">Pramod Mathew</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 04:35:39 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/mdi-investment-break-telkom-scrutiny-412183/</link>
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<category>Analysis</category>
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<title>Warburg Pincus exits India's CarTrade Tech in $45m share sale</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2018/07/used-cars-reu-e1641514728427.jpg?fit=978,494&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo: Reuters</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>U.S.-based private equity firm Warburg Pincus’s unit sold its entire 8.6% stake in Indian automobile portal CarTrade Tech on Tuesday through a bulk deal worth 3.75 billion rupees ($44.86 million), according to NSE data.</p>
<p>As of June 30, Warburg Pincus owned more than 4 million shares in CarTrade through its unit Highdell Investment, making it the company’s second-largest shareholder, according to LSEG data.</p>
<p>Highdell sold its entire stake for 920.3 rupees per share, a nearly 6% discount to CarTrade’s closing price on Monday.</p>
<p>Mirae Asset Mutual Fund purchased over 3 million shares at an average price of 920 rupees per share.</p>
<p>($1 = 83.5930 Indian rupees)</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 04:35:38 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/warburg-pincus-cartrade-413239/</link>
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<category>India</category>
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<title>Macquarie to take minority stake in D.E. Shaw's green energy arm for up to $1.73b</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/08/hero-careers-philadelphia-office2.jpeg?fit=1056,594&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Source: Macquarie's website</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Macquarie Group’s asset management division is taking a minority stake in the green-energy arm of U.S. investor D.E. Shaw for an equity investment of as much as $1.73 billion, the Australian company said on Tuesday.</p>
<p>The deal, subject to regulatory approvals, is being struck between funds managed by Macquarie Asset Management and D.E. Shaw Renewable Investments (DESRI), which according to Macquarie has a development pipeline of over 25 gigawatts.</p>
<p>Macquarie’s investment comes at a time when global firms are facing the brunt of rising geopolitical turbulence, high borrowing costs and sticky inflation.</p>
<p>The investment shows strong demand from corporations and governments to adopt cleaner sources of power and combat climate change.</p>
<p>“We believe that this partnership with DESRI well-positions Macquarie Asset Management to capture this opportunity and help accelerate the transition to net zero,” said William Demas, head of Macquarie Asset Management Green Investments for the Americas.</p>
<p>“With the growth of the renewable energy market, suppliers and customers are seeking trusted partners that can scale and consolidate the market.”</p>
<p>DESRI operates across 24 states with over 10 gigawatts of generation capacity, according to its website.</p>
<p>Bloomberg News first reported on the investment earlier on Tuesday.</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 04:35:38 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/macquarie-d-e-shaw-413243/</link>
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<category>World</category>
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<title>Bain-backed Japanese chipmaker Kioxia scraps plans for October IPO: report</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/Kioxia-scaled-e1727174704542.jpg?fit=940,565&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">FILE PHOTO: Japanese chipmaker Kioxia's logo and promotional video on a screen are pictured at its headquarters in Tokyo, Japan, September 30, 2021. REUTERS/Kim Kyung-Hoon/File Photo</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Bain-backed memory chipmaker<span class="highlight" data-qa-component="highlight-text">&nbsp;Kioxia&nbsp;</span>has scrapped its plan for an initial public offering (IPO) in October, three sources familiar with the matter said.</p>
<p>Bain had been targeting a market value of 1.5 trillion yen ($10.39 billion) for<span class="highlight" data-qa-component="highlight-text">&nbsp;Kioxia&nbsp;</span>but the recent sell-off in shares of its listed peers has made that pricing challenging, two of the sources said.</p>
<p>Shares in Samsung Electronics, SK Hynix and Micron Technology are down roughly a third from recent highs.</p>
<p><span class="highlight" data-qa-component="highlight-text">Kioxia&nbsp;</span>had been targeting an IPO in late October, Reuters has reported previously.</p>
<p>Bain declined to comment.<span class="highlight" data-qa-component="highlight-text">&nbsp;Kioxia&nbsp;</span>said it is preparing to list at the appropriate time.</p>
<p>Japan’s stock market suffered a historic rout in early August, sparked by a surprise rate hike and fears of a U.S. recession, before regaining ground.</p>
<p>The benchmark index is up around 13% year-to-date.</p>
<p>Subway operator Tokyo Metro and X-ray testing tool maker Rigaku are aiming to raise a combined $3.1 billion in IPOs next month.</p>
<p>The two deals, if successful, will more than double the value of IPOs launched in Japan so far in 2024, according to LSEG data.</p>
<p><span class="highlight" data-qa-component="highlight-text">Kioxia</span>, which has been hammered by a slump in the memory chip market, has reported improving results as average selling prices increase.</p>
<p>The chipmaker has a 14% share in the flash memory market, according to TrendForce.</p>
<p><span class="highlight" data-qa-component="highlight-text">Kioxia</span>, previously Toshiba Memory, was sold by Toshiba to a consortium led by Bain Capital for $18 billion in 2018.</p>
<p>Plans to IPO were postponed in 2020 amid uncertainty in the global chip market stemming from U.S-China tensions.</p>
<p>Merger talks with Western Digital stalled last October because SK Hynix opposed the deal.</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 04:35:39 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/kioxia-scraps-october-ipo-plans-413181/</link>
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<category>Rest of Asia</category>
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<title>Thailand’s 10 Bridge Capital secures $195m first close of latest PE fund</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/IMG_6511-2.jpg?fit=1440,863&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo by Pimfha Chan</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><span style="font-weight: 400;">Thailand’s 10 Bridge Capital (formerly Hatton Equity Partners) has garnered $195 million in the first close of its fourth Thailand-focused private equity fund, defying <a href="https://www.dealstreetasia.com/stories/private-equity-in-se-asia-h1-2024-review-summary-411882">the challenging fundraising climate</a> for Southeast Asian fund managers.</span></p>
<p><span style="font-weight: 400;">The Bangkok-based private equity firm is planning to raise $250 million in total for 10 Bridge Fund IV, which will invest in buyout and growth equity deals in Thai businesses, according to its partner Samon Suwannarat. The fund’s first milestone, which accounts for 78% of the target, was backed by existing investors and relationships.</span></p>
<p><!--more--></p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/pramod-mathew/" target="_blank" rel="noopener noreferrer">Pramod Mathew</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 04:35:40 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/10-bridge-capital-first-close-412499/</link>
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<category>Thailand</category>
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<title>Fubon Life offloads 5 funds at $270m profit; Cathay Life commits $50m to Summit Partners vehicle</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2021/04/taipei-101-e1627949602278.jpeg?fit=1024,607&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Taipei. Photo: Unsplash</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Taiwanese insurer <a href="https://www.dealstreetasia.com/search/page/1?s=Fubon%20Life%20Insurance&amp;sort_by=recent">Fubon Life Insurance</a> has disposed of its holdings in three USD-denominated and two EUR-denominated funds at an expected profit of about $270 million.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/padmapriya/" target="_blank" rel="noopener noreferrer">Padma Priya</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 04:35:39 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/fubon-life-cathay-life-413092/</link>
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<category>Greater China</category>
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<title>General Atlantic plans Abu Dhabi office by year-end</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2017/11/abu-dhabi-reu.jpg?fit=800,469&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">REUTERS/Ahmed Jadallah</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>General Atlantic plans to open an Abu Dhabi office by the end of the year and move a dealmaker from London as an inaugural member of the new team, two sources familiar with the matter said.</p>
<p>The New York-based private equity firm, which manages funds totalling $83 billion, has received preliminary approval for a license to operate out of the Abu Dhabi Global Market (ADGM), the sources told Reuters.</p>
<p>Final approval is expected by the end of 2024, they said.</p>
<p>Details of General Atlantic’s license application are available on the ADGM’s online public register. Representatives for General Atlantic declined to comment.</p>
<p>General Atlantic will join other global asset managers and hedge funds which have set up in the UAE capital’s financial centre, lured by opportunities to deepen relationships with its sovereign wealth funds as other funding for buyouts dries up.</p>
<p>Abu Dhabi, which generates most of the Gulf state’s oil wealth, is home to some of the world’s biggest funds including Abu Dhabi Investment Authority (ADIA) and state investor Mubadala, which together manage more than $1 trillion in assets.</p>
<p>General Atlantic is being backed by asset manager Mubadala Capital, the sources said.</p>
<p>ADGM said in an emailed statement it offers “relevant public information on the status of registered and licensed entities,” adding it “continues to provide a welcoming and progressive ecosystem” for an increasing number of firms.</p>
<p>General Atlantic plans to relocate managing director Karim Boueiz to the Abu Dhabi office from London, where he currently focuses on its Capital Solutions strategy, the sources said.</p>
<p>A spokesperson for General Atlantic said that Boueiz was currently based in London, where he leads the firm’s fundraising for the Middle East, without elaborating on a timeframe for his potential relocation.</p>
<p>Samir Assaf, also London-based, was appointed chairman of General Atlantic’s Middle East business in February 2023.</p>
<p>While the Gulf had previously been a place where buyout groups would go to raise money to invest in other markets, they are now looking to build teams on the ground, invest in local businesses and help develop the region’s asset managers.</p>
<p>ADGM has become a magnet for millionaires, bankers and hedge funds, driven by a post-pandemic economic rebound, the UAE’s relative flexibility to evolving business needs, its convenient time zones and income tax-free status.</p>
<p>Big names include Ray Dalio, the billionaire and founder of hedge fund Bridgewater Associates, who opened a branch of his family office in the city last year, and Brevan Howard.</p>
<p>General Atlantic’s first Middle East investment was in 2015 with the acquisition of a 49% stake in payments solutions provider Network International, which has since been sold to a consortium led by Brookfield BAM.TO.</p>
<p>It has also invested in real estate search platform Property Finder and Turkish marketplace and e-commerce platform Trendyol.</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 04:35:40 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/general-atlantic-abu-dhabi-413095/</link>
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<category>World</category>
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<title>Brookfield raises $2.4b in initial close for UAE-backed climate fund</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2023/11/brookfield-asset-management-offices-mumbai-1-1200x799-compact.jpeg?fit=1200,799&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Source: Office Snapshots</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><span class="highlight" data-qa-component="highlight-text">Brookfield&nbsp;</span>Asset Management said on Monday it has raised $2.4<span class="highlight" data-qa-component="highlight-text">&nbsp;billion&nbsp;</span>for the Catalytic Transition<span class="highlight" data-qa-component="highlight-text">&nbsp;Fund&nbsp;</span>(CTF), which is<span class="highlight" data-qa-component="highlight-text">&nbsp;backed&nbsp;</span>by the United Arab Emirates and aims to scale up<span class="highlight" data-qa-component="highlight-text">&nbsp;climate&nbsp;</span>finance in emerging markets.</p>
<p>CTF was launched at the COP28<span class="highlight" data-qa-component="highlight-text">&nbsp;climate&nbsp;</span>talks in Dubai last December and was anchored by a $1<span class="highlight" data-qa-component="highlight-text">&nbsp;billion&nbsp;</span>commitment from ALTERRA, a $30<span class="highlight" data-qa-component="highlight-text">-billion </span><span class="highlight" data-qa-component="highlight-text">UAE</span>-based<span class="highlight" data-qa-component="highlight-text">&nbsp;climate&nbsp;</span><span class="highlight" data-qa-component="highlight-text">fund</span>.</p>
<p>ALTERRA, which was also announced during last year’s<span class="highlight" data-qa-component="highlight-text">&nbsp;climate&nbsp;</span>summit, aims to attract $250<span class="highlight" data-qa-component="highlight-text">&nbsp;billion&nbsp;</span>of investment by the end of the decade. It was established by Abu Dhabi-based alternative investment manager Lunate.</p>
<p><span class="highlight" data-qa-component="highlight-text">Brookfield&nbsp;</span>said in a statement the initial closing of $2.4<span class="highlight" data-qa-component="highlight-text">&nbsp;billion&nbsp;</span>marked “a significant milestone towards the target of raising up to $5<span class="highlight" data-qa-component="highlight-text">&nbsp;billion&nbsp;</span>for deployment towards clean energy and transition assets in emerging markets.”</p>
<p>Canada’s Caisse de dépôt et placement du Québec, Prudential and Singapore’s Temasek and GIC were among investors joining as additional investment partners for CTF, the statement said.</p>
<p>The CTF<span class="highlight" data-qa-component="highlight-text">&nbsp;fund&nbsp;</span>is expected to announce its initial investments later in 2024,<span class="highlight" data-qa-component="highlight-text">&nbsp;Brookfield&nbsp;</span>said, adding a traditional first close with further capital from its ongoing<span class="highlight" data-qa-component="highlight-text">&nbsp;fund</span>raising efforts was expected by early next year.</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 04:35:40 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/brookfield-raises-2-4b-in-initial-close-for-uae-backed-climate-fund-413037/</link>
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<category>Rest of Asia</category>
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<title>IFC proposes $59m loan package to Chinese chemical shipping firm Xingtong</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2018/05/IFC-window--e1621558898879.jpg?fit=979,499&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">IFC/World Bank HQ. Photo: IFC</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>World Bank Group member <a href="https://www.dealstreetasia.com/search/page/1?s=International%20Finance%20Corporation&amp;sort_by=recent">International Finance Corporation</a> (IFC) has proposed a $59-million green loan package to subsidiaries of Chinese chemical shipping firm <a href="https://www.dealstreetasia.com/search/page/1?s=Xingtong%20Shipping%20Co%20Ltd&amp;sort_by=recent">Xingtong Shipping Co Ltd</a>, according to a disclosure.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/pramod-mathew/" target="_blank" rel="noopener noreferrer">Pramod Mathew</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 04:35:38 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/ifc-loan-xingtong-413265/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/ifc-loan-xingtong-413265/</guid>
<category>Greater China</category>
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<item>
<title>65 Equity Partners in talks to back SG home appliances startup PRISM+</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/prism-e1727171827390.jpg?fit=940,564&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Source: PRISM+'s social media page</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><span style="font-weight: 400;">Temasek-backed 65 Equity Partners is weighing an investment in Singaporean home appliance maker PRISM+, according to multiple sources familiar with the matter.</span></p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/pramod-mathew/" target="_blank" rel="noopener noreferrer">Pramod Mathew</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 04:35:38 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/65-equity-partners-prism-412943/</link>
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<category>Singapore</category>
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<title>Chinese used goods platform Zhuanzhuan acquires smaller player Plum</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/luis-otto-qOVVlOJg8_0-unsplash-scaled.jpg?fit=2560,1440&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Image by luis otto from Unsplash. </p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><span style="font-weight: 400;">Zhuanzhuan Group, an online used-goods trading platform affiliated to Chinese online classifieds marketplace 58.com, has acquired luxury resale platform Plum, also known as Hongbulin.&nbsp;</span></p>
<p><span style="font-weight: 400;">The acquisition helps Zhuanzhuan Group, which previously injected $100 million into Plum through a Series C funding round in November 2022, tap into the country’s burgeoning luxury resale market, according to a release shared by Plum on Monday.&nbsp;</span></p>
<p><span style="font-weight: 400;">Co-founded by Xu Wei — who previously served a stint as investment director at Chinese VC firm Sinovation Ventures — in 2017, Plum operates in both the consumer-to-business-to-consumer (C2B2C) and business-to-business-to-consumer (B2B2C) models. The Beijing-based firm enables consumers to buy used luxury goods and provides businesses and merchants a one-stop e-commerce solution.&nbsp;</span></p>
<p><span style="font-weight: 400;">Xu will no longer serve as Plum’s CEO post-acquisition. Xu will take over the position of consultant to help Plum through the transition period; while </span>Hu Weikun<span style="font-weight: 400;">, Zhuanzhuan’s co-founder and COO, will be also serving as Plum’s new CEO.&nbsp;&nbsp;&nbsp;</span></p>
<p><span style="font-weight: 400;">Zhuanzhuan Group CEO Huang Wei said in the release that Plum has carved out its niche in authenticating pre-owned luxury goods since its establishment. Going forward, Plum will continue to operate independently from Zhuanzhuan.&nbsp;</span></p>
<p><span style="font-weight: 400;">Before the Series C round in 2022, Plum snapped ‘tens of millions of US dollars’ in a Series B2 round from “a notable USD-denominated FOF”, Recruit, MPC (previously known as Matrix Partners China), Qiming Venture Partners, and Unity Ventures in December 2020.&nbsp;&nbsp;</span></p>
<p><span style="font-weight: 400;">Zhuanzhuan, as well as Alibaba Group’s Xianyu, have emerged to be the two most popular second-hand goods online marketplaces in China, contributing to a total of 90.9% of the market share, according to a report published by Chinese state-owned securities brokerage firm Shenwan Hongyuan.&nbsp;&nbsp;</span></p>
</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/padmapriya/" target="_blank" rel="noopener noreferrer">Padma Priya</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 04:35:38 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/zhuanzhuan-hongbulin-413180/</link>
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<category>Greater China</category>
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<title>Chinese food delivery firm Meituan looking to raise up to $2b in dollar bond deal</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/04/2024-04-26T052138Z_1_LYNXNPEK3P04D_RTROPTP_4_CHINA-ROBOTS-scaled.jpg?fit=2560,1709&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">FILE PHOTO: Visitors stand near a booth of Meituan at the 2022 World Robot Conference in Beijing, China August 18, 2022. REUTERS/Tingshu Wang/File Photo</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><span class="highlight" data-qa-component="highlight-text">China’s&nbsp;</span><span class="highlight" data-qa-component="highlight-text">Meituan&nbsp;</span>is aiming to<span class="highlight" data-qa-component="highlight-text">&nbsp;raise&nbsp;</span><span class="highlight" data-qa-component="highlight-text">up&nbsp;</span>to $2<span class="highlight" data-qa-component="highlight-text">&nbsp;billion&nbsp;</span>in a 3.5- and 5-year<span class="highlight" data-qa-component="highlight-text">&nbsp;dollar&nbsp;</span><span class="highlight" data-qa-component="highlight-text">bond&nbsp;</span><span class="highlight" data-qa-component="highlight-text">deal</span>, according to two<span class="highlight" data-qa-component="highlight-text">&nbsp;sources&nbsp;</span>with direct knowledge of the matter and a term sheet seen by Reuters on Tuesday.</p>
<p>The<span class="highlight" data-qa-component="highlight-text">&nbsp;sources&nbsp;</span>declined to be identified as the information has not been made public.</p>
<p><span class="highlight" data-qa-component="highlight-text">Meituan</span>, the food delivery company, did not immediately respond to a request for comment from Reuters.</p>
<p>The company is planning to<span class="highlight" data-qa-component="highlight-text">&nbsp;raise&nbsp;</span>$1<span class="highlight" data-qa-component="highlight-text">&nbsp;billion&nbsp;</span>from each of the tranches, the<span class="highlight" data-qa-component="highlight-text">&nbsp;sources&nbsp;</span>said.</p>
<p>Initial price guidance for the 3.5-year<span class="highlight" data-qa-component="highlight-text">&nbsp;bond&nbsp;</span>is 3-year Treasuries plus about 145 basis points. For the longer-dated<span class="highlight" data-qa-component="highlight-text">&nbsp;bond</span>, guidance is 5-year Treasuries plus about 160 basis points.</p>
<p><span class="highlight" data-qa-component="highlight-text">Meituan&nbsp;</span>plans to use the funds to refinance<span class="highlight" data-qa-component="highlight-text">&nbsp;up</span>coming offshore debt, the term sheet said.</p>
<p>The company has a $1.48<span class="highlight" data-qa-component="highlight-text">&nbsp;billion&nbsp;</span>2027 convertible<span class="highlight" data-qa-component="highlight-text">&nbsp;bond&nbsp;</span>that becomes callable next year and some of the funds<span class="highlight" data-qa-component="highlight-text">&nbsp;raise</span>d in this<span class="highlight" data-qa-component="highlight-text">&nbsp;deal&nbsp;</span>will be used to finance that event, one of the<span class="highlight" data-qa-component="highlight-text">&nbsp;sources&nbsp;</span>said.</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 04:35:38 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/chinese-food-delivery-firm-meituan-looking-to-raise-up-to-2b-in-dollar-bond-deal-413185/</link>
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<category>Greater China</category>
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<title>KKR, GIC hire banks to sell stakes in $3.2b Metro Pacific Health</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2020/04/healthcare-e1673962580763.jpeg?fit=1000,592&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Source: Olga Kononenko/Unsplash</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>KKR &amp; Co and Singaporean sovereign wealth fund GIC have appointed Bank of America, Jefferies, and UBS to sell their majority stake in the Philippines’ Metro Pacific Health in a deal that could value the company at $3.2 billion, three people with knowledge of the matter said.</p>
<p>A sale process could start as early as the fourth quarter of this year, or the first quarter of 2025, one of the people said.</p>
<p>Global investment firm KKR and GIC together hold an 80% stake in Metro Pacific Health, the Philippines’s largest private healthcare group, the source said.</p>
<p>Philippines’ infrastructure group Metro Pacific Investments Corp owns the remaining 20% stake in Metro Pacific Health, according to the former company’s website.</p>
<p>Bank of America, UBS, GIC, and KKR declined to comment. Jefferies, Metro Pacific Health, and Metro Pacific Investments Corp did not respond to immediate requests for comment.</p>
<p>Founded in 2007, Metro Pacific Health runs 24 hospitals including Makati Medical Center and Davao Doctors Hospital, according to its website.</p>
<p>It also has 31 outpatient care centers, six cancer care centers, two allied health colleges, and a centralized laboratory, its website showed.</p>
<p>KKR and GIC first invested in Metro Pacific Health in 2019 for a total of $680 million, according to statements at that time.</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 04:35:38 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/kkr-gic-metro-pacific-health-413163/</link>
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<category>Philippines</category>
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<title>Country Garden Services to sell its 1.49% stake in Zhuhai Wanda for $446m</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/China-real-estate-scaled-e1727235916388.jpg?fit=940,599&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">FILE PHOTO: A drone view of an under-construction residential development by Country Garden in Shanghai, China February 29, 2024. REUTERS/Xihao Jiang/File Photo ... |
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<title>Macro headwinds drive investors to 'globalised' healthcare assets</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2017/05/heartbeat-healthcare-pixabay.jpg?fit=980,545&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Heartbeat being electronically monitored. Photo from Pixabay </p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p style="font-weight: 400;">Global strengths have emerged as the top criteria for investing in healthcare, as investors seek business resilience and viable exit routes amid macro market uncertainties, according to LYFE Capital founding &amp; managing partner James Zhao.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/padmapriya/" target="_blank" rel="noopener noreferrer">Padma Priya</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 13:09:57 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/globalised-healthcare-lyfe-capital-413142/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/globalised-healthcare-lyfe-capital-413142/</guid>
<category>Interviews</category>
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<title>Indian VCs adapt to market realities amid tightening investment landscape</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/AMTB9609-1-scaled-e1727179203199.jpg?fit=1000,667&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">(Left to right) Vibhuti Sharma, India Correspondent, DealStreetAsia (Moderator); Rahul Shah, Partner, EvolutionX; Anup Jain, Founding Partner, India focused Early Stage VC; Veenu Mittal, Partner &amp; CFO, Anicut Capital; Anurag Ramdasan, Partner, 3one4 Capital</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Indian venture capitalists are refreshing their investment strategies, shifting from aggressive growth strategies to a sustainable focus on profitability and strong governance, prioritising long-term value creation and transparency in response to market corrections and tighter funding environments, top industry executives said at DealStreetAsia’s Asia PE-VC Summit 2024 in Singapore last week.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/joymitradealstreetasia-com/" target="_blank" rel="noopener noreferrer">Joymitra Rai</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 13:09:53 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/indian-vc-strategy-asia-pe-vc-summit-413176/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/indian-vc-strategy-asia-pe-vc-summit-413176/</guid>
<category>Asia PE-VC Summit 2024</category>
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<title>India: Rigel Capital leads $25m funding in adtech startup AdOnMo</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/adonmo.jpg?fit=944,694&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">AdOnMo Co-Founders: Sravanth Gajula &amp; Sandeep Bommireddi</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><a href="https://www.dealstreetasia.com/countries/india">AdOnMo</a>, a digital advertising network, has secured $25 million in a funding round led by <a href="https://www.dealstreetasia.com/countries/india">Rigel Capital</a>, alongside existing investors, it announced on Wednesday.</p>
<p>The latest financing follows AdOnMo’s $15-million Series B in 2022, which saw participation from food delivery giant Zomato.</p>
<p>The company will use the fresh capital proceeds to expand its operations to 40 cities and increase its screen network to 100,000 displays, targeting more than 30 million unique viewers, it said in a statement.</p>
<p>Founded in 2017, AdOnMo claims to offer targeted campaigns that maximise audience engagement through precision targeting, measurable ROI, and offline-online integration. Its platform harnesses hyperlocal intelligence to place ads in geographically relevant locations, enabling advertisers to connect with their ideal audience more effectively.</p>
<p>AdOnMo has expanded to 24 cities, boasting over 50,000 digital displays that deliver hyperlocal, data-driven advertising solutions to brands across India.</p>
<p>“Ambient contextual advertising is rapidly becoming a pivotal element in brand strategy, and we are leading the charge in this transformation. With this fundraise, we are poised to engage over 30 million urban consumers, delivering exceptional value and amplifying brand impact for our advertisers,” said Sravanth Gajula, co-founder, AdOnMo.</p>
<p>“Their focus on hyperlocal intelligence and advanced technological infrastructure aligns seamlessly with our cross-border synergy creation strategy. We look forward to supporting AdOnMo as it continues to disrupt and lead the Indian DOOH advertising market,” added Sebastian Togelang, founding partner of Rigel Capital.</p>
<p>Rigel Capital backs hyper-growth companies in emerging Asia, with a focus on Southeast Asia, India, and the Middle East. The firm covers supply chain, logistics, green mobility, e-commerce enablement, and numerous other technology verticals.</p>
</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/joymitradealstreetasia-com/" target="_blank" rel="noopener noreferrer">Joymitra Rai</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 13:09:53 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/rigel-capital-adonmo-413312/</link>
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<category>Venture Capital</category>
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<title>Silicon Valley's Tribe Capital, Oister Global to launch $500m secondary fund in India</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/money-5530537_1280.png?fit=1280,916&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo credit: Pixabay</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>US-based venture capital firm Tribe Capital, which has a dedicated India investment vehicle, has partnered with homegrown investment firm Oister Global to launch a new fund focused on secondary transactions in India.</p>
<p>Together, Tribe Capital and Oister Global will invest $500 million in the next two years.</p>
<p>The Indian secondary market has steadily become a substantive source of funding. In the last 4–5 years, $7.7 billion has been transacted – a number that rivals total amounts raised via IPO exits during the same period, the firms said in a joint statement.</p>
<p>“Secondaries will be the tipping point for qualified investors to enter private markets, just as IPOs have revolutionised access to public markets,” said Sandeep Sinha, Co-CEO of Oister.</p>
<p>Globally, the secondaries’ market is estimated at over $130 billion, while India’s secondaries are still at an early stage. The launch of this franchise seeks to capitalise on the growing demand and bring unparalleled expertise to the table.</p>
<p>“The Indian private equity and venture capital sectors are ripe for secondaries, with increasing numbers of investors seeking to monetise their positions. In the first half of 2024, 62% of startup deals valued between $50-500 million were secondary transactions or buyouts. As companies with strong unit economics prepare for potential IPOs, we expect demand for secondaries to soar,” said Raj Snehil Juneja, co-founder of Tribe Capital India.</p>
<p>Earlier this year, <a href="https://www.dealstreetasia.com/stories/tribe-capital-first-india-fund-384291">DealStreetAsia</a> reported that Tribe Capital is looking to launch a fund dedicated to the country with a target corpus of $150 million.</p>
<p>Tribe Capital has been so far investing in India through its three global venture funds that have a combined corpus of over $800 million.</p>
<p>It is understood to have invested over $1.5 billion across diverse markets and has backed 13 unicorns, of which two are in India. These include Shiprocket, a logistics tech platform headquartered in Bengaluru; and online trucking platform BlackBuck.</p>
<p>The firm’s portfolio companies include Khatabook, a digital ledger app that helps micro, small and medium-sized businesses track transactions; health and insurtech startup Loop Health; and Krab, a SaaS and fintech startup that enables truckers/trucking companies with no formal credit score to access loans from banks.</p>
<p><a href="https://www.dealstreetasia.com/stories/oister-global-launches-fund-394065">Oister Global</a> floated a new fund worth $53 million in April to fuel innovations across consumption-driven and emerging technology-led sectors. Founded by Rohit Bhayana and Sandeep Sinha, Oister has previously invested in funds like Blume Ventures and Stride Ventures.</p>
</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/joymitradealstreetasia-com/" target="_blank" rel="noopener noreferrer">Joymitra Rai</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 13:09:53 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/tribe-capital-oister-global-413298/</link>
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<category>Private Equity</category>
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<title>Canada's Northleaf opens Seoul office, hires Seraya Partners executive</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/scenery-1214950_1280.jpg?fit=1103,625&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Seoul, South Korea. Photo from Pixabay.</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Canadian private markets investment firm Northleaf Capital Partners has opened an office in Seoul, South Korea to tap limited partners (LPs) from this region.</p>
<p>The new office—its tenth globally—adds to the firm’s existing Asia-Pacific locations in Australia and Japan.</p>
<p>The Seoul office is led by Chung-hyun Lee, former managing director at Asian infrastructure investor Seraya Partners. Lee, who joined Northleaf this year, has also worked for the Korea Investment Corporation, the country’s sovereign wealth fund.</p>
<p>Lee reports to Northleaf’s managing director and head of Asia-Pacific Jeff Pentland, who is based in Tokyo.</p>
<p>“We have been very pleased with the strong interest from investors throughout Asia and the warm reception of our Tokyo office launch in 2022. As we indicated at the time, establishing a presence in Seoul was the natural next step,” Pentland said in a statement.</p>
<p>Northleaf has to date raised $26 billion in private equity, private credit, and infrastructure commitments. The firm’s LPs include public, corporate and multi-employer pension plans, endowments, foundations, financial institutions and family offices.</p>
<p>In an <a href="https://www.dealstreetasia.com/stories/northleaf-capital-apac-investors-321980">interview with DealStreetAsia</a> in 2022, Pentland had said the percentage of APAC clients in Northleaf’s overall capital was in single digits. However, he saw a growing desire for diversification, particularly mid-market opportunities, from institutions in this region.</p>
<p>Northleaf’s investment programme focuses on the developed markets of North America and Western Europe.</p>
</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/pramod-mathew/" target="_blank" rel="noopener noreferrer">Pramod Mathew</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 13:09:52 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/northleaf-opens-seoul-office-413268/</link>
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<category>People</category>
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<title>Silicon Valley's Tribe Capital, Oister Global to launch $500m secondary fund in India</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/money-5530537_1280.png?fit=1280,916&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo credit: Pixabay</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>US-based venture capital firm Tribe Capital, which has a dedicated India investment vehicle, has partnered with homegrown investment firm Oister Global to launch a new fund focused on secondary transactions in India.</p>
<p>Together, Tribe Capital and Oister Global will invest $500 million in the next two years.</p>
<p>The Indian secondary market has steadily become a substantive source of funding. In the last 4–5 years, $7.7 billion has been transacted – a number that rivals total amounts raised via IPO exits during the same period, the firms said in a joint statement.</p>
<p>“Secondaries will be the tipping point for qualified investors to enter private markets, just as IPOs have revolutionised access to public markets,” said Sandeep Sinha, Co-CEO of Oister.</p>
<p>Globally, the secondaries’ market is estimated at over $130 billion, while India’s secondaries are still at an early stage. The launch of this franchise seeks to capitalise on the growing demand and bring unparalleled expertise to the table.</p>
<p>“The Indian private equity and venture capital sectors are ripe for secondaries, with increasing numbers of investors seeking to monetise their positions. In the first half of 2024, 62% of startup deals valued between $50-500 million were secondary transactions or buyouts. As companies with strong unit economics prepare for potential IPOs, we expect demand for secondaries to soar,” said Raj Snehil Juneja, co-founder of Tribe Capital India.</p>
<p>Earlier this year, <a href="https://www.dealstreetasia.com/stories/tribe-capital-first-india-fund-384291">DealStreetAsia</a> reported that Tribe Capital is looking to launch a fund dedicated to the country with a target corpus of $150 million.</p>
<p>Tribe Capital has been so far investing in India through its three global venture funds that have a combined corpus of over $800 million.</p>
<p>It is understood to have invested over $1.5 billion across diverse markets and has backed 13 unicorns, of which two are in India. These include Shiprocket, a logistics tech platform headquartered in Bengaluru; and online trucking platform BlackBuck.</p>
<p>The firm’s portfolio companies include Khatabook, a digital ledger app that helps micro, small and medium-sized businesses track transactions; health and insurtech startup Loop Health; and Krab, a SaaS and fintech startup that enables truckers/trucking companies with no formal credit score to access loans from banks.</p>
<p><a href="https://www.dealstreetasia.com/stories/oister-global-launches-fund-394065">Oister Global</a> floated a new fund worth $53 million in April to fuel innovations across consumption-driven and emerging technology-led sectors. Founded by Rohit Bhayana and Sandeep Sinha, Oister has previously invested in funds like Blume Ventures and Stride Ventures.</p>
</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/joymitradealstreetasia-com/" target="_blank" rel="noopener noreferrer">Joymitra Rai</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 13:09:56 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/tribe-capital-oister-global-413298/</link>
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<category>India</category>
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<title>Warburg Pincus exits India's CarTrade Tech in $45m share sale</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2018/07/used-cars-reu-e1641514728427.jpg?fit=978,494&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo: Reuters</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>U.S.-based private equity firm Warburg Pincus’s unit sold its entire 8.6% stake in Indian automobile portal CarTrade Tech on Tuesday through a bulk deal worth 3.75 billion rupees ($44.86 million), according to NSE data.</p>
<p>As of June 30, Warburg Pincus owned more than 4 million shares in CarTrade through its unit Highdell Investment, making it the company’s second-largest shareholder, according to LSEG data.</p>
