Editor’s take: The week that was — May 24-29
This week’s stories included a scoop on Indonesian unicorn Bukalapak filing papers for a local IPO.
SE Asia Deal Review: Three megadeals lift startup funding to $3.25b in April, up 317%
Singapore startups accounted for the most number of deals in April.
Tata buys majority stake in Alibaba-backed Indian online grocer BigBasket
Media reports have said the deal is worth about $1.31b.
India: CPP Investments to acquire stake in Phoenix Mills’ mall
CPP Investments will pick up will an equity stake of 49% in Mindstone Mall Developers in tranches.
AirAsia Berhad values remaining 16% stake in India venture at $18.8m
Majority-owner Tata Sons has the option to buy out AirAsia Bhd’s remaining stake.
Samsung Life acquires 25% stake in Savills IM, commits $1b to investment strategies
Samsung Life will have the option to increase its interest in Savills IM by another 10% over the initial term.
SPACs led by executives at China’s Zhencheng, Tiger Brokers file for US IPOs
TradeUP 88 plans to raise up to $88 million while Fortune Rise Acquisition targets to collect $85 million.
India’s Get My Parking raises $6m from IvyCap and IAN Fund
Company has plans to expand in the US, Latin America, and Australia.