Carlyle manages five Asia-focused buyout funds, totaling $15.55 billion, and two for China.
DealStreetAsia

Private equity giant Carlyle closes latest Asia fund at $950m

Backers include School Employees Retirement System of Ohio, which committed $75m

26 April 2023
Cosmose AI provides artificial intelligence-driven analytics and helps retailers connect with offline consumers via online ads. (Source photo by Reuters and logo from Cosmose AI website)
DealStreetAsia

Singapore's Cosmose AI raises funds; valuation jumps to $500m

Offline shopping analytics company's customers include LVMH and Estee Lauder

25 April 2023
Singapore's Oyika has ambitions to become Southeast Asia's leading EV service provider. (Source photo by Reuters with logos from Oyika and Banpu Next websites)
DealStreetAsia

Singapore EV battery startup Oyika secures $8.75m in funding

Thai smart energy company Banpu Next invests amount as part of Series B round

24 April 2023
Indian venture capital firms are pinning their fundraising hopes on investors in the Middle East and Southeast Asia. (Source photos by AP and Kosaku Mimura) 
Market Spotlight

Indian venture capitalists chase Asian cash as U.S. money dries up

Finding American backers for a new fund is 'like getting admission at Harvard'

24 April 2023
The Jakarta central business district skyline is seen at dusk. Singapore and Indonesia accounted for over 80% of Southeast Asia's deal value in 2022.
DealStreetAsia

Southeast Asia's private equity deal value halved in 2022: Bain

Singapore and Indonesia account for largest share of investment capital

21 April 2023
Singapore-based Grab is the leader in food delivery in Southeast Asia where it operates in 500 cities. (Source photos by AP and Reuters)
Technology

Southeast Asia taxi, food delivery companies eye tourism windfall

Foodpanda partners with Tada, while Grab expands ties with Asian superapps

21 April 2023
A fish pond equipped with eFishery food dispensers in West Java, Indonesia. The startup wants to increase export contributions to its revenue. (Source photo by Getty Images, logos from eFishery official Twitter account and 42XFund website)
DealStreetAsia

Indonesia's eFishery in talks to raise about $100m

Fresh round led by UAE's G42 Global Expansion Fund

20 April 2023
Cortical plans to use the funding to accelerate commercialization of its operating system and fulfill preorders. (Source photos by Reuters and screenshot from Cortical Labs and Horizons Ventures)
DealStreetAsia

Australia and Singapore AI startup Cortical Labs raises $10m

Funding round led by Hong Kong billionaire Li Ka-shing's Horizons Ventures

19 April 2023
Indian startups raised about $26 billion last year, down from $38 billion in 2021, according to management consultancy Bain & Co.
Startups

Indian venture capital industry hits 'brutal' patch

Iron Pillar chief says fundraising taking longer amid global economic slump

18 April 2023
SilkRoad Property Partners sees opportunity in Japanese real estate. (Source photos by AP and logo from Silkroad property partner website)
DealStreetAsia

SilkRoad Property enters Japan with $145m in acquisitions

Singapore real estate investor's purchases include central Tokyo office building

18 April 2023
No people and no pastries are to be seen at this once hot Shanghai location of Tiger Attitude, which had raised money from big venture capital firms. (Photo by Noriyuki Doi)
Startups

China's once-sizzling startup boom loses its stride

State funds fill the vacuum as venture capital takes a step back

18 April 2023
Jatri was founded in 2019 to make public transportation more comfortable in Bangladesh, one of the most densely populated countries. (Source photos by Reuters and screenshot from Jatri website)
DealStreetAsia

Bangladesh transport startup Jatri obtains Series A funding

SBK Tech, ALSA, Genting Ventures, DVC and Doha Tech Angels participate

17 April 2023
Allride.ai's cars have a notable lack of equipment on their exterior because much of the technology needed to guide them is on roads instead. (Photo by Noriyuki Doi)
China tech

China self-driving startup seeks to cut vehicle costs with road sensors

Allride.ai hopes to overcome barriers to widespread use of Level 4 automation

17 April 2023
Japanese startup New Innovations' earlier products include an AI-enabled coffee machine. (Photo courtesy of New Innovations)
Startups

Japanese startup to roll out cooking robots for restaurants this year

New Innovations raises $20m from investors for mass production

15 April 2023
Colossal Biosciences CEO Ben Lamm, left, with co-founder George Church. (Photo courtesy of Colossal Biosciences)
Science

A real Jurassic Park? U.S. firm seeks 'to bring back' woolly mammoth

Colossal Biosciences CEO Ben Lamm expects calves by 2028

14 April 2023
Philippine startup Pickup Coffee began as a delivery-only brand serving locations around Metro Manila. (Screenshot from Pickup Coffee's website) 
DealStreetAsia

Philippine startup Pickup Coffee gets $40m in new funds

Go-Ventures, backed by Indonesia's GoTo, leads Series A1 investment round

14 April 2023
A MUFG subsidiary is establishing a 30 billion yen startup investment fund and 20 billion yen fund specializing in drug-discovery-related investments.
Finance

MUFG subsidiary to set up startup investment funds worth $375m

Mitsubishi UFJ Capital's assets under management would increase 50%

14 April 2023
Indonesian edtech company Cakap is developing "blended" learning -- a mix of online and offline classes. (Source photos by Reuters and screenshot from Cakap website) 
DealStreetAsia

Indonesia edtech Cakap gets new funding; valuation exceeds $100m

Undisclosed amount from MDI Ventures, Heritas Capital to aid 'blended' learning

13 April 2023
Taizo Son, younger brother of SoftBank Group Chairman and CEO Masayoshi Son, is planning for some collaboration between SoftBank Ventures Asia and his investment company Mistletoe. (Source photos by screenshot from Mistletoe and Getty Images) 
Startups

SoftBank to sell VC firm to company led by Masayoshi Son's brother

Taizo Son's The Edgeof says it aims to complete acquisition this year

12 April 2023
Bangkok-based private equity firm Lombard Asia is targeting investments in Thailand, Cambodia, Laos, Myanmar and Vietnam. (Source photos from Reuters and screenshot from Lombard Asia website)
DealStreetAsia

Thai PE firm Lombard Asia closes fifth fund

Vehicle targets Thailand, Cambodia, Laos, Myanmar and Vietnam

12 April 2023
Legit Group runs a full cloud kitchen business model with no offline presence. (Screenshot from Legit Group's website) 
DealStreetAsia

Indonesian cloud kitchen startup Legit Group raises $13.7m

MDI Ventures leads Series A round in growing online food delivery market

11 April 2023
Baidu CEO and co-founder Robin Li speaks at Ernie Bot's debut on March 16.
Caixin

China internet giants, startups rush to jump on ChatGPT bandwagon

U.S. export controls on advanced chips overshadowing Chinese firms in AI race

11 April 2023
A university job fair in Tokyo: The vast majority of fresh graduates from Japan's top colleges still dream about working for one of the country's major companies. (Photo by Mayumi Tsumita) 
Opinion

Now is the time for Japan to make a play for startups

Country could be appealing base for entrepreneurs from China and elsewhere

11 April 2023
Amicus Capital is aiming to accelerate investments in areas including financial services and consumer, health care, technology and business services. (Screenshot from Amicus Capital's website)
DealStreetAsia

India's Amicus Capital hits first close of fund at $75m to $100m

Private equity firm aims to reach $200m in second investment vehicle

10 April 2023
Singapore's central business district. The city-state's new work visa scheme is expected to affect many multinationals.
Work

Singapore favors AI, alternative food talent in new visa scheme

Analysts say upcoming point-based criteria makes companies rethink hiring

10 April 2023