Peter Thiel’s Valar Ventures in talks to lead an over $70m round in Indonesia’s BukuWarung
The deal will mark Peter Thiel-backed Valar’s first bet in Indonesia.
L Catterton Asia eyes early-stage deals, shifts focus from brick-and-mortar retail
The PE major will also continue to look at beauty, health and wellness sectors.
Amazon, Google partner domestic firms for slice of India’s digital payments business
ICICI Bank and Axis Bank will partner with Amazon, while Reliance will link with Google, Facebook.
[Updated] GLP closes modern logistics-focused China Income Fund II at $900m
The fund has a total investment capacity of $894 million.
Indian agri-focused lender NAFA raises $50m through equity and ECB
The round saw the participation of Phoenix Group and Cogito Capital.
Malaysia’s Top Glove claims to have resolved all indicators of forced labour
Top Glove has said its glove production has been hit because of the US ban.
Ride-hailing firm Lyft sells self-driving tech unit to Toyota for $550m
Lyft will receive $200 million cash upfront, with the remaining $350 million paid over five years.
Alibaba’s e-commerce site Tmall to set up Shanghai centre
Shanghai is home to the headquarters of Pinduoduo, one of Alibaba’s chief e-commerce rivals.