MPower Partners led a USD10.2m Series B1 for Rukita, an Indonesia-based move-in-ready apartment rental platform, with participation from Openspace Ventures, Golden Gate Ventures, BNI Ventures, Jeremy Lin and others. Read More
Triple P Capital agreed to raise USD200m for its second fund focusing on the climate sector, specifically climate adaptation and resilience in Southeast Asia. … Read More
Actis exited its 75% stake in SIS Group, an Indonesia-based private school chain operating in Indonesia, India, South Korea and Myanmar, via a sale to Adivira Capital. Read More
ADB Ventures agreed to raise USD200m for its climate fund, focusing on Series A and pre-Series A startups in Asia. Read More
China-based electric vehicle manufacturer Lotus Technology listed on the Nasdaq through a merger with L Catterton’s SPAC, raising ~USD880m at a reported valuation of USD7b. Read More
Lakeshore Capital fully exited NDB Healthcare, a Thailand-based health products manufacturer, via a sale to Suntory Wellness. Read More
Monk’s Hill Ventures, 500 Southeast Asia, Hustle Fund and Teja Ventures exited Doyobi, a Singapore-based education platform for kids 8-12, through a strategic sale to ErudiFi. The sellers will swap their shares for a stake in ErudiFi. Read More
Transparently.AI, a Singapore-based fraud detection platform, raised a USD3m pre-Series A from Franklin Templeton, valuing the company at USD20m. Read More
Strengthening diplomatic relations, economic integration and strategic technology transfers are reshaping the private capital investment landscape between the Middle East and Asia. Investors and portfolio companies in Asia are increasingly turning to the Gulf as a burgeoning source of capital. Meanwhile, Asia provides the Middle East with a larger… Read More
EQT Private Capital Asia (formerly BPEA EQT) fully exited its 26.7% stake in India-based cash management platform CMS Info Systems for INR15.47b (~USD187m). … Read More
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