<p>Highdell sold its entire stake for 920.3 rupees per share, a nearly 6% discount to CarTrade’s closing price on Monday.</p>
<p>Mirae Asset Mutual Fund purchased over 3 million shares at an average price of 920 rupees per share.</p>
<p>($1 = 83.5930 Indian rupees)</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 13:09:53 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/warburg-pincus-cartrade-413239/</link>
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<category>India</category>
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<title>Macquarie to take minority stake in D.E. Shaw's green energy arm for up to $1.73b</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/08/hero-careers-philadelphia-office2.jpeg?fit=1056,594&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Source: Macquarie's website</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Macquarie Group’s asset management division is taking a minority stake in the green-energy arm of U.S. investor D.E. Shaw for an equity investment of as much as $1.73 billion, the Australian company said on Tuesday.</p>
<p>The deal, subject to regulatory approvals, is being struck between funds managed by Macquarie Asset Management and D.E. Shaw Renewable Investments (DESRI), which according to Macquarie has a development pipeline of over 25 gigawatts.</p>
<p>Macquarie’s investment comes at a time when global firms are facing the brunt of rising geopolitical turbulence, high borrowing costs and sticky inflation.</p>
<p>The investment shows strong demand from corporations and governments to adopt cleaner sources of power and combat climate change.</p>
<p>“We believe that this partnership with DESRI well-positions Macquarie Asset Management to capture this opportunity and help accelerate the transition to net zero,” said William Demas, head of Macquarie Asset Management Green Investments for the Americas.</p>
<p>“With the growth of the renewable energy market, suppliers and customers are seeking trusted partners that can scale and consolidate the market.”</p>
<p>DESRI operates across 24 states with over 10 gigawatts of generation capacity, according to its website.</p>
<p>Bloomberg News first reported on the investment earlier on Tuesday.</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 13:09:53 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/macquarie-d-e-shaw-413243/</link>
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<category>World</category>
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<title>Bain-backed Japanese chipmaker Kioxia scraps plans for October IPO: report</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/Kioxia-scaled-e1727174704542.jpg?fit=940,565&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">FILE PHOTO: Japanese chipmaker Kioxia's logo and promotional video on a screen are pictured at its headquarters in Tokyo, Japan, September 30, 2021. REUTERS/Kim Kyung-Hoon/File Photo</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Bain-backed memory chipmaker<span class="highlight" data-qa-component="highlight-text">&nbsp;Kioxia&nbsp;</span>has scrapped its plan for an initial public offering (IPO) in October, three sources familiar with the matter said.</p>
<p>Bain had been targeting a market value of 1.5 trillion yen ($10.39 billion) for<span class="highlight" data-qa-component="highlight-text">&nbsp;Kioxia&nbsp;</span>but the recent sell-off in shares of its listed peers has made that pricing challenging, two of the sources said.</p>
<p>Shares in Samsung Electronics, SK Hynix and Micron Technology are down roughly a third from recent highs.</p>
<p><span class="highlight" data-qa-component="highlight-text">Kioxia&nbsp;</span>had been targeting an IPO in late October, Reuters has reported previously.</p>
<p>Bain declined to comment.<span class="highlight" data-qa-component="highlight-text">&nbsp;Kioxia&nbsp;</span>said it is preparing to list at the appropriate time.</p>
<p>Japan’s stock market suffered a historic rout in early August, sparked by a surprise rate hike and fears of a U.S. recession, before regaining ground.</p>
<p>The benchmark index is up around 13% year-to-date.</p>
<p>Subway operator Tokyo Metro and X-ray testing tool maker Rigaku are aiming to raise a combined $3.1 billion in IPOs next month.</p>
<p>The two deals, if successful, will more than double the value of IPOs launched in Japan so far in 2024, according to LSEG data.</p>
<p><span class="highlight" data-qa-component="highlight-text">Kioxia</span>, which has been hammered by a slump in the memory chip market, has reported improving results as average selling prices increase.</p>
<p>The chipmaker has a 14% share in the flash memory market, according to TrendForce.</p>
<p><span class="highlight" data-qa-component="highlight-text">Kioxia</span>, previously Toshiba Memory, was sold by Toshiba to a consortium led by Bain Capital for $18 billion in 2018.</p>
<p>Plans to IPO were postponed in 2020 amid uncertainty in the global chip market stemming from U.S-China tensions.</p>
<p>Merger talks with Western Digital stalled last October because SK Hynix opposed the deal.</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 13:09:55 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/kioxia-scraps-october-ipo-plans-413181/</link>
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<category>Rest of Asia</category>
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<title>Thailand’s 10 Bridge Capital secures $195m first close of latest PE fund</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/IMG_6511-2.jpg?fit=1440,863&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo by Pimfha Chan</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><span style="font-weight: 400;">Thailand’s 10 Bridge Capital (formerly Hatton Equity Partners) has garnered $195 million in the first close of its fourth Thailand-focused private equity fund, defying <a href="https://www.dealstreetasia.com/stories/private-equity-in-se-asia-h1-2024-review-summary-411882">the challenging fundraising climate</a> for Southeast Asian fund managers.</span></p>
<p><span style="font-weight: 400;">The Bangkok-based private equity firm is planning to raise $250 million in total for 10 Bridge Fund IV, which will invest in buyout and growth equity deals in Thai businesses, according to its partner Samon Suwannarat. The fund’s first milestone, which accounts for 78% of the target, was backed by existing investors and relationships.</span></p>
<p><!--more--></p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/pramod-mathew/" target="_blank" rel="noopener noreferrer">Pramod Mathew</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 13:09:54 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/10-bridge-capital-first-close-412499/</link>
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<category>Thailand</category>
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<title>Fubon Life offloads 5 funds at $270m profit; Cathay Life commits $50m to Summit Partners vehicle</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2021/04/taipei-101-e1627949602278.jpeg?fit=1024,607&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Taipei. Photo: Unsplash</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Taiwanese insurer <a href="https://www.dealstreetasia.com/search/page/1?s=Fubon%20Life%20Insurance&amp;sort_by=recent">Fubon Life Insurance</a> has disposed of its holdings in three USD-denominated and two EUR-denominated funds at an expected profit of about $270 million.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/padmapriya/" target="_blank" rel="noopener noreferrer">Padma Priya</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 13:09:53 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/fubon-life-cathay-life-413092/</link>
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<category>Greater China</category>
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<title>General Atlantic plans Abu Dhabi office by year-end</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2017/11/abu-dhabi-reu.jpg?fit=800,469&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">REUTERS/Ahmed Jadallah</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>General Atlantic plans to open an Abu Dhabi office by the end of the year and move a dealmaker from London as an inaugural member of the new team, two sources familiar with the matter said.</p>
<p>The New York-based private equity firm, which manages funds totalling $83 billion, has received preliminary approval for a license to operate out of the Abu Dhabi Global Market (ADGM), the sources told Reuters.</p>
<p>Final approval is expected by the end of 2024, they said.</p>
<p>Details of General Atlantic’s license application are available on the ADGM’s online public register. Representatives for General Atlantic declined to comment.</p>
<p>General Atlantic will join other global asset managers and hedge funds which have set up in the UAE capital’s financial centre, lured by opportunities to deepen relationships with its sovereign wealth funds as other funding for buyouts dries up.</p>
<p>Abu Dhabi, which generates most of the Gulf state’s oil wealth, is home to some of the world’s biggest funds including Abu Dhabi Investment Authority (ADIA) and state investor Mubadala, which together manage more than $1 trillion in assets.</p>
<p>General Atlantic is being backed by asset manager Mubadala Capital, the sources said.</p>
<p>ADGM said in an emailed statement it offers “relevant public information on the status of registered and licensed entities,” adding it “continues to provide a welcoming and progressive ecosystem” for an increasing number of firms.</p>
<p>General Atlantic plans to relocate managing director Karim Boueiz to the Abu Dhabi office from London, where he currently focuses on its Capital Solutions strategy, the sources said.</p>
<p>A spokesperson for General Atlantic said that Boueiz was currently based in London, where he leads the firm’s fundraising for the Middle East, without elaborating on a timeframe for his potential relocation.</p>
<p>Samir Assaf, also London-based, was appointed chairman of General Atlantic’s Middle East business in February 2023.</p>
<p>While the Gulf had previously been a place where buyout groups would go to raise money to invest in other markets, they are now looking to build teams on the ground, invest in local businesses and help develop the region’s asset managers.</p>
<p>ADGM has become a magnet for millionaires, bankers and hedge funds, driven by a post-pandemic economic rebound, the UAE’s relative flexibility to evolving business needs, its convenient time zones and income tax-free status.</p>
<p>Big names include Ray Dalio, the billionaire and founder of hedge fund Bridgewater Associates, who opened a branch of his family office in the city last year, and Brevan Howard.</p>
<p>General Atlantic’s first Middle East investment was in 2015 with the acquisition of a 49% stake in payments solutions provider Network International, which has since been sold to a consortium led by Brookfield BAM.TO.</p>
<p>It has also invested in real estate search platform Property Finder and Turkish marketplace and e-commerce platform Trendyol.</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 13:09:53 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/general-atlantic-abu-dhabi-413095/</link>
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<category>World</category>
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<title>India Digest: Nurix AI, CoRover raise funding</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/07/india-deal-monitor.jpg?fit=979,547&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV"></p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><a href="https://www.dealstreetasia.com/countries/india">Nurix AI</a> has raised $27.5 million in seed-Series A funding round, while <a href="https://www.dealstreetasia.com/countries/india">CoRover</a> has raised $4 million in its Series A funding round led by <a href="https://www.dealstreetasia.com/countries/india">Venture Catalysts</a>.</p>
<h3>Nurix AI bags $27.5m from Accel, others</h3>
<p><a href="https://www.dealstreetasia.com/countries/india">Nurix AI</a>, a startup founded by Myntra and Cultfit founder Mukesh Bansal, on Tuesday announced that it has raised $27.5 million in seed-Series A funding co-led by General Catalyst and Accel, with participation from Meraki Labs.</p>
<p>Nurix will use the funds for expanding its technological base and scaling its operations in Asia and Northern America. This includes enhancing R&amp;D and strengthening partnerships with AI hardware and product companies, it said in a statement.</p>
<p>Founded earlier this year, Nurix AI specialises in building custom AI agents with proprietary human-like voice and reasoning abilities to fuel productivity and enhance customer experiences for global enterprises.</p>
<h3>CoRover secures $4m led by Venture Catalysts</h3>
<p>Conversational AI platform <a href="https://www.dealstreetasia.com/countries/india">CoRover</a> has raised $4 million in its Series A funding round led by <a href="https://www.dealstreetasia.com/countries/india">Venture Catalysts</a>, per an announcement.</p>
<p>Other investors include <a href="https://www.dealstreetasia.com/countries/india">CanBank Venture Capital Fund</a> (CVCFL), IIM Calcutta (Innovation Park), IIIT Delhi (iHub Anubhuti IIITD Foundation), Cogniphy LLC, Karekeba Ventures, Lead Angels and more, the startup said in a statement.</p>
<p>The funding will enable CoRover to further develop its technology, expand its team of AI experts, and accelerate its go-to-market strategy. The company also plans to focus on enhancing its enterprise (B2G and B2B), B2B2C, and B2C offerings while also exploring new revenue streams through subscription-based models, ad-based revenue, and transaction-based fees.</p>
<p>Founded by Ankush Sabharwal (CEO), Kunal Bhakhri, and Manav Gandotra, CoRover claims to empower businesses to create engaging and personalised conversational experiences across various channels, including AI chatbots, AI voicebots, AI videobots, IVR bots, and WhatsApp bots. It&nbsp;caters to a wide range of industries, including e-commerce, healthcare, finance, education, BFSI, mobility, and retail.</p>
</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/joymitradealstreetasia-com/" target="_blank" rel="noopener noreferrer">Joymitra Rai</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 13:09:54 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/nurix-corover-413296/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/nurix-corover-413296/</guid>
<category>India</category>
</item>
<item>
<title>Meituan raises $2.5b dollar bonds in China's first tech debt deal this year</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/2024-09-25T002445Z_1_LYNXMPEK8O00A_RTROPTP_4_MEITUAN-BONDS-scaled.jpg?fit=2560,1707&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">A delivery worker picks up goods at a logistics station of online grocery platform by Meituan in Beijing, China, November 23, 2022. REUTERS/Tingshu Wang/File Photo</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Meituan, China’s biggest delivery platform, has raised $2.5 billion in a two-tranche dollar bond deal, according to its regulatory filings on Wednesday, in the country’s first offshore technology sector debt issuance this year.</p>
<p>A 3.5-year bond raised $1.2 billion while a 5-year bond raised $1.3 billion, the filings showed.</p>
<p>The final size of the deal was larger than the $2 billion that Meituan planned to raise when the deal was kicked off on Tuesday.</p>
<p>The 3.5-year deal was priced at 3-year Treasuries plus 115 basis points, while the longer-dated bond was set at 5-year Treasuries plus 125 basis points.</p>
<p>Meituan, which has an app that provides services as varied as bike-sharing, ticket-booking and maps, had flagged to investors on Tuesday price guidance for the 3.5-year bond was 3-year Treasuries plus about 145 basis points.</p>
<p>For the longer-dated bond, the guidance was 5-year Treasuries plus about 160 basis points.</p>
<p>Meituan’s deal is the first Chinese technology sector dollar bond deal in 2024, according to Dealogic data.</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 13:09:53 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/meituan-raises-2-5bn-in-dollar-bonds-in-chinas-first-tech-debt-deal-of-2024-413302/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/meituan-raises-2-5bn-in-dollar-bonds-in-chinas-first-tech-debt-deal-of-2024-413302/</guid>
<category>Greater China</category>
</item>
<item>
<title>IFC proposes $59m loan package to Chinese chemical shipping firm Xingtong</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2018/05/IFC-window--e1621558898879.jpg?fit=979,499&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">IFC/World Bank HQ. Photo: IFC</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>World Bank Group member <a href="https://www.dealstreetasia.com/search/page/1?s=International%20Finance%20Corporation&amp;sort_by=recent">International Finance Corporation</a> (IFC) has proposed a $59-million green loan package to subsidiaries of Chinese chemical shipping firm <a href="https://www.dealstreetasia.com/search/page/1?s=Xingtong%20Shipping%20Co%20Ltd&amp;sort_by=recent">Xingtong Shipping Co Ltd</a>, according to a disclosure.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/pramod-mathew/" target="_blank" rel="noopener noreferrer">Pramod Mathew</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 13:09:53 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/ifc-loan-xingtong-413265/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/ifc-loan-xingtong-413265/</guid>
<category>Greater China</category>
</item>
<item>
<title>65 Equity Partners in talks to back SG home appliances startup PRISM+</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/prism-e1727171827390.jpg?fit=940,564&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Source: PRISM+'s social media page</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><span style="font-weight: 400;">Temasek-backed 65 Equity Partners is weighing an investment in Singaporean home appliance maker PRISM+, according to multiple sources familiar with the matter.</span></p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/pramod-mathew/" target="_blank" rel="noopener noreferrer">Pramod Mathew</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 13:09:57 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/65-equity-partners-prism-412943/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/65-equity-partners-prism-412943/</guid>
<category>Singapore</category>
</item>
<item>
<title>Chinese used goods platform Zhuanzhuan acquires smaller player Plum</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/luis-otto-qOVVlOJg8_0-unsplash-scaled.jpg?fit=2560,1440&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Image by luis otto from Unsplash. </p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><span style="font-weight: 400;">Zhuanzhuan Group, an online used-goods trading platform affiliated to Chinese online classifieds marketplace 58.com, has acquired luxury resale platform Plum, also known as Hongbulin.&nbsp;</span></p>
<p><span style="font-weight: 400;">The acquisition helps Zhuanzhuan Group, which previously injected $100 million into Plum through a Series C funding round in November 2022, tap into the country’s burgeoning luxury resale market, according to a release shared by Plum on Monday.&nbsp;</span></p>
<p><span style="font-weight: 400;">Co-founded by Xu Wei — who previously served a stint as investment director at Chinese VC firm Sinovation Ventures — in 2017, Plum operates in both the consumer-to-business-to-consumer (C2B2C) and business-to-business-to-consumer (B2B2C) models. The Beijing-based firm enables consumers to buy used luxury goods and provides businesses and merchants a one-stop e-commerce solution.&nbsp;</span></p>
<p><span style="font-weight: 400;">Xu will no longer serve as Plum’s CEO post-acquisition. Xu will take over the position of consultant to help Plum through the transition period; while </span>Hu Weikun<span style="font-weight: 400;">, Zhuanzhuan’s co-founder and COO, will be also serving as Plum’s new CEO.&nbsp;&nbsp;&nbsp;</span></p>
<p><span style="font-weight: 400;">Zhuanzhuan Group CEO Huang Wei said in the release that Plum has carved out its niche in authenticating pre-owned luxury goods since its establishment. Going forward, Plum will continue to operate independently from Zhuanzhuan.&nbsp;</span></p>
<p><span style="font-weight: 400;">Before the Series C round in 2022, Plum snapped ‘tens of millions of US dollars’ in a Series B2 round from “a notable USD-denominated FOF”, Recruit, MPC (previously known as Matrix Partners China), Qiming Venture Partners, and Unity Ventures in December 2020.&nbsp;&nbsp;</span></p>
<p><span style="font-weight: 400;">Zhuanzhuan, as well as Alibaba Group’s Xianyu, have emerged to be the two most popular second-hand goods online marketplaces in China, contributing to a total of 90.9% of the market share, according to a report published by Chinese state-owned securities brokerage firm Shenwan Hongyuan.&nbsp;&nbsp;</span></p>
</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/padmapriya/" target="_blank" rel="noopener noreferrer">Padma Priya</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 13:09:54 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/zhuanzhuan-hongbulin-413180/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/zhuanzhuan-hongbulin-413180/</guid>
<category>Greater China</category>
</item>
<item>
<title>Deliveroo shuts cloud kitchen ops in SG, citing cost pressures</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2023/06/2023-06-12T204602Z_4_LYNXMPEJ5B0JT_RTROPTP_4_GLOBAL-DELIVERY-scaled.jpg?fit=2560,1837&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">FILE PHOTO: A delivery worker with a backpack of Deliveroo rides a bike in Nice, France, October 25, 2022. REUTERS/Eric Gaillard</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Food delivery giant Deliveroo ceased operations at its last two cloud kitchen locations in Singapore, citing high operating costs and decreasing restaurant demand.</p>
<p>The company’s spokesperson revealed that cloud kitchen expenses, particularly rent and utilities, have “risen significantly” in recent years, The Business Times reported. Moreover, restaurant partners are scaling back their expansion plans in response to economic pressure, including food inflation and increasing wages.</p>
<p>As a result, the company has chosen not to renew leases for its delivery-only kitchen concepts, Deliveroo Editions, sites in Singapore, located at Alice@Mediapolis and Tanjong Katong. It has notified restaurant merchants and assisted in sup ... |
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<item>
<title>Macro headwinds drive investors to 'globalised' healthcare assets</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2017/05/heartbeat-healthcare-pixabay.jpg?fit=980,545&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Heartbeat being electronically monitored. Photo from Pixabay </p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p style="font-weight: 400;">Global strengths have emerged as the top criteria for investing in healthcare, as investors seek business resilience and viable exit routes amid macro market uncertainties, according to LYFE Capital founding &amp; managing partner James Zhao.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/padmapriya/" target="_blank" rel="noopener noreferrer">Padma Priya</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:20 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/globalised-healthcare-lyfe-capital-413142/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/globalised-healthcare-lyfe-capital-413142/</guid>
<category>Interviews</category>
</item>
<item>
<title>Indian VCs adapt to market realities amid tightening investment landscape</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/AMTB9609-1-scaled-e1727179203199.jpg?fit=1000,667&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">(Left to right) Vibhuti Sharma, India Correspondent, DealStreetAsia (Moderator); Rahul Shah, Partner, EvolutionX; Anup Jain, Founding Partner, India focused Early Stage VC; Veenu Mittal, Partner &amp; CFO, Anicut Capital; Anurag Ramdasan, Partner, 3one4 Capital</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Indian venture capitalists are refreshing their investment strategies, shifting from aggressive growth strategies to a sustainable focus on profitability and strong governance, prioritising long-term value creation and transparency in response to market corrections and tighter funding environments, top industry executives said at DealStreetAsia’s Asia PE-VC Summit 2024 in Singapore last week.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/joymitradealstreetasia-com/" target="_blank" rel="noopener noreferrer">Joymitra Rai</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:21 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/indian-vc-strategy-asia-pe-vc-summit-413176/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/indian-vc-strategy-asia-pe-vc-summit-413176/</guid>
<category>Asia PE-VC Summit 2024</category>
</item>
<item>
<title>India: Rigel Capital leads $25m funding in adtech startup AdOnMo</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/adonmo.jpg?fit=944,694&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">AdOnMo Co-Founders: Sravanth Gajula &amp; Sandeep Bommireddi</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><a href="https://www.dealstreetasia.com/countries/india">AdOnMo</a>, a digital advertising network, has secured $25 million in a funding round led by <a href="https://www.dealstreetasia.com/countries/india">Rigel Capital</a>, alongside existing investors, it announced on Wednesday.</p>
<p>The latest financing follows AdOnMo’s $15-million Series B in 2022, which saw participation from food delivery giant Zomato.</p>
<p>The company will use the fresh capital proceeds to expand its operations to 40 cities and increase its screen network to 100,000 displays, targeting more than 30 million unique viewers, it said in a statement.</p>
<p>Founded in 2017, AdOnMo claims to offer targeted campaigns that maximise audience engagement through precision targeting, measurable ROI, and offline-online integration. Its platform harnesses hyperlocal intelligence to place ads in geographically relevant locations, enabling advertisers to connect with their ideal audience more effectively.</p>
<p>AdOnMo has expanded to 24 cities, boasting over 50,000 digital displays that deliver hyperlocal, data-driven advertising solutions to brands across India.</p>
<p>“Ambient contextual advertising is rapidly becoming a pivotal element in brand strategy, and we are leading the charge in this transformation. With this fundraise, we are poised to engage over 30 million urban consumers, delivering exceptional value and amplifying brand impact for our advertisers,” said Sravanth Gajula, co-founder, AdOnMo.</p>
<p>“Their focus on hyperlocal intelligence and advanced technological infrastructure aligns seamlessly with our cross-border synergy creation strategy. We look forward to supporting AdOnMo as it continues to disrupt and lead the Indian DOOH advertising market,” added Sebastian Togelang, founding partner of Rigel Capital.</p>
<p>Rigel Capital backs hyper-growth companies in emerging Asia, with a focus on Southeast Asia, India, and the Middle East. The firm covers supply chain, logistics, green mobility, e-commerce enablement, and numerous other technology verticals.</p>
</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/joymitradealstreetasia-com/" target="_blank" rel="noopener noreferrer">Joymitra Rai</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:20 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/rigel-capital-adonmo-413312/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/rigel-capital-adonmo-413312/</guid>
<category>Venture Capital</category>
</item>
<item>
<title>Silicon Valley's Tribe Capital, Oister Global to launch $500m secondary fund in India</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/money-5530537_1280.png?fit=1280,916&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo credit: Pixabay</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>US-based venture capital firm Tribe Capital, which has a dedicated India investment vehicle, has partnered with homegrown investment firm Oister Global to launch a new fund focused on secondary transactions in India.</p>
<p>Together, Tribe Capital and Oister Global will invest $500 million in the next two years.</p>
<p>The Indian secondary market has steadily become a substantive source of funding. In the last 4–5 years, $7.7 billion has been transacted – a number that rivals total amounts raised via IPO exits during the same period, the firms said in a joint statement.</p>
<p>“Secondaries will be the tipping point for qualified investors to enter private markets, just as IPOs have revolutionised access to public markets,” said Sandeep Sinha, Co-CEO of Oister.</p>
<p>Globally, the secondaries’ market is estimated at over $130 billion, while India’s secondaries are still at an early stage. The launch of this franchise seeks to capitalise on the growing demand and bring unparalleled expertise to the table.</p>
<p>“The Indian private equity and venture capital sectors are ripe for secondaries, with increasing numbers of investors seeking to monetise their positions. In the first half of 2024, 62% of startup deals valued between $50-500 million were secondary transactions or buyouts. As companies with strong unit economics prepare for potential IPOs, we expect demand for secondaries to soar,” said Raj Snehil Juneja, co-founder of Tribe Capital India.</p>
<p>Earlier this year, <a href="https://www.dealstreetasia.com/stories/tribe-capital-first-india-fund-384291">DealStreetAsia</a> reported that Tribe Capital is looking to launch a fund dedicated to the country with a target corpus of $150 million.</p>
<p>Tribe Capital has been so far investing in India through its three global venture funds that have a combined corpus of over $800 million.</p>
<p>It is understood to have invested over $1.5 billion across diverse markets and has backed 13 unicorns, of which two are in India. These include Shiprocket, a logistics tech platform headquartered in Bengaluru; and online trucking platform BlackBuck.</p>
<p>The firm’s portfolio companies include Khatabook, a digital ledger app that helps micro, small and medium-sized businesses track transactions; health and insurtech startup Loop Health; and Krab, a SaaS and fintech startup that enables truckers/trucking companies with no formal credit score to access loans from banks.</p>
<p><a href="https://www.dealstreetasia.com/stories/oister-global-launches-fund-394065">Oister Global</a> floated a new fund worth $53 million in April to fuel innovations across consumption-driven and emerging technology-led sectors. Founded by Rohit Bhayana and Sandeep Sinha, Oister has previously invested in funds like Blume Ventures and Stride Ventures.</p>
</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/joymitradealstreetasia-com/" target="_blank" rel="noopener noreferrer">Joymitra Rai</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:21 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/tribe-capital-oister-global-413298/</link>
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<category>Private Equity</category>
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<title>Canada's Northleaf opens Seoul office, hires Seraya Partners executive</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/scenery-1214950_1280.jpg?fit=1103,625&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Seoul, South Korea. Photo from Pixabay.</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Canadian private markets investment firm Northleaf Capital Partners has opened an office in Seoul, South Korea to tap limited partners (LPs) from this region.</p>
<p>The new office—its tenth globally—adds to the firm’s existing Asia-Pacific locations in Australia and Japan.</p>
<p>The Seoul office is led by Chung-hyun Lee, former managing director at Asian infrastructure investor Seraya Partners. Lee, who joined Northleaf this year, has also worked for the Korea Investment Corporation, the country’s sovereign wealth fund.</p>
<p>Lee reports to Northleaf’s managing director and head of Asia-Pacific Jeff Pentland, who is based in Tokyo.</p>
<p>“We have been very pleased with the strong interest from investors throughout Asia and the warm reception of our Tokyo office launch in 2022. As we indicated at the time, establishing a presence in Seoul was the natural next step,” Pentland said in a statement.</p>
<p>Northleaf has to date raised $26 billion in private equity, private credit, and infrastructure commitments. The firm’s LPs include public, corporate and multi-employer pension plans, endowments, foundations, financial institutions and family offices.</p>
<p>In an <a href="https://www.dealstreetasia.com/stories/northleaf-capital-apac-investors-321980">interview with DealStreetAsia</a> in 2022, Pentland had said the percentage of APAC clients in Northleaf’s overall capital was in single digits. However, he saw a growing desire for diversification, particularly mid-market opportunities, from institutions in this region.</p>
<p>Northleaf’s investment programme focuses on the developed markets of North America and Western Europe.</p>
</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/pramod-mathew/" target="_blank" rel="noopener noreferrer">Pramod Mathew</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:21 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/northleaf-opens-seoul-office-413268/</link>
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<category>People</category>
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<title>India: Mt. K Kapital raises about $60m to invest in real estate projects</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2019/01/photo-1536659622540-0b4c2331489c-e1637972176860.jpeg?fit=1027,516&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo by rawpixel on Unsplash</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Mt. K Kapital has raised over Rs 500 crore (about $60 million) for its maiden fund from marquee investors such as SBI, ICICI Bank, and Famy Care, besides high networth individuals, per an announcement.</p>
<p>A category II AIF registered with the Indian capital market regulator, Mt. K Resi Development Fund has already raked in over Rs 300 crore of the targeted corpus and has committed the amount to five real estate projects in some of Mumbai’s prime locations.</p>
<p>The fund is now exercising its green shoe option and is targeting to hit the final close shortly.</p>
<p>Mt. K Kapital targets quick turnaround residential projects with low equity investments and gives investors a share of project profits from redevelopment assets across Mumbai.</p>
<p>In total, Mt. K Resi Development Fund, an ESG Impact Development Fund, plans to invest in 10-12 projects, focusing on redevelopment with the Rustomjee Group, a prominent property developer and builder in Mumbai.</p>
<p>“It is an exciting time to invest in real estate… We believe that our structure will offer value to investors looking to capitalise on the growth of real estate as an asset class,” said Boman Irani, Chairman &amp; Managing Director of Rustomjee Group.</p>
<p>Meanwhile, Binitha Dalal, Founder and Managing Partner at Mt. K Kapital added: “The current performance of our investments and the selection of strategic locations for our projects have reaffirmed our investment thesis. We are evaluating a robust pipeline of similar projects along with deal sizes between Rs 60-90 crore to strengthen our portfolio.”</p>
</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/padmapriya/" target="_blank" rel="noopener noreferrer">Padma Priya</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:21 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/mt-k-kapital-maiden-fund-413406/</link>
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<category>India</category>
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<title>Silicon Valley's Tribe Capital, Oister Global to launch $500m secondary fund in India</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/money-5530537_1280.png?fit=1280,916&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo credit: Pixabay</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>US-based venture capital firm Tribe Capital, which has a dedicated India investment vehicle, has partnered with homegrown investment firm Oister Global to launch a new fund focused on secondary transactions in India.</p>
<p>Together, Tribe Capital and Oister Global will invest $500 million in the next two years.</p>
<p>The Indian secondary market has steadily become a substantive source of funding. In the last 4–5 years, $7.7 billion has been transacted – a number that rivals total amounts raised via IPO exits during the same period, the firms said in a joint statement.</p>
<p>“Secondaries will be the tipping point for qualified investors to enter private markets, just as IPOs have revolutionised access to public markets,” said Sandeep Sinha, Co-CEO of Oister.</p>
<p>Globally, the secondaries’ market is estimated at over $130 billion, while India’s secondaries are still at an early stage. The launch of this franchise seeks to capitalise on the growing demand and bring unparalleled expertise to the table.</p>
<p>“The Indian private equity and venture capital sectors are ripe for secondaries, with increasing numbers of investors seeking to monetise their positions. In the first half of 2024, 62% of startup deals valued between $50-500 million were secondary transactions or buyouts. As companies with strong unit economics prepare for potential IPOs, we expect demand for secondaries to soar,” said Raj Snehil Juneja, co-founder of Tribe Capital India.</p>
<p>Earlier this year, <a href="https://www.dealstreetasia.com/stories/tribe-capital-first-india-fund-384291">DealStreetAsia</a> reported that Tribe Capital is looking to launch a fund dedicated to the country with a target corpus of $150 million.</p>
<p>Tribe Capital has been so far investing in India through its three global venture funds that have a combined corpus of over $800 million.</p>
<p>It is understood to have invested over $1.5 billion across diverse markets and has backed 13 unicorns, of which two are in India. These include Shiprocket, a logistics tech platform headquartered in Bengaluru; and online trucking platform BlackBuck.</p>
<p>The firm’s portfolio companies include Khatabook, a digital ledger app that helps micro, small and medium-sized businesses track transactions; health and insurtech startup Loop Health; and Krab, a SaaS and fintech startup that enables truckers/trucking companies with no formal credit score to access loans from banks.</p>
<p><a href="https://www.dealstreetasia.com/stories/oister-global-launches-fund-394065">Oister Global</a> floated a new fund worth $53 million in April to fuel innovations across consumption-driven and emerging technology-led sectors. Founded by Rohit Bhayana and Sandeep Sinha, Oister has previously invested in funds like Blume Ventures and Stride Ventures.</p>
</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/joymitradealstreetasia-com/" target="_blank" rel="noopener noreferrer">Joymitra Rai</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:23 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/tribe-capital-oister-global-413298/</link>
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<category>India</category>
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<title>Warburg Pincus exits India's CarTrade Tech in $45m share sale</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2018/07/used-cars-reu-e1641514728427.jpg?fit=978,494&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo: Reuters</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>U.S.-based private equity firm Warburg Pincus’s unit sold its entire 8.6% stake in Indian automobile portal CarTrade Tech on Tuesday through a bulk deal worth 3.75 billion rupees ($44.86 million), according to NSE data.</p>
<p>As of June 30, Warburg Pincus owned more than 4 million shares in CarTrade through its unit Highdell Investment, making it the company’s second-largest shareholder, according to LSEG data.</p>
<p>Highdell sold its entire stake for 920.3 rupees per share, a nearly 6% discount to CarTrade’s closing price on Monday.</p>
<p>Mirae Asset Mutual Fund purchased over 3 million shares at an average price of 920 rupees per share.</p>
<p>($1 = 83.5930 Indian rupees)</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:20 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/warburg-pincus-cartrade-413239/</link>
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<category>India</category>
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<title>Macquarie to take minority stake in D.E. Shaw's green energy arm for up to $1.73b</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/08/hero-careers-philadelphia-office2.jpeg?fit=1056,594&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Source: Macquarie's website</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Macquarie Group’s asset management division is taking a minority stake in the green-energy arm of U.S. investor D.E. Shaw for an equity investment of as much as $1.73 billion, the Australian company said on Tuesday.</p>
<p>The deal, subject to regulatory approvals, is being struck between funds managed by Macquarie Asset Management and D.E. Shaw Renewable Investments (DESRI), which according to Macquarie has a development pipeline of over 25 gigawatts.</p>
<p>Macquarie’s investment comes at a time when global firms are facing the brunt of rising geopolitical turbulence, high borrowing costs and sticky inflation.</p>
<p>The investment shows strong demand from corporations and governments to adopt cleaner sources of power and combat climate change.</p>
