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DealStreetAsia Backed by Japan's Nikkei Group, DealStreetAsia is the region’s leading publisher of news on investments, M&A, PE, VC, IPOs and startups.
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Subhadeep Sanyal has stepped down as a partner at Mumbai-based impact investor Omnivore to helm the India operations at ...
23/07/2025

Subhadeep Sanyal has stepped down as a partner at Mumbai-based impact investor Omnivore to helm the India operations at a regional climate-focused venture builder, reports Paramita Chatterjee. “Subhadeep, who is deeply passionate about pre-seed investing, is joining a regional venture builder, focused on the climate space, to lead their India presence,” Mark Kahn, managing partner at Omnivore, told DealStreetAsia while confirming Sanyal’s exit.

https://buff.ly/P3YyfbM

Omnivore closed its third fund at a little over $200 million from LPs such as BII, among others.

Indonesian e-commerce enabler SIRCLO has raised a total of $38.3 million in two tranches this month, according to recent...
23/07/2025

Indonesian e-commerce enabler SIRCLO has raised a total of $38.3 million in two tranches this month, according to recent regulatory filings reviewed by DealStreetAsia. In the first tranche—first reported by DealStreetAsia on July 10—SIRCLO received $10.5 million from Vertex Ventures SEA & India; Sinarmas’s investment arm SMDV; and Sun Tzu Tech, an entity affiliated with East Ventures, reports Marsya Nabila.

https://buff.ly/jTgm4c8

In Feb 2023, DealStreetAsia had reported that SIRCLO had finalised a Series C round.

BINAR, an Indonesian digital transformation and edtech startup, has acquired the technology and core R&D talent behind Q...
22/07/2025

BINAR, an Indonesian digital transformation and edtech startup, has acquired the technology and core R&D talent behind QUTKE, a no-code AI agent builder developed in China, reports Marsya Nabila. The acquisition, whose value remains undisclosed, paves the way for BINAR to launch a new platform, SINCRO, an AI-native ex*****on infrastructure designed to automate internal business workflows at scale.

https://buff.ly/poCjANy

The company has launched no-code agent builder SINCRO.

Dutch development bank FMO has proposed to invest another $50 million in Indian non-banking financial company (NBFC) SK ...
22/07/2025

Dutch development bank FMO has proposed to invest another $50 million in Indian non-banking financial company (NBFC) SK Finance, formerly Esskay Fincorp, according to a disclosure. The proposal comes about two years after FMO made a similar commitment to the firm, which provides financing backed by assets in the vehicle and lending segments for MSMEs, reports Mars W. Mosqueda Jr.

https://buff.ly/QWLLcTB

The Dutch lender had made a similar commitment to the firm two years ago.

Paris-headquartered Cathay Innovation, which manages approximately $3 billion in assets globally, looks at how collabora...
22/07/2025

Paris-headquartered Cathay Innovation, which manages approximately $3 billion in assets globally, looks at how collaborative AI businesses can be, instead of following the regular revenue metrics. “It’s a bit too soon to invest only in the metrics of revenue and valuation as these are changing very fast,” Denis Barrier, co-founder and CEO of Cathay Innovation, told Nguyen Thi B**h Ngoc in a recent interaction.

https://buff.ly/xm583DD

Barrier sees collaboration in AI investments as the new currency in today’s world.

Private equity giants Warburg Pincus and EQT are evaluating a potential investment in India’s Nash Industries as the pre...
22/07/2025

Private equity giants Warburg Pincus and EQT are evaluating a potential investment in India’s Nash Industries as the precision-engineered components maker looks to raise its first equity funding, reports Vibhuti Sharma. If successful, the deal will mark a rare growth-stage bet in India’s high-precision manufacturing space by global funds.

https://buff.ly/UQmcMTs

The company is reportedly targeting about $200 million in a partial stake sale.

Fundraising by Greater China startups jumped 13% in Q2 over the previous quarter, fuelled by Tencent Music’s $2.4-billio...
22/07/2025

Fundraising by Greater China startups jumped 13% in Q2 over the previous quarter, fuelled by Tencent Music’s $2.4-billion acquisition of online audio platform Ximalaya. Startups headquartered in mainland China, Hong Kong, Taiwan, and Macau completed 570 deals worth a total of $10.8 billion in the April-June period. On a year-on-year basis, the deal value surged 19.4% with an 8.6% uptick in deal count, reveals DealStreetAsia-DATA VANTAGE’s latest report, Greater China Deal Review: Q2 2025, authored by Eudora Wang and Stephanie Li.

https://buff.ly/Pnp7kTH

On a year-on-year basis, deal value increased 19.4%, while deal count rose 8.6%.

