TPG Capital and KKR were slated to make one of the biggest private equity (PE) exits in Southeast Asia after Singapore-based real estate platform PropertyGuru’s much-hyped listing on the NYSE. But it might not be going according to plan. With PropertyGuru’s market cap tumbling to $870 million from $1.61 billion on listing in March this… Continue reading PE investors see delayed exit as PropertyGuru struggles on the bourse
Author: Deal Street Asia Online News
Monetisation remains big challenge for Indonesia’s warung tech startups
Rising inflation and fuel prices are weighing down heavily on Indonesia’s warung tech startups, companies that empower micro retailers and small kiosks, as they struggle to offset the pressures of unfavourable macroeconomic conditions. A number of companies in the warung tech space, seen as a favourite sector for venture capital investors, have undertaken major layoff… Continue reading Monetisation remains big challenge for Indonesia’s warung tech startups
Geely electric car brand Zeekr a seeks over $1b in US IPO
Zeekr, one of Chinese automaker Geely’s upmarket electric car brands, has confidentially filed for a U.S. initial public offering, aiming to raise more than $1 billion, three sources with direct knowledge of the matter told Reuters. In what would be the first major Chinese float in the United States in more than a year and… Continue reading Geely electric car brand Zeekr a seeks over $1b in US IPO
Indonesia’s Shipper cuts 8% staff citing uncertain economic conditionShipper joins a string of Indonesian and SE Asian startups that have cut down sta…
Indonesian warehouse and logistics player Shipper has laid off 65 employees or 8% of its workforce in anticipation of uncertain macroeconomic conditions in 2023, the company said in a statement on Monday. Shipper co-founder and CEO Phil Opamuratawongse called the decision “extremely difficult” but “necessary” to help the company become more agile and accelerate sustainable… Continue reading Indonesia’s Shipper cuts 8% staff citing uncertain economic conditionShipper joins a string of Indonesian and SE Asian startups that have cut down sta…
ID Digest: Tolaram subscribes to Bank Amar’s rights issue; UBS upgrades GoTo stock
Singapore’s Tolaram Group and members of the top management of Bank Amar have subscribed to the IDX-listed digital lender’s rights issue. Meanwhile, UBS has upgraded its view on GoTo’s shares from sell to buy with a target price of 160 rupiah apiece. Tolaram subscribes to Bank Amar’s rights issue Bank Amar’s majority shareholder Tolaram Group and… Continue reading ID Digest: Tolaram subscribes to Bank Amar’s rights issue; UBS upgrades GoTo stock
Asia Digest: BPEA EQT exits $1b deal with PI Advanced Materials; Bespin Global bags $60m from e& EnterpriseBPEA scrapped the deal due to concerns abou…
Asian private equity firm BPEA EQT has dropped its $1-billion acquisition of South Korean plastic film producer PI Advanced Materials, while South Korean cloud management firm Bespin Global has secured $60 million from the UAE-based IT services firm e& Enterprise. BPEA EQT could face a lawsuit BPEA EQT, formerly known as Baring Private Equity Asia,… Continue reading Asia Digest: BPEA EQT exits $1b deal with PI Advanced Materials; Bespin Global bags $60m from e& EnterpriseBPEA scrapped the deal due to concerns abou…
India Digest: FAAD gets Sebi’s nod for $36m AIF; Java launches $9m fund
Early-stage investor network FAAD announced that it has received market regulator Sebi’s approval to launch a category-1 alternative investment fund (AIF) with a corpus of $36 million (Rs300 crore). Separately, Java Capital has launched its first fund with a corpus of $9 million. FAAD gets Sebi’s nod for $36m fund Early-stage investor network FAAD announced… Continue reading India Digest: FAAD gets Sebi’s nod for $36m AIF; Java launches $9m fund
Tata Group said to be opening 100 exclusive Apple stores in India
Indian conglomerate Tata Group-owned Infiniti Retail, which runs the ‘Croma’ chain of stores, plans to open 100 stores across the country that will only sell Apple Inc products, the Economic Times newspaper reported on Monday, citing two people aware of the matter. Reuters Go to Source
Grab your spot for $499 to attend 10+ sessions featuring 30+ speakers
The Indonesia PE-VC Summit 2023 is exactly a month away. We are excited to bring you a comprehensive conference experience that blends thought leadership and engaged networking opportunities. Our speakers represent the most influential and diverse mix of ecosystem stakeholders that include government policy-makers, unicorn founders, venture capital and private equity leaders and startups from… Continue reading Grab your spot for $499 to attend 10+ sessions featuring 30+ speakers
Dutch development bank FMO mulls $25m investment in SATYA MicroCapital
Dutch development bank FMO has proposed to invest $25 million in Delhi-based micro-finance company SATYA MicroCapital Limited. Of the proposed investment in SATYA, while $20 million will be used for growth of the loan book towards female and young entrepreneurs and women-owned microenterprises, the remainder $5 million will be earmarked for Water Sanitation and Hygiene… Continue reading Dutch development bank FMO mulls $25m investment in SATYA MicroCapital