<p>“We believe that this partnership with DESRI well-positions Macquarie Asset Management to capture this opportunity and help accelerate the transition to net zero,” said William Demas, head of Macquarie Asset Management Green Investments for the Americas.</p>
<p>“With the growth of the renewable energy market, suppliers and customers are seeking trusted partners that can scale and consolidate the market.”</p>
<p>DESRI operates across 24 states with over 10 gigawatts of generation capacity, according to its website.</p>
<p>Bloomberg News first reported on the investment earlier on Tuesday.</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:20 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/macquarie-d-e-shaw-413243/</link>
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<category>World</category>
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<title>Bain-backed Japanese chipmaker Kioxia scraps plans for October IPO: report</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/Kioxia-scaled-e1727174704542.jpg?fit=940,565&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">FILE PHOTO: Japanese chipmaker Kioxia's logo and promotional video on a screen are pictured at its headquarters in Tokyo, Japan, September 30, 2021. REUTERS/Kim Kyung-Hoon/File Photo</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Bain-backed memory chipmaker<span class="highlight" data-qa-component="highlight-text">&nbsp;Kioxia&nbsp;</span>has scrapped its plan for an initial public offering (IPO) in October, three sources familiar with the matter said.</p>
<p>Bain had been targeting a market value of 1.5 trillion yen ($10.39 billion) for<span class="highlight" data-qa-component="highlight-text">&nbsp;Kioxia&nbsp;</span>but the recent sell-off in shares of its listed peers has made that pricing challenging, two of the sources said.</p>
<p>Shares in Samsung Electronics, SK Hynix and Micron Technology are down roughly a third from recent highs.</p>
<p><span class="highlight" data-qa-component="highlight-text">Kioxia&nbsp;</span>had been targeting an IPO in late October, Reuters has reported previously.</p>
<p>Bain declined to comment.<span class="highlight" data-qa-component="highlight-text">&nbsp;Kioxia&nbsp;</span>said it is preparing to list at the appropriate time.</p>
<p>Japan’s stock market suffered a historic rout in early August, sparked by a surprise rate hike and fears of a U.S. recession, before regaining ground.</p>
<p>The benchmark index is up around 13% year-to-date.</p>
<p>Subway operator Tokyo Metro and X-ray testing tool maker Rigaku are aiming to raise a combined $3.1 billion in IPOs next month.</p>
<p>The two deals, if successful, will more than double the value of IPOs launched in Japan so far in 2024, according to LSEG data.</p>
<p><span class="highlight" data-qa-component="highlight-text">Kioxia</span>, which has been hammered by a slump in the memory chip market, has reported improving results as average selling prices increase.</p>
<p>The chipmaker has a 14% share in the flash memory market, according to TrendForce.</p>
<p><span class="highlight" data-qa-component="highlight-text">Kioxia</span>, previously Toshiba Memory, was sold by Toshiba to a consortium led by Bain Capital for $18 billion in 2018.</p>
<p>Plans to IPO were postponed in 2020 amid uncertainty in the global chip market stemming from U.S-China tensions.</p>
<p>Merger talks with Western Digital stalled last October because SK Hynix opposed the deal.</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:21 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/kioxia-scraps-october-ipo-plans-413181/</link>
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<category>Rest of Asia</category>
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<title>Thailand’s 10 Bridge Capital secures $195m first close of latest PE fund</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/IMG_6511-2.jpg?fit=1440,863&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo by Pimfha Chan</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><span style="font-weight: 400;">Thailand’s 10 Bridge Capital (formerly Hatton Equity Partners) has garnered $195 million in the first close of its fourth Thailand-focused private equity fund, defying <a href="https://www.dealstreetasia.com/stories/private-equity-in-se-asia-h1-2024-review-summary-411882">the challenging fundraising climate</a> for Southeast Asian fund managers.</span></p>
<p><span style="font-weight: 400;">The Bangkok-based private equity firm is planning to raise $250 million in total for 10 Bridge Fund IV, which will invest in buyout and growth equity deals in Thai businesses, according to its partner Samon Suwannarat. The fund’s first milestone, which accounts for 78% of the target, was backed by existing investors and relationships.</span></p>
<p><!--more--></p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/pramod-mathew/" target="_blank" rel="noopener noreferrer">Pramod Mathew</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:20 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/10-bridge-capital-first-close-412499/</link>
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<category>Thailand</category>
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<title>Fubon Life offloads 5 funds at $270m profit; Cathay Life commits $50m to Summit Partners vehicle</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2021/04/taipei-101-e1627949602278.jpeg?fit=1024,607&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Taipei. Photo: Unsplash</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Taiwanese insurer <a href="https://www.dealstreetasia.com/search/page/1?s=Fubon%20Life%20Insurance&amp;sort_by=recent">Fubon Life Insurance</a> has disposed of its holdings in three USD-denominated and two EUR-denominated funds at an expected profit of about $270 million.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/padmapriya/" target="_blank" rel="noopener noreferrer">Padma Priya</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:20 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/fubon-life-cathay-life-413092/</link>
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<category>Greater China</category>
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<title>Indian home interior firm Homelane to buy Design Cafe, raises $27m</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/Founders-of-DesignCafe-and-HomeLane-R-to-L-Gita-Ramanan-DesignCafe-Shezaan-Bhojani-DesignCafe-and-Srikanth-Iyer-HomeLane-and-Tanuj-Choudhry-HomeLane.png?fit=940,410&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Founders of DesignCafe and HomeLane - R to L Gita Ramanan (DesignCafe), Shezaan Bhojani (DesignCafe) and Srikanth Iyer (HomeLane) and Tanuj Choudhry (HomeLane)</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Home interior startup Homelane on Wednesday said it has agreed to buy smaller rival DesignCafe in a deal that will value the combined entity worth Rs 3,000 crore ($358 million).</p>
<p>Separately, the combined firm is raising Rs 225 crore ($27 million) from existing investors as well as external investor Hero Enterprise.</p>
<p>Post-acquisition, the combined entity is expected to achieve a revenue of Rs 1,000 crore in FY2025, up 33% from Rs 761 crore in FY2024, and be EBITDA profitable.</p>
<p>Currently, the combined entity is at an annual recurring revenue of Rs 900 crore, is cash profitable, and at -2% EBITDA.</p>
<p>While DesignCafe was founded in 2016 by Gita Ramanan and Shezaan Bhojani, HomeLane, which operates four brands— HomeLane, Doowup, and Cubico (corporate interiors) and Wrapzap, was established in 2014.</p>
<p>HomeLane, Doowup, and DesignCafe will continue to operate as distinct end-to-end interiors brands, each catering to different segments of the market.</p>
<p>The acquisition is expected to unlock significant savings across areas such as manufacturing, design, procurement, and technology.</p>
<p>DesignCafe raised Rs 40 crore, led by private equity fund WestBridge Capital, Mirabilis Investment Trust, and venture debt fund Alteria Capital, in March last year. <a href="https://www.dealstreetasia.com/stories/homelane-funding-india-deals-348359">Homelane</a> secured funding worth $9.1 million in a bridge round from its existing investors last year.</p>
<div class="Story_text_content__SUGxB">
<article>The interior designing and home furnishing market in India, which is pegged to be worth around $30 million, is crowded by the likes of Livspace, Prolance, and interior design software startup Infurnia. Earlier this month, Mumbai-based interior design startup Flipspaces raised $4 million in its pre-Series B funding round led by Prashasta Seth, former CEO of IIFL AMC.</article>
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</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/joymitradealstreetasia-com/" target="_blank" rel="noopener noreferrer">Joymitra Rai</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:20 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/homelane-design-cafe-413387/</link>
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<category>India</category>
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<title>India Digest: Nurix AI, CoRover raise funding</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/07/india-deal-monitor.jpg?fit=979,547&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV"></p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><a href="https://www.dealstreetasia.com/countries/india">Nurix AI</a> has raised $27.5 million in seed-Series A funding round, while <a href="https://www.dealstreetasia.com/countries/india">CoRover</a> has raised $4 million in its Series A funding round led by <a href="https://www.dealstreetasia.com/countries/india">Venture Catalysts</a>.</p>
<h3>Nurix AI bags $27.5m from Accel, others</h3>
<p><a href="https://www.dealstreetasia.com/countries/india">Nurix AI</a>, a startup founded by Myntra and Cultfit founder Mukesh Bansal, on Tuesday announced that it has raised $27.5 million in seed-Series A funding co-led by General Catalyst and Accel, with participation from Meraki Labs.</p>
<p>Nurix will use the funds for expanding its technological base and scaling its operations in Asia and Northern America. This includes enhancing R&amp;D and strengthening partnerships with AI hardware and product companies, it said in a statement.</p>
<p>Founded earlier this year, Nurix AI specialises in building custom AI agents with proprietary human-like voice and reasoning abilities to fuel productivity and enhance customer experiences for global enterprises.</p>
<h3>CoRover secures $4m led by Venture Catalysts</h3>
<p>Conversational AI platform <a href="https://www.dealstreetasia.com/countries/india">CoRover</a> has raised $4 million in its Series A funding round led by <a href="https://www.dealstreetasia.com/countries/india">Venture Catalysts</a>, per an announcement.</p>
<p>Other investors include <a href="https://www.dealstreetasia.com/countries/india">CanBank Venture Capital Fund</a> (CVCFL), IIM Calcutta (Innovation Park), IIIT Delhi (iHub Anubhuti IIITD Foundation), Cogniphy LLC, Karekeba Ventures, Lead Angels and more, the startup said in a statement.</p>
<p>The funding will enable CoRover to further develop its technology, expand its team of AI experts, and accelerate its go-to-market strategy. The company also plans to focus on enhancing its enterprise (B2G and B2B), B2B2C, and B2C offerings while also exploring new revenue streams through subscription-based models, ad-based revenue, and transaction-based fees.</p>
<p>Founded by Ankush Sabharwal (CEO), Kunal Bhakhri, and Manav Gandotra, CoRover claims to empower businesses to create engaging and personalised conversational experiences across various channels, including AI chatbots, AI voicebots, AI videobots, IVR bots, and WhatsApp bots. It&nbsp;caters to a wide range of industries, including e-commerce, healthcare, finance, education, BFSI, mobility, and retail.</p>
</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/joymitradealstreetasia-com/" target="_blank" rel="noopener noreferrer">Joymitra Rai</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:22 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/nurix-corover-413296/</link>
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<category>India</category>
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<title>Meituan raises $2.5b dollar bonds in China's first tech debt deal this year</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/2024-09-25T002445Z_1_LYNXMPEK8O00A_RTROPTP_4_MEITUAN-BONDS-scaled.jpg?fit=2560,1707&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">A delivery worker picks up goods at a logistics station of online grocery platform by Meituan in Beijing, China, November 23, 2022. REUTERS/Tingshu Wang/File Photo</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Meituan, China’s biggest delivery platform, has raised $2.5 billion in a two-tranche dollar bond deal, according to its regulatory filings on Wednesday, in the country’s first offshore technology sector debt issuance this year.</p>
<p>A 3.5-year bond raised $1.2 billion while a 5-year bond raised $1.3 billion, the filings showed.</p>
<p>The final size of the deal was larger than the $2 billion that Meituan planned to raise when the deal was kicked off on Tuesday.</p>
<p>The 3.5-year deal was priced at 3-year Treasuries plus 115 basis points, while the longer-dated bond was set at 5-year Treasuries plus 125 basis points.</p>
<p>Meituan, which has an app that provides services as varied as bike-sharing, ticket-booking and maps, had flagged to investors on Tuesday price guidance for the 3.5-year bond was 3-year Treasuries plus about 145 basis points.</p>
<p>For the longer-dated bond, the guidance was 5-year Treasuries plus about 160 basis points.</p>
<p>Meituan’s deal is the first Chinese technology sector dollar bond deal in 2024, according to Dealogic data.</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:20 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/meituan-raises-2-5bn-in-dollar-bonds-in-chinas-first-tech-debt-deal-of-2024-413302/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/meituan-raises-2-5bn-in-dollar-bonds-in-chinas-first-tech-debt-deal-of-2024-413302/</guid>
<category>Greater China</category>
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<title>IFC proposes $59m loan package to Chinese chemical shipping firm Xingtong</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2018/05/IFC-window--e1621558898879.jpg?fit=979,499&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">IFC/World Bank HQ. Photo: IFC</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>World Bank Group member <a href="https://www.dealstreetasia.com/search/page/1?s=International%20Finance%20Corporation&amp;sort_by=recent">International Finance Corporation</a> (IFC) has proposed a $59-million green loan package to subsidiaries of Chinese chemical shipping firm <a href="https://www.dealstreetasia.com/search/page/1?s=Xingtong%20Shipping%20Co%20Ltd&amp;sort_by=recent">Xingtong Shipping Co Ltd</a>, according to a disclosure.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/pramod-mathew/" target="_blank" rel="noopener noreferrer">Pramod Mathew</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:21 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/ifc-loan-xingtong-413265/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/ifc-loan-xingtong-413265/</guid>
<category>Greater China</category>
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<title>65 Equity Partners in talks to back SG home appliances startup PRISM+</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/prism-e1727171827390.jpg?fit=940,564&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Source: PRISM+'s social media page</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><span style="font-weight: 400;">Temasek-backed 65 Equity Partners is weighing an investment in Singaporean home appliance maker PRISM+, according to multiple sources familiar with the matter.</span></p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/pramod-mathew/" target="_blank" rel="noopener noreferrer">Pramod Mathew</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:21 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/65-equity-partners-prism-412943/</link>
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<category>Singapore</category>
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<title>Deliveroo shuts cloud kitchen ops in SG, citing cost pressures</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2023/06/2023-06-12T204602Z_4_LYNXMPEJ5B0JT_RTROPTP_4_GLOBAL-DELIVERY-scaled.jpg?fit=2560,1837&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">FILE PHOTO: A delivery worker with a backpack of Deliveroo rides a bike in Nice, France, October 25, 2022. REUTERS/Eric Gaillard</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Food delivery giant Deliveroo ceased operations at its last two cloud kitchen locations in Singapore, citing high operating costs and decreasing restaurant demand.</p>
<p>The company’s spokesperson revealed that cloud kitchen expenses, particularly rent and utilities, have “risen significantly” in recent years, The Business Times reported. Moreover, restaurant partners are scaling back their expansion plans in response to economic pressure, including food inflation and increasing wages.</p>
<p>As a result, the company has chosen not to renew leases for its delivery-only kitchen concepts, Deliveroo Editions, sites in Singapore, located at Alice@Mediapolis and Tanjong Katong. It has notified restaurant merchants and assisted in supporting their transition.</p>
<p>Despite this setback, the spokesperson affirmed, “Deliveroo Singapore will continue to focus on growth in our delivery business and remains steadfastly committed to working closely with our restaurant and grocery partners to market and grow their pickup and delivery business.”</p>
<p>This move follows earlier signs of struggle in Deliveroo’s cloud kitchen business, including the closure of its Lavender Street site in June 2021. According to the company’s regulatory filings in Singapore, Deliveroo’s profits declined from S$842,978 (about $655) in 2022 to S$612,961 (about $477) in 2023, with revenue dropping from S$82.5 million (about $6.42 million) to S$56.7 million (about $4.41 million).</p>
<p>The closure aligns with a broader trend of stagnating food delivery sales in Southeast Asia post-pandemic. In Indonesia, Grab fully withdrew from this vertical <a href="https://www.dealstreetasia.com/stories/grab-to-close-indonesia-cloud-kitchen-313149" target="_blank" rel="noopener">in December 2022</a>, after expanding to 24 outlets since 2018.</p>
<p>A Momentum Works report indicates that the region’s food delivery platforms’ gross merchandise value grew by 5% in 2023, reaching $17.1 billion.</p>
<p>However, Deliveroo’s performance in its home market in the UK shows signs of improvement. It reported its first profit in the first half of 2024, earning 1.3 million pounds ($1.73 mi ... |
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<title>India: Mt. K Kapital raises about $60m to invest in real estate projects</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2019/01/photo-1536659622540-0b4c2331489c-e1637972176860.jpeg?fit=1027,516&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo by rawpixel on Unsplash</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Mt. K Kapital has raised over Rs 500 crore (about $60 million) for its maiden fund from marquee investors such as SBI, ICICI Bank, and Famy Care, besides high networth individuals, per an announcement.</p>
<p>A category II AIF registered with the Indian capital market regulator, Mt. K Resi Development Fund has already raked in over Rs 300 crore of the targeted corpus and has committed the amount to five real estate projects in some of Mumbai’s prime locations.</p>
<p>The fund is now exercising its green shoe option and is targeting to hit the final close shortly.</p>
<p>Mt. K Kapital targets quick turnaround residential projects with low equity investments and gives investors a share of project profits from redevelopment assets across Mumbai.</p>
<p>In total, Mt. K Resi Development Fund, an ESG Impact Development Fund, plans to invest in 10-12 projects, focusing on redevelopment with the Rustomjee Group, a prominent property developer and builder in Mumbai.</p>
<p>“It is an exciting time to invest in real estate… We believe that our structure will offer value to investors looking to capitalise on the growth of real estate as an asset class,” said Boman Irani, Chairman &amp; Managing Director of Rustomjee Group.</p>
<p>Meanwhile, Binitha Dalal, Founder and Managing Partner at Mt. K Kapital added: “The current performance of our investments and the selection of strategic locations for our projects have reaffirmed our investment thesis. We are evaluating a robust pipeline of similar projects along with deal sizes between Rs 60-90 crore to strengthen our portfolio.”</p>
</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/padmapriya/" target="_blank" rel="noopener noreferrer">Padma Priya</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:21 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/mt-k-kapital-maiden-fund-413406/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/mt-k-kapital-maiden-fund-413406/</guid>
<category>India</category>
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<title>Silicon Valley's Tribe Capital, Oister Global to launch $500m secondary fund in India</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/money-5530537_1280.png?fit=1280,916&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo credit: Pixabay</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>US-based venture capital firm Tribe Capital, which has a dedicated India investment vehicle, has partnered with homegrown investment firm Oister Global to launch a new fund focused on secondary transactions in India.</p>
<p>Together, Tribe Capital and Oister Global will invest $500 million in the next two years.</p>
<p>The Indian secondary market has steadily become a substantive source of funding. In the last 4–5 years, $7.7 billion has been transacted – a number that rivals total amounts raised via IPO exits during the same period, the firms said in a joint statement.</p>
<p>“Secondaries will be the tipping point for qualified investors to enter private markets, just as IPOs have revolutionised access to public markets,” said Sandeep Sinha, Co-CEO of Oister.</p>
<p>Globally, the secondaries’ market is estimated at over $130 billion, while India’s secondaries are still at an early stage. The launch of this franchise seeks to capitalise on the growing demand and bring unparalleled expertise to the table.</p>
<p>“The Indian private equity and venture capital sectors are ripe for secondaries, with increasing numbers of investors seeking to monetise their positions. In the first half of 2024, 62% of startup deals valued between $50-500 million were secondary transactions or buyouts. As companies with strong unit economics prepare for potential IPOs, we expect demand for secondaries to soar,” said Raj Snehil Juneja, co-founder of Tribe Capital India.</p>
<p>Earlier this year, <a href="https://www.dealstreetasia.com/stories/tribe-capital-first-india-fund-384291">DealStreetAsia</a> reported that Tribe Capital is looking to launch a fund dedicated to the country with a target corpus of $150 million.</p>
<p>Tribe Capital has been so far investing in India through its three global venture funds that have a combined corpus of over $800 million.</p>
<p>It is understood to have invested over $1.5 billion across diverse markets and has backed 13 unicorns, of which two are in India. These include Shiprocket, a logistics tech platform headquartered in Bengaluru; and online trucking platform BlackBuck.</p>
<p>The firm’s portfolio companies include Khatabook, a digital ledger app that helps micro, small and medium-sized businesses track transactions; health and insurtech startup Loop Health; and Krab, a SaaS and fintech startup that enables truckers/trucking companies with no formal credit score to access loans from banks.</p>
<p><a href="https://www.dealstreetasia.com/stories/oister-global-launches-fund-394065">Oister Global</a> floated a new fund worth $53 million in April to fuel innovations across consumption-driven and emerging technology-led sectors. Founded by Rohit Bhayana and Sandeep Sinha, Oister has previously invested in funds like Blume Ventures and Stride Ventures.</p>
</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/joymitradealstreetasia-com/" target="_blank" rel="noopener noreferrer">Joymitra Rai</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:23 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/tribe-capital-oister-global-413298/</link>
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<category>India</category>
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<title>Warburg Pincus exits India's CarTrade Tech in $45m share sale</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2018/07/used-cars-reu-e1641514728427.jpg?fit=978,494&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo: Reuters</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>U.S.-based private equity firm Warburg Pincus’s unit sold its entire 8.6% stake in Indian automobile portal CarTrade Tech on Tuesday through a bulk deal worth 3.75 billion rupees ($44.86 million), according to NSE data.</p>
<p>As of June 30, Warburg Pincus owned more than 4 million shares in CarTrade through its unit Highdell Investment, making it the company’s second-largest shareholder, according to LSEG data.</p>
<p>Highdell sold its entire stake for 920.3 rupees per share, a nearly 6% discount to CarTrade’s closing price on Monday.</p>
<p>Mirae Asset Mutual Fund purchased over 3 million shares at an average price of 920 rupees per share.</p>
<p>($1 = 83.5930 Indian rupees)</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:20 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/warburg-pincus-cartrade-413239/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/warburg-pincus-cartrade-413239/</guid>
<category>India</category>
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<title>Macquarie to take minority stake in D.E. Shaw's green energy arm for up to $1.73b</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/08/hero-careers-philadelphia-office2.jpeg?fit=1056,594&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Source: Macquarie's website</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Macquarie Group’s asset management division is taking a minority stake in the green-energy arm of U.S. investor D.E. Shaw for an equity investment of as much as $1.73 billion, the Australian company said on Tuesday.</p>
<p>The deal, subject to regulatory approvals, is being struck between funds managed by Macquarie Asset Management and D.E. Shaw Renewable Investments (DESRI), which according to Macquarie has a development pipeline of over 25 gigawatts.</p>
<p>Macquarie’s investment comes at a time when global firms are facing the brunt of rising geopolitical turbulence, high borrowing costs and sticky inflation.</p>
<p>The investment shows strong demand from corporations and governments to adopt cleaner sources of power and combat climate change.</p>
<p>“We believe that this partnership with DESRI well-positions Macquarie Asset Management to capture this opportunity and help accelerate the transition to net zero,” said William Demas, head of Macquarie Asset Management Green Investments for the Americas.</p>
<p>“With the growth of the renewable energy market, suppliers and customers are seeking trusted partners that can scale and consolidate the market.”</p>
<p>DESRI operates across 24 states with over 10 gigawatts of generation capacity, according to its website.</p>
<p>Bloomberg News first reported on the investment earlier on Tuesday.</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:20 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/macquarie-d-e-shaw-413243/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/macquarie-d-e-shaw-413243/</guid>
<category>World</category>
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<title>Bain-backed Japanese chipmaker Kioxia scraps plans for October IPO: report</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/Kioxia-scaled-e1727174704542.jpg?fit=940,565&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">FILE PHOTO: Japanese chipmaker Kioxia's logo and promotional video on a screen are pictured at its headquarters in Tokyo, Japan, September 30, 2021. REUTERS/Kim Kyung-Hoon/File Photo</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Bain-backed memory chipmaker<span class="highlight" data-qa-component="highlight-text">&nbsp;Kioxia&nbsp;</span>has scrapped its plan for an initial public offering (IPO) in October, three sources familiar with the matter said.</p>
<p>Bain had been targeting a market value of 1.5 trillion yen ($10.39 billion) for<span class="highlight" data-qa-component="highlight-text">&nbsp;Kioxia&nbsp;</span>but the recent sell-off in shares of its listed peers has made that pricing challenging, two of the sources said.</p>
<p>Shares in Samsung Electronics, SK Hynix and Micron Technology are down roughly a third from recent highs.</p>
<p><span class="highlight" data-qa-component="highlight-text">Kioxia&nbsp;</span>had been targeting an IPO in late October, Reuters has reported previously.</p>
<p>Bain declined to comment.<span class="highlight" data-qa-component="highlight-text">&nbsp;Kioxia&nbsp;</span>said it is preparing to list at the appropriate time.</p>
<p>Japan’s stock market suffered a historic rout in early August, sparked by a surprise rate hike and fears of a U.S. recession, before regaining ground.</p>
<p>The benchmark index is up around 13% year-to-date.</p>
<p>Subway operator Tokyo Metro and X-ray testing tool maker Rigaku are aiming to raise a combined $3.1 billion in IPOs next month.</p>
<p>The two deals, if successful, will more than double the value of IPOs launched in Japan so far in 2024, according to LSEG data.</p>
<p><span class="highlight" data-qa-component="highlight-text">Kioxia</span>, which has been hammered by a slump in the memory chip market, has reported improving results as average selling prices increase.</p>
<p>The chipmaker has a 14% share in the flash memory market, according to TrendForce.</p>
<p><span class="highlight" data-qa-component="highlight-text">Kioxia</span>, previously Toshiba Memory, was sold by Toshiba to a consortium led by Bain Capital for $18 billion in 2018.</p>
<p>Plans to IPO were postponed in 2020 amid uncertainty in the global chip market stemming from U.S-China tensions.</p>
<p>Merger talks with Western Digital stalled last October because SK Hynix opposed the deal.</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:21 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/kioxia-scraps-october-ipo-plans-413181/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/kioxia-scraps-october-ipo-plans-413181/</guid>
<category>Rest of Asia</category>
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<title>Thailand’s 10 Bridge Capital secures $195m first close of latest PE fund</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/IMG_6511-2.jpg?fit=1440,863&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo by Pimfha Chan</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><span style="font-weight: 400;">Thailand’s 10 Bridge Capital (formerly Hatton Equity Partners) has garnered $195 million in the first close of its fourth Thailand-focused private equity fund, defying <a href="https://www.dealstreetasia.com/stories/private-equity-in-se-asia-h1-2024-review-summary-411882">the challenging fundraising climate</a> for Southeast Asian fund managers.</span></p>
<p><span style="font-weight: 400;">The Bangkok-based private equity firm is planning to raise $250 million in total for 10 Bridge Fund IV, which will invest in buyout and growth equity deals in Thai businesses, according to its partner Samon Suwannarat. The fund’s first milestone, which accounts for 78% of the target, was backed by existing investors and relationships.</span></p>
<p><!--more--></p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/pramod-mathew/" target="_blank" rel="noopener noreferrer">Pramod Mathew</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:20 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/10-bridge-capital-first-close-412499/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/10-bridge-capital-first-close-412499/</guid>
<category>Thailand</category>
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<title>Fubon Life offloads 5 funds at $270m profit; Cathay Life commits $50m to Summit Partners vehicle</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2021/04/taipei-101-e1627949602278.jpeg?fit=1024,607&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Taipei. Photo: Unsplash</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Taiwanese insurer <a href="https://www.dealstreetasia.com/search/page/1?s=Fubon%20Life%20Insurance&amp;sort_by=recent">Fubon Life Insurance</a> has disposed of its holdings in three USD-denominated and two EUR-denominated funds at an expected profit of about $270 million.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/padmapriya/" target="_blank" rel="noopener noreferrer">Padma Priya</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Wed, 25 Sep 2024 14:48:20 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/fubon-life-cathay-life-413092/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/fubon-life-cathay-life-413092/</guid>
<category>Greater China</category>
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<title>General Atlantic plans Abu Dhabi office by year-end</title>
<description></description>
<link>https://dealstreetasia.com/stories/general-atlantic-abu-dhabi-413095/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/general-atlantic-abu-dhabi-413095/</guid>
<category>World</category>
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<title>Brookfield raises $2.4b in initial close for UAE-backed climate fund</title>
<description></description>
<link>https://dealstreetasia.com/stories/brookfield-raises-2-4b-in-initial-close-for-uae-backed-climate-fund-413037/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/brookfield-raises-2-4b-in-initial-close-for-uae-backed-climate-fund-413037/</guid>
<category>Rest of Asia</category>
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<title>Australia’s Healius to sell diagnostic imaging arm to Affinity for $657m</title>
<description></description>
<link>https://dealstreetasia.com/stories/healius-affinity-412902/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/healius-affinity-412902/</guid>
<category>Rest of Asia</category>
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<title>Data Vantage: Zepto, Columbia Asia, AIZEN and Maya Innovations in focus</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/07/data-vantage-story-e1722274797249.jpg?fit=980,547&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV"></p><div class="NewsletterForm_wrapper__TKadw" style="background-color:#e7f7ff"><div class="NewsletterForm_form_content__mxctJ"><p style="margin-bottom:0px">This web version of the DATA VANTAGE twice-weekly premium newsletter is available only to our premium subscribers. Unlock access by picking up any of our <a href="https://dealstreetasia.com/plans/">premium subscription plans</a>.</p></div></div></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Indian quick commerce unicorn <a href="https://data.dealstreetasia.com/app/company/202028972W">Zepto</a> received $317.8 million last week from investors, including <strong>General Catalyst, Mars Growth Capital, Lightspeed Venture Partners</strong> and <strong>StepStone Group</strong>.<!--more--></p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/deepshikha-monga/" target="_blank" rel="noopener noreferrer">Deepshikha Monga</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Thu, 26 Sep 2024 02:06:47 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/data-vantage-zepto-columbia-413411/</link>
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<category>Deals</category>
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<title>Fundraising in China, India on target to grow in 2024; SE Asia faces another decline</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2022/01/money-dollar-e1643729413396.png?fit=1024,570&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo by Pixabay</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Fundraising by startups based in Greater China and India this year are on target to exceed full-year 2023 levels, if the current momentum sustains, suggest half-yearly fundraising trends compiled by DealStreetAsia.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/pramod-mathew/" target="_blank" rel="noopener noreferrer">Pramod Mathew</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Thu, 26 Sep 2024 02:06:46 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/h1-fundraising-trends-asia-412428/</link>
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<category>Analysis</category>
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<title>Get a holistic view of Asia with bundled subscription to DSA and FTChinese</title>
<description><p style="font-size:12px;font-family:Montserrat"><span style="border-left:5px solid #39a9e1;font-size:12px;font-weight:700;background-color:#2671b8;color:white;padding:0px 5px;display:inline-block">Partner content</span> <!-- -->in association with </p><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%271199%27%20height=%27700%27/%3e" referrerpolicy="no-referrer"></span><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" referrerpolicy="no-referrer"><noscript><img srcSet="https://media.dealstreetasia.com/uploads/2024/09/Partner-content-images-1-1.png?resize=1200,undefined&amp;q=75 1x, https://media.dealstreetasia.com/uploads/2024/09/Partner-content-images-1-1.png?resize=1920,undefined&amp;q=75 2x" src="https://media.dealstreetasia.com/uploads/2024/09/Partner-content-images-1-1.png?resize=1920,undefined&amp;q=75" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" class="Story_image__prqFX" loading="lazy"/></noscript></span><span class="Story_caption__qf6pV"></span></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><p><b>Get a holistic view of Asia with a bundled subscription to DSA and FTChinese</b></p>
<p><span style="font-weight: 400;">Understanding Southeast Asia and China requires more than just regional coverage. These two markets are deeply intertwined—economically, culturally and politically—to such an extent that staying informed on one region without the other leaves critical gaps in understanding.</span></p>
<p><span style="font-weight: 400;">That’s why </span><i><span style="font-weight: 400;">DealStreetAsia</span></i><span style="font-weight: 400;"> and our friends at </span><i><span style="font-weight: 400;">Financial Times Chinese </span></i><span style="font-weight: 400;">(</span><i><span style="font-weight: 400;">FTChinese</span></i><span style="font-weight: 400;">) have joined hands </span><b>to offer a bundled subscription</b><span style="font-weight: 400;">—read premium articles from both portals at $320 first year, that’s a discount of </span><b>upto 50%</b><span style="font-weight: 400;">.</span></p>
<p><span style="font-weight: 400;">Those following Greater China and Southeast Asia’s financial landscape will find the offer invaluable.</span></p>
<p><b>Built on expertise</b></p>
<p><span style="font-weight: 400;">FTChinese, part of the Financial Times Group, is renowned for its analysis of global financial trends, with a focus on China. FTChinese delivers crucial content to help stay ahead in one of the world’s most dynamic economies.</span></p>
<p><span style="font-weight: 400;">DealStreetAsia, founded in 2014, is a go-to platform for private capital, investment, and dealmaking across Asia. Our on-the-ground reporting, which spans China, Hong Kong, South Asia, and Southeast Asia, offers readers unique insights into the trends shaping the region.&nbsp;</span></p>
<p><span style="font-weight: 400;">“This collaboration combines FTChinese’s authoritative global financial insights with DealStreetAsia’s in-depth analysis of Southeast Asia, Greater China, and India,” said Tracy Zhang, Publisher at FTChinese.com. “It equips our readers with a fuller understanding of global economic trends and the ability to seize regional investment opportunities.”</span></p>
<p><span style="font-weight: 400;">Joji Thomas Philip, Founder of DealStreetAsia, emphasised: “Our partnership with FTChinese reinforces our commitment to Greater China—a market central to green tech and alternative assets.”</span></p>
<p><span style="font-weight: 400;">Stay ahead and informed by availing of this bundled subscription and get a full spectrum of news, analysis, and perspectives, all in one place.</span></p>
<p><a href="https://www.ftmembercare.com/m/corp/preview.html?pageid=dsa_ftc&amp;to=all&amp;showImage=yes"><span style="font-weight: 400;">Subscribe now</span></a></p>
</div></div></div><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/partner-content/get-a-holistic-view-of-asia-with-a-bundled-subscription-to-dsa-and-ftchinese</link>
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<title>65 Equity Partners in talks to back SG home appliances startup PRISM+</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/prism-e1727171827390.jpg?fit=940,564&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Source: PRISM+'s social media page</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><span style="font-weight: 400;">Temasek-backed 65 Equity Partners is weighing an investment in Singaporean home appliance maker PRISM+, according to multiple sources familiar with the matter.</span></p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/pramod-mathew/" target="_blank" rel="noopener noreferrer">Pramod Mathew</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Thu, 26 Sep 2024 02:06:46 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/65-equity-partners-prism-412943/</link>