Financially beleaguered Indonesian B2B platform GudangAda has acquired shares from five of its biggest institutional inv...
22/07/2025

Financially beleaguered Indonesian B2B platform GudangAda has acquired shares from five of its biggest institutional investors, paving the way for their complete exit. Data gleaned from the company’s regulatory filings and conversations with informed sources reveal that GudangAda acquired over 14 million preference shares held by Wavemaker Partners, Asia Partners, Alpha Wave Global, Pavilion Capital, and Peak XV through negotiated clawbacks and secondary share sales. Most of the exiting investors are believed to have taken a significant haircut on their original investment, reflecting the broader deterioration in valuations across the B2B commerce space in Indonesia and Southeast Asia, Aastha Maheshwari and Corry Anestia report.

https://buff.ly/4jydqNs

The B2B commerce platform's cap table is now dominated by the founder-family and Alpha JWC.

Farizon, the new energy commercial vehicle unit of Chinese automaker Geely, said on Sunday that its methanol-hydrogen el...
21/07/2025

Farizon, the new energy commercial vehicle unit of Chinese automaker Geely, said on Sunday that its methanol-hydrogen electric vehicle unit has secured $200 million in its latest funding round. Chunqing Technology, a wholly owned subsidiary of Farizon, is engaged in the research, development, and manufacturing of next-generation methanol-hydrogen electric vehicles (MHEVs). It has completed its third funding round led by state-owned Hangzhou Hi-Tech Financial Investment Group.

Chunqing plans to use the capital to further develop the MHEVs ecosystem and technologies.

Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers, has commi...
21/07/2025

Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers, has committed up to A$800 million (about $521 million) to the flagship industrial vehicle of Australian property developer and investment firm Aliro Group. The commitment to Aliro Group Industrial Vehicle expands PSP Investments’ exposure to Australia’s industrial real estate market.

https://buff.ly/jQ6EHO6

It joins CBRE's Indirect Private Real Estate Strategy as a cornerstone investor in the open-ended vehicle.

Angkas, a motorcycle taxi app in the Philippines backed by Malaysian private equity firm Creador, has recorded a 31% inc...
21/07/2025

Angkas, a motorcycle taxi app in the Philippines backed by Malaysian private equity firm Creador, has recorded a 31% increase in losses in 2024 on the back of a decline in its full-year revenue, regulatory filings show. In the Philippines, Angkas competes with Move It, which was acquired by Grab in 2022, and JoyRide, another local platform.

https://buff.ly/ywiwoEb

In 2021, Malaysian buyout firm Creador made a strategic investment in Angkas.

Arpwood Partners, a private equity (PE) firm founded by renowned Indian investment banker Rajeev Gupta and ex-TPG fund m...
21/07/2025

Arpwood Partners, a private equity (PE) firm founded by renowned Indian investment banker Rajeev Gupta and ex-TPG fund manager Amol Jain, is in talks to invest in a Bengaluru-headquartered radiology service provider.

https://buff.ly/2faSJuI

Founder and CEO Dr Arjun Kalyanpur is looking to divest his stake.

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About DealStreetAsia

DealStreetAsia was founded in May 2014 in Singapore and came to life through its main news and intelligence portal www.dealstreetasia.com in October 2014.

With a direct presence in Singapore, Indonesia, Greater China, Philippines, Myanmar, Thailand, Vietnam, Malaysia and India, we are continuously consolidating our database and investment insights to develop a powerful intelligence source for investors who want to capitalize on opportunities in Asian markets.

We believe Asia’s jewels, some of the fastest growing countries in the world, deserve more than a mention in international and regional media. A demographically vibrant region, often split by the language of media, has a lot to say and offer to the economic golden age that Asia is all set to make a mark in. DealStreetAsia aims to play a catalyst’s role in this transformation by bringing out the stories and bridging the gap between enterprises and investors through the power of information.