A garbage truck ready to drop its contents at an Indonesian landfill. Reducing such waste is an aim of Bali Investment Club.
DealStreetAsia

Indonesia's Bali Investment Club to launch climate-focused fund

Angel investor network aiming for $25m venture capital vehicle early next year

24 October 2023
A view of Ho Chi Minh City: Sarit Chopra, a partner with Bain Capital's Special Situations business, calls Vietnam "one of the most exciting markets in Southeast Asia." 
DealStreetAsia

Vietnam draws fresh interest from Bain Capital after Masan deal

Enthusiasm comes as country takes No. 2 fundraising spot in Southeast Asia in Q2

23 October 2023
The Mumbai skyline. Economic uncertainties are weighing on startup funding in India.
DealStreetAsia

Investments in Indian startups hit a 13-quarter low

Total of $2.23bn in third quarter came amid a difficult fundraising environment

20 October 2023
East Ventures has so far invested in 30 health care companies from its other funds.
DealStreetAsia

Indonesia-focused East Ventures launches $30m health care fund

Vehicle plans to invest in early-stage local startups across the sector

19 October 2023
The acquisition is expected to allow both DCG and Lamudi to develop a long-term digital ecosystem. (Screenshot from Lamudi's website)
DealStreetAsia

Australia's DCG buys property tech Lamudi from Dubizzle Group

Acquisition includes operations in Indonesia and the Philippines

18 October 2023
Dairy cows in Indonesia. Dairy products have become essential items for Southeast Asian consumers.
DealStreetAsia

Southeast Asia's dairy industry attracts big private equity deals

Demographics, growing middle class and more discretionary spending drive trend

17 October 2023
Malaysian Prime Minister Anwar Ibrahim has big ambitions for his country's startups.
DealStreetAsia

Malaysia seeks to put state-run VCs under sovereign wealth fund

Goal is to make country a top global startup ecosystem, Anwar Ibrahim says

16 October 2023
KarmaClub is one of a number of investor networks that are emerging in Indonesia. (NIKKEI montage/Source photo by AP. Logo from Karma Club's website)
DealStreetAsia

Indonesia's KarmaClub raises $14m in seed funding

Invitation-only investment network founded by former Gojek executives

13 October 2023
Orion Capital Asia provides medium-term secured loans to midmarket businesses that have been underserved by traditional banking channels. (NIKKEI montage/Source photo by Reuters. Logo from Orion Capital Asia's website)
DealStreetAsia

Singapore's Orion Capital Asia raises $205m for latest fund

Company targets direct lending opportunities in Asia-Pacific region

11 October 2023
The Teacher Retirement System (TRS) of Texas is betting on TPG Capital's Asia-focused buyout fund TPG Asia VIII. (NIKKEI montage/Screenshot from the TRS and TPG Capital websites)
DealStreetAsia

U.S. pension fund TRS of Texas commits $125m to TPG Asia vehicle

Portfolio includes Asia-Pacific health care company iNova Pharmaceuticals

10 October 2023
ICICI Venture is in talks to invest in Indian traditional fashion company Libas, which is pushing to expand. (NIKKEI montage/Logos from ICICI Venture and Libas websites)
DealStreetAsia

India's ICICI Venture in talks to invest in fashion company Libas

Traditional clothing brand eyes expansion for South Asian nation's festive season

9 October 2023
Global IME Bank is the largest bank in Nepal, while IFC is a multinational lender and member of the Word Bank Group. (NIKKEI montage/Source photo Getty. Logos from Global IME Bank and IFC websites)
DealStreetAsia

Nepal's Global IME Bank likely to get $56m from IFC

World Bank Group member proposes three-year U.S. dollar-denominated loan

6 October 2023
Founded in 2019, Ula backed by prominent venture capital investors including Lightspeed Venture Partners, Sequoia Capital India and B Capital Group. (Screenshot from Ula's website)
DealStreetAsia