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<category>Deals</category>
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<title>Global investors bet on multifaceted opportunities in SE Asia</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/global-investors.jpeg?fit=1280,853&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">[From L to R]: Dylan Loh, Singapore Correspondent, Nikkei Asia; Piruze Sabuncu, Partner, Square Peg; Peter Na, Director/Regional Head, Southeast Asia, Atinum Investment; Jessica Liu, Partner, AppWorks; Yoonmin Cho, Partner, Sopoong Ventures
</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p class="p1">Southeast Asia remains a hotspot for global investors as a blend of rapidly growing economies and tech-savvy population present unique opportunities and challenges in the region, global venture capitalists said at DealStreetAsia’s Asia PE-VC Summit 2024 in Singapore last week.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/joymitradealstreetasia-com/" target="_blank" rel="noopener noreferrer">Joymitra Rai</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Thu, 26 Sep 2024 02:06:49 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/global-investors-se-asia-413135/</link>
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<category>Asia PE-VC Summit 2024</category>
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<title>MBK, Young Poong raise tender offer to $1.7b for Korea Zinc shares</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2016/08/south-korea-currency-e1646612146126.jpg?fit=978,489&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">South Korean 10,000 won note is seen on U.S. 100 dollar notes in this picture illustration taken in Seoul, South Korea, December 15, 2015. REUTERS/Kim Hong-Ji</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Private equity firm MBK Partners and Young Poong raised their tender offer price for shares in top non-ferrous metal smelter Korea Zinc to 750,000 won per share, up from 660,000 won initially, they said in a regulatory filing.</p>
<p>The move makes the tender offer now worth as much as 2.3 trillion won ($1.7 billion), according to Reuters calculations.</p>
<p>On Wednesday, Korea Zinc shares closed at 704,000 won.</p>
<p>The tender offer ends on Oct. 6, with the last trading day on Oct. 4.</p>
<p>Young Poong is already Korea Zinc’s largest shareholder, with a 25.4% stake as of end-June.</p>
<p>The current management at Korea Zinc, which has deemed the tender offer a “hostile” takeover attempt, is working to secure support from various parties, officials said. They declined to confirm the parties.</p>
<p>An analysis by Meritz Securities showed that as of early September Young Poong and investors supportive of it controlled a 33.13% stake, while Korea Zinc’s current management and supportive investors controlled a 33.99% stake.</p>
<p>($1 = 1,333.2900 won)</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Thu, 26 Sep 2024 02:06:48 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/mbk-young-poong-korea-zinc-2-413427/</link>
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<category>Rest of Asia</category>
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<title>India: Mt. K Kapital raises about $60m to invest in real estate projects</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2019/01/photo-1536659622540-0b4c2331489c-e1637972176860.jpeg?fit=1027,516&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo by rawpixel on Unsplash</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Mt. K Kapital has raised over Rs 500 crore (about $60 million) for its maiden fund from marquee investors such as SBI, ICICI Bank, and Famy Care, besides high networth individuals, per an announcement.</p>
<p>A category II AIF registered with the Indian capital market regulator, Mt. K Resi Development Fund has already raked in over Rs 300 crore of the targeted corpus and has committed the amount to five real estate projects in some of Mumbai’s prime locations.</p>
<p>The fund is now exercising its green shoe option and is targeting to hit the final close shortly.</p>
<p>Mt. K Kapital targets quick turnaround residential projects with low equity investments and gives investors a share of project profits from redevelopment assets across Mumbai.</p>
<p>In total, Mt. K Resi Development Fund, an ESG Impact Development Fund, plans to invest in 10-12 projects, focusing on redevelopment with the Rustomjee Group, a prominent property developer and builder in Mumbai.</p>
<p>“It is an exciting time to invest in real estate… We believe that our structure will offer value to investors looking to capitalise on the growth of real estate as an asset class,” said Boman Irani, Chairman &amp; Managing Director of Rustomjee Group.</p>
<p>Meanwhile, Binitha Dalal, Founder and Managing Partner at Mt. K Kapital added: “The current performance of our investments and the selection of strategic locations for our projects have reaffirmed our investment thesis. We are evaluating a robust pipeline of similar projects along with deal sizes between Rs 60-90 crore to strengthen our portfolio.”</p>
</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/padmapriya/" target="_blank" rel="noopener noreferrer">Padma Priya</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Thu, 26 Sep 2024 02:06:46 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/mt-k-kapital-maiden-fund-413406/</link>
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<category>India</category>
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<title>Silicon Valley's Tribe Capital, Oister Global to launch $500m secondary fund in India</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/money-5530537_1280.png?fit=1280,916&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo credit: Pixabay</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>US-based venture capital firm Tribe Capital, which has a dedicated India investment vehicle, has partnered with homegrown investment firm Oister Global to launch a new fund focused on secondary transactions in India.</p>
<p>Together, Tribe Capital and Oister Global will invest $500 million in the next two years.</p>
<p>The Indian secondary market has steadily become a substantive source of funding. In the last 4–5 years, $7.7 billion has been transacted – a number that rivals total amounts raised via IPO exits during the same period, the firms said in a joint statement.</p>
<p>“Secondaries will be the tipping point for qualified investors to enter private markets, just as IPOs have revolutionised access to public markets,” said Sandeep Sinha, Co-CEO of Oister.</p>
<p>Globally, the secondaries’ market is estimated at over $130 billion, while India’s secondaries are still at an early stage. The launch of this franchise seeks to capitalise on the growing demand and bring unparalleled expertise to the table.</p>
<p>“The Indian private equity and venture capital sectors are ripe for secondaries, with increasing numbers of investors seeking to monetise their positions. In the first half of 2024, 62% of startup deals valued between $50-500 million were secondary transactions or buyouts. As companies with strong unit economics prepare for potential IPOs, we expect demand for secondaries to soar,” said Raj Snehil Juneja, co-founder of Tribe Capital India.</p>
<p>Earlier this year, <a href="https://www.dealstreetasia.com/stories/tribe-capital-first-india-fund-384291">DealStreetAsia</a> reported that Tribe Capital is looking to launch a fund dedicated to the country with a target corpus of $150 million.</p>
<p>Tribe Capital has been so far investing in India through its three global venture funds that have a combined corpus of over $800 million.</p>
<p>It is understood to have invested over $1.5 billion across diverse markets and has backed 13 unicorns, of which two are in India. These include Shiprocket, a logistics tech platform headquartered in Bengaluru; and online trucking platform BlackBuck.</p>
<p>The firm’s portfolio companies include Khatabook, a digital ledger app that helps micro, small and medium-sized businesses track transactions; health and insurtech startup Loop Health; and Krab, a SaaS and fintech startup that enables truckers/trucking companies with no formal credit score to access loans from banks.</p>
<p><a href="https://www.dealstreetasia.com/stories/oister-global-launches-fund-394065">Oister Global</a> floated a new fund worth $53 million in April to fuel innovations across consumption-driven and emerging technology-led sectors. Founded by Rohit Bhayana and Sandeep Sinha, Oister has previously invested in funds like Blume Ventures and Stride Ventures.</p>
</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/joymitradealstreetasia-com/" target="_blank" rel="noopener noreferrer">Joymitra Rai</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Thu, 26 Sep 2024 02:06:47 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/tribe-capital-oister-global-413298/</link>
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<category>India</category>
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<title>Warburg Pincus exits India's CarTrade Tech in $45m share sale</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2018/07/used-cars-reu-e1641514728427.jpg?fit=978,494&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo: Reuters</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>U.S.-based private equity firm Warburg Pincus’s unit sold its entire 8.6% stake in Indian automobile portal CarTrade Tech on Tuesday through a bulk deal worth 3.75 billion rupees ($44.86 million), according to NSE data.</p>
<p>As of June 30, Warburg Pincus owned more than 4 million shares in CarTrade through its unit Highdell Investment, making it the company’s second-largest shareholder, according to LSEG data.</p>
<p>Highdell sold its entire stake for 920.3 rupees per share, a nearly 6% discount to CarTrade’s closing price on Monday.</p>
<p>Mirae Asset Mutual Fund purchased over 3 million shares at an average price of 920 rupees per share.</p>
<p>($1 = 83.5930 Indian rupees)</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Thu, 26 Sep 2024 02:06:46 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/warburg-pincus-cartrade-413239/</link>
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<category>India</category>
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<title>Macquarie to take minority stake in D.E. Shaw's green energy arm for up to $1.73b</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/08/hero-careers-philadelphia-office2.jpeg?fit=1056,594&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Source: Macquarie's website</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Macquarie Group’s asset management division is taking a minority stake in the green-energy arm of U.S. investor D.E. Shaw for an equity investment of as much as $1.73 billion, the Australian company said on Tuesday.</p>
<p>The deal, subject to regulatory approvals, is being struck between funds managed by Macquarie Asset Management and D.E. Shaw Renewable Investments (DESRI), which according to Macquarie has a development pipeline of over 25 gigawatts.</p>
<p>Macquarie’s investment comes at a time when global firms are facing the brunt of rising geopolitical turbulence, high borrowing costs and sticky inflation.</p>
<p>The investment shows strong demand from corporations and governments to adopt cleaner sources of power and combat climate change.</p>
<p>“We believe that this partnership with DESRI well-positions Macquarie Asset Management to capture this opportunity and help accelerate the transition to net zero,” said William Demas, head of Macquarie Asset Management Green Investments for the Americas.</p>
<p>“With the growth of the renewable energy market, suppliers and customers are seeking trusted partners that can scale and consolidate the market.”</p>
<p>DESRI operates across 24 states with over 10 gigawatts of generation capacity, according to its website.</p>
<p>Bloomberg News first reported on the investment earlier on Tuesday.</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Thu, 26 Sep 2024 02:06:47 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/macquarie-d-e-shaw-413243/</link>
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<category>World</category>
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<title>Bain-backed Japanese chipmaker Kioxia scraps plans for October IPO: report</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/Kioxia-scaled-e1727174704542.jpg?fit=940,565&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">FILE PHOTO: Japanese chipmaker Kioxia's logo and promotional video on a screen are pictured at its headquarters in Tokyo, Japan, September 30, 2021. REUTERS/Kim Kyung-Hoon/File Photo</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Bain-backed memory chipmaker<span class="highlight" data-qa-component="highlight-text">&nbsp;Kioxia&nbsp;</span>has scrapped its plan for an initial public offering (IPO) in October, three sources familiar with the matter said.</p>
<p>Bain had been targeting a market value of 1.5 trillion yen ($10.39 billion) for<span class="highlight" data-qa-component="highlight-text">&nbsp;Kioxia&nbsp;</span>but the recent sell-off in shares of its listed peers has made that pricing challenging, two of the sources said.</p>
<p>Shares in Samsung Electronics, SK Hynix and Micron Technology are down roughly a third from recent highs.</p>
<p><span class="highlight" data-qa-component="highlight-text">Kioxia&nbsp;</span>had been targeting an IPO in late October, Reuters has reported previously.</p>
<p>Bain declined to comment.<span class="highlight" data-qa-component="highlight-text">&nbsp;Kioxia&nbsp;</span>said it is preparing to list at the appropriate time.</p>
<p>Japan’s stock market suffered a historic rout in early August, sparked by a surprise rate hike and fears of a U.S. recession, before regaining ground.</p>
<p>The benchmark index is up around 13% year-to-date.</p>
<p>Subway operator Tokyo Metro and X-ray testing tool maker Rigaku are aiming to raise a combined $3.1 billion in IPOs next month.</p>
<p>The two deals, if successful, will more than double the value of IPOs launched in Japan so far in 2024, according to LSEG data.</p>
<p><span class="highlight" data-qa-component="highlight-text">Kioxia</span>, which has been hammered by a slump in the memory chip market, has reported improving results as average selling prices increase.</p>
<p>The chipmaker has a 14% share in the flash memory market, according to TrendForce.</p>
<p><span class="highlight" data-qa-component="highlight-text">Kioxia</span>, previously Toshiba Memory, was sold by Toshiba to a consortium led by Bain Capital for $18 billion in 2018.</p>
<p>Plans to IPO were postponed in 2020 amid uncertainty in the global chip market stemming from U.S-China tensions.</p>
<p>Merger talks with Western Digital stalled last October because SK Hynix opposed the deal.</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Thu, 26 Sep 2024 02:06:46 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/kioxia-scraps-october-ipo-plans-413181/</link>
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<category>Rest of Asia</category>
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<title>Thailand’s 10 Bridge Capital secures $195m first close of latest PE fund</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/IMG_6511-2.jpg?fit=1440,863&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Photo by Pimfha Chan</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><span style="font-weight: 400;">Thailand’s 10 Bridge Capital (formerly Hatton Equity Partners) has garnered $195 million in the first close of its fourth Thailand-focused private equity fund, defying <a href="https://www.dealstreetasia.com/stories/private-equity-in-se-asia-h1-2024-review-summary-411882">the challenging fundraising climate</a> for Southeast Asian fund managers.</span></p>
<p><span style="font-weight: 400;">The Bangkok-based private equity firm is planning to raise $250 million in total for 10 Bridge Fund IV, which will invest in buyout and growth equity deals in Thai businesses, according to its partner Samon Suwannarat. The fund’s first milestone, which accounts for 78% of the target, was backed by existing investors and relationships.</span></p>
<p><!--more--></p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/pramod-mathew/" target="_blank" rel="noopener noreferrer">Pramod Mathew</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Thu, 26 Sep 2024 02:06:47 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/10-bridge-capital-first-close-412499/</link>
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<category>Thailand</category>
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<title>Data Vantage: Zepto, Columbia Asia, AIZEN and Maya Innovations in focus</title>
<description></description>
<link>https://dealstreetasia.com/stories/data-vantage-zepto-columbia-413411/</link>
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<category>India</category>
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<title>Indian home interior firm Homelane to buy Design Cafe, raises $27m</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/Founders-of-DesignCafe-and-HomeLane-R-to-L-Gita-Ramanan-DesignCafe-Shezaan-Bhojani-DesignCafe-and-Srikanth-Iyer-HomeLane-and-Tanuj-Choudhry-HomeLane.png?fit=940,410&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Founders of DesignCafe and HomeLane - R to L Gita Ramanan (DesignCafe), Shezaan Bhojani (DesignCafe) and Srikanth Iyer (HomeLane) and Tanuj Choudhry (HomeLane)</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Home interior startup Homelane on Wednesday said it has agreed to buy smaller rival DesignCafe in a deal that will value the combined entity worth Rs 3,000 crore ($358 million).</p>
<p>Separately, the combined firm is raising Rs 225 crore ($27 million) from existing investors as well as external investor Hero Enterprise.</p>
<p>Post-acquisition, the combined entity is expected to achieve a revenue of Rs 1,000 crore in FY2025, up 33% from Rs 761 crore in FY2024, and be EBITDA profitable.</p>
<p>Currently, the combined entity is at an annual recurring revenue of Rs 900 crore, is cash profitable, and at -2% EBITDA.</p>
<p>While DesignCafe was founded in 2016 by Gita Ramanan and Shezaan Bhojani, HomeLane, which operates four brands— HomeLane, Doowup, and Cubico (corporate interiors) and Wrapzap, was established in 2014.</p>
<p>HomeLane, Doowup, and DesignCafe will continue to operate as distinct end-to-end interiors brands, each catering to different segments of the market.</p>
<p>The acquisition is expected to unlock significant savings across areas such as manufacturing, design, procurement, and technology.</p>
<p>DesignCafe raised Rs 40 crore, led by private equity fund WestBridge Capital, Mirabilis Investment Trust, and venture debt fund Alteria Capital, in March last year. <a href="https://www.dealstreetasia.com/stories/homelane-funding-india-deals-348359">Homelane</a> secured funding worth $9.1 million in a bridge round from its existing investors last year.</p>
<div class="Story_text_content__SUGxB">
<article>The interior designing and home furnishing market in India, which is pegged to be worth around $30 million, is crowded by the likes of Livspace, Prolance, and interior design software startup Infurnia. Earlier this month, Mumbai-based interior design startup Flipspaces raised $4 million in its pre-Series B funding round led by Prashasta Seth, former CEO of IIFL AMC.</article>
</div>
</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/joymitradealstreetasia-com/" target="_blank" rel="noopener noreferrer">Joymitra Rai</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Thu, 26 Sep 2024 02:06:47 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/homelane-design-cafe-413387/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/homelane-design-cafe-413387/</guid>
<category>India</category>
</item>
<item>
<title>India Digest: Nurix AI, CoRover raise funding</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/07/india-deal-monitor.jpg?fit=979,547&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV"></p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p><a href="https://www.dealstreetasia.com/countries/india">Nurix AI</a> has raised $27.5 million in seed-Series A funding round, while <a href="https://www.dealstreetasia.com/countries/india">CoRover</a> has raised $4 million in its Series A funding round led by <a href="https://www.dealstreetasia.com/countries/india">Venture Catalysts</a>.</p>
<h3>Nurix AI bags $27.5m from Accel, others</h3>
<p><a href="https://www.dealstreetasia.com/countries/india">Nurix AI</a>, a startup founded by Myntra and Cultfit founder Mukesh Bansal, on Tuesday announced that it has raised $27.5 million in seed-Series A funding co-led by General Catalyst and Accel, with participation from Meraki Labs.</p>
<p>Nurix will use the funds for expanding its technological base and scaling its operations in Asia and Northern America. This includes enhancing R&amp;D and strengthening partnerships with AI hardware and product companies, it said in a statement.</p>
<p>Founded earlier this year, Nurix AI specialises in building custom AI agents with proprietary human-like voice and reasoning abilities to fuel productivity and enhance customer experiences for global enterprises.</p>
<h3>CoRover secures $4m led by Venture Catalysts</h3>
<p>Conversational AI platform <a href="https://www.dealstreetasia.com/countries/india">CoRover</a> has raised $4 million in its Series A funding round led by <a href="https://www.dealstreetasia.com/countries/india">Venture Catalysts</a>, per an announcement.</p>
<p>Other investors include <a href="https://www.dealstreetasia.com/countries/india">CanBank Venture Capital Fund</a> (CVCFL), IIM Calcutta (Innovation Park), IIIT Delhi (iHub Anubhuti IIITD Foundation), Cogniphy LLC, Karekeba Ventures, Lead Angels and more, the startup said in a statement.</p>
<p>The funding will enable CoRover to further develop its technology, expand its team of AI experts, and accelerate its go-to-market strategy. The company also plans to focus on enhancing its enterprise (B2G and B2B), B2B2C, and B2C offerings while also exploring new revenue streams through subscription-based models, ad-based revenue, and transaction-based fees.</p>
<p>Founded by Ankush Sabharwal (CEO), Kunal Bhakhri, and Manav Gandotra, CoRover claims to empower businesses to create engaging and personalised conversational experiences across various channels, including AI chatbots, AI voicebots, AI videobots, IVR bots, and WhatsApp bots. It&nbsp;caters to a wide range of industries, including e-commerce, healthcare, finance, education, BFSI, mobility, and retail.</p>
</article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/joymitradealstreetasia-com/" target="_blank" rel="noopener noreferrer">Joymitra Rai</a></span></p></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Thu, 26 Sep 2024 02:06:48 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/nurix-corover-413296/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/nurix-corover-413296/</guid>
<category>India</category>
</item>
<item>
<title>Meituan raises $2.5b dollar bonds in China's first tech debt deal this year</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/2024-09-25T002445Z_1_LYNXMPEK8O00A_RTROPTP_4_MEITUAN-BONDS-scaled.jpg?fit=2560,1707&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">A delivery worker picks up goods at a logistics station of online grocery platform by Meituan in Beijing, China, November 23, 2022. REUTERS/Tingshu Wang/File Photo</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Meituan, China’s biggest delivery platform, has raised $2.5 billion in a two-tranche dollar bond deal, according to its regulatory filings on Wednesday, in the country’s first offshore technology sector debt issuance this year.</p>
<p>A 3.5-year bond raised $1.2 billion while a 5-year bond raised $1.3 billion, the filings showed.</p>
<p>The final size of the deal was larger than the $2 billion that Meituan planned to raise when the deal was kicked off on Tuesday.</p>
<p>The 3.5-year deal was priced at 3-year Treasuries plus 115 basis points, while the longer-dated bond was set at 5-year Treasuries plus 125 basis points.</p>
<p>Meituan, which has an app that provides services as varied as bike-sharing, ticket-booking and maps, had flagged to investors on Tuesday price guidance for the 3.5-year bond was 3-year Treasuries plus about 145 basis points.</p>
<p>For the longer-dated bond, the guidance was 5-year Treasuries plus about 160 basis points.</p>
<p>Meituan’s deal is the first Chinese technology sector dollar bond deal in 2024, according to Dealogic data.</p>
<p><strong>Reuters</strong></p>
</article></div><div class="edited-by" style="font-weight:600"></div></div></div><div class="row"><div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Thu, 26 Sep 2024 02:06:49 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/meituan-raises-2-5bn-in-dollar-bonds-in-chinas-first-tech-debt-deal-of-2024-413302/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/meituan-raises-2-5bn-in-dollar-bonds-in-chinas-first-tech-debt-deal-of-2024-413302/</guid>
<category>Greater China</category>
</item>
<item>
<title>IFC proposes $59m loan package to Chinese chemical shipping firm Xingtong</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2018/05/IFC-window--e1621558898879.jpg?fit=979,499&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">IFC/World Bank HQ. Photo: IFC</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>World Bank Group member <a href="https://www.dealstreetasia.com/search/page/1?s=International%20Finance%20Corporation&amp;sort_by=recent">International Finance Corporation</a> (IFC) has proposed a $59-million green loan package to subsidiaries of Chinese chemical shipping firm <a href="https://www.dealstreetasia.com/search/page/1?s=Xingtong%20Shipping%20Co%20Ltd&amp;sort_by=recent">Xingtong Shipping Co Ltd</a>, according to a disclosure.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/pramod-mathew/" target="_blank" rel="noopener noreferrer">Pramod Mathew</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Thu, 26 Sep 2024 02:06:51 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/ifc-loan-xingtong-413265/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/ifc-loan-xingtong-413265/</guid>
<category>Greater China</category>
</item>
<item>
<title>Jungle-backed Vietnamese social commerce startup Mio ceases operations</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2022/01/MIO-PICTURE-2.png?fit=1200,900&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV"></p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Vietnamese social commerce platform <a href="https://dealstreetasia.com/tag/Mio">Mio,</a> operated by ITaphoa Company, Ltd, is said to have shut down its operations, becoming the latest casualty in a challenging market environment, DealStreetAsia has learnt.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/padmapriya/" target="_blank" rel="noopener noreferrer">Padma Priya</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Thu, 26 Sep 2024 02:06:50 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/mio-ceases-operations-410537/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/mio-ceases-operations-410537/</guid>
<category>Vietnam</category>
</item>
<item>
<title>Investor cheque sizes for growth-stage deals in healthcare are on the rise</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2020/03/Healthcare-e1638942377364.jpeg?fit=979,502&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV"></p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>With the contours of the healthcare sector changing in India and Southeast Asia and the ‘unbundling’ of services in multi-specialty hospitals, several new themes are emerging with the promise of a long-term growth story.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/author/padmapriya/" target="_blank" rel="noopener noreferrer">Padma Priya</a></span></p></div></div></div><div class="row"><div><div></div></div></div><p class="print-user-info">Printed by <!-- -->Unregistered user<!-- --> on<!-- --> <!-- -->Thu, 26 Sep 2024 02:06:46 GMT</p><div class="row"><div class="col-xl-2"></div><div class="col-sm-10"></div></div></description>
<link>https://dealstreetasia.com/stories/healthcare-story-se-asia-india-413402/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/healthcare-story-se-asia-india-413402/</guid>
<category>India</category>
</item>
<item>
<title>Fundraising in China, India on target to grow in 2024; SE Asia faces another decline</title>
<description></description>
<link>https://dealstreetasia.com/stories/h1-fundraising-trends-asia-412428/</link>
<guid isPermaLink="false">https://dealstreetasia.com/stories/h1-fundraising-trends-asia-412428/</guid>
<category>Greater China</category>
</item>
<item>
<title>Potential for strong returns is driving higher PE allocations to Asia</title>
<description><div class="Story_image_wrapper__c3VEE"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:56.17021276595745%"></span><img src="https://media.dealstreetasia.com/uploads/2024/09/IMG_0477-scaled-e1727188762244.jpg?fit=940,567&amp;resize=1920,undefined&amp;q=75" referrerpolicy="no-referrer"></span><p class="Story_caption__qf6pV">Joji Thomas Philip (left), Founder &amp; Editor-in-chief, DealStreetAsia; Huai Fong Chew, Regional Lead, East Asia &amp; the Pacific Funds, International Finance Corporation; Lay Hong Lee, Managing Director, Flexstone Partners; Brian Lam, Portfolio Manager, Private Equity Group, J.P. Morgan Asset Management; and Sunil Mishra, Partner, Adams Street Partners.</p></div><div class="row"><div class="col-xl-9"><div class="Story_text_content__SUGxB"><article><p>Asset allocators are bullish on Asia and expect to increase their commitments to the region, buoyed by its economic tailwinds and the demographic shifts that are expected to shape strong private equity returns.</p></article></div><div class="edited-by" style="font-weight:600"><p><strong>Edited by: </strong><span><a href="https://www.dealstreetasia.com/aut ... |
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<title>SG-based climate Investor Sif.vc targets $40m for debut fund</title>
<description>The company secured a licence from the Monetary Authority of Singapore in June 2024.</description>
<link>https://www.dealstreetasia.com/stories/sif-vc-debut-fund-413448/</link>
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<category>Venture Capital</category>
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<title>SG-based climate Investor Sif.vc targets $40m for debut fund</title>
<description>The company secured a licence from the Monetary Authority of Singapore in June 2024.</description>
<link>https://www.dealstreetasia.com/stories/sif-vc-debut-fund-413448/</link>
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<title>Women still constitute less than 20% of SE Asia's VC decision-makers</title>
<description>SE Asia's performance is on par with US, where about 18% of&nbsp;VC decision-makers are female.</description>
<link>https://www.dealstreetasia.com/stories/women-se-asia-venture-2024-413694/</link>
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<pubDate>Fri, 27 Sep 2024 22:11:10 GMT</pubDate>
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<category>Venture Capital</category>
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<item>
<title>Women still constitute less than 20% of SE Asia's VC decision-makers</title>
<description>SE Asia's performance is on par with US, where about 18% of&nbsp;VC decision-makers are female.</description>
<link>https://www.dealstreetasia.com/stories/women-se-asia-venture-2024-413694/</link>
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<category>Indonesia</category>
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<item>
<title>Women in SE Asia's VC Ecosystem 2024</title>
<description>Women comprise just 18% of investment decision-makers at Southeast Asia-based venture investors, finds our latest report.</description>
<link>https://www.dealstreetasia.com/reports/women-in-se-asias-vc-ecosystem-2024</link>
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<category>Singapore</category>
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<item>
<title>Shopee, Tokopedia ask merchants to pay higher fees in pursuit of profit</title>
<description>TikTok and Lazada also require SE Asian sellers to pay higher commissions.</description>
<link>https://www.dealstreetasia.com/stories/shopee-tokopedia-hike-e-commerce-fees-413720/</link>
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<pubDate>Fri, 27 Sep 2024 22:08:03 GMT</pubDate>
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</item>
<item>
<title>Shopee, Tokopedia ask merchants to pay higher fees in pursuit of profit</title>
<description>TikTok and Lazada also require SE Asian sellers to pay higher commissions.</description>
<link>https://www.dealstreetasia.com/stories/shopee-tokopedia-hike-e-commerce-fees-413720/</link>
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<pubDate>Fri, 27 Sep 2024 22:08:03 GMT</pubDate>
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<category>Indonesia</category>
</item>
<item>
<title>UK's Rightmove to consider sweetened $8.3b takeover bid from REA Group</title>
<description>Rightmove rejected the last three proposals from REA, saying they undervalued the company. </description>
<link>https://www.dealstreetasia.com/stories/rightmove-rea-group-2-413714/</link>
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<category>World</category>
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<title>Chinese courier delivery firm BingEx eyes US IPO at $1.2b valuation</title>
<description>The company is looking to raise up to $68m at the top of its targeted range.</description>
<link>https://www.dealstreetasia.com/stories/bingex-us-ipo-413713/</link>
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<pubDate>Fri, 27 Sep 2024 21:52:11 GMT</pubDate>
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<category>IPOs &amp; Markets</category>
</item>
<item>
<title>Chinese courier delivery firm BingEx eyes US IPO at $1.2b valuation</title>
<description>The company is looking to raise up to $68m at the top of its targeted range.</description>
<link>https://www.dealstreetasia.com/stories/bingex-us-ipo-413713/</link>
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<pubDate>Fri, 27 Sep 2024 21:52:11 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>Indian gaming platform Loco sells majority stake to UAE's Redwood for $65m</title>
<description>The company is backed by investors including Catamaran, Lumikai, and Hashed.</description>
<link>https://www.dealstreetasia.com/stories/loco-sells-stake-to-redwood-413666/</link>
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<pubDate>Fri, 27 Sep 2024 12:41:52 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Thailand's pension fund earmarks $11.6b for global private assets amid overhaul</title>
<description>Thailand's biggest state&nbsp;fund has seen an average return of under 3% over the past 10 years.</description>
<link>https://www.dealstreetasia.com/stories/thailands-pension-fund-global-investment-413690/</link>
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<pubDate>Fri, 27 Sep 2024 11:29:42 GMT</pubDate>
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<category>Thailand</category>
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<item>
<title>UBS in talks with 360 One for Indian wealth management JV: Report</title>
<description>The JV would help UBS to target HNIs from its existing focus on UHNIs.</description>
<link>https://www.dealstreetasia.com/stories/ubs-360-one-indian-wealth-management-jv-413686/</link>
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<pubDate>Fri, 27 Sep 2024 11:21:58 GMT</pubDate>
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</item>
<item>
<title>UBS in talks with 360 One for Indian wealth management JV: Report</title>
<description>The JV would help UBS to target HNIs from its existing focus on UHNIs.</description>
<link>https://www.dealstreetasia.com/stories/ubs-360-one-indian-wealth-management-jv-413686/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/ubs-360-one-indian-wealth-management-jv-413686/</guid>
<pubDate>Fri, 27 Sep 2024 11:21:58 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Sensodyne maker Haleon to raise stake in Chinese JV to 88%</title>
<description>The JV accounted for about 40% of&nbsp;Haleon's revenues from China last year.</description>
<link>https://www.dealstreetasia.com/stories/haleon-to-raise-stake-in-chinese-jv-413681/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/haleon-to-raise-stake-in-chinese-jv-413681/</guid>
<pubDate>Fri, 27 Sep 2024 10:55:25 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2024/09/Sensodyne-scaled-e1727443560846.jpg" type="image/jpeg"></enclosure>
<category>World</category>
</item>
<item>
<title>APAC Digest: eToro buys Spaceship for $55m, SBI Holdings backs UBX Philippines</title>
<description>SBI Holdings has bought a 16.67% stake in UBX Philippines.</description>
<link>https://www.dealstreetasia.com/stories/etoro-buys-spaceship-413655/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/etoro-buys-spaceship-413655/</guid>
<pubDate>Fri, 27 Sep 2024 09:12:33 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2024/09/handshake-7346772_1280.jpg" type="image/jpeg"></enclosure>
<category>World</category>
</item>
<item>
<title>Dusit International plans to list food business arm in Thailand</title>
<description>Dusit's food business revenue grew 33% YoY in Q1 2024 to $50m.</description>
<link>https://www.dealstreetasia.com/stories/dusit-international-thailand-ipo-413638/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/dusit-international-thailand-ipo-413638/</guid>
<pubDate>Fri, 27 Sep 2024 06:41:17 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2018/10/thai-stock-exchange-e1625525293602.jpg" type="image/jpeg"></enclosure>
<category>IPOs &amp; Markets</category>
</item>
<item>
<title>Dusit International plans to list food business arm in Thailand</title>
<description>Dusit's food business revenue grew 33% YoY in Q1 2024 to $50m.</description>
<link>https://www.dealstreetasia.com/stories/dusit-international-thailand-ipo-413638/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/dusit-international-thailand-ipo-413638/</guid>
<pubDate>Fri, 27 Sep 2024 06:41:17 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2018/10/thai-stock-exchange-e1625525293602.jpg" type="image/jpeg"></enclosure>
<category>Thailand</category>
</item>
<item>
<title>India Digest: Two Point O Capital, Care.fi raise funding</title>
<description>Multiply Ventures, RTP Global, and others also participated in Two Point O's round. </description>
<link>https://www.dealstreetasia.com/stories/two-point-care-fi-413610/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/two-point-care-fi-413610/</guid>
<pubDate>Fri, 27 Sep 2024 02:34:50 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2020/02/rupee-pixabay.jpg-1-e1637663625175.jpg" type="image/jpeg"></enclosure>
<category>India</category>
</item>
<item>
<title>Endowus posts higher losses in 2023 despite higher revenue</title>
<description>Employee compensation accounted for the largest portion of the group's expenses.</description>
<link>https://www.dealstreetasia.com/stories/endowus-earnings-fy2023-413290/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/endowus-earnings-fy2023-413290/</guid>
<pubDate>Thu, 26 Sep 2024 22:12:22 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>Strong exit outlook for Indian PE, but valuations remain a challenge</title>
<description>Higher valuations prompt the need for disciplined investment strategies.</description>
<link>https://www.dealstreetasia.com/stories/india-private-equity-landscape-413491/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/india-private-equity-landscape-413491/</guid>
<pubDate>Thu, 26 Sep 2024 22:10:58 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2024/09/AMTB6784-scaled-e1727339547294.jpg" type="image/jpeg"></enclosure>
<category>Asia PE-VC Summit 2024</category>
</item>
<item>
<title>SE Asian tech firms need to present strong bottom line to reap exits</title>
<description>Exits have been a struggle in Southeast Asia.</description>
<link>https://www.dealstreetasia.com/stories/se-asian-tech-exits-413326/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/se-asian-tech-exits-413326/</guid>
<pubDate>Thu, 26 Sep 2024 22:10:25 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2024/09/AMTB9872-scaled.jpg" type="image/jpeg"></enclosure>
<category>Asia PE-VC Summit 2024</category>
</item>
<item>
<title>Vitalbridge Capital invests in VAST and 21 Greater China deals worth over $321m</title>
<description>Fortune Capital and Primavera Capital Group led the startup’s pre-Series A round.</description>
<link>https://www.dealstreetasia.com/stories/vitalbridge-capital-vast-china-deals-413479/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/vitalbridge-capital-vast-china-deals-413479/</guid>
<pubDate>Thu, 26 Sep 2024 22:03:18 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>Swiggy files for $1.25b IPO in India's booming stock market</title>
<description>The Bengaluru-based startup is targeting a valuation of $15 billion through the offering</description>
<link>https://www.dealstreetasia.com/stories/swiggy-files-for-ipo-413590/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/swiggy-files-for-ipo-413590/</guid>
<pubDate>Thu, 26 Sep 2024 21:24:59 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2024/09/2024-09-26T155536Z_1_LYNXMPEK8P0QH_RTROPTP_4_INDIA-RETAIL-QUICK-COMMERCE-scaled.jpg" type="image/jpeg"></enclosure>
<category>India</category>
</item>
<item>
<title>People Digest: KIC names new CEO; Amundi Singapore appoints senior portfolio manager</title>
<description>KIC's new CEO Il Young Park starts his three-year term on Thursday</description>
<link>https://www.dealstreetasia.com/stories/people-digest-kic-amundi-413537/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/people-digest-kic-amundi-413537/</guid>
