Analysis
Founders of portfolio firms that fail to list on time are reneging on compensation deals.
Partner content
Deals
VPCA's member firms include Do Ventures, AVV, and GGV, among several others.
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OpenAI launches new series of AI models with 'reasoning' abilities
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Blackstone mulls selling stake in visa firm VFS Global
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US auto safety regulator opens probe into some VinFast EVs
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China's Ant Group refinancing $6.5b credit line
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SUSI Partners buys 39 MW wind farm in Vietnam from Norway's Scatec
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World
A potential transaction could value VFS at about $7 billion
Vietnam
This acquisition has been routed through SUSI Asia Energy Transition Fund (SAETF).
Malaysia
Creador acquired the stake from Adilmart's Bursa Malaysia-listed parent CCK.
The Vietnamese PE firm had earlier targeted to raise $150 million for the fund.
Singapore
There were no final closes in H1 2024.
Banking Circle generates annually around $400 million of revenue.
CKE said the investment will help with its growth plan and strengthen its internal processes.
India
Centricity has attained a valuation of $125 million with the latest investment.
Rest of Asia
Recently, Paymob's direct competitor Ziina raised $22m in a Series A round led by Altos Ventures.
Greater China
JHM Biopharma's round was led by SDIC Unity Capital.
InMobi will use the funds to advance its AI development and deployment efforts
The round was led by Accion, Nuveen, Fundamentum, and existing investor Maj Invest.
No SE Asia-focused PE fund secured a final close in H1 2024.
Capital raised by Greater China startups fell 55% QoQ to just $9b.
Southeast Asian VC firms recorded a decline in both the number of fund closes and the total capital raised in the first half of 2024.
This report examines the evolution of the key digital payment platforms in Indonesia and their bid to achieve profitability.
Indonesia
Payments tech firm Optty saw its net loss surge 1.3x in the year ended Feb 29, 2024.
Indonesian startup NutriMotion has secured seed funding from Argor Capital.
Indonesian-based TransTRACK has witnessed a flurry of secondary transactions recently.
Wealthtech platform Syfe has received capital from Jai Ashok Mahtani, Sudeep Ramesh Namnani and Valar Ventures.
The models are capable of reasoning through complex tasks.
The Tokyo-based startup aims to follow the success of U.S.-based Intuitive Machines.
As a standalone company, Cialfo's total loss for the year stood 37% lower at $10.39m.
The company's revenue soared 46% YoY to $54.7m.
The firm posted a net loss of S$16m in Q2 2024, up 2.7X YoY.
Surging operating expenses offset the higher revenues.
The company expected core operating profit from continuing operations to fall 23%.
Goldman Sachs has appointed Raghav Maliah, Yoshihiko Yano and Ed Wittig.
Poddar joins Carlyle from Bajaj Electricals, where he served as the CEO.
Temasek Foundation has announced the appointment of Jennie Chua as its new chairman.
Philippines
![[Updated] The curious case of MoneyHero's bid for MoneySmart](jpg/deal-no-dealf769.jpg)