Indonesian startup Ula pauses operations for several months

Business-to-business marketplace confirms fresh layoffs

5 October 2023
Investors Whampoa Group and Saison Capital see promise in the tech sector as global crypto trading volumes improve. (Nikkei montage/Source photos by Whampoa Group and Saison Capital's website)
DealStreetAsia

Singapore-based Whampoa, Saison Capital ramp up Web3 focus

Investors keen to place tech bets as crypto trading shows renewed promise

4 October 2023
Bain Capital has chosen Masan Group for its first deal in Vietnam. (NIKKEI montage/Source photo by Getty. Logos from Masan Group and Bain Capital websites)
DealStreetAsia

Vietnam's Masan Group wins at least $200m from Bain Capital

U.S. investment firm strikes its first deal in Southeast Asian country

3 October 2023
The Guangzhou skyline. Founded in 2011, Yuexiu Industrial Fund specializes in fund-of-funds investments with additional businesses covering direct equity financing and mezzanine financing.
DealStreetAsia

China's Yuexiu Industrial Fund to launch $274m new secondary fund

HongShan backer says vehicle will help speed investment in 'high-quality assets'

2 October 2023
True Light Capital's formation comes at a time of heightened uncertainty around China. (Nikkei montage/Source photo by AP, logo from True Light Capital's website)
DealStreetAsia

Temasek's True Light Capital closes $3.3bn greater China fund

Flagship vehicle eyes sectors including science, technology and consumer

29 September 2023
Automera, launched on Wednesday, is a biotechnology company focusing on development of autophagy-targeting chimera small molecules. (Screenshot from Automera's website)
DealStreetAsia

Singapore biotech startup Automera raises $16m

Series A round co-led by U.S. company and Temasek-backed ClavystBio

28 September 2023
Grab Holdings aims to focus its financial services business on GrabPay, insurance and lending.(Screenshot from Grab Holdings' website) 
DealStreetAsia

Singapore's Grab closes GrabInvest, related investment products

Decision comes as part of efforts to streamline financial services

27 September 2023
As it retrenches in Asia, Delivery Hero is scaling down its joint venture with South Korea's Woowa Brothers in Vietnam. (Screenshot from Delivery Hero's website)
DealStreetAsia

Foodpanda-owner Delivery Hero scales down Asia operations

Fallout hits company's Vietnam joint venture with South Korea's Woowa Brothers

26 September 2023
Versa, a Malaysian digital wealth startup, splits management fees between itself and asset managers. (Screenshot from Versa's website)
DealStreetAsia

Malaysian wealth startup Versa aims for profitability by 2027

CEO banks on annual doubling in gross transaction volume to meet goal

25 September 2023
Kumpulan Wang Persaraan (KWAP) is responsible for the retirement savings of civil servants in Malaysia. (Screenshot from KWAP's website) 
DealStreetAsia

Malaysian pension fund KWAP launches $107m investment vehicle

Purpose is to target startups, venture capital funds over next 18 to 24 months

22 September 2023
Asia Healthcare Holdings focuses on India and South Asia, targeting investments in single-specialty health care businesses.
DealStreetAsia

Asia Healthcare Holdings acquires kidney care hospital chain AINU

India-based platform, backed by TPG and GIC, expands into urology, nephrology

21 September 2023
DBH Finance, established in 1996 and headquartered in Dhaka, mainly provides loans for the purchase and construction of homes.
DealStreetAsia

Bangladesh's DBH pegged for $30m loan from World Bank Group member

International Finance Corporation proposes funds for housing loan institution

20 September 2023
Bababos is a platform that allows small and medium-size manufacturers to access raw materials, from steel and other metal products to polymers and chemicals. (Screenshot from Bababos' website) 
DealStreetAsia

Indonesian raw material startup Bababos secures $3m seed funding

Procurement firm eyes accelerated expansion beyond Greater Jakarta, Surabaya

19 September 2023