<pubDate>Thu, 26 Sep 2024 20:47:15 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2024/09/KIC-new-CEO_Mr.-Il-Young-Park-scaled-e1727349738142.jpg" type="image/jpeg"></enclosure>
<category>Rest of Asia</category>
</item>
<item>
<title>Chinese silicon carbide chip maker AscenPower pockets over $142m funding</title>
<description>The Series A round was co-led by Yuecai Fund and SDIC Venture Capital.</description>
<link>https://www.dealstreetasia.com/stories/chinese-silicon-carbide-chip-maker-ascenpower-pockets-over-142m-funding-413527/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/chinese-silicon-carbide-chip-maker-ascenpower-pockets-over-142m-funding-413527/</guid>
<pubDate>Thu, 26 Sep 2024 07:09:21 GMT</pubDate>
<enclosure url="https://dealstreetwebsite.s3.amazonaws.com/uploads/2024/09/Image-.webp" type="image/jpeg"></enclosure>
<category>Greater China</category>
</item>
<item>
<title>South Korea pension fund to relax FX rules to mitigate market impact</title>
<description>The change will come into effect from October.</description>
<link>https://www.dealstreetasia.com/stories/south-korea-pension-fund-to-relax-fx-rules-to-mitigate-market-impact-413508/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/south-korea-pension-fund-to-relax-fx-rules-to-mitigate-market-impact-413508/</guid>
<pubDate>Thu, 26 Sep 2024 06:03:05 GMT</pubDate>
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<category>Rest of Asia</category>
</item>
<item>
<title>Citi names Tokiya Kishie as head of Japan markets</title>
<description>Kishie&nbsp;joined&nbsp;Citi&nbsp;in 2010 after working at Nomura Securities, Lehman Brothers, and Tokyo Star Bank.</description>
<link>https://www.dealstreetasia.com/stories/citi-japan-413501/</link>
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<pubDate>Thu, 26 Sep 2024 05:49:33 GMT</pubDate>
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<category>Rest of Asia</category>
</item>
<item>
<title>S Korean battery maker SK On to lay off staff amid challenging EV market</title>
<description>SK&nbsp;On has been struggling with a drop in&nbsp;battery&nbsp;shipments&nbsp;amid&nbsp;a global slowdown in&nbsp;EV&nbsp;sales.</description>
<link>https://www.dealstreetasia.com/stories/s-korean-battery-maker-sk-on-to-lay-off-staff-amid-challenging-ev-market-413494/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/s-korean-battery-maker-sk-on-to-lay-off-staff-amid-challenging-ev-market-413494/</guid>
<pubDate>Thu, 26 Sep 2024 05:40:14 GMT</pubDate>
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<category>Rest of Asia</category>
</item>
<item>
<title>BEENEXT leads funding in First Coffee and India deals worth $324m</title>
<description>The company is set to open 35 stores across the country by Q2 2025.</description>
<link>https://www.dealstreetasia.com/stories/beenext-first-coffee-413469/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/beenext-first-coffee-413469/</guid>
<pubDate>Thu, 26 Sep 2024 04:57:32 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2024/07/india-deal-monitor.jpg" type="image/jpeg"></enclosure>
<category>India</category>
</item>
<item>
<title>KKR-led consortium to acquire majority stake in Queensland Airports</title>
<description>The consortium acquired the stake from Macquarie Asset fund, State Super, and Australian Retirement Trust.</description>
<link>https://www.dealstreetasia.com/stories/kkr-queensland-airports-413450/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/kkr-queensland-airports-413450/</guid>
<pubDate>Thu, 26 Sep 2024 03:27:47 GMT</pubDate>
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<category>World</category>
</item>
<item>
<title>Data Vantage: Zepto, Columbia Asia, AIZEN and Maya Innovations in focus</title>
<description>Indian quick commerce unicorn Zepto received capital last week from investors, including General Catalyst.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-zepto-columbia-413411/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/data-vantage-zepto-columbia-413411/</guid>
<pubDate>Wed, 25 Sep 2024 23:30:50 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>MBK, Young Poong raise tender offer to $1.7b for Korea Zinc shares</title>
<description>Young Poong is already Korea Zinc's largest shareholder, with a 25.4% stake as of end-June.</description>
<link>https://www.dealstreetasia.com/stories/mbk-young-poong-korea-zinc-2-413427/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/mbk-young-poong-korea-zinc-2-413427/</guid>
<pubDate>Wed, 25 Sep 2024 22:22:01 GMT</pubDate>
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<category>Rest of Asia</category>
</item>
<item>
<title>PH fintech unicorn Maya Innovations trims losses by 25% in 2023</title>
<description>In 2022, the company achieved unicorn&nbsp;status after raising $210m in a fresh funding round.</description>
<link>https://www.dealstreetasia.com/stories/maya-innovations-earnings-2023-412967/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/maya-innovations-earnings-2023-412967/</guid>
<pubDate>Wed, 25 Sep 2024 22:10:37 GMT</pubDate>
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<category>Philippines</category>
</item>
<item>
<title>India: Mt. K Kapital raises about $60m to invest in real estate projects</title>
<description>The fund is backed by marquee investors such as SBI, ICICI Bank, and Famy Care.</description>
<link>https://www.dealstreetasia.com/stories/mt-k-kapital-maiden-fund-413406/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/mt-k-kapital-maiden-fund-413406/</guid>
<pubDate>Wed, 25 Sep 2024 12:09:28 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Silicon Valley's Tribe Capital, Oister Global to launch $500m secondary fund in India</title>
<description>Tribe Capital has been so far investing in India through its three global venture funds.</description>
<link>https://www.dealstreetasia.com/stories/tribe-capital-oister-global-413298/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/tribe-capital-oister-global-413298/</guid>
<pubDate>Wed, 25 Sep 2024 02:52:53 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Potential for strong returns is driving higher PE allocations to Asia</title>
<description>Asset allocators say they are increasing their commitments to the region.</description>
<link>https://www.dealstreetasia.com/stories/asia-pe-vc-summit-2024-geographies-that-matter-413121/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/asia-pe-vc-summit-2024-geographies-that-matter-413121/</guid>
<pubDate>Tue, 24 Sep 2024 22:10:34 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2024/09/IMG_0477-scaled-e1727188762244.jpg" type="image/jpeg"></enclosure>
<category>Singapore</category>
</item>
<item>
<title>[Updated] Macro headwinds drive investors to 'globalised' healthcare assets</title>
<description>LYFE Capital’s going-global investment strategy is reflected in its latest deals.</description>
<link>https://www.dealstreetasia.com/stories/globalised-healthcare-lyfe-capital-413142/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/globalised-healthcare-lyfe-capital-413142/</guid>
<pubDate>Tue, 24 Sep 2024 22:10:04 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2017/05/heartbeat-healthcare-pixabay.jpg" type="image/jpeg"></enclosure>
<category>Greater China</category>
</item>
<item>
<title>China's securities regulator promotes M&A among listed firms</title>
<description>CSRC encourages industry consolidation towards advanced productivity.</description>
<link>https://www.dealstreetasia.com/stories/china-ma-listed-firms-413234/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/china-ma-listed-firms-413234/</guid>
<pubDate>Tue, 24 Sep 2024 21:15:39 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>Warburg Pincus exits India's CarTrade Tech in $45m share sale</title>
<description>The transaction was done through a bulk deal worth $44.86 million.</description>
<link>https://www.dealstreetasia.com/stories/warburg-pincus-cartrade-413239/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/warburg-pincus-cartrade-413239/</guid>
<pubDate>Tue, 24 Sep 2024 21:12:18 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2018/07/used-cars-reu-e1641514728427.jpg" type="image/jpeg"></enclosure>
<category>India</category>
</item>
<item>
<title>Macquarie to take minority stake in D.E. Shaw's green energy arm for up to $1.73b</title>
<description>The investment shows strong demand from corporations and governments to adopt cleaner sources of power.</description>
<link>https://www.dealstreetasia.com/stories/macquarie-d-e-shaw-413243/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/macquarie-d-e-shaw-413243/</guid>
<pubDate>Tue, 24 Sep 2024 21:10:33 GMT</pubDate>
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<category>World</category>
</item>
<item>
<title>Bain-backed Japanese chipmaker Kioxia scraps plans for October IPO: report</title>
<description>Bain was targeting a market value of $10.4b for&nbsp;Kioxia&nbsp;but the recent sell-off has made that challenging.</description>
<link>https://www.dealstreetasia.com/stories/kioxia-scraps-october-ipo-plans-413181/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/kioxia-scraps-october-ipo-plans-413181/</guid>
<pubDate>Tue, 24 Sep 2024 08:19:16 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2024/09/Kioxia-scaled-e1727174704542.jpg" type="image/jpeg"></enclosure>
<category>Rest of Asia</category>
</item>
<item>
<title>JPMorgan bullish on India and Japan, keen to allocate resources to SE Asia</title>
<description>Southeast Asia is seen to be benefiting from the "China Plus One" strategy</description>
<link>https://www.dealstreetasia.com/stories/jpmorgan-india-japan-413167/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/jpmorgan-india-japan-413167/</guid>
<pubDate>Tue, 24 Sep 2024 07:29:47 GMT</pubDate>
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<category></category>
</item>
<item>
<title>India investigates six local investment banks over handling of small IPOs</title>
<description>The probes began earlier this year and are focused on the fees that the banks have charged.</description>
<link>https://www.dealstreetasia.com/stories/india-probe-banks-small-ipos-413165/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/india-probe-banks-small-ipos-413165/</guid>
<pubDate>Tue, 24 Sep 2024 07:19:20 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2016/01/sebi-reuters-e1647015006249.jpg" type="image/jpeg"></enclosure>
<category>India</category>
</item>
<item>
<title>Data Vantage: BillEase, Umami Bioworks, Lhoopa and Pallav Tech in focus</title>
<description>Consumer finance startup BillEase received capital from TPG's The Rise Fund and Burda last week.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-billease-umami-413000/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/data-vantage-billease-umami-413000/</guid>
<pubDate>Mon, 23 Sep 2024 23:30:34 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2024/07/data-vantage-story-e1722274797249.jpg" type="image/jpeg"></enclosure>
<category>Indonesia</category>
</item>
<item>
<title>ESG practices emerge as crucial benchmark for capital investment</title>
<description>ESG is no longer just a tool for risk management but presents a significant opportunity.</description>
<link>https://www.dealstreetasia.com/stories/esg-asia-pe-vc-summit-2024-412827/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/esg-asia-pe-vc-summit-2024-412827/</guid>
<pubDate>Mon, 23 Sep 2024 22:10:02 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>Livspace's losses halve in FY2024 driven by robust India sales</title>
<description>The Singapore- and India-based company’s revenue surged 14.7%, according to ACRA filings. </description>
<link>https://www.dealstreetasia.com/stories/livspace-earnings-fy-2024-412973/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/livspace-earnings-fy-2024-412973/</guid>
<pubDate>Mon, 23 Sep 2024 22:02:09 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>VinFast's Q2 losses widen on impairment charge, higher expenses</title>
<description>Its net&nbsp;loss increased 27% from Q1 and 40% over the same period last year.&nbsp;</description>
<link>https://www.dealstreetasia.com/stories/vinfasts-q2-losses-widen-on-impairment-charge-higher-expenses-412861/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/vinfasts-q2-losses-widen-on-impairment-charge-higher-expenses-412861/</guid>
<pubDate>Sun, 22 Sep 2024 11:57:50 GMT</pubDate>
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<category>Vietnam</category>
</item>
<item>
<title>PhysicsWallah's valuation soars to $2.8b after raising $210m in fresh round</title>
<description>The round was led by Asia hedge fund Hornbill Capital, with significant participation from Lightspeed.</description>
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<pubDate>Sun, 22 Sep 2024 04:00:30 GMT</pubDate>
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</item>
<item>
<title>Editor’s take: The week that was—Sept 16-21</title>
<description>We successfully concluded our annual Asia PE-VC Summit in Singapore this week.</description>
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<pubDate>Sat, 21 Sep 2024 23:00:46 GMT</pubDate>
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</item>
<item>
<title>EPF, Siam Commercial Bank among winners of Investing in Women LP Award 2024</title>
<description>Philippine conglomerate Ayala emerged as the winner in the corporate investor category.</description>
<link>https://www.dealstreetasia.com/stories/women-lp-award-2024-412753/</link>
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<pubDate>Fri, 20 Sep 2024 02:11:06 GMT</pubDate>
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<category>Malaysia</category>
</item>
<item>
<title>Bridgewater's Dalio and Singapore's GIC chief cautious on global outlook</title>
<description>GIC CEO Lim said the SWF has to be more selective in finding investment opportunities. </description>
<link>https://www.dealstreetasia.com/stories/dalio-singapores-gic-global-outlook-412609/</link>
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<pubDate>Wed, 18 Sep 2024 03:24:35 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>Data Vantage: Tokenize Xchange, Chitose, Jatri and DELOS in focus</title>
<description>Crypto exchange Tokenize Xchange has issued new shares to an SPV backed by HNWIs.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-tokenize-xchange-412436/</link>
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<pubDate>Mon, 16 Sep 2024 21:50:00 GMT</pubDate>
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</item>
<item>
<title>Data Vantage: Optty, GlobalTix, Novotech and TurtleTree in focus</title>
<description>Payments tech firm Optty saw its net loss surge 1.3x in the year ended Feb 29, 2024.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-optty-globaltix-412010/</link>
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<pubDate>Wed, 11 Sep 2024 23:30:20 GMT</pubDate>
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</item>
<item>
<title>Private Equity in SE Asia: H1 2024 Review</title>
<description>No SE Asia-focused PE fund secured a final close in H1 2024.</description>
<link>https://www.dealstreetasia.com/reports/private-equity-in-se-asia-h1-2024-review</link>
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<pubDate>Wed, 11 Sep 2024 21:44:26 GMT</pubDate>
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</item>
<item>
<title>SG edtech Cialfo posts lower losses, slightly higher revenue in 2023</title>
<description>As a standalone company, Cialfo's total loss for the year stood 37% lower at $10.39m.</description>
<link>https://www.dealstreetasia.com/stories/cialfo-earnings-2023-411445/</link>
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<pubDate>Tue, 10 Sep 2024 22:10:46 GMT</pubDate>
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</item>
<item>
<title>Universities in Greater China emerge as new force in startup incubation</title>
<description>Over 67.9% of the 340 Chinese unicorns are led by founders from a domestic university. </description>
<link>https://www.dealstreetasia.com/stories/lp-view-universities-greater-china-411433/</link>
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<pubDate>Sun, 08 Sep 2024 22:12:42 GMT</pubDate>
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<item>
<title>Vietnamese police investigate local unicorn VNG's operations</title>
<description>The company has appointed vice-president Kelly Wong as acting CEO.</description>
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<pubDate>Fri, 06 Sep 2024 06:23:11 GMT</pubDate>
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<item>
<title>eFishery’s India operations turn EBITDA positive in debut year</title>
<description>eFishery is also tackling issues related to fraud in Indonesia, says newly appointed VP of Governance, Risk &amp; Compliance.</description>
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<pubDate>Thu, 05 Sep 2024 07:11:52 GMT</pubDate>
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<item>
<title>Rapido is India's fourth unicorn of 2024 after raising $200m led by WestBridge</title>
<description>Nexus, Think Investments and Invus Opportunities also participated.&nbsp;</description>
<link>https://www.dealstreetasia.com/stories/rapido-becomes-unicorn-411196/</link>
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<pubDate>Thu, 05 Sep 2024 05:01:22 GMT</pubDate>
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<item>
<title>Thai PE firm 9Basil expands investment horizon to Philippines, Indonesia, Vietnam</title>
<description>It has already invested in Sourcefit, a Filipino BPO provider.</description>
<link>https://www.dealstreetasia.com/stories/9basil-ph-indonesia-vietnam-410914/</link>
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<pubDate>Tue, 03 Sep 2024 22:12:43 GMT</pubDate>
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<category>Indonesia</category>
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<item>
<title>Chinese GPs tap flexible fund terms to lure insurers</title>
<description>Insurance LPs typically prefer a more fixed income type of returns.</description>
<link>https://www.dealstreetasia.com/stories/chinese-gps-insurance-investors-410578/</link>
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<pubDate>Mon, 02 Sep 2024 22:12:38 GMT</pubDate>
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<item>
<title>Mix of local, foreign LPs strengthens investment strategy: BPEA Credit</title>
<description>Having a mix of domestic and global LPs brings diverse perspectives, says Kanchan Jain.</description>
<link>https://www.dealstreetasia.com/stories/bpea-credit-kanchan-jain-interview-409567/</link>
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<pubDate>Mon, 26 Aug 2024 22:12:05 GMT</pubDate>
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<title>India's Cornerstone Ventures eyes first close of second fund at about $40m by Sept</title>
<description>The firm is in talks with several large domestic institutions and its existing HNI family office pool.</description>
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<pubDate>Sun, 25 Aug 2024 22:02:44 GMT</pubDate>
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<item>
<title>Greater China Deal Review: Q2 2024</title>
<description>Capital raised by Greater China startups fell 55% QoQ to just $9b.</description>
<link>https://www.dealstreetasia.com/reports/greater-china-deal-review-q2-2024</link>
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<pubDate>Wed, 21 Aug 2024 21:50:45 GMT</pubDate>
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<title>SE Asia's VC Funds: H1 2024 Review</title>
<description>Southeast Asian VC firms recorded a decline in both the number of fund closes and the total capital raised in the first half of 2024.</description>
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<pubDate>Tue, 20 Aug 2024 19:21:16 GMT</pubDate>
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<title>Bain-backed Japanese chipmaker Kioxia scraps plans for October IPO: report</title>
<description>Bain was targeting a market value of $10.4b for&nbsp;Kioxia&nbsp;but the recent sell-off has made that challenging.
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<description>It has received preliminary approval for a license to operate out of the Abu Dhabi Global Market.
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<title>Muzinich & Co raising up to $1b for infra debt fund with Li Ka-Shing’s Orion3</title>
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<title>Xendit’s arm XenCapital bags $50m credit facility from Helicap</title>
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<title>Keppel sees private credit loan sizes growing in Asia as market evolves</title>
<description>Non-traditional lenders like Keppel have a greater risk appetite than traditional lenders.&nbsp;&nbsp;
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<title>Temasek’s SeaTown Holdings raises over $1.3b for second private credit fund</title>
<description>With this, SeaTown’s private credit strategy now oversees over $2.5 billion in AUM.
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<title>Fundraising slows in Asia’s once-hot private debt market</title>
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<title>KKR raises $808m so far for latest Asia private credit fund, shows filing</title>
<description>KKR closed its debut fund in the franchise at $1.1b in 2022.
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<title>Women still constitute less than 20% of SE Asia's VC decision-makers</title>
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<title>Women in SE Asia's VC Ecosystem 2024</title>
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<title>Shopee, Tokopedia ask merchants to pay higher fees in pursuit of profit</title>
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<title>Shopee, Tokopedia ask merchants to pay higher fees in pursuit of profit</title>
<description>TikTok and Lazada also require SE Asian sellers to pay higher commissions.</description>
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<title>UK's Rightmove to consider sweetened $8.3b takeover bid from REA Group</title>
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<title>Chinese courier delivery firm BingEx eyes US IPO at $1.2b valuation</title>
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<title>Chinese courier delivery firm BingEx eyes US IPO at $1.2b valuation</title>
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<title>Indian gaming platform Loco sells majority stake to UAE's Redwood for $65m</title>
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<title>Thailand's pension fund earmarks $11.6b for global private assets amid overhaul</title>
<description>Thailand's biggest state&nbsp;fund has seen an average return of under 3% over the past 10 years.</description>
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<title>UBS in talks with 360 One for Indian wealth management JV: Report</title>
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<title>UBS in talks with 360 One for Indian wealth management JV: Report</title>
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<pubDate>Fri, 27 Sep 2024 11:21:58 GMT</pubDate>
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<title>Sensodyne maker Haleon to raise stake in Chinese JV to 88%</title>
<description>The JV accounted for about 40% of&nbsp;Haleon's revenues from China last year.</description>
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<title>APAC Digest: eToro buys Spaceship for $55m, SBI Holdings backs UBX Philippines</title>
<description>SBI Holdings has bought a 16.67% stake in UBX Philippines.</description>
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<title>Dusit International plans to list food business arm in Thailand</title>
<description>Dusit's food business revenue grew 33% YoY in Q1 2024 to $50m.</description>
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<pubDate>Fri, 27 Sep 2024 06:41:17 GMT</pubDate>
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<title>Dusit International plans to list food business arm in Thailand</title>
<description>Dusit's food business revenue grew 33% YoY in Q1 2024 to $50m.</description>
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<title>India Digest: Two Point O Capital, Care.fi raise funding</title>
<description>Multiply Ventures, RTP Global, and others also participated in Two Point O's round. </description>
<link>https://www.dealstreetasia.com/stories/two-point-care-fi-413610/</link>
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<title>Endowus posts higher losses in 2023 despite higher revenue</title>
<description>Employee compensation accounted for the largest portion of the group's expenses.</description>
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<title>Strong exit outlook for Indian PE, but valuations remain a challenge</title>
<description>Higher valuations prompt the need for disciplined investment strategies.</description>
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<pubDate>Thu, 26 Sep 2024 22:10:58 GMT</pubDate>
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<category>Asia PE-VC Summit 2024</category>
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<title>SE Asian tech firms need to present strong bottom line to reap exits</title>
<description>Exits have been a struggle in Southeast Asia.</description>
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<title>Vitalbridge Capital invests in VAST and 21 Greater China deals worth over $321m</title>
<description>Fortune Capital and Primavera Capital Group led the startup’s pre-Series A round.</description>
<link>https://www.dealstreetasia.com/stories/vitalbridge-capital-vast-china-deals-413479/</link>
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<pubDate>Thu, 26 Sep 2024 22:03:18 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>Swiggy files for $1.25b IPO in India's booming stock market</title>
<description>The Bengaluru-based startup is targeting a valuation of $15 billion through the offering</description>
<link>https://www.dealstreetasia.com/stories/swiggy-files-for-ipo-413590/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/swiggy-files-for-ipo-413590/</guid>
<pubDate>Thu, 26 Sep 2024 21:24:59 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>People Digest: KIC names new CEO; Amundi Singapore appoints senior portfolio manager</title>
<description>KIC's new CEO Il Young Park starts his three-year term on Thursday</description>
<link>https://www.dealstreetasia.com/stories/people-digest-kic-amundi-413537/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/people-digest-kic-amundi-413537/</guid>
<pubDate>Thu, 26 Sep 2024 20:47:15 GMT</pubDate>
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<category>Rest of Asia</category>
</item>
<item>
<title>Chinese silicon carbide chip maker AscenPower pockets over $142m funding</title>
<description>The Series A round was co-led by Yuecai Fund and SDIC Venture Capital.</description>
<link>https://www.dealstreetasia.com/stories/chinese-silicon-carbide-chip-maker-ascenpower-pockets-over-142m-funding-413527/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/chinese-silicon-carbide-chip-maker-ascenpower-pockets-over-142m-funding-413527/</guid>
<pubDate>Thu, 26 Sep 2024 07:09:21 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>South Korea pension fund to relax FX rules to mitigate market impact</title>
<description>The change will come into effect from October.</description>
<link>https://www.dealstreetasia.com/stories/south-korea-pension-fund-to-relax-fx-rules-to-mitigate-market-impact-413508/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/south-korea-pension-fund-to-relax-fx-rules-to-mitigate-market-impact-413508/</guid>
<pubDate>Thu, 26 Sep 2024 06:03:05 GMT</pubDate>
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<category>Rest of Asia</category>
</item>
<item>
<title>Citi names Tokiya Kishie as head of Japan markets</title>
<description>Kishie&nbsp;joined&nbsp;Citi&nbsp;in 2010 after working at Nomura Securities, Lehman Brothers, and Tokyo Star Bank.</description>
<link>https://www.dealstreetasia.com/stories/citi-japan-413501/</link>
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<pubDate>Thu, 26 Sep 2024 05:49:33 GMT</pubDate>
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<category>Rest of Asia</category>
</item>
<item>
<title>S Korean battery maker SK On to lay off staff amid challenging EV market</title>
<description>SK&nbsp;On has been struggling with a drop in&nbsp;battery&nbsp;shipments&nbsp;amid&nbsp;a global slowdown in&nbsp;EV&nbsp;sales.</description>
<link>https://www.dealstreetasia.com/stories/s-korean-battery-maker-sk-on-to-lay-off-staff-amid-challenging-ev-market-413494/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/s-korean-battery-maker-sk-on-to-lay-off-staff-amid-challenging-ev-market-413494/</guid>
<pubDate>Thu, 26 Sep 2024 05:40:14 GMT</pubDate>
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<category>Rest of Asia</category>
</item>
<item>
<title>BEENEXT leads funding in First Coffee and India deals worth $324m</title>
<description>The company is set to open 35 stores across the country by Q2 2025.</description>
<link>https://www.dealstreetasia.com/stories/beenext-first-coffee-413469/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/beenext-first-coffee-413469/</guid>
<pubDate>Thu, 26 Sep 2024 04:57:32 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>KKR-led consortium to acquire majority stake in Queensland Airports</title>
<description>The consortium acquired the stake from Macquarie Asset fund, State Super, and Australian Retirement Trust.</description>
<link>https://www.dealstreetasia.com/stories/kkr-queensland-airports-413450/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/kkr-queensland-airports-413450/</guid>
<pubDate>Thu, 26 Sep 2024 03:27:47 GMT</pubDate>
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<category>World</category>
</item>
<item>
<title>Data Vantage: Zepto, Columbia Asia, AIZEN and Maya Innovations in focus</title>
<description>Indian quick commerce unicorn Zepto received capital last week from investors, including General Catalyst.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-zepto-columbia-413411/</link>
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<pubDate>Wed, 25 Sep 2024 23:30:50 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>MBK, Young Poong raise tender offer to $1.7b for Korea Zinc shares</title>
<description>Young Poong is already Korea Zinc's largest shareholder, with a 25.4% stake as of end-June.</description>
<link>https://www.dealstreetasia.com/stories/mbk-young-poong-korea-zinc-2-413427/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/mbk-young-poong-korea-zinc-2-413427/</guid>
<pubDate>Wed, 25 Sep 2024 22:22:01 GMT</pubDate>
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<category>Rest of Asia</category>
</item>
<item>
<title>PH fintech unicorn Maya Innovations trims losses by 25% in 2023</title>
<description>In 2022, the company achieved unicorn&nbsp;status after raising $210m in a fresh funding round.</description>
<link>https://www.dealstreetasia.com/stories/maya-innovations-earnings-2023-412967/</link>
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<pubDate>Wed, 25 Sep 2024 22:10:37 GMT</pubDate>
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<category>Philippines</category>
</item>
<item>
<title>India: Mt. K Kapital raises about $60m to invest in real estate projects</title>
<description>The fund is backed by marquee investors such as SBI, ICICI Bank, and Famy Care.</description>
<link>https://www.dealstreetasia.com/stories/mt-k-kapital-maiden-fund-413406/</link>
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<pubDate>Wed, 25 Sep 2024 12:09:28 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Silicon Valley's Tribe Capital, Oister Global to launch $500m secondary fund in India</title>
<description>Tribe Capital has been so far investing in India through its three global venture funds.</description>
<link>https://www.dealstreetasia.com/stories/tribe-capital-oister-global-413298/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/tribe-capital-oister-global-413298/</guid>
<pubDate>Wed, 25 Sep 2024 02:52:53 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Potential for strong returns is driving higher PE allocations to Asia</title>
<description>Asset allocators say they are increasing their commitments to the region.</description>
<link>https://www.dealstreetasia.com/stories/asia-pe-vc-summit-2024-geographies-that-matter-413121/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/asia-pe-vc-summit-2024-geographies-that-matter-413121/</guid>
<pubDate>Tue, 24 Sep 2024 22:10:34 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>[Updated] Macro headwinds drive investors to 'globalised' healthcare assets</title>
<description>LYFE Capital’s going-global investment strategy is reflected in its latest deals.</description>
<link>https://www.dealstreetasia.com/stories/globalised-healthcare-lyfe-capital-413142/</link>
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<pubDate>Tue, 24 Sep 2024 22:10:04 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>China's securities regulator promotes M&A among listed firms</title>
<description>CSRC encourages industry consolidation towards advanced productivity.</description>
<link>https://www.dealstreetasia.com/stories/china-ma-listed-firms-413234/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/china-ma-listed-firms-413234/</guid>
<pubDate>Tue, 24 Sep 2024 21:15:39 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>Warburg Pincus exits India's CarTrade Tech in $45m share sale</title>
<description>The transaction was done through a bulk deal worth $44.86 million.</description>
<link>https://www.dealstreetasia.com/stories/warburg-pincus-cartrade-413239/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/warburg-pincus-cartrade-413239/</guid>
<pubDate>Tue, 24 Sep 2024 21:12:18 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Macquarie to take minority stake in D.E. Shaw's green energy arm for up to $1.73b</title>
<description>The investment shows strong demand from corporations and governments to adopt cleaner sources of power.</description>
<link>https://www.dealstreetasia.com/stories/macquarie-d-e-shaw-413243/</link>
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<pubDate>Tue, 24 Sep 2024 21:10:33 GMT</pubDate>
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<category>World</category>
</item>
<item>
<title>Bain-backed Japanese chipmaker Kioxia scraps plans for October IPO: report</title>
<description>Bain was targeting a market value of $10.4b for&nbsp;Kioxia&nbsp;but the recent sell-off has made that challenging.</description>
<link>https://www.dealstreetasia.com/stories/kioxia-scraps-october-ipo-plans-413181/</link>
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<pubDate>Tue, 24 Sep 2024 08:19:16 GMT</pubDate>
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<category>Rest of Asia</category>
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<item>
<title>JPMorgan bullish on India and Japan, keen to allocate resources to SE Asia</title>
<description>Southeast Asia is seen to be benefiting from the "China Plus One" strategy</description>
<link>https://www.dealstreetasia.com/stories/jpmorgan-india-japan-413167/</link>
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<pubDate>Tue, 24 Sep 2024 07:29:47 GMT</pubDate>
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<category></category>
</item>
<item>
<title>India investigates six local investment banks over handling of small IPOs</title>
<description>The probes began earlier this year and are focused on the fees that the banks have charged.</description>
<link>https://www.dealstreetasia.com/stories/india-probe-banks-small-ipos-413165/</link>
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<pubDate>Tue, 24 Sep 2024 07:19:20 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Data Vantage: BillEase, Umami Bioworks, Lhoopa and Pallav Tech in focus</title>
<description>Consumer finance startup BillEase received capital from TPG's The Rise Fund and Burda last week.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-billease-umami-413000/</link>
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<pubDate>Mon, 23 Sep 2024 23:30:34 GMT</pubDate>
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<category>Indonesia</category>
</item>
<item>
<title>ESG practices emerge as crucial benchmark for capital investment</title>
<description>ESG is no longer just a tool for risk management but presents a significant opportunity.</description>
<link>https://www.dealstreetasia.com/stories/esg-asia-pe-vc-summit-2024-412827/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/esg-asia-pe-vc-summit-2024-412827/</guid>
<pubDate>Mon, 23 Sep 2024 22:10:02 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>Livspace's losses halve in FY2024 driven by robust India sales</title>
<description>The Singapore- and India-based company’s revenue surged 14.7%, according to ACRA filings. </description>
<link>https://www.dealstreetasia.com/stories/livspace-earnings-fy-2024-412973/</link>
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<pubDate>Mon, 23 Sep 2024 22:02:09 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>VinFast's Q2 losses widen on impairment charge, higher expenses</title>
<description>Its net&nbsp;loss increased 27% from Q1 and 40% over the same period last year.&nbsp;</description>
<link>https://www.dealstreetasia.com/stories/vinfasts-q2-losses-widen-on-impairment-charge-higher-expenses-412861/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/vinfasts-q2-losses-widen-on-impairment-charge-higher-expenses-412861/</guid>
<pubDate>Sun, 22 Sep 2024 11:57:50 GMT</pubDate>
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<category>Vietnam</category>
</item>
<item>
<title>PhysicsWallah's valuation soars to $2.8b after raising $210m in fresh round</title>
<description>The round was led by Asia hedge fund Hornbill Capital, with significant participation from Lightspeed.</description>
<link>https://www.dealstreetasia.com/stories/physicswallah-valuation-funding-412687/</link>
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<pubDate>Sun, 22 Sep 2024 04:00:30 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2024/09/Alakh-Prateek-3-scaled-e1726728011988.jpg" type="image/jpeg"></enclosure>
<category>India</category>
</item>
<item>
<title>Editor’s take: The week that was—Sept 16-21</title>
<description>We successfully concluded our annual Asia PE-VC Summit in Singapore this week.</description>
<link>https://www.dealstreetasia.com/stories/the-week-that-was-39-412779/</link>
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<pubDate>Sat, 21 Sep 2024 23:00:46 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>EPF, Siam Commercial Bank among winners of Investing in Women LP Award 2024</title>
<description>Philippine conglomerate Ayala emerged as the winner in the corporate investor category.</description>
<link>https://www.dealstreetasia.com/stories/women-lp-award-2024-412753/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/women-lp-award-2024-412753/</guid>
<pubDate>Fri, 20 Sep 2024 02:11:06 GMT</pubDate>
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<category>Malaysia</category>
</item>
<item>
<title>Bridgewater's Dalio and Singapore's GIC chief cautious on global outlook</title>
<description>GIC CEO Lim said the SWF has to be more selective in finding investment opportunities. </description>
<link>https://www.dealstreetasia.com/stories/dalio-singapores-gic-global-outlook-412609/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/dalio-singapores-gic-global-outlook-412609/</guid>
<pubDate>Wed, 18 Sep 2024 03:24:35 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>Data Vantage: Tokenize Xchange, Chitose, Jatri and DELOS in focus</title>
<description>Crypto exchange Tokenize Xchange has issued new shares to an SPV backed by HNWIs.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-tokenize-xchange-412436/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/data-vantage-tokenize-xchange-412436/</guid>
<pubDate>Mon, 16 Sep 2024 21:50:00 GMT</pubDate>
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<category>Indonesia</category>
</item>
<item>
<title>Data Vantage: Optty, GlobalTix, Novotech and TurtleTree in focus</title>
<description>Payments tech firm Optty saw its net loss surge 1.3x in the year ended Feb 29, 2024.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-optty-globaltix-412010/</link>
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<pubDate>Wed, 11 Sep 2024 23:30:20 GMT</pubDate>
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<category>Indonesia</category>
</item>
<item>
<title>Private Equity in SE Asia: H1 2024 Review</title>
<description>No SE Asia-focused PE fund secured a final close in H1 2024.</description>
<link>https://www.dealstreetasia.com/reports/private-equity-in-se-asia-h1-2024-review</link>
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<pubDate>Wed, 11 Sep 2024 21:44:26 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>SG edtech Cialfo posts lower losses, slightly higher revenue in 2023</title>
<description>As a standalone company, Cialfo's total loss for the year stood 37% lower at $10.39m.</description>
<link>https://www.dealstreetasia.com/stories/cialfo-earnings-2023-411445/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/cialfo-earnings-2023-411445/</guid>
<pubDate>Tue, 10 Sep 2024 22:10:46 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>Universities in Greater China emerge as new force in startup incubation</title>
<description>Over 67.9% of the 340 Chinese unicorns are led by founders from a domestic university. </description>
<link>https://www.dealstreetasia.com/stories/lp-view-universities-greater-china-411433/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/lp-view-universities-greater-china-411433/</guid>
<pubDate>Sun, 08 Sep 2024 22:12:42 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>Vietnamese police investigate local unicorn VNG's operations</title>
<description>The company has appointed vice-president Kelly Wong as acting CEO.</description>
