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Author: Deal Street Asia Online News
Philippine startup Hive Health closes pre-Series A round backed by Gentree, othersGentree partner Mark Sng will join the startup’s board of directors.
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Indonesian logistics players need to do some heavylifting amid intense price war
Indonesia’s last-mile delivery sector is facing testing times and struggling to stay afloat amid a decline in online shopping habits post-pandemic and a heightened price war that has made it difficult for smaller players to compete, according to industry insiders. Go to Source
Singapore’s GIC posts weakest investment gains in four years
Singapore’s sovereign wealth fund GIC posted an annualised real rate of return of 3.9% for the 20-year period ended March 31, 2024, compared with 4.6% in the previous year, according to its annual report released on Wednesday. The growth, its main performance indicator, was slowest since its 2.7% investment return in 2020. For the 20-year period from… Continue reading Singapore’s GIC posts weakest investment gains in four years
Pro-rata investing still in its infancy in India: Elev8 Venture Partners
Elev8 Venture Partners, which launched India’s first pro-rata fund, believes that pro-rata investing is still in the very early stages of adoption in the country, as the market has just begun to evolve and large funding rounds are gradually gaining traction. “It’s still early days for the Indian market. A couple of years ago, there… Continue reading Pro-rata investing still in its infancy in India: Elev8 Venture Partners
Ant-backed ANEXT Bank remains in red even as revenue up nearly 7x in 2023
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SkyLake to acquire Korean firm BusinessOn in country’s first PE-led SaaS buyoutThe deal values BusinessOn at $258 million.
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Saudi PIF appoints Fahd AlSaif as new head of investment strategy
Saudi Arabia’s sovereign wealth fund which manages around $925 billion has appointed a new head of its investment strategy and economic insights division, Fahd AlSaif, the organisation said on Tuesday. The fund, the main vehicle for Crown Prince Mohammed bin Salman’s plans to wean the economy off its oil dependency, has poured hundreds of billions of dollars into projects including NEOM, a massive urban and industrial development… Continue reading Saudi PIF appoints Fahd AlSaif as new head of investment strategy
China electric truck startup Windrose to raise $200m ahead of US IPO
Chinese electric truck startup Windrose is aiming to raise $200 million in its final round of funding in equity investments and debt before it seeks an initial public offering in the United States, a person with direct knowledge of the matter said. The fundraising target, which would help Windrose build overseas assembly plants to serve its clients in Europe and the United States, was doubled in size from… Continue reading China electric truck startup Windrose to raise $200m ahead of US IPO
India Digest: QIA moves court against Byju’s; Glance said to be raising $250m roundGlance is also backed by Peter Thiel’s Mithril Capital and Alphabet…
Byju’s investor Qatar Investment Authority has reportedly approached the Karnataka High Court to block its founder from selling, pledging, or transferring his assets. Separately, Glance is in advanced talks to raise funding round. QIA asks court to block Byju’s personal assets Byju’s backer, the Qatar Investment Authority (QIA), has approached the Karnataka High Court to… Continue reading India Digest: QIA moves court against Byju’s; Glance said to be raising $250m roundGlance is also backed by Peter Thiel’s Mithril Capital and Alphabet…