SIG leads $70m Series C round for Chinese auto marketplace YIAUTO
Existing backers BlueRun Ventures, Sky9 Capital, GGV and K2 Venture re-upped in the new round.
Indonesia’s Populix raises $1.2m in Intudo Ventures-led round and other SE Asia deals
DealStreetAsia has put together a table listing out prominent VC transactions in SE Asia this week.
New COVID wave may delay Indian govt’s divestment schedule for FY22
Privatisation of Bharat Petroleum Corporation and Air India was earlier slated to be completed in the first half of FY22.
Malaysia’s Ekuinas bullish on deal uptick, to realise investments in second fund
It is looking to tap thematic investment opportunities in the fast-growing digital sectors.
India: IFC proposes $15m investment in Prime Venture’s latest VC fund
The Indian VC seeks to raise $100 million for Seabright IV.
Major Chinese investors in talks to acquire stake in Saudi Aramco
A stake of 1% would equate to around $19 billion based on Aramco’s current market capitalisation.
VC firm Kinesys spots big promise in Indonesia’s lifestyle, entertainment sectors
Kinesys currently has five investments in areas of lifestyle and entertainment.
First peek at Indian unicorn Zomato’s key financial ratios ahead of its IPO
Zomato’s contribution margin has turned positive since the first quarter of FY21.