<link>https://www.dealstreetasia.com/stories/police-investigate-vng-411362/</link>
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<title>eFishery’s India operations turn EBITDA positive in debut year</title>
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<title>Rapido is India's fourth unicorn of 2024 after raising $200m led by WestBridge</title>
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<link>https://www.dealstreetasia.com/stories/rapido-becomes-unicorn-411196/</link>
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<title>Thai PE firm 9Basil expands investment horizon to Philippines, Indonesia, Vietnam</title>
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<title>Chinese GPs tap flexible fund terms to lure insurers</title>
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<title>Mix of local, foreign LPs strengthens investment strategy: BPEA Credit</title>
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<link>https://www.dealstreetasia.com/stories/bpea-credit-kanchan-jain-interview-409567/</link>
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<title>Greater China Deal Review: Q2 2024</title>
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<title>SE Asia's VC Funds: H1 2024 Review</title>
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<title>Keppel sees private credit loan sizes growing in Asia as market evolves</title>
<description>Non-traditional lenders like Keppel have a greater risk appetite than traditional lenders. <br></description>
<link>https://www.dealstreetasia.com/stories/keppel-private-credit-408698/</link>
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<title>Temasek’s SeaTown Holdings raises over $1.3b for second private credit fund</title>
<description>With this, SeaTown’s private credit strategy now oversees over $2.5 billion in AUM. <br></description>
<link>https://www.dealstreetasia.com/stories/seatown-private-credit-fund-2-410036/</link>
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<category>Private Credit</category>
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<item>
<title>Fundraising slows in Asia’s once-hot private debt market</title>
<description>Capital raised for private debt funds in APAC dropped to a seven-year low of $5b in 2023.<br></description>
<link>https://www.dealstreetasia.com/stories/asia-private-debt-funds-face-test-409884/</link>
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<category>Private Credit</category>
</item>
<item>
<title>KKR raises $808m so far for latest Asia private credit fund, shows filing</title>
<description>KKR closed its debut fund in the franchise at $1.1b in 2022.<br></description>
<link>https://www.dealstreetasia.com/stories/kkr-asia-private-credit-fund-ii-409475/</link>
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<title>SG-based climate Investor Sif.vc targets $40m for debut fund</title>
<description>The company secured a licence from the Monetary Authority of Singapore in June 2024.</description>
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<title>SG-based climate Investor Sif.vc targets $40m for debut fund</title>
<description>The company secured a licence from the Monetary Authority of Singapore in June 2024.</description>
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<title>Women still constitute less than 20% of SE Asia's VC decision-makers</title>
<description>SE Asia's performance is on par with US, where about 18% of&nbsp;VC decision-makers are female.</description>
<link>https://www.dealstreetasia.com/stories/women-se-asia-venture-2024-413694/</link>
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<pubDate>Fri, 27 Sep 2024 22:11:10 GMT</pubDate>
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<item>
<title>Women still constitute less than 20% of SE Asia's VC decision-makers</title>
<description>SE Asia's performance is on par with US, where about 18% of&nbsp;VC decision-makers are female.</description>
<link>https://www.dealstreetasia.com/stories/women-se-asia-venture-2024-413694/</link>
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<item>
<title>Women in SE Asia's VC Ecosystem 2024</title>
<description>Women comprise just 18% of investment decision-makers at Southeast Asia-based venture investors, finds our latest report.</description>
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<pubDate>Fri, 27 Sep 2024 22:09:30 GMT</pubDate>
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<title>Shopee, Tokopedia ask merchants to pay higher fees in pursuit of profit</title>
<description>TikTok and Lazada also require SE Asian sellers to pay higher commissions.</description>
<link>https://www.dealstreetasia.com/stories/shopee-tokopedia-hike-e-commerce-fees-413720/</link>
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<pubDate>Fri, 27 Sep 2024 22:08:03 GMT</pubDate>
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</item>
<item>
<title>Shopee, Tokopedia ask merchants to pay higher fees in pursuit of profit</title>
<description>TikTok and Lazada also require SE Asian sellers to pay higher commissions.</description>
<link>https://www.dealstreetasia.com/stories/shopee-tokopedia-hike-e-commerce-fees-413720/</link>
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<pubDate>Fri, 27 Sep 2024 22:08:03 GMT</pubDate>
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<category>Indonesia</category>
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<item>
<title>UK's Rightmove to consider sweetened $8.3b takeover bid from REA Group</title>
<description>Rightmove rejected the last three proposals from REA, saying they undervalued the company. </description>
<link>https://www.dealstreetasia.com/stories/rightmove-rea-group-2-413714/</link>
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<pubDate>Fri, 27 Sep 2024 21:52:33 GMT</pubDate>
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<title>Chinese courier delivery firm BingEx eyes US IPO at $1.2b valuation</title>
<description>The company is looking to raise up to $68m at the top of its targeted range.</description>
<link>https://www.dealstreetasia.com/stories/bingex-us-ipo-413713/</link>
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<pubDate>Fri, 27 Sep 2024 21:52:11 GMT</pubDate>
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<item>
<title>Chinese courier delivery firm BingEx eyes US IPO at $1.2b valuation</title>
<description>The company is looking to raise up to $68m at the top of its targeted range.</description>
<link>https://www.dealstreetasia.com/stories/bingex-us-ipo-413713/</link>
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<pubDate>Fri, 27 Sep 2024 21:52:11 GMT</pubDate>
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<category>Greater China</category>
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<item>
<title>Indian gaming platform Loco sells majority stake to UAE's Redwood for $65m</title>
<description>The company is backed by investors including Catamaran, Lumikai, and Hashed.</description>
<link>https://www.dealstreetasia.com/stories/loco-sells-stake-to-redwood-413666/</link>
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<pubDate>Fri, 27 Sep 2024 12:41:52 GMT</pubDate>
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<item>
<title>Thailand's pension fund earmarks $11.6b for global private assets amid overhaul</title>
<description>Thailand's biggest state&nbsp;fund has seen an average return of under 3% over the past 10 years.</description>
<link>https://www.dealstreetasia.com/stories/thailands-pension-fund-global-investment-413690/</link>
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<pubDate>Fri, 27 Sep 2024 11:29:42 GMT</pubDate>
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<title>UBS in talks with 360 One for Indian wealth management JV: Report</title>
<description>The JV would help UBS to target HNIs from its existing focus on UHNIs.</description>
<link>https://www.dealstreetasia.com/stories/ubs-360-one-indian-wealth-management-jv-413686/</link>
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<pubDate>Fri, 27 Sep 2024 11:21:58 GMT</pubDate>
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<title>UBS in talks with 360 One for Indian wealth management JV: Report</title>
<description>The JV would help UBS to target HNIs from its existing focus on UHNIs.</description>
<link>https://www.dealstreetasia.com/stories/ubs-360-one-indian-wealth-management-jv-413686/</link>
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<pubDate>Fri, 27 Sep 2024 11:21:58 GMT</pubDate>
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<title>Sensodyne maker Haleon to raise stake in Chinese JV to 88%</title>
<description>The JV accounted for about 40% of&nbsp;Haleon's revenues from China last year.</description>
<link>https://www.dealstreetasia.com/stories/haleon-to-raise-stake-in-chinese-jv-413681/</link>
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<pubDate>Fri, 27 Sep 2024 10:55:25 GMT</pubDate>
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<category>World</category>
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<item>
<title>APAC Digest: eToro buys Spaceship for $55m, SBI Holdings backs UBX Philippines</title>
<description>SBI Holdings has bought a 16.67% stake in UBX Philippines.</description>
<link>https://www.dealstreetasia.com/stories/etoro-buys-spaceship-413655/</link>
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<pubDate>Fri, 27 Sep 2024 09:12:33 GMT</pubDate>
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<category>World</category>
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<item>
<title>Dusit International plans to list food business arm in Thailand</title>
<description>Dusit's food business revenue grew 33% YoY in Q1 2024 to $50m.</description>
<link>https://www.dealstreetasia.com/stories/dusit-international-thailand-ipo-413638/</link>
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<pubDate>Fri, 27 Sep 2024 06:41:17 GMT</pubDate>
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<category>IPOs &amp; Markets</category>
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<item>
<title>Dusit International plans to list food business arm in Thailand</title>
<description>Dusit's food business revenue grew 33% YoY in Q1 2024 to $50m.</description>
<link>https://www.dealstreetasia.com/stories/dusit-international-thailand-ipo-413638/</link>
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<pubDate>Fri, 27 Sep 2024 06:41:17 GMT</pubDate>
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<category>Thailand</category>
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<item>
<title>India Digest: Two Point O Capital, Care.fi raise funding</title>
<description>Multiply Ventures, RTP Global, and others also participated in Two Point O's round. </description>
<link>https://www.dealstreetasia.com/stories/two-point-care-fi-413610/</link>
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<pubDate>Fri, 27 Sep 2024 02:34:50 GMT</pubDate>
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<category>India</category>
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<item>
<title>Endowus posts higher losses in 2023 despite higher revenue</title>
<description>Employee compensation accounted for the largest portion of the group's expenses.</description>
<link>https://www.dealstreetasia.com/stories/endowus-earnings-fy2023-413290/</link>
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<pubDate>Thu, 26 Sep 2024 22:12:22 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>Strong exit outlook for Indian PE, but valuations remain a challenge</title>
<description>Higher valuations prompt the need for disciplined investment strategies.</description>
<link>https://www.dealstreetasia.com/stories/india-private-equity-landscape-413491/</link>
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<pubDate>Thu, 26 Sep 2024 22:10:58 GMT</pubDate>
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<category>Asia PE-VC Summit 2024</category>
</item>
<item>
<title>SE Asian tech firms need to present strong bottom line to reap exits</title>
<description>Exits have been a struggle in Southeast Asia.</description>
<link>https://www.dealstreetasia.com/stories/se-asian-tech-exits-413326/</link>
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<pubDate>Thu, 26 Sep 2024 22:10:25 GMT</pubDate>
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<category>Asia PE-VC Summit 2024</category>
</item>
<item>
<title>Vitalbridge Capital invests in VAST and 21 Greater China deals worth over $321m</title>
<description>Fortune Capital and Primavera Capital Group led the startup’s pre-Series A round.</description>
<link>https://www.dealstreetasia.com/stories/vitalbridge-capital-vast-china-deals-413479/</link>
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<pubDate>Thu, 26 Sep 2024 22:03:18 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>Swiggy files for $1.25b IPO in India's booming stock market</title>
<description>The Bengaluru-based startup is targeting a valuation of $15 billion through the offering</description>
<link>https://www.dealstreetasia.com/stories/swiggy-files-for-ipo-413590/</link>
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<pubDate>Thu, 26 Sep 2024 21:24:59 GMT</pubDate>
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<category>India</category>
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<item>
<title>People Digest: KIC names new CEO; Amundi Singapore appoints senior portfolio manager</title>
<description>KIC's new CEO Il Young Park starts his three-year term on Thursday</description>
<link>https://www.dealstreetasia.com/stories/people-digest-kic-amundi-413537/</link>
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<pubDate>Thu, 26 Sep 2024 20:47:15 GMT</pubDate>
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<category>Rest of Asia</category>
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<item>
<title>Chinese silicon carbide chip maker AscenPower pockets over $142m funding</title>
<description>The Series A round was co-led by Yuecai Fund and SDIC Venture Capital.</description>
<link>https://www.dealstreetasia.com/stories/chinese-silicon-carbide-chip-maker-ascenpower-pockets-over-142m-funding-413527/</link>
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<pubDate>Thu, 26 Sep 2024 07:09:21 GMT</pubDate>
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<category>Greater China</category>
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<item>
<title>South Korea pension fund to relax FX rules to mitigate market impact</title>
<description>The change will come into effect from October.</description>
<link>https://www.dealstreetasia.com/stories/south-korea-pension-fund-to-relax-fx-rules-to-mitigate-market-impact-413508/</link>
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<pubDate>Thu, 26 Sep 2024 06:03:05 GMT</pubDate>
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<category>Rest of Asia</category>
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<item>
<title>Citi names Tokiya Kishie as head of Japan markets</title>
<description>Kishie&nbsp;joined&nbsp;Citi&nbsp;in 2010 after working at Nomura Securities, Lehman Brothers, and Tokyo Star Bank.</description>
<link>https://www.dealstreetasia.com/stories/citi-japan-413501/</link>
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<pubDate>Thu, 26 Sep 2024 05:49:33 GMT</pubDate>
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<category>Rest of Asia</category>
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<title>S Korean battery maker SK On to lay off staff amid challenging EV market</title>
<description>SK&nbsp;On has been struggling with a drop in&nbsp;battery&nbsp;shipments&nbsp;amid&nbsp;a global slowdown in&nbsp;EV&nbsp;sales.</description>
<link>https://www.dealstreetasia.com/stories/s-korean-battery-maker-sk-on-to-lay-off-staff-amid-challenging-ev-market-413494/</link>
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<pubDate>Thu, 26 Sep 2024 05:40:14 GMT</pubDate>
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<category>Rest of Asia</category>
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<item>
<title>BEENEXT leads funding in First Coffee and India deals worth $324m</title>
<description>The company is set to open 35 stores across the country by Q2 2025.</description>
<link>https://www.dealstreetasia.com/stories/beenext-first-coffee-413469/</link>
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<pubDate>Thu, 26 Sep 2024 04:57:32 GMT</pubDate>
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<category>India</category>
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<title>KKR-led consortium to acquire majority stake in Queensland Airports</title>
<description>The consortium acquired the stake from Macquarie Asset fund, State Super, and Australian Retirement Trust.</description>
<link>https://www.dealstreetasia.com/stories/kkr-queensland-airports-413450/</link>
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<pubDate>Thu, 26 Sep 2024 03:27:47 GMT</pubDate>
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<category>World</category>
</item>
<item>
<title>Data Vantage: Zepto, Columbia Asia, AIZEN and Maya Innovations in focus</title>
<description>Indian quick commerce unicorn Zepto received capital last week from investors, including General Catalyst.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-zepto-columbia-413411/</link>
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<pubDate>Wed, 25 Sep 2024 23:30:50 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>MBK, Young Poong raise tender offer to $1.7b for Korea Zinc shares</title>
<description>Young Poong is already Korea Zinc's largest shareholder, with a 25.4% stake as of end-June.</description>
<link>https://www.dealstreetasia.com/stories/mbk-young-poong-korea-zinc-2-413427/</link>
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<pubDate>Wed, 25 Sep 2024 22:22:01 GMT</pubDate>
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<category>Rest of Asia</category>
</item>
<item>
<title>PH fintech unicorn Maya Innovations trims losses by 25% in 2023</title>
<description>In 2022, the company achieved unicorn&nbsp;status after raising $210m in a fresh funding round.</description>
<link>https://www.dealstreetasia.com/stories/maya-innovations-earnings-2023-412967/</link>
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<pubDate>Wed, 25 Sep 2024 22:10:37 GMT</pubDate>
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<category>Philippines</category>
</item>
<item>
<title>India: Mt. K Kapital raises about $60m to invest in real estate projects</title>
<description>The fund is backed by marquee investors such as SBI, ICICI Bank, and Famy Care.</description>
<link>https://www.dealstreetasia.com/stories/mt-k-kapital-maiden-fund-413406/</link>
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<pubDate>Wed, 25 Sep 2024 12:09:28 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Silicon Valley's Tribe Capital, Oister Global to launch $500m secondary fund in India</title>
<description>Tribe Capital has been so far investing in India through its three global venture funds.</description>
<link>https://www.dealstreetasia.com/stories/tribe-capital-oister-global-413298/</link>
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<pubDate>Wed, 25 Sep 2024 02:52:53 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Potential for strong returns is driving higher PE allocations to Asia</title>
<description>Asset allocators say they are increasing their commitments to the region.</description>
<link>https://www.dealstreetasia.com/stories/asia-pe-vc-summit-2024-geographies-that-matter-413121/</link>
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<pubDate>Tue, 24 Sep 2024 22:10:34 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>[Updated] Macro headwinds drive investors to 'globalised' healthcare assets</title>
<description>LYFE Capital’s going-global investment strategy is reflected in its latest deals.</description>
<link>https://www.dealstreetasia.com/stories/globalised-healthcare-lyfe-capital-413142/</link>
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<pubDate>Tue, 24 Sep 2024 22:10:04 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>China's securities regulator promotes M&A among listed firms</title>
<description>CSRC encourages industry consolidation towards advanced productivity.</description>
<link>https://www.dealstreetasia.com/stories/china-ma-listed-firms-413234/</link>
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<pubDate>Tue, 24 Sep 2024 21:15:39 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>Warburg Pincus exits India's CarTrade Tech in $45m share sale</title>
<description>The transaction was done through a bulk deal worth $44.86 million.</description>
<link>https://www.dealstreetasia.com/stories/warburg-pincus-cartrade-413239/</link>
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<pubDate>Tue, 24 Sep 2024 21:12:18 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Macquarie to take minority stake in D.E. Shaw's green energy arm for up to $1.73b</title>
<description>The investment shows strong demand from corporations and governments to adopt cleaner sources of power.</description>
<link>https://www.dealstreetasia.com/stories/macquarie-d-e-shaw-413243/</link>
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<pubDate>Tue, 24 Sep 2024 21:10:33 GMT</pubDate>
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<category>World</category>
</item>
<item>
<title>Bain-backed Japanese chipmaker Kioxia scraps plans for October IPO: report</title>
<description>Bain was targeting a market value of $10.4b for&nbsp;Kioxia&nbsp;but the recent sell-off has made that challenging.</description>
<link>https://www.dealstreetasia.com/stories/kioxia-scraps-october-ipo-plans-413181/</link>
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<pubDate>Tue, 24 Sep 2024 08:19:16 GMT</pubDate>
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<category>Rest of Asia</category>
</item>
<item>
<title>JPMorgan bullish on India and Japan, keen to allocate resources to SE Asia</title>
<description>Southeast Asia is seen to be benefiting from the "China Plus One" strategy</description>
<link>https://www.dealstreetasia.com/stories/jpmorgan-india-japan-413167/</link>
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<pubDate>Tue, 24 Sep 2024 07:29:47 GMT</pubDate>
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<category></category>
</item>
<item>
<title>India investigates six local investment banks over handling of small IPOs</title>
<description>The probes began earlier this year and are focused on the fees that the banks have charged.</description>
<link>https://www.dealstreetasia.com/stories/india-probe-banks-small-ipos-413165/</link>
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<pubDate>Tue, 24 Sep 2024 07:19:20 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Data Vantage: BillEase, Umami Bioworks, Lhoopa and Pallav Tech in focus</title>
<description>Consumer finance startup BillEase received capital from TPG's The Rise Fund and Burda last week.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-billease-umami-413000/</link>
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<pubDate>Mon, 23 Sep 2024 23:30:34 GMT</pubDate>
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<category>Indonesia</category>
</item>
<item>
<title>ESG practices emerge as crucial benchmark for capital investment</title>
<description>ESG is no longer just a tool for risk management but presents a significant opportunity.</description>
<link>https://www.dealstreetasia.com/stories/esg-asia-pe-vc-summit-2024-412827/</link>
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<pubDate>Mon, 23 Sep 2024 22:10:02 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>Livspace's losses halve in FY2024 driven by robust India sales</title>
<description>The Singapore- and India-based company’s revenue surged 14.7%, according to ACRA filings. </description>
<link>https://www.dealstreetasia.com/stories/livspace-earnings-fy-2024-412973/</link>
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<pubDate>Mon, 23 Sep 2024 22:02:09 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>VinFast's Q2 losses widen on impairment charge, higher expenses</title>
<description>Its net&nbsp;loss increased 27% from Q1 and 40% over the same period last year.&nbsp;</description>
<link>https://www.dealstreetasia.com/stories/vinfasts-q2-losses-widen-on-impairment-charge-higher-expenses-412861/</link>
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<pubDate>Sun, 22 Sep 2024 11:57:50 GMT</pubDate>
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<category>Vietnam</category>
</item>
<item>
<title>PhysicsWallah's valuation soars to $2.8b after raising $210m in fresh round</title>
<description>The round was led by Asia hedge fund Hornbill Capital, with significant participation from Lightspeed.</description>
<link>https://www.dealstreetasia.com/stories/physicswallah-valuation-funding-412687/</link>
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<pubDate>Sun, 22 Sep 2024 04:00:30 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Editor’s take: The week that was—Sept 16-21</title>
<description>We successfully concluded our annual Asia PE-VC Summit in Singapore this week.</description>
<link>https://www.dealstreetasia.com/stories/the-week-that-was-39-412779/</link>
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<pubDate>Sat, 21 Sep 2024 23:00:46 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>EPF, Siam Commercial Bank among winners of Investing in Women LP Award 2024</title>
<description>Philippine conglomerate Ayala emerged as the winner in the corporate investor category.</description>
<link>https://www.dealstreetasia.com/stories/women-lp-award-2024-412753/</link>
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<pubDate>Fri, 20 Sep 2024 02:11:06 GMT</pubDate>
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<category>Malaysia</category>
</item>
<item>
<title>Bridgewater's Dalio and Singapore's GIC chief cautious on global outlook</title>
<description>GIC CEO Lim said the SWF has to be more selective in finding investment opportunities. </description>
<link>https://www.dealstreetasia.com/stories/dalio-singapores-gic-global-outlook-412609/</link>
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<pubDate>Wed, 18 Sep 2024 03:24:35 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>Data Vantage: Tokenize Xchange, Chitose, Jatri and DELOS in focus</title>
<description>Crypto exchange Tokenize Xchange has issued new shares to an SPV backed by HNWIs.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-tokenize-xchange-412436/</link>
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<pubDate>Mon, 16 Sep 2024 21:50:00 GMT</pubDate>
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<category>Indonesia</category>
</item>
<item>
<title>Data Vantage: Optty, GlobalTix, Novotech and TurtleTree in focus</title>
<description>Payments tech firm Optty saw its net loss surge 1.3x in the year ended Feb 29, 2024.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-optty-globaltix-412010/</link>
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<pubDate>Wed, 11 Sep 2024 23:30:20 GMT</pubDate>
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<category>Indonesia</category>
</item>
<item>
<title>Private Equity in SE Asia: H1 2024 Review</title>
<description>No SE Asia-focused PE fund secured a final close in H1 2024.</description>
<link>https://www.dealstreetasia.com/reports/private-equity-in-se-asia-h1-2024-review</link>
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<pubDate>Wed, 11 Sep 2024 21:44:26 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>SG edtech Cialfo posts lower losses, slightly higher revenue in 2023</title>
<description>As a standalone company, Cialfo's total loss for the year stood 37% lower at $10.39m.</description>
<link>https://www.dealstreetasia.com/stories/cialfo-earnings-2023-411445/</link>
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<pubDate>Tue, 10 Sep 2024 22:10:46 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>Universities in Greater China emerge as new force in startup incubation</title>
<description>Over 67.9% of the 340 Chinese unicorns are led by founders from a domestic university. </description>
<link>https://www.dealstreetasia.com/stories/lp-view-universities-greater-china-411433/</link>
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<pubDate>Sun, 08 Sep 2024 22:12:42 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>Vietnamese police investigate local unicorn VNG's operations</title>
<description>The company has appointed vice-president Kelly Wong as acting CEO.</description>
<link>https://www.dealstreetasia.com/stories/police-investigate-vng-411362/</link>
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<pubDate>Fri, 06 Sep 2024 06:23:11 GMT</pubDate>
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<category>Vietnam</category>
</item>
<item>
<title>eFishery’s India operations turn EBITDA positive in debut year</title>
<description>eFishery is also tackling issues related to fraud in Indonesia, says newly appointed VP of Governance, Risk &amp; Compliance.</description>
<link>https://www.dealstreetasia.com/stories/efishery-india-ebitda-411174/</link>
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<pubDate>Thu, 05 Sep 2024 07:11:52 GMT</pubDate>
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<category>Indonesia</category>
</item>
<item>
<title>Rapido is India's fourth unicorn of 2024 after raising $200m led by WestBridge</title>
<description>Nexus, Think Investments and Invus Opportunities also participated.&nbsp;</description>
<link>https://www.dealstreetasia.com/stories/rapido-becomes-unicorn-411196/</link>
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<pubDate>Thu, 05 Sep 2024 05:01:22 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Thai PE firm 9Basil expands investment horizon to Philippines, Indonesia, Vietnam</title>
<description>It has already invested in Sourcefit, a Filipino BPO provider.</description>
<link>https://www.dealstreetasia.com/stories/9basil-ph-indonesia-vietnam-410914/</link>
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<pubDate>Tue, 03 Sep 2024 22:12:43 GMT</pubDate>
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<category>Indonesia</category>
</item>
<item>
<title>Chinese GPs tap flexible fund terms to lure insurers</title>
<description>Insurance LPs typically prefer a more fixed income type of returns.</description>
<link>https://www.dealstreetasia.com/stories/chinese-gps-insurance-investors-410578/</link>
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<pubDate>Mon, 02 Sep 2024 22:12:38 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>Mix of local, foreign LPs strengthens investment strategy: BPEA Credit</title>
<description>Having a mix of domestic and global LPs brings diverse perspectives, says Kanchan Jain.</description>
<link>https://www.dealstreetasia.com/stories/bpea-credit-kanchan-jain-interview-409567/</link>
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<pubDate>Mon, 26 Aug 2024 22:12:05 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>India's Cornerstone Ventures eyes first close of second fund at about $40m by Sept</title>
<description>The firm is in talks with several large domestic institutions and its existing HNI family office pool.</description>
<link>https://www.dealstreetasia.com/stories/cornerstone-vc-secodn-fund-409561/</link>
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<pubDate>Sun, 25 Aug 2024 22:02:44 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Greater China Deal Review: Q2 2024</title>
<description>Capital raised by Greater China startups fell 55% QoQ to just $9b.</description>
<link>https://www.dealstreetasia.com/reports/greater-china-deal-review-q2-2024</link>
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<pubDate>Wed, 21 Aug 2024 21:50:45 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>SE Asia's VC Funds: H1 2024 Review</title>
<description>Southeast Asian VC firms recorded a decline in both the number of fund closes and the total capital raised in the first half of 2024.</description>
<link>https://www.dealstreetasia.com/reports/se-asias-vc-funds-h1-2024-review</link>
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<pubDate>Tue, 20 Aug 2024 19:21:16 GMT</pubDate>
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<category>Singapore</category>
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<title>KKR-led consortium to acquire majority stake in Queensland Airports</title>
<description><p>The consortium acquired the stake from Macquarie Asset fund, State Super, and Australian Retirement Trust.</p>
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<title>MBK, Young Poong raise tender offer to $1.7b for Korea Zinc shares</title>
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<title>India: Mt. K Kapital raises about $60m to invest in real estate projects</title>
<description><p>The fund is backed by marquee investors such as SBI, ICICI Bank, and Famy Care.</p>
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<title>Silicon Valley’s Tribe Capital, Oister Global to launch $500m secondary fund in India</title>
<description><p>Tribe Capital has been so far investing in India through its three global venture funds.</p>
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<title>Warburg Pincus exits India’s CarTrade Tech in $45m share sale</title>
<description><p>The transaction was done through a bulk deal worth $44.86 million.</p>
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<title>Macquarie to take minority stake in D.E. Shaw’s green energy arm for up to $1.73b</title>
<description><p>The investment shows strong demand from corporations and governments to adopt cleaner sources of power.</p>
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<title>Bain-backed Japanese chipmaker Kioxia scraps plans for October IPO: report</title>
<description><p>Bain was targeting a market value of $10.4b for&nbsp;Kioxia&nbsp;but the recent sell-off has made that challenging.</p>
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<title>Thailand’s 10 Bridge Capital secures $195m first close of latest PE fund</title>
<description><p>The firm is planning to raise $250m for 10 Bridge Fund IV.</p>
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<title>Fubon Life offloads 5 funds at $270m profit; Cathay Life commits $50m to Summit Partners vehicle</title>
<description><p>Fubon said the holdings it disposed of were valued at about $1.05 billion.</p>
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<title>General Atlantic plans Abu Dhabi office by year-end</title>
<description><p>It has received preliminary approval for a license to operate out of the Abu Dhabi Global Market.</p>
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<title>SG-based climate Investor Sif.vc targets $40m for debut fund</title>
<description><p>The company secured a licence from the Monetary Authority of Singapore in June 2024.</p>
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<title>Women still constitute less than 20% of SE Asia’s VC decision-makers</title>
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<title>Vitalbridge Capital invests in VAST and 21 Greater China deals worth over $321m</title>
<description><p>Fortune Capital and Primavera Capital Group led the startup’s pre-Series A round.</p>
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<title>Chinese silicon carbide chip maker AscenPower pockets over $142m funding</title>
<description><p>The Series A round was co-led by Yuecai Fund and SDIC Venture Capital.</p>
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<title>BEENEXT leads funding in First Coffee and India deals worth $324m</title>
<description><p>The company is set to open 35 stores across the country by Q2 2025.</p>
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<title>AI healthtech startup Qure.ai raises $65m from Lightspeed, 360 ONE Asset</title>
<description><p>New investors Merck Global Health Innovation Fund and Kae Capital also joined the round.</p>
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<title>Whatfix raises $125m in Series E round led by Warburg Pincus</title>
<description><p>The round was also participated by existing investor SoftBank Vision Fund 2.</p>
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<title>India: Rigel Capital leads $25m funding in adtech startup AdOnMo</title>
<description><p>The latest financing follows AdOnMo’s $15m Series B in 2022.</p>
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<title>Silicon Valley’s Tribe Capital, Oister Global to launch $500m secondary fund in India</title>
<description><p>Tribe Capital has been so far investing in India through its three global venture funds.</p>
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<title>SG cybersecurity firm Blackpanda raises $6.7m more in Series A funding</title>
<description><p>The new funding brings the total size of the round to $21.7m.</p>
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<title>Citi joins hands with Apollo for $25b private credit programme</title>
<description><p>Mubadala and Apollo unit will also participate in the programme.</p>
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<title>Neovantage Innovation Parks secures $37m loan from HSBC India</title>
<description><p>The company was set up as a JV between Ivanhoé Cambridge and Lighthouse Canton.</p>
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<title>Muzinich & Co raising up to $1b for infra debt fund with Li Ka-Shing’s Orion3</title>
<description><p>The fund will look at opportunities in Australia, Singapore, Korea, Japan, HK, the UK, and Canada.</p>
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<title>Xendit’s arm XenCapital bags $50m credit facility from Helicap</title>
<description><p>The companies aim to enhance financial access for underbanked businesses across SE Asia.</p>
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<title>SG’s Genesis Alternative Ventures closes second venture debt fund below target</title>
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<title>Keppel sees private credit loan sizes growing in Asia as market evolves</title>
<description><p>Non-traditional lenders like Keppel have a greater risk appetite than traditional lenders.&nbsp;&nbsp;</p>
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<title>Temasek’s SeaTown Holdings raises over $1.3b for second private credit fund</title>
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<title>Fundraising slows in Asia’s once-hot private debt market</title>
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<title>KKR raises $808m so far for latest Asia private credit fund, shows filing</title>
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<title>Apple pulls out of talks to join OpenAI's investment round: WSJ</title>
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<category>Indonesia</category>
</item>
<item>
<title>Editor's take: The week that was — Sept 23-28</title>
<description>This weekly edition features coverage from our Asia PE-VC Summit 2024. </description>
<link>https://www.dealstreetasia.com/stories/editors-take-the-week-that-was-sept-23-28-413726/</link>
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<pubDate>Sat, 28 Sep 2024 22:45:10 GMT</pubDate>
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<category>Analysis</category>
</item>
<item>
<title>Editor's take: The week that was — Sept 23-28</title>
<description>This weekly edition features coverage from our Asia PE-VC Summit 2024. </description>
<link>https://www.dealstreetasia.com/stories/editors-take-the-week-that-was-sept-23-28-413726/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/editors-take-the-week-that-was-sept-23-28-413726/</guid>
<pubDate>Sat, 28 Sep 2024 22:45:10 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>SG-based climate Investor Sif.vc targets $40m for debut fund</title>
<description>The company secured a licence from the Monetary Authority of Singapore in June 2024.</description>
<link>https://www.dealstreetasia.com/stories/sif-vc-debut-fund-413448/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/sif-vc-debut-fund-413448/</guid>
<pubDate>Fri, 27 Sep 2024 22:12:43 GMT</pubDate>
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<category>Venture Capital</category>
</item>
<item>
<title>SG-based climate Investor Sif.vc targets $40m for debut fund</title>
<description>The company secured a licence from the Monetary Authority of Singapore in June 2024.</description>
<link>https://www.dealstreetasia.com/stories/sif-vc-debut-fund-413448/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/sif-vc-debut-fund-413448/</guid>
<pubDate>Fri, 27 Sep 2024 22:12:43 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>Women in SE Asia's VC Ecosystem 2024</title>
<description>Women comprise just 18% of investment decision-makers at Southeast Asia-based venture investors, finds our latest report.</description>
<link>https://www.dealstreetasia.com/reports/women-in-se-asias-vc-ecosystem-2024</link>
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<pubDate>Fri, 27 Sep 2024 22:09:30 GMT</pubDate>
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<category>Singapore</category>
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<item>
<title>Shopee, Tokopedia ask merchants to pay higher fees in pursuit of profit</title>
<description>TikTok and Lazada also require SE Asian sellers to pay higher commissions.</description>
<link>https://www.dealstreetasia.com/stories/shopee-tokopedia-hike-e-commerce-fees-413720/</link>
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<pubDate>Fri, 27 Sep 2024 22:08:03 GMT</pubDate>
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<category>Analysis</category>
</item>
<item>
<title>Shopee, Tokopedia ask merchants to pay higher fees in pursuit of profit</title>
<description>TikTok and Lazada also require SE Asian sellers to pay higher commissions.</description>
<link>https://www.dealstreetasia.com/stories/shopee-tokopedia-hike-e-commerce-fees-413720/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/shopee-tokopedia-hike-e-commerce-fees-413720/</guid>
<pubDate>Fri, 27 Sep 2024 22:08:03 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2023/08/Tokopedia-scaled-e1692096759228.jpg" type="image/jpeg"></enclosure>
<category>Indonesia</category>
</item>
<item>
<title>UK's Rightmove to consider sweetened $8.3b takeover bid from REA Group</title>
<description>Rightmove rejected the last three proposals from REA, saying they undervalued the company. </description>
<link>https://www.dealstreetasia.com/stories/rightmove-rea-group-2-413714/</link>
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<pubDate>Fri, 27 Sep 2024 21:52:33 GMT</pubDate>
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<category>World</category>
</item>
<item>
<title>Chinese courier delivery firm BingEx eyes US IPO at $1.2b valuation</title>
<description>The company is looking to raise up to $68m at the top of its targeted range.</description>
<link>https://www.dealstreetasia.com/stories/bingex-us-ipo-413713/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/bingex-us-ipo-413713/</guid>
<pubDate>Fri, 27 Sep 2024 21:52:11 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2017/03/Courier-kiC-621x414%40LiveMint-e1490247829270.jpg" type="image/jpeg"></enclosure>
<category>IPOs &amp; Markets</category>
</item>
<item>
<title>Chinese courier delivery firm BingEx eyes US IPO at $1.2b valuation</title>
<description>The company is looking to raise up to $68m at the top of its targeted range.</description>
<link>https://www.dealstreetasia.com/stories/bingex-us-ipo-413713/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/bingex-us-ipo-413713/</guid>
<pubDate>Fri, 27 Sep 2024 21:52:11 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2017/03/Courier-kiC-621x414%40LiveMint-e1490247829270.jpg" type="image/jpeg"></enclosure>
<category>Greater China</category>
</item>
<item>
<title>Indian gaming platform Loco sells majority stake to UAE's Redwood for $65m</title>
<description>The company is backed by investors including Catamaran, Lumikai, and Hashed.</description>
<link>https://www.dealstreetasia.com/stories/loco-sells-stake-to-redwood-413666/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/loco-sells-stake-to-redwood-413666/</guid>
<pubDate>Fri, 27 Sep 2024 12:41:52 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Thailand's pension fund earmarks $11.6b for global private assets amid overhaul</title>
<description>Thailand's biggest state&nbsp;fund has seen an average return of under 3% over the past 10 years.</description>
<link>https://www.dealstreetasia.com/stories/thailands-pension-fund-global-investment-413690/</link>
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<pubDate>Fri, 27 Sep 2024 11:29:42 GMT</pubDate>
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<category>Thailand</category>
</item>
<item>
<title>UBS in talks with 360 One for Indian wealth management JV: Report</title>
<description>The JV would help UBS to target HNIs from its existing focus on UHNIs.</description>
<link>https://www.dealstreetasia.com/stories/ubs-360-one-indian-wealth-management-jv-413686/</link>
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<pubDate>Fri, 27 Sep 2024 11:21:58 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>APAC Digest: eToro buys Spaceship for $55m, SBI Holdings backs UBX Philippines</title>
<description>SBI Holdings has bought a 16.67% stake in UBX Philippines.</description>
<link>https://www.dealstreetasia.com/stories/etoro-buys-spaceship-413655/</link>
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<pubDate>Fri, 27 Sep 2024 09:12:33 GMT</pubDate>
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<category>World</category>
</item>
<item>
<title>Dusit International plans to list food business arm in Thailand</title>
<description>Dusit's food business revenue grew 33% YoY in Q1 2024 to $50m.</description>
<link>https://www.dealstreetasia.com/stories/dusit-international-thailand-ipo-413638/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/dusit-international-thailand-ipo-413638/</guid>
<pubDate>Fri, 27 Sep 2024 06:41:17 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2018/10/thai-stock-exchange-e1625525293602.jpg" type="image/jpeg"></enclosure>
<category>IPOs &amp; Markets</category>
</item>
<item>
<title>Dusit International plans to list food business arm in Thailand</title>
<description>Dusit's food business revenue grew 33% YoY in Q1 2024 to $50m.</description>
<link>https://www.dealstreetasia.com/stories/dusit-international-thailand-ipo-413638/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/dusit-international-thailand-ipo-413638/</guid>
<pubDate>Fri, 27 Sep 2024 06:41:17 GMT</pubDate>
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<category>Thailand</category>
</item>
<item>
<title>Endowus posts higher losses in 2023 despite higher revenue</title>
<description>Employee compensation accounted for the largest portion of the group's expenses.</description>
<link>https://www.dealstreetasia.com/stories/endowus-earnings-fy2023-413290/</link>
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<pubDate>Thu, 26 Sep 2024 22:12:22 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>Strong exit outlook for Indian PE, but valuations remain a challenge</title>
<description>Higher valuations prompt the need for disciplined investment strategies.</description>
<link>https://www.dealstreetasia.com/stories/india-private-equity-landscape-413491/</link>
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<pubDate>Thu, 26 Sep 2024 22:10:58 GMT</pubDate>
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<category>Asia PE-VC Summit 2024</category>
</item>
<item>
<title>SE Asian tech firms need to present strong bottom line to reap exits</title>
<description>Exits have been a struggle in Southeast Asia.</description>
<link>https://www.dealstreetasia.com/stories/se-asian-tech-exits-413326/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/se-asian-tech-exits-413326/</guid>
<pubDate>Thu, 26 Sep 2024 22:10:25 GMT</pubDate>
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<category>Asia PE-VC Summit 2024</category>
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<item>
<title>Vitalbridge Capital invests in VAST and 21 Greater China deals worth over $321m</title>
<description>Fortune Capital and Primavera Capital Group led the startup’s pre-Series A round.</description>
<link>https://www.dealstreetasia.com/stories/vitalbridge-capital-vast-china-deals-413479/</link>
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<pubDate>Thu, 26 Sep 2024 22:03:18 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>Swiggy files for $1.25b IPO in India's booming stock market</title>
<description>The Bengaluru-based startup is targeting a valuation of $15 billion through the offering</description>
<link>https://www.dealstreetasia.com/stories/swiggy-files-for-ipo-413590/</link>
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<pubDate>Thu, 26 Sep 2024 21:24:59 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>People Digest: KIC names new CEO; Amundi Singapore appoints senior portfolio manager</title>
<description>KIC's new CEO Il Young Park starts his three-year term on Thursday</description>
<link>https://www.dealstreetasia.com/stories/people-digest-kic-amundi-413537/</link>
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<pubDate>Thu, 26 Sep 2024 20:47:15 GMT</pubDate>
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<category>Rest of Asia</category>
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<item>
<title>Chinese silicon carbide chip maker AscenPower pockets over $142m funding</title>
<description>The Series A round was co-led by Yuecai Fund and SDIC Venture Capital.</description>
<link>https://www.dealstreetasia.com/stories/chinese-silicon-carbide-chip-maker-ascenpower-pockets-over-142m-funding-413527/</link>
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<pubDate>Thu, 26 Sep 2024 07:09:21 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>South Korea pension fund to relax FX rules to mitigate market impact</title>
<description>The change will come into effect from October.</description>
<link>https://www.dealstreetasia.com/stories/south-korea-pension-fund-to-relax-fx-rules-to-mitigate-market-impact-413508/</link>
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<pubDate>Thu, 26 Sep 2024 06:03:05 GMT</pubDate>
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<category>Rest of Asia</category>
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<item>
<title>Citi names Tokiya Kishie as head of Japan markets</title>
<description>Kishie&nbsp;joined&nbsp;Citi&nbsp;in 2010 after working at Nomura Securities, Lehman Brothers, and Tokyo Star Bank.</description>
<link>https://www.dealstreetasia.com/stories/citi-japan-413501/</link>
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<pubDate>Thu, 26 Sep 2024 05:49:33 GMT</pubDate>
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<category>Rest of Asia</category>
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<item>
<title>S Korean battery maker SK On to lay off staff amid challenging EV market</title>
<description>SK&nbsp;On has been struggling with a drop in&nbsp;battery&nbsp;shipments&nbsp;amid&nbsp;a global slowdown in&nbsp;EV&nbsp;sales.</description>
<link>https://www.dealstreetasia.com/stories/s-korean-battery-maker-sk-on-to-lay-off-staff-amid-challenging-ev-market-413494/</link>
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<pubDate>Thu, 26 Sep 2024 05:40:14 GMT</pubDate>
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<category>Rest of Asia</category>
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<item>
<title>BEENEXT leads funding in First Coffee and India deals worth $324m</title>
<description>The company is set to open 35 stores across the country by Q2 2025.</description>
<link>https://www.dealstreetasia.com/stories/beenext-first-coffee-413469/</link>
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<pubDate>Thu, 26 Sep 2024 04:57:32 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>KKR-led consortium to acquire majority stake in Queensland Airports</title>
<description>The consortium acquired the stake from Macquarie Asset fund, State Super, and Australian Retirement Trust.</description>
<link>https://www.dealstreetasia.com/stories/kkr-queensland-airports-413450/</link>
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<pubDate>Thu, 26 Sep 2024 03:27:47 GMT</pubDate>
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<category>World</category>
</item>
<item>
<title>Data Vantage: Zepto, Columbia Asia, AIZEN and Maya Innovations in focus</title>
<description>Indian quick commerce unicorn Zepto received capital last week from investors, including General Catalyst.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-zepto-columbia-413411/</link>
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<pubDate>Wed, 25 Sep 2024 23:30:50 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>MBK, Young Poong raise tender offer to $1.7b for Korea Zinc shares</title>
<description>Young Poong is already Korea Zinc's largest shareholder, with a 25.4% stake as of end-June.</description>
<link>https://www.dealstreetasia.com/stories/mbk-young-poong-korea-zinc-2-413427/</link>
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<pubDate>Wed, 25 Sep 2024 22:22:01 GMT</pubDate>
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<category>Rest of Asia</category>
</item>
<item>
<title>PH fintech unicorn Maya Innovations trims losses by 25% in 2023</title>
<description>In 2022, the company achieved unicorn&nbsp;status after raising $210m in a fresh funding round.</description>
<link>https://www.dealstreetasia.com/stories/maya-innovations-earnings-2023-412967/</link>
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<pubDate>Wed, 25 Sep 2024 22:10:37 GMT</pubDate>
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<category>Philippines</category>
</item>
<item>
<title>India: Mt. K Kapital raises about $60m to invest in real estate projects</title>
<description>The fund is backed by marquee investors such as SBI, ICICI Bank, and Famy Care.</description>
<link>https://www.dealstreetasia.com/stories/mt-k-kapital-maiden-fund-413406/</link>
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<pubDate>Wed, 25 Sep 2024 12:09:28 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Silicon Valley's Tribe Capital, Oister Global to launch $500m secondary fund in India</title>
<description>Tribe Capital has been so far investing in India through its three global venture funds.</description>
<link>https://www.dealstreetasia.com/stories/tribe-capital-oister-global-413298/</link>
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<pubDate>Wed, 25 Sep 2024 02:52:53 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Potential for strong returns is driving higher PE allocations to Asia</title>
<description>Asset allocators say they are increasing their commitments to the region.</description>
<link>https://www.dealstreetasia.com/stories/asia-pe-vc-summit-2024-geographies-that-matter-413121/</link>
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<pubDate>Tue, 24 Sep 2024 22:10:34 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>[Updated] Macro headwinds drive investors to 'globalised' healthcare assets</title>
<description>LYFE Capital’s going-global investment strategy is reflected in its latest deals.</description>
<link>https://www.dealstreetasia.com/stories/globalised-healthcare-lyfe-capital-413142/</link>
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<pubDate>Tue, 24 Sep 2024 22:10:04 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>China's securities regulator promotes M&A among listed firms</title>
<description>CSRC encourages industry consolidation towards advanced productivity.</description>
<link>https://www.dealstreetasia.com/stories/china-ma-listed-firms-413234/</link>
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<pubDate>Tue, 24 Sep 2024 21:15:39 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>Warburg Pincus exits India's CarTrade Tech in $45m share sale</title>
<description>The transaction was done through a bulk deal worth $44.86 million.</description>
<link>https://www.dealstreetasia.com/stories/warburg-pincus-cartrade-413239/</link>
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<pubDate>Tue, 24 Sep 2024 21:12:18 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Macquarie to take minority stake in D.E. Shaw's green energy arm for up to $1.73b</title>
<description>The investment shows strong demand from corporations and governments to adopt cleaner sources of power.</description>
<link>https://www.dealstreetasia.com/stories/macquarie-d-e-shaw-413243/</link>
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<pubDate>Tue, 24 Sep 2024 21:10:33 GMT</pubDate>
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<category>World</category>
</item>
<item>
<title>Bain-backed Japanese chipmaker Kioxia scraps plans for October IPO: report</title>
<description>Bain was targeting a market value of $10.4b for&nbsp;Kioxia&nbsp;but the recent sell-off has made that challenging.</description>
<link>https://www.dealstreetasia.com/stories/kioxia-scraps-october-ipo-plans-413181/</link>
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<pubDate>Tue, 24 Sep 2024 08:19:16 GMT</pubDate>
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<category>Rest of Asia</category>
</item>
<item>
<title>JPMorgan bullish on India and Japan, keen to allocate resources to SE Asia</title>
<description>Southeast Asia is seen to be benefiting from the "China Plus One" strategy</description>
<link>https://www.dealstreetasia.com/stories/jpmorgan-india-japan-413167/</link>
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<pubDate>Tue, 24 Sep 2024 07:29:47 GMT</pubDate>
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<category></category>
</item>
<item>
<title>Data Vantage: BillEase, Umami Bioworks, Lhoopa and Pallav Tech in focus</title>
<description>Consumer finance startup BillEase received capital from TPG's The Rise Fund and Burda last week.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-billease-umami-413000/</link>
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<pubDate>Mon, 23 Sep 2024 23:30:34 GMT</pubDate>
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<category>Indonesia</category>
</item>
<item>
<title>ESG practices emerge as crucial benchmark for capital investment</title>
<description>ESG is no longer just a tool for risk management but presents a significant opportunity.</description>
<link>https://www.dealstreetasia.com/stories/esg-asia-pe-vc-summit-2024-412827/</link>
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<pubDate>Mon, 23 Sep 2024 22:10:02 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>Livspace's losses halve in FY2024 driven by robust India sales</title>
<description>The Singapore- and India-based company’s revenue surged 14.7%, according to ACRA filings. </description>
<link>https://www.dealstreetasia.com/stories/livspace-earnings-fy-2024-412973/</link>
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<pubDate>Mon, 23 Sep 2024 22:02:09 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>VinFast's Q2 losses widen on impairment charge, higher expenses</title>
<description>Its net&nbsp;loss increased 27% from Q1 and 40% over the same period last year.&nbsp;</description>
<link>https://www.dealstreetasia.com/stories/vinfasts-q2-losses-widen-on-impairment-charge-higher-expenses-412861/</link>
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<pubDate>Sun, 22 Sep 2024 11:57:50 GMT</pubDate>
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<category>Vietnam</category>
</item>
<item>
<title>PhysicsWallah's valuation soars to $2.8b after raising $210m in fresh round</title>
<description>The round was led by Asia hedge fund Hornbill Capital, with significant participation from Lightspeed.</description>
<link>https://www.dealstreetasia.com/stories/physicswallah-valuation-funding-412687/</link>
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<pubDate>Sun, 22 Sep 2024 04:00:30 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Editor’s take: The week that was—Sept 16-21</title>
<description>We successfully concluded our annual Asia PE-VC Summit in Singapore this week.</description>
<link>https://www.dealstreetasia.com/stories/the-week-that-was-39-412779/</link>
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<pubDate>Sat, 21 Sep 2024 23:00:46 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>EPF, Siam Commercial Bank among winners of Investing in Women LP Award 2024</title>
<description>Philippine conglomerate Ayala emerged as the winner in the corporate investor category.</description>
<link>https://www.dealstreetasia.com/stories/women-lp-award-2024-412753/</link>
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<pubDate>Fri, 20 Sep 2024 02:11:06 GMT</pubDate>
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<category>Malaysia</category>
</item>
<item>
<title>Bridgewater's Dalio and Singapore's GIC chief cautious on global outlook</title>
<description>GIC CEO Lim said the SWF has to be more selective in finding investment opportunities. </description>
<link>https://www.dealstreetasia.com/stories/dalio-singapores-gic-global-outlook-412609/</link>
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<pubDate>Wed, 18 Sep 2024 03:24:35 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>Data Vantage: Tokenize Xchange, Chitose, Jatri and DELOS in focus</title>
<description>Crypto exchange Tokenize Xchange has issued new shares to an SPV backed by HNWIs.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-tokenize-xchange-412436/</link>
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<pubDate>Mon, 16 Sep 2024 21:50:00 GMT</pubDate>
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<category>Indonesia</category>
</item>
<item>
<title>Data Vantage: Optty, GlobalTix, Novotech and TurtleTree in focus</title>
<description>Payments tech firm Optty saw its net loss surge 1.3x in the year ended Feb 29, 2024.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-optty-globaltix-412010/</link>
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<pubDate>Wed, 11 Sep 2024 23:30:20 GMT</pubDate>
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<category>Indonesia</category>
</item>
<item>
<title>Private Equity in SE Asia: H1 2024 Review</title>
<description>No SE Asia-focused PE fund secured a final close in H1 2024.</description>
<link>https://www.dealstreetasia.com/reports/private-equity-in-se-asia-h1-2024-review</link>
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<pubDate>Wed, 11 Sep 2024 21:44:26 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>SG edtech Cialfo posts lower losses, slightly higher revenue in 2023</title>
<description>As a standalone company, Cialfo's total loss for the year stood 37% lower at $10.39m.</description>
<link>https://www.dealstreetasia.com/stories/cialfo-earnings-2023-411445/</link>
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<pubDate>Tue, 10 Sep 2024 22:10:46 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>Universities in Greater China emerge as new force in startup incubation</title>
<description>Over 67.9% of the 340 Chinese unicorns are led by founders from a domestic university. </description>
<link>https://www.dealstreetasia.com/stories/lp-view-universities-greater-china-411433/</link>
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<pubDate>Sun, 08 Sep 2024 22:12:42 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>Vietnamese police investigate local unicorn VNG's operations</title>
<description>The company has appointed vice-president Kelly Wong as acting CEO.</description>
<link>https://www.dealstreetasia.com/stories/police-investigate-vng-411362/</link>
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<pubDate>Fri, 06 Sep 2024 06:23:11 GMT</pubDate>
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<category>Vietnam</category>
</item>
<item>
<title>eFishery’s India operations turn EBITDA positive in debut year</title>
<description>eFishery is also tackling issues related to fraud in Indonesia, says newly appointed VP of Governance, Risk &amp; Compliance.</description>
<link>https://www.dealstreetasia.com/stories/efishery-india-ebitda-411174/</link>
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<pubDate>Thu, 05 Sep 2024 07:11:52 GMT</pubDate>
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<category>Indonesia</category>
</item>
<item>
<title>Rapido is India's fourth unicorn of 2024 after raising $200m led by WestBridge</title>
<description>Nexus, Think Investments and Invus Opportunities also participated.&nbsp;</description>
<link>https://www.dealstreetasia.com/stories/rapido-becomes-unicorn-411196/</link>
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<pubDate>Thu, 05 Sep 2024 05:01:22 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Thai PE firm 9Basil expands investment horizon to Philippines, Indonesia, Vietnam</title>
<description>It has already invested in Sourcefit, a Filipino BPO provider.</description>
<link>https://www.dealstreetasia.com/stories/9basil-ph-indonesia-vietnam-410914/</link>
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<pubDate>Tue, 03 Sep 2024 22:12:43 GMT</pubDate>
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<category>Indonesia</category>
</item>
<item>
<title>Chinese GPs tap flexible fund terms to lure insurers</title>
<description>Insurance LPs typically prefer a more fixed income type of returns.</description>
<link>https://www.dealstreetasia.com/stories/chinese-gps-insurance-investors-410578/</link>
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<pubDate>Mon, 02 Sep 2024 22:12:38 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>Mix of local, foreign LPs strengthens investment strategy: BPEA Credit</title>
<description>Having a mix of domestic and global LPs brings diverse perspectives, says Kanchan Jain.</description>
<link>https://www.dealstreetasia.com/stories/bpea-credit-kanchan-jain-interview-409567/</link>
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<pubDate>Mon, 26 Aug 2024 22:12:05 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>India's Cornerstone Ventures eyes first close of second fund at about $40m by Sept</title>
<description>The firm is in talks with several large domestic institutions and its existing HNI family office pool.</description>
<link>https://www.dealstreetasia.com/stories/cornerstone-vc-secodn-fund-409561/</link>
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<pubDate>Sun, 25 Aug 2024 22:02:44 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Greater China Deal Review: Q2 2024</title>
<description>Capital raised by Greater China startups fell 55% QoQ to just $9b.</description>
<link>https://www.dealstreetasia.com/reports/greater-china-deal-review-q2-2024</link>
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<pubDate>Wed, 21 Aug 2024 21:50:45 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>SE Asia's VC Funds: H1 2024 Review</title>
<description>Southeast Asian VC firms recorded a decline in both the number of fund closes and the total capital raised in the first half of 2024.</description>
<link>https://www.dealstreetasia.com/reports/se-asias-vc-funds-h1-2024-review</link>
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<pubDate>Tue, 20 Aug 2024 19:21:16 GMT</pubDate>
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<title>KKR-led consortium to acquire majority stake in Queensland Airports</title>
<description><p>The consortium acquired the stake from Macquarie Asset fund, State Super, and Australian Retirement Trust.</p>
</description>
<link>https://www.dealstreetasia.com/stories/kkr-queensland-airports-413450/</link>
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<title>MBK, Young Poong raise tender offer to $1.7b for Korea Zinc shares</title>
<description><p>Young Poong is already Korea Zinc’s largest shareholder, with a 25.4% stake as of end-June.</p>
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<title>India: Mt. K Kapital raises about $60m to invest in real estate projects</title>
<description><p>The fund is backed by marquee investors such as SBI, ICICI Bank, and Famy Care.</p>
</description>
<link>https://www.dealstreetasia.com/stories/mt-k-kapital-maiden-fund-413406/</link>
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<title>Silicon Valley’s Tribe Capital, Oister Global to launch $500m secondary fund in India</title>
<description><p>Tribe Capital has been so far investing in India through its three global venture funds.</p>
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<link>https://www.dealstreetasia.com/stories/tribe-capital-oister-global-413298/</link>
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<title>Warburg Pincus exits India’s CarTrade Tech in $45m share sale</title>
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<title>Macquarie to take minority stake in D.E. Shaw’s green energy arm for up to $1.73b</title>
<description><p>The investment shows strong demand from corporations and governments to adopt cleaner sources of power.</p>
</description>
<link>https://www.dealstreetasia.com/stories/macquarie-d-e-shaw-413243/</link>
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<title>Bain-backed Japanese chipmaker Kioxia scraps plans for October IPO: report</title>
<description><p>Bain was targeting a market value of $10.4b for&nbsp;Kioxia&nbsp;but the recent sell-off has made that challenging.</p>
</description>
<link>https://www.dealstreetasia.com/stories/kioxia-scraps-october-ipo-plans-413181/</link>
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<title>Thailand’s 10 Bridge Capital secures $195m first close of latest PE fund</title>
<description><p>The firm is planning to raise $250m for 10 Bridge Fund IV.</p>
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<title>Fubon Life offloads 5 funds at $270m profit; Cathay Life commits $50m to Summit Partners vehicle</title>
<description><p>Fubon said the holdings it disposed of were valued at about $1.05 billion.</p>
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<pubDate>Mon, 30 Sep 2024 04:36:27 GMT</pubDate>
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<category>Venture Capital</category>
</item>
<item>
<title>Chinese sensor maker Asair raises almost $100m in Series D round</title>
<description>The firm is also backed by Addor Capital and Keywise Capital.</description>
<link>https://www.dealstreetasia.com/stories/asair-series-d-round-413834/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/asair-series-d-round-413834/</guid>
<pubDate>Mon, 30 Sep 2024 04:36:27 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>KKR-backed Malaysian telecom infra firm OMS Group to revive IPO plan</title>
<description>OMS&nbsp;shelved its Malaysian IPO last year as KKR invested $400m.</description>
<link>https://www.dealstreetasia.com/stories/oms-to-revisit-malaysia-ipo-plan-413835/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/oms-to-revisit-malaysia-ipo-plan-413835/</guid>
<pubDate>Mon, 30 Sep 2024 04:06:22 GMT</pubDate>
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<category>IPOs &amp; Markets</category>
</item>
<item>
<title>KKR-backed Malaysian telecom infra firm OMS Group to revive IPO plan</title>
<description>OMS&nbsp;shelved its Malaysian IPO last year as KKR invested $400m.</description>
<link>https://www.dealstreetasia.com/stories/oms-to-revisit-malaysia-ipo-plan-413835/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/oms-to-revisit-malaysia-ipo-plan-413835/</guid>
<pubDate>Mon, 30 Sep 2024 04:06:22 GMT</pubDate>
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<category>Malaysia</category>
</item>
<item>
<title>South Korea's SK Inc picks Hahn & Co as preferred bidder for SK Specialty</title>
<description>Hahn &amp; Co will buy SK Specialty for $3.29b, The Seoul Economic Daily reported.</description>
<link>https://www.dealstreetasia.com/stories/hahn-co-sk-specialty-413828/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/hahn-co-sk-specialty-413828/</guid>
<pubDate>Mon, 30 Sep 2024 03:41:36 GMT</pubDate>
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<category>Rest of Asia</category>
</item>
<item>
<title>BYD to recall 97,000 top-selling EVs on faulty steering component: regulator</title>
<description>BYD is recalling Dolphin and Yuan Plus EVs made in China.</description>
<link>https://www.dealstreetasia.com/stories/byd-to-recall-97000-evs-413806/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/byd-to-recall-97000-evs-413806/</guid>
<pubDate>Mon, 30 Sep 2024 01:26:45 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>Chinese SOE to buy Innovalues for $235m from Northstar</title>
<description>Northstar took Innovalues private from the SGX in a $238.6m transaction completed in 2017. </description>
<link>https://www.dealstreetasia.com/stories/innovalues-northstar-413388/</link>
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<pubDate>Sun, 29 Sep 2024 22:12:26 GMT</pubDate>
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<category>Private Equity</category>
</item>
<item>
<title>Chinese SOE to buy Innovalues for $235m from Northstar</title>
<description>Northstar took Innovalues private from the SGX in a $238.6m transaction completed in 2017. </description>
<link>https://www.dealstreetasia.com/stories/innovalues-northstar-413388/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/innovalues-northstar-413388/</guid>
<pubDate>Sun, 29 Sep 2024 22:12:26 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>Veteran VCs downplay funding drought, bullish on Asia opportunities</title>
<description>Leaders from Granite Asia and Peak XV said this is actually the best time to invest.</description>
<link>https://www.dealstreetasia.com/stories/asia-pe-vc-summit-peak-xv-granite-413361/</link>
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<pubDate>Sun, 29 Sep 2024 22:10:53 GMT</pubDate>
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<category>Asia PE-VC Summit 2024</category>
</item>
<item>
<title>The LP View: Correction in valuations brought discipline, will lead to better returns</title>
<description>"The volatility has brought maturity to entrepreneurs and capital providers."</description>
<link>https://www.dealstreetasia.com/stories/india-asset-allocators-asia-pe-vc-summit-2024-413663/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/india-asset-allocators-asia-pe-vc-summit-2024-413663/</guid>
<pubDate>Sun, 29 Sep 2024 22:10:32 GMT</pubDate>
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<category>Asia PE-VC Summit 2024</category>
</item>
<item>
<title>The LP View: Correction in valuations brought discipline, will lead to better returns</title>
<description>"The volatility has brought maturity to entrepreneurs and capital providers."</description>
<link>https://www.dealstreetasia.com/stories/india-asset-allocators-asia-pe-vc-summit-2024-413663/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/india-asset-allocators-asia-pe-vc-summit-2024-413663/</guid>
<pubDate>Sun, 29 Sep 2024 22:10:32 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>GPs expect more China-Middle East capital flows but fundraising challenges persist</title>
<description>Fund managers are facing difficulties in translating closer regional ties into actual fundraising.</description>
<link>https://www.dealstreetasia.com/stories/gps-expect-more-capital-flows-413650/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/gps-expect-more-capital-flows-413650/</guid>
<pubDate>Sun, 29 Sep 2024 22:00:10 GMT</pubDate>
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<category>Asia PE-VC Summit 2024</category>
</item>
<item>
<title>SE Asia’s IPOs: Where will the future spark come from?</title>
<description>IPO fundraising halved in SE Asia in Q1-Q3 2024.</description>
<link>https://www.dealstreetasia.com/reports/se-asia-ipos-future-spark</link>
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<pubDate>Sun, 29 Sep 2024 21:55:27 GMT</pubDate>
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<category>Indonesia</category>
</item>
<item>
<title>Online sellers on Flipkart sue India watchdog over antitrust probe</title>
<description>Antitrust investigations&nbsp;in August alleged Amazon and&nbsp;Flipkart violated local competition laws.</description>
<link>https://www.dealstreetasia.com/stories/sellers-on-flipkart-sue-watchdog-413742/</link>
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<pubDate>Sun, 29 Sep 2024 10:25:28 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Women still constitute less than 20% of SE Asia's VC decision-makers</title>
<description>SE Asia's performance is on par with US, where about 18% of&nbsp;VC decision-makers are female.</description>
<link>https://www.dealstreetasia.com/stories/women-se-asia-venture-2024-413694/</link>
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<pubDate>Sat, 28 Sep 2024 23:15:10 GMT</pubDate>
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<category>Venture Capital</category>
</item>
<item>
<title>Women still constitute less than 20% of SE Asia's VC decision-makers</title>
<description>SE Asia's performance is on par with US, where about 18% of&nbsp;VC decision-makers are female.</description>
<link>https://www.dealstreetasia.com/stories/women-se-asia-venture-2024-413694/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/women-se-asia-venture-2024-413694/</guid>
<pubDate>Sat, 28 Sep 2024 23:15:10 GMT</pubDate>
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<category>Indonesia</category>
</item>
<item>
<title>Editor's take: The week that was — Sept 23-28</title>
<description>This weekly edition features coverage from our Asia PE-VC Summit 2024. </description>
<link>https://www.dealstreetasia.com/stories/editors-take-the-week-that-was-sept-23-28-413726/</link>
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<pubDate>Sat, 28 Sep 2024 22:45:10 GMT</pubDate>
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<category>Singapore</category>
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<item>
<title>SG-based climate Investor Sif.vc targets $40m for debut fund</title>
<description>The company secured a licence from the Monetary Authority of Singapore in June 2024.</description>
<link>https://www.dealstreetasia.com/stories/sif-vc-debut-fund-413448/</link>
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<pubDate>Fri, 27 Sep 2024 22:12:43 GMT</pubDate>
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<category>Singapore</category>
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<item>
<title>Women in SE Asia's VC Ecosystem 2024</title>
<description>Women comprise just 18% of investment decision-makers at Southeast Asia-based venture investors, finds our latest report.</description>
<link>https://www.dealstreetasia.com/reports/women-in-se-asias-vc-ecosystem-2024</link>
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<pubDate>Fri, 27 Sep 2024 22:09:30 GMT</pubDate>
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<category>Singapore</category>
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<item>
<title>Chinese courier delivery firm BingEx eyes US IPO at $1.2b valuation</title>
<description>The company is looking to raise up to $68m at the top of its targeted range.</description>
<link>https://www.dealstreetasia.com/stories/bingex-us-ipo-413713/</link>
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<pubDate>Fri, 27 Sep 2024 21:52:11 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>Endowus posts higher losses in 2023 despite higher revenue</title>
<description>Employee compensation accounted for the largest portion of the group's expenses.</description>
<link>https://www.dealstreetasia.com/stories/endowus-earnings-fy2023-413290/</link>
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<pubDate>Thu, 26 Sep 2024 22:12:22 GMT</pubDate>
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<category>Singapore</category>
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<item>
<title>Vitalbridge Capital invests in VAST and 21 Greater China deals worth over $321m</title>
<description>Fortune Capital and Primavera Capital Group led the startup’s pre-Series A round.</description>
<link>https://www.dealstreetasia.com/stories/vitalbridge-capital-vast-china-deals-413479/</link>
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<pubDate>Thu, 26 Sep 2024 22:03:18 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>People Digest: KIC names new CEO; Amundi Singapore appoints senior portfolio manager</title>
<description>KIC's new CEO Il Young Park starts his three-year term on Thursday</description>
<link>https://www.dealstreetasia.com/stories/people-digest-kic-amundi-413537/</link>
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<pubDate>Thu, 26 Sep 2024 20:47:15 GMT</pubDate>
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<category>Rest of Asia</category>
</item>
<item>
<title>South Korea pension fund to relax FX rules to mitigate market impact</title>
<description>The change will come into effect from October.</description>
<link>https://www.dealstreetasia.com/stories/south-korea-pension-fund-to-relax-fx-rules-to-mitigate-market-impact-413508/</link>
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<pubDate>Thu, 26 Sep 2024 06:03:05 GMT</pubDate>
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<category>Rest of Asia</category>
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<item>
<title>Citi names Tokiya Kishie as head of Japan markets</title>
<description>Kishie&nbsp;joined&nbsp;Citi&nbsp;in 2010 after working at Nomura Securities, Lehman Brothers, and Tokyo Star Bank.</description>
<link>https://www.dealstreetasia.com/stories/citi-japan-413501/</link>
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<pubDate>Thu, 26 Sep 2024 05:49:33 GMT</pubDate>
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<category>Rest of Asia</category>
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<item>
<title>S Korean battery maker SK On to lay off staff amid challenging EV market</title>
<description>SK&nbsp;On has been struggling with a drop in&nbsp;battery&nbsp;shipments&nbsp;amid&nbsp;a global slowdown in&nbsp;EV&nbsp;sales.</description>
<link>https://www.dealstreetasia.com/stories/s-korean-battery-maker-sk-on-to-lay-off-staff-amid-challenging-ev-market-413494/</link>
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<pubDate>Thu, 26 Sep 2024 05:40:14 GMT</pubDate>
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<category>Rest of Asia</category>
</item>
<item>
<title>KKR-led consortium to acquire majority stake in Queensland Airports</title>
<description>The consortium acquired the stake from Macquarie Asset fund, State Super, and Australian Retirement Trust.</description>
<link>https://www.dealstreetasia.com/stories/kkr-queensland-airports-413450/</link>
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<pubDate>Thu, 26 Sep 2024 03:27:47 GMT</pubDate>
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<category>World</category>
</item>
<item>
<title>Data Vantage: Zepto, Columbia Asia, AIZEN and Maya Innovations in focus</title>
<description>Indian quick commerce unicorn Zepto received capital last week from investors, including General Catalyst.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-zepto-columbia-413411/</link>
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<pubDate>Wed, 25 Sep 2024 23:30:50 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>MBK, Young Poong raise tender offer to $1.7b for Korea Zinc shares</title>
<description>Young Poong is already Korea Zinc's largest shareholder, with a 25.4% stake as of end-June.</description>
<link>https://www.dealstreetasia.com/stories/mbk-young-poong-korea-zinc-2-413427/</link>
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<pubDate>Wed, 25 Sep 2024 22:22:01 GMT</pubDate>
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<category>Rest of Asia</category>
</item>
<item>
<title>PH fintech unicorn Maya Innovations trims losses by 25% in 2023</title>
<description>In 2022, the company achieved unicorn&nbsp;status after raising $210m in a fresh funding round.</description>
<link>https://www.dealstreetasia.com/stories/maya-innovations-earnings-2023-412967/</link>
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<pubDate>Wed, 25 Sep 2024 22:10:37 GMT</pubDate>
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<category>Philippines</category>
</item>
<item>
<title>India: Mt. K Kapital raises about $60m to invest in real estate projects</title>
<description>The fund is backed by marquee investors such as SBI, ICICI Bank, and Famy Care.</description>
<link>https://www.dealstreetasia.com/stories/mt-k-kapital-maiden-fund-413406/</link>
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<pubDate>Wed, 25 Sep 2024 12:09:28 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Silicon Valley's Tribe Capital, Oister Global to launch $500m secondary fund in India</title>
<description>Tribe Capital has been so far investing in India through its three global venture funds.</description>
<link>https://www.dealstreetasia.com/stories/tribe-capital-oister-global-413298/</link>
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<pubDate>Wed, 25 Sep 2024 02:52:53 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Potential for strong returns is driving higher PE allocations to Asia</title>
<description>Asset allocators say they are increasing their commitments to the region.</description>
<link>https://www.dealstreetasia.com/stories/asia-pe-vc-summit-2024-geographies-that-matter-413121/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/asia-pe-vc-summit-2024-geographies-that-matter-413121/</guid>
<pubDate>Tue, 24 Sep 2024 22:10:34 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>[Updated] Macro headwinds drive investors to 'globalised' healthcare assets</title>
<description>LYFE Capital’s going-global investment strategy is reflected in its latest deals.</description>
<link>https://www.dealstreetasia.com/stories/globalised-healthcare-lyfe-capital-413142/</link>
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<pubDate>Tue, 24 Sep 2024 22:10:04 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>China's securities regulator promotes M&A among listed firms</title>
<description>CSRC encourages industry consolidation towards advanced productivity.</description>
<link>https://www.dealstreetasia.com/stories/china-ma-listed-firms-413234/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/china-ma-listed-firms-413234/</guid>
<pubDate>Tue, 24 Sep 2024 21:15:39 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>JPMorgan bullish on India and Japan, keen to allocate resources to SE Asia</title>
<description>Southeast Asia is seen to be benefiting from the "China Plus One" strategy</description>
<link>https://www.dealstreetasia.com/stories/jpmorgan-india-japan-413167/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/jpmorgan-india-japan-413167/</guid>
<pubDate>Tue, 24 Sep 2024 07:29:47 GMT</pubDate>
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<category></category>
</item>
<item>
<title>Data Vantage: BillEase, Umami Bioworks, Lhoopa and Pallav Tech in focus</title>
<description>Consumer finance startup BillEase received capital from TPG's The Rise Fund and Burda last week.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-billease-umami-413000/</link>
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<pubDate>Mon, 23 Sep 2024 23:30:34 GMT</pubDate>
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<item>
<title>ESG practices emerge as crucial benchmark for capital investment</title>
<description>ESG is no longer just a tool for risk management but presents a significant opportunity.</description>
<link>https://www.dealstreetasia.com/stories/esg-asia-pe-vc-summit-2024-412827/</link>
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<pubDate>Mon, 23 Sep 2024 22:10:02 GMT</pubDate>
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<item>
<title>Livspace's losses halve in FY2024 driven by robust India sales</title>
<description>The Singapore- and India-based company’s revenue surged 14.7%, according to ACRA filings. </description>
<link>https://www.dealstreetasia.com/stories/livspace-earnings-fy-2024-412973/</link>
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<pubDate>Mon, 23 Sep 2024 22:02:09 GMT</pubDate>
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</item>
<item>
<title>VinFast's Q2 losses widen on impairment charge, higher expenses</title>
<description>Its net&nbsp;loss increased 27% from Q1 and 40% over the same period last year.&nbsp;</description>
<link>https://www.dealstreetasia.com/stories/vinfasts-q2-losses-widen-on-impairment-charge-higher-expenses-412861/</link>
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<pubDate>Sun, 22 Sep 2024 11:57:50 GMT</pubDate>
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</item>
<item>
<title>PhysicsWallah's valuation soars to $2.8b after raising $210m in fresh round</title>
<description>The round was led by Asia hedge fund Hornbill Capital, with significant participation from Lightspeed.</description>
<link>https://www.dealstreetasia.com/stories/physicswallah-valuation-funding-412687/</link>
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<pubDate>Sun, 22 Sep 2024 04:00:30 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Editor’s take: The week that was—Sept 16-21</title>
<description>We successfully concluded our annual Asia PE-VC Summit in Singapore this week.</description>
<link>https://www.dealstreetasia.com/stories/the-week-that-was-39-412779/</link>
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<pubDate>Sat, 21 Sep 2024 23:00:46 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>EPF, Siam Commercial Bank among winners of Investing in Women LP Award 2024</title>
<description>Philippine conglomerate Ayala emerged as the winner in the corporate investor category.</description>
<link>https://www.dealstreetasia.com/stories/women-lp-award-2024-412753/</link>
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<pubDate>Fri, 20 Sep 2024 02:11:06 GMT</pubDate>
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<category>Malaysia</category>
</item>
<item>
<title>Bridgewater's Dalio and Singapore's GIC chief cautious on global outlook</title>
<description>GIC CEO Lim said the SWF has to be more selective in finding investment opportunities. </description>
<link>https://www.dealstreetasia.com/stories/dalio-singapores-gic-global-outlook-412609/</link>
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<pubDate>Wed, 18 Sep 2024 03:24:35 GMT</pubDate>
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<category>Singapore</category>
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<item>
<title>Data Vantage: Tokenize Xchange, Chitose, Jatri and DELOS in focus</title>
<description>Crypto exchange Tokenize Xchange has issued new shares to an SPV backed by HNWIs.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-tokenize-xchange-412436/</link>
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<pubDate>Mon, 16 Sep 2024 21:50:00 GMT</pubDate>
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</item>
<item>
<title>Data Vantage: Optty, GlobalTix, Novotech and TurtleTree in focus</title>
<description>Payments tech firm Optty saw its net loss surge 1.3x in the year ended Feb 29, 2024.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-optty-globaltix-412010/</link>
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<pubDate>Wed, 11 Sep 2024 23:30:20 GMT</pubDate>
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<category>Indonesia</category>
</item>
<item>
<title>Private Equity in SE Asia: H1 2024 Review</title>
<description>No SE Asia-focused PE fund secured a final close in H1 2024.</description>
<link>https://www.dealstreetasia.com/reports/private-equity-in-se-asia-h1-2024-review</link>
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<item>
<title>SG edtech Cialfo posts lower losses, slightly higher revenue in 2023</title>
<description>As a standalone company, Cialfo's total loss for the year stood 37% lower at $10.39m.</description>
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<pubDate>Tue, 10 Sep 2024 22:10:46 GMT</pubDate>
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<item>
<title>Universities in Greater China emerge as new force in startup incubation</title>
<description>Over 67.9% of the 340 Chinese unicorns are led by founders from a domestic university. </description>
<link>https://www.dealstreetasia.com/stories/lp-view-universities-greater-china-411433/</link>
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<pubDate>Sun, 08 Sep 2024 22:12:42 GMT</pubDate>
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<category>Greater China</category>
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<item>
<title>Vietnamese police investigate local unicorn VNG's operations</title>
<description>The company has appointed vice-president Kelly Wong as acting CEO.</description>
<link>https://www.dealstreetasia.com/stories/police-investigate-vng-411362/</link>
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<pubDate>Fri, 06 Sep 2024 06:23:11 GMT</pubDate>
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<category>Vietnam</category>
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<item>
<title>eFishery’s India operations turn EBITDA positive in debut year</title>
<description>eFishery is also tackling issues related to fraud in Indonesia, says newly appointed VP of Governance, Risk &amp; Compliance.</description>
<link>https://www.dealstreetasia.com/stories/efishery-india-ebitda-411174/</link>
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<pubDate>Thu, 05 Sep 2024 07:11:52 GMT</pubDate>
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<category>Indonesia</category>
</item>
<item>
<title>Rapido is India's fourth unicorn of 2024 after raising $200m led by WestBridge</title>
<description>Nexus, Think Investments and Invus Opportunities also participated.&nbsp;</description>
<link>https://www.dealstreetasia.com/stories/rapido-becomes-unicorn-411196/</link>
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<pubDate>Thu, 05 Sep 2024 05:01:22 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Thai PE firm 9Basil expands investment horizon to Philippines, Indonesia, Vietnam</title>
<description>It has already invested in Sourcefit, a Filipino BPO provider.</description>
<link>https://www.dealstreetasia.com/stories/9basil-ph-indonesia-vietnam-410914/</link>
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<pubDate>Tue, 03 Sep 2024 22:12:43 GMT</pubDate>
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<category>Indonesia</category>
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<item>
<title>Mix of local, foreign LPs strengthens investment strategy: BPEA Credit</title>
<description>Having a mix of domestic and global LPs brings diverse perspectives, says Kanchan Jain.</description>
<link>https://www.dealstreetasia.com/stories/bpea-credit-kanchan-jain-interview-409567/</link>
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<pubDate>Mon, 26 Aug 2024 22:12:05 GMT</pubDate>
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<item>
<title>India's Cornerstone Ventures eyes first close of second fund at about $40m by Sept</title>
<description>The firm is in talks with several large domestic institutions and its existing HNI family office pool.</description>
<link>https://www.dealstreetasia.com/stories/cornerstone-vc-secodn-fund-409561/</link>
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<pubDate>Sun, 25 Aug 2024 22:02:44 GMT</pubDate>
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<item>
<title>Greater China Deal Review: Q2 2024</title>
<description>Capital raised by Greater China startups fell 55% QoQ to just $9b.</description>
<link>https://www.dealstreetasia.com/reports/greater-china-deal-review-q2-2024</link>
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<pubDate>Wed, 21 Aug 2024 21:50:45 GMT</pubDate>
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<title>Silicon Valley’s Tribe Capital, Oister Global to launch $500m secondary fund in India</title>
<description><p>Tribe Capital has been so far investing in India through its three global venture funds.</p>
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<description><p>The investment shows strong demand from corporations and governments to adopt cleaner sources of power.</p>
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<title>Bain-backed Japanese chipmaker Kioxia scraps plans for October IPO: report</title>
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<title>Vitalbridge Capital invests in VAST and 21 Greater China deals worth over $321m</title>
<description><p>Fortune Capital and Primavera Capital Group led the startup’s pre-Series A round.</p>
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<title>Keppel sees private credit loan sizes growing in Asia as market evolves</title>
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<description><p>Capital raised for private debt funds in APAC dropped to a seven-year low of $5b in 2023.</p>
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<title>KKR raises $808m so far for latest Asia private credit fund, shows filing</title>
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<title>Bain launches tender offer to take private Japanese mobile retailer T-Gaia</title>
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<title>ByteDance plans to develop new AI model trained with Huawei chips: report</title>
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<title>Cross-border M&As recover in Asia in 2024 as dealmakers look abroad for growth</title>
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<title>India Digest: BASIC Home Loan, LISSUN raise funds; ThinKuvate hits first close of India fund</title>
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<title>Indonesian insurtech firm Rey bags additional $3.5m in seed funding</title>
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<title>Chinese sensor maker Asair raises almost $100m in Series D round</title>
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<title>KKR-backed Malaysian telecom infra firm OMS Group to revive IPO plan</title>
<description>OMS&nbsp;shelved its Malaysian IPO last year as KKR invested $400m.</description>
<link>https://www.dealstreetasia.com/stories/oms-to-revisit-malaysia-ipo-plan-413835/</link>
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<title>South Korea's SK Inc picks Hahn & Co as preferred bidder for SK Specialty</title>
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<title>BYD to recall 97,000 top-selling EVs on faulty steering component: regulator</title>
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<title>Chinese SOE to buy Innovalues for $235m from Northstar</title>
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<title>Chinese SOE to buy Innovalues for $235m from Northstar</title>
<description>Northstar took Innovalues private from the SGX in a $238.6m transaction completed in 2017. </description>
<link>https://www.dealstreetasia.com/stories/innovalues-northstar-413388/</link>
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<pubDate>Sun, 29 Sep 2024 22:12:26 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>Veteran VCs downplay funding drought, bullish on Asia opportunities</title>
<description>Leaders from Granite Asia and Peak XV said this is actually the best time to invest.</description>
<link>https://www.dealstreetasia.com/stories/asia-pe-vc-summit-peak-xv-granite-413361/</link>
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<pubDate>Sun, 29 Sep 2024 22:10:53 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2024/09/Jenny-Lee.jpg" type="image/jpeg"></enclosure>
<category>Asia PE-VC Summit 2024</category>
</item>
<item>
<title>The LP View: Correction in valuations brought discipline, will lead to better returns</title>
<description>"The volatility has brought maturity to entrepreneurs and capital providers."</description>
<link>https://www.dealstreetasia.com/stories/india-asset-allocators-asia-pe-vc-summit-2024-413663/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/india-asset-allocators-asia-pe-vc-summit-2024-413663/</guid>
<pubDate>Sun, 29 Sep 2024 22:10:32 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2024/09/IMG_1271.jpg" type="image/jpeg"></enclosure>
<category>Asia PE-VC Summit 2024</category>
</item>
<item>
<title>The LP View: Correction in valuations brought discipline, will lead to better returns</title>
<description>"The volatility has brought maturity to entrepreneurs and capital providers."</description>
<link>https://www.dealstreetasia.com/stories/india-asset-allocators-asia-pe-vc-summit-2024-413663/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/india-asset-allocators-asia-pe-vc-summit-2024-413663/</guid>
<pubDate>Sun, 29 Sep 2024 22:10:32 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>GPs expect more China-Middle East capital flows but fundraising challenges persist</title>
<description>Fund managers are facing difficulties in translating closer regional ties into actual fundraising.</description>
<link>https://www.dealstreetasia.com/stories/gps-expect-more-capital-flows-413650/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/gps-expect-more-capital-flows-413650/</guid>
<pubDate>Sun, 29 Sep 2024 22:00:10 GMT</pubDate>
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<category>Asia PE-VC Summit 2024</category>
</item>
<item>
<title>SE Asia’s IPOs: Where will the future spark come from?</title>
<description>IPO fundraising halved in SE Asia in Q1-Q3 2024.</description>
<link>https://www.dealstreetasia.com/reports/se-asia-ipos-future-spark</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/reports/se-asia-ipos-future-spark</guid>
<pubDate>Sun, 29 Sep 2024 21:55:27 GMT</pubDate>
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<category>Indonesia</category>
</item>
<item>
<title>Online sellers on Flipkart sue India watchdog over antitrust probe</title>
<description>Antitrust investigations&nbsp;in August alleged Amazon and&nbsp;Flipkart violated local competition laws.</description>
<link>https://www.dealstreetasia.com/stories/sellers-on-flipkart-sue-watchdog-413742/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/sellers-on-flipkart-sue-watchdog-413742/</guid>
<pubDate>Sun, 29 Sep 2024 10:25:28 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Women still constitute less than 20% of SE Asia's VC decision-makers</title>
<description>SE Asia's performance is on par with US, where about 18% of&nbsp;VC decision-makers are female.</description>
<link>https://www.dealstreetasia.com/stories/women-se-asia-venture-2024-413694/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/women-se-asia-venture-2024-413694/</guid>
<pubDate>Sat, 28 Sep 2024 23:15:10 GMT</pubDate>
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<category>Venture Capital</category>
</item>
<item>
<title>Women still constitute less than 20% of SE Asia's VC decision-makers</title>
<description>SE Asia's performance is on par with US, where about 18% of&nbsp;VC decision-makers are female.</description>
<link>https://www.dealstreetasia.com/stories/women-se-asia-venture-2024-413694/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/women-se-asia-venture-2024-413694/</guid>
<pubDate>Sat, 28 Sep 2024 23:15:10 GMT</pubDate>
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<category>Indonesia</category>
</item>
<item>
<title>Editor's take: The week that was — Sept 23-28</title>
<description>This weekly edition features coverage from our Asia PE-VC Summit 2024. </description>
<link>https://www.dealstreetasia.com/stories/editors-take-the-week-that-was-sept-23-28-413726/</link>
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<pubDate>Sat, 28 Sep 2024 22:45:10 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>SG-based climate Investor Sif.vc targets $40m for debut fund</title>
<description>The company secured a licence from the Monetary Authority of Singapore in June 2024.</description>
<link>https://www.dealstreetasia.com/stories/sif-vc-debut-fund-413448/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/sif-vc-debut-fund-413448/</guid>
<pubDate>Fri, 27 Sep 2024 22:12:43 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>Women in SE Asia's VC Ecosystem 2024</title>
<description>Women comprise just 18% of investment decision-makers at Southeast Asia-based venture investors, finds our latest report.</description>
<link>https://www.dealstreetasia.com/reports/women-in-se-asias-vc-ecosystem-2024</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/reports/women-in-se-asias-vc-ecosystem-2024</guid>
<pubDate>Fri, 27 Sep 2024 22:09:30 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>Chinese courier delivery firm BingEx eyes US IPO at $1.2b valuation</title>
<description>The company is looking to raise up to $68m at the top of its targeted range.</description>
<link>https://www.dealstreetasia.com/stories/bingex-us-ipo-413713/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/bingex-us-ipo-413713/</guid>
<pubDate>Fri, 27 Sep 2024 21:52:11 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2017/03/Courier-kiC-621x414%40LiveMint-e1490247829270.jpg" type="image/jpeg"></enclosure>
<category>Greater China</category>
</item>
<item>
<title>Endowus posts higher losses in 2023 despite higher revenue</title>
<description>Employee compensation accounted for the largest portion of the group's expenses.</description>
<link>https://www.dealstreetasia.com/stories/endowus-earnings-fy2023-413290/</link>
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<pubDate>Thu, 26 Sep 2024 22:12:22 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>Vitalbridge Capital invests in VAST and 21 Greater China deals worth over $321m</title>
<description>Fortune Capital and Primavera Capital Group led the startup’s pre-Series A round.</description>
<link>https://www.dealstreetasia.com/stories/vitalbridge-capital-vast-china-deals-413479/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/vitalbridge-capital-vast-china-deals-413479/</guid>
<pubDate>Thu, 26 Sep 2024 22:03:18 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>People Digest: KIC names new CEO; Amundi Singapore appoints senior portfolio manager</title>
<description>KIC's new CEO Il Young Park starts his three-year term on Thursday</description>
<link>https://www.dealstreetasia.com/stories/people-digest-kic-amundi-413537/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/people-digest-kic-amundi-413537/</guid>
<pubDate>Thu, 26 Sep 2024 20:47:15 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2024/09/KIC-new-CEO_Mr.-Il-Young-Park-scaled-e1727349738142.jpg" type="image/jpeg"></enclosure>
<category>Rest of Asia</category>
</item>
<item>
<title>South Korea pension fund to relax FX rules to mitigate market impact</title>
<description>The change will come into effect from October.</description>
<link>https://www.dealstreetasia.com/stories/south-korea-pension-fund-to-relax-fx-rules-to-mitigate-market-impact-413508/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/south-korea-pension-fund-to-relax-fx-rules-to-mitigate-market-impact-413508/</guid>
<pubDate>Thu, 26 Sep 2024 06:03:05 GMT</pubDate>
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<category>Rest of Asia</category>
</item>
<item>
<title>Citi names Tokiya Kishie as head of Japan markets</title>
<description>Kishie&nbsp;joined&nbsp;Citi&nbsp;in 2010 after working at Nomura Securities, Lehman Brothers, and Tokyo Star Bank.</description>
<link>https://www.dealstreetasia.com/stories/citi-japan-413501/</link>
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<pubDate>Thu, 26 Sep 2024 05:49:33 GMT</pubDate>
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<category>Rest of Asia</category>
</item>
<item>
<title>S Korean battery maker SK On to lay off staff amid challenging EV market</title>
<description>SK&nbsp;On has been struggling with a drop in&nbsp;battery&nbsp;shipments&nbsp;amid&nbsp;a global slowdown in&nbsp;EV&nbsp;sales.</description>
<link>https://www.dealstreetasia.com/stories/s-korean-battery-maker-sk-on-to-lay-off-staff-amid-challenging-ev-market-413494/</link>
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<pubDate>Thu, 26 Sep 2024 05:40:14 GMT</pubDate>
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<category>Rest of Asia</category>
</item>
<item>
<title>KKR-led consortium to acquire majority stake in Queensland Airports</title>
<description>The consortium acquired the stake from Macquarie Asset fund, State Super, and Australian Retirement Trust.</description>
<link>https://www.dealstreetasia.com/stories/kkr-queensland-airports-413450/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/kkr-queensland-airports-413450/</guid>
<pubDate>Thu, 26 Sep 2024 03:27:47 GMT</pubDate>
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<category>World</category>
</item>
<item>
<title>Data Vantage: Zepto, Columbia Asia, AIZEN and Maya Innovations in focus</title>
<description>Indian quick commerce unicorn Zepto received capital last week from investors, including General Catalyst.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-zepto-columbia-413411/</link>
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<pubDate>Wed, 25 Sep 2024 23:30:50 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>MBK, Young Poong raise tender offer to $1.7b for Korea Zinc shares</title>
<description>Young Poong is already Korea Zinc's largest shareholder, with a 25.4% stake as of end-June.</description>
<link>https://www.dealstreetasia.com/stories/mbk-young-poong-korea-zinc-2-413427/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/mbk-young-poong-korea-zinc-2-413427/</guid>
<pubDate>Wed, 25 Sep 2024 22:22:01 GMT</pubDate>
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<category>Rest of Asia</category>
</item>
<item>
<title>PH fintech unicorn Maya Innovations trims losses by 25% in 2023</title>
<description>In 2022, the company achieved unicorn&nbsp;status after raising $210m in a fresh funding round.</description>
<link>https://www.dealstreetasia.com/stories/maya-innovations-earnings-2023-412967/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/maya-innovations-earnings-2023-412967/</guid>
<pubDate>Wed, 25 Sep 2024 22:10:37 GMT</pubDate>
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<category>Philippines</category>
</item>
<item>
<title>India: Mt. K Kapital raises about $60m to invest in real estate projects</title>
<description>The fund is backed by marquee investors such as SBI, ICICI Bank, and Famy Care.</description>
<link>https://www.dealstreetasia.com/stories/mt-k-kapital-maiden-fund-413406/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/mt-k-kapital-maiden-fund-413406/</guid>
<pubDate>Wed, 25 Sep 2024 12:09:28 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Silicon Valley's Tribe Capital, Oister Global to launch $500m secondary fund in India</title>
<description>Tribe Capital has been so far investing in India through its three global venture funds.</description>
<link>https://www.dealstreetasia.com/stories/tribe-capital-oister-global-413298/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/tribe-capital-oister-global-413298/</guid>
<pubDate>Wed, 25 Sep 2024 02:52:53 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>Potential for strong returns is driving higher PE allocations to Asia</title>
<description>Asset allocators say they are increasing their commitments to the region.</description>
<link>https://www.dealstreetasia.com/stories/asia-pe-vc-summit-2024-geographies-that-matter-413121/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/asia-pe-vc-summit-2024-geographies-that-matter-413121/</guid>
<pubDate>Tue, 24 Sep 2024 22:10:34 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>[Updated] Macro headwinds drive investors to 'globalised' healthcare assets</title>
<description>LYFE Capital’s going-global investment strategy is reflected in its latest deals.</description>
<link>https://www.dealstreetasia.com/stories/globalised-healthcare-lyfe-capital-413142/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/globalised-healthcare-lyfe-capital-413142/</guid>
<pubDate>Tue, 24 Sep 2024 22:10:04 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>China's securities regulator promotes M&A among listed firms</title>
<description>CSRC encourages industry consolidation towards advanced productivity.</description>
<link>https://www.dealstreetasia.com/stories/china-ma-listed-firms-413234/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/china-ma-listed-firms-413234/</guid>
<pubDate>Tue, 24 Sep 2024 21:15:39 GMT</pubDate>
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<category>Greater China</category>
</item>
<item>
<title>JPMorgan bullish on India and Japan, keen to allocate resources to SE Asia</title>
<description>Southeast Asia is seen to be benefiting from the "China Plus One" strategy</description>
<link>https://www.dealstreetasia.com/stories/jpmorgan-india-japan-413167/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/jpmorgan-india-japan-413167/</guid>
<pubDate>Tue, 24 Sep 2024 07:29:47 GMT</pubDate>
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<category></category>
</item>
<item>
<title>Data Vantage: BillEase, Umami Bioworks, Lhoopa and Pallav Tech in focus</title>
<description>Consumer finance startup BillEase received capital from TPG's The Rise Fund and Burda last week.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-billease-umami-413000/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/data-vantage-billease-umami-413000/</guid>
<pubDate>Mon, 23 Sep 2024 23:30:34 GMT</pubDate>
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<category>Indonesia</category>
</item>
<item>
<title>ESG practices emerge as crucial benchmark for capital investment</title>
<description>ESG is no longer just a tool for risk management but presents a significant opportunity.</description>
<link>https://www.dealstreetasia.com/stories/esg-asia-pe-vc-summit-2024-412827/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/esg-asia-pe-vc-summit-2024-412827/</guid>
<pubDate>Mon, 23 Sep 2024 22:10:02 GMT</pubDate>
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<category>Singapore</category>
</item>
<item>
<title>Livspace's losses halve in FY2024 driven by robust India sales</title>
<description>The Singapore- and India-based company’s revenue surged 14.7%, according to ACRA filings. </description>
<link>https://www.dealstreetasia.com/stories/livspace-earnings-fy-2024-412973/</link>
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<pubDate>Mon, 23 Sep 2024 22:02:09 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>VinFast's Q2 losses widen on impairment charge, higher expenses</title>
<description>Its net&nbsp;loss increased 27% from Q1 and 40% over the same period last year.&nbsp;</description>
<link>https://www.dealstreetasia.com/stories/vinfasts-q2-losses-widen-on-impairment-charge-higher-expenses-412861/</link>
<guid isPermaLink="false">https://www.dealstreetasia.com/stories/vinfasts-q2-losses-widen-on-impairment-charge-higher-expenses-412861/</guid>
<pubDate>Sun, 22 Sep 2024 11:57:50 GMT</pubDate>
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<category>Vietnam</category>
</item>
<item>
<title>PhysicsWallah's valuation soars to $2.8b after raising $210m in fresh round</title>
<description>The round was led by Asia hedge fund Hornbill Capital, with significant participation from Lightspeed.</description>
<link>https://www.dealstreetasia.com/stories/physicswallah-valuation-funding-412687/</link>
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<pubDate>Sun, 22 Sep 2024 04:00:30 GMT</pubDate>
<enclosure url="https://media.dealstreetasia.com/uploads/2024/09/Alakh-Prateek-3-scaled-e1726728011988.jpg" type="image/jpeg"></enclosure>
<category>India</category>
</item>
<item>
<title>Editor’s take: The week that was—Sept 16-21</title>
<description>We successfully concluded our annual Asia PE-VC Summit in Singapore this week.</description>
<link>https://www.dealstreetasia.com/stories/the-week-that-was-39-412779/</link>
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<pubDate>Sat, 21 Sep 2024 23:00:46 GMT</pubDate>
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<category>India</category>
</item>
<item>
<title>EPF, Siam Commercial Bank among winners of Investing in Women LP Award 2024</title>
<description>Philippine conglomerate Ayala emerged as the winner in the corporate investor category.</description>
<link>https://www.dealstreetasia.com/stories/women-lp-award-2024-412753/</link>
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<pubDate>Fri, 20 Sep 2024 02:11:06 GMT</pubDate>
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<item>
<title>Bridgewater's Dalio and Singapore's GIC chief cautious on global outlook</title>
<description>GIC CEO Lim said the SWF has to be more selective in finding investment opportunities. </description>
<link>https://www.dealstreetasia.com/stories/dalio-singapores-gic-global-outlook-412609/</link>
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<pubDate>Wed, 18 Sep 2024 03:24:35 GMT</pubDate>
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<category>Singapore</category>
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<item>
<title>Data Vantage: Tokenize Xchange, Chitose, Jatri and DELOS in focus</title>
<description>Crypto exchange Tokenize Xchange has issued new shares to an SPV backed by HNWIs.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-tokenize-xchange-412436/</link>
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<pubDate>Mon, 16 Sep 2024 21:50:00 GMT</pubDate>
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<category>Indonesia</category>
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<item>
<title>Data Vantage: Optty, GlobalTix, Novotech and TurtleTree in focus</title>
<description>Payments tech firm Optty saw its net loss surge 1.3x in the year ended Feb 29, 2024.</description>
<link>https://www.dealstreetasia.com/stories/data-vantage-optty-globaltix-412010/</link>
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<pubDate>Wed, 11 Sep 2024 23:30:20 GMT</pubDate>
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<category>Indonesia</category>
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<item>
<title>Private Equity in SE Asia: H1 2024 Review</title>
<description>No SE Asia-focused PE fund secured a final close in H1 2024.</description>
<link>https://www.dealstreetasia.com/reports/private-equity-in-se-asia-h1-2024-review</link>
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<pubDate>Wed, 11 Sep 2024 21:44:26 GMT</pubDate>
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<item>
<title>SG edtech Cialfo posts lower losses, slightly higher revenue in 2023</title>
<description>As a standalone company, Cialfo's total loss for the year stood 37% lower at $10.39m.</description>
<link>https://www.dealstreetasia.com/stories/cialfo-earnings-2023-411445/</link>
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<pubDate>Tue, 10 Sep 2024 22:10:46 GMT</pubDate>
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<title>Universities in Greater China emerge as new force in startup incubation</title>
<description>Over 67.9% of the 340 Chinese unicorns are led by founders from a domestic university. </description>
<link>https://www.dealstreetasia.com/stories/lp-view-universities-greater-china-411433/</link>
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<pubDate>Sun, 08 Sep 2024 22:12:42 GMT</pubDate>
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<category>Greater China</category>
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<item>
<title>Vietnamese police investigate local unicorn VNG's operations</title>
<description>The company has appointed vice-president Kelly Wong as acting CEO.</description>
<link>https://www.dealstreetasia.com/stories/police-investigate-vng-411362/</link>
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<pubDate>Fri, 06 Sep 2024 06:23:11 GMT</pubDate>
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<category>Vietnam</category>
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<title>eFishery’s India operations turn EBITDA positive in debut year</title>
<description>eFishery is also tackling issues related to fraud in Indonesia, says newly appointed VP of Governance, Risk &amp; Compliance.</description>
<link>https://www.dealstreetasia.com/stories/efishery-india-ebitda-411174/</link>
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<pubDate>Thu, 05 Sep 2024 07:11:52 GMT</pubDate>
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<category>Indonesia</category>
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<item>
<title>Rapido is India's fourth unicorn of 2024 after raising $200m led by WestBridge</title>
<description>Nexus, Think Investments and Invus Opportunities also participated.&nbsp;</description>
<link>https://www.dealstreetasia.com/stories/rapido-becomes-unicorn-411196/</link>
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<pubDate>Thu, 05 Sep 2024 05:01:22 GMT</pubDate>
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<category>India</category>
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<item>
<title>Thai PE firm 9Basil expands investment horizon to Philippines, Indonesia, Vietnam</title>
<description>It has already invested in Sourcefit, a Filipino BPO provider.</description>
<link>https://www.dealstreetasia.com/stories/9basil-ph-indonesia-vietnam-410914/</link>
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<pubDate>Tue, 03 Sep 2024 22:12:43 GMT</pubDate>
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<title>Mix of local, foreign LPs strengthens investment strategy: BPEA Credit</title>
<description>Having a mix of domestic and global LPs brings diverse perspectives, says Kanchan Jain.</description>
<link>https://www.dealstreetasia.com/stories/bpea-credit-kanchan-jain-interview-409567/</link>
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<pubDate>Mon, 26 Aug 2024 22:12:05 GMT</pubDate>
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<title>India's Cornerstone Ventures eyes first close of second fund at about $40m by Sept</title>
<description>The firm is in talks with several large domestic institutions and its existing HNI family office pool.</description>
<link>https://www.dealstreetasia.com/stories/cornerstone-vc-secodn-fund-409561/</link>
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<pubDate>Sun, 25 Aug 2024 22:02:44 GMT</pubDate>
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<title>Greater China Deal Review: Q2 2024</title>
<description>Capital raised by Greater China startups fell 55% QoQ to just $9b.</description>
<link>https://www.dealstreetasia.com/reports/greater-china-deal-review-q2-2024</link>
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<pubDate>Wed, 21 Aug 2024 21:50:45 GMT</pubDate>
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<description><p>Tribe Capital has been so far investing in India through its three global venture funds.</p>
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<title>Bain-backed Japanese chipmaker Kioxia scraps plans for October IPO: report</title>
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<title>No shortage of private credit deals in APAC, but relationship building is key</title>
<description><p>Private credit accounted for only 3% of total private capital AUM in APAC.</p>
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<title>Neovantage Innovation Parks secures $37m loan from HSBC India</title>
<description><p>The company was set up as a JV between Ivanhoé Cambridge and Lighthouse Canton.</p>
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<title>Muzinich & Co raising up to $1b for infra debt fund with Li Ka-Shing’s Orion3</title>
<description><p>The fund will look at opportunities in Australia, Singapore, Korea, Japan, HK, the UK, and Canada.</p>
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<title>Xendit’s arm XenCapital bags $50m credit facility from Helicap</title>
<description><p>The companies aim to enhance financial access for underbanked businesses across SE Asia.</p>
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<title>SG’s Genesis Alternative Ventures closes second venture debt fund below target</title>
<description><p>Genesis has secured commitments of $125m for Fund II, falling short of its $150m target.</p>
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<title>Keppel sees private credit loan sizes growing in Asia as market evolves</title>
<description><p>Non-traditional lenders like Keppel have a greater risk appetite than traditional lenders.&nbsp;&nbsp;</p>
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<title>Temasek’s SeaTown Holdings raises over $1.3b for second private credit fund</title>
<description><p>With this, SeaTown’s private credit strategy now oversees over $2.5 billion in AUM. </p>
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<link>https://www.dealstreetasia.com/stories/seatown-private-credit-fund-2-410036/</link>
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<category>Private Credit</category>
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<title>Fundraising slows in Asia’s once-hot private debt market</title>
<description><p>Capital raised for private debt funds in APAC dropped to a seven-year low of $5b in 2023.</p>
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<link>https://www.dealstreetasia.com/stories/asia-private-debt-funds-face-test-409884/</link>
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<title>KKR raises $808m so far for latest Asia private credit fund, shows filing</title>
<description><p>KKR closed its debut fund in the franchise at $1.1b in 2022.</p>
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<link>https://www.dealstreetasia.com/stories/kkr-asia-private-credit-fund-ii-409475/</link>
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* create namespace * add section route * add home * better sanitise * puppeteer * networkidle2 & more allowed resources * Revert "networkidle2 & more allowed resources" This reverts commit a974e93. * revert puppeteer * revert full text * author placeholder * home new method * home remove extensive comments * new home * new section & home * more sanitize * simplify description * resolve comments * better OR logic * fix: remove duplicate name ---------
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