Indian apps reach 97% of once-dominant TikTok user levels
Currently, daily active users spend close to 30 minutes on an average on the short-video apps.
China’s genome editing startup EdiGene nets $62m in Series B+ round
Six months ago, EdiGene raised its Series B round led by 3H Health Investment.
Malaysia issues $800m US dollar sustainability sukuk
Proceeds from the sukuk will be used for eligible social and green projects in the country.
March rebound shores up Greater China PE-VC dealmaking in Q1, as startups raise $24b
The IPO market soared 143% on-year, as 151 companies raised $32.6b across eight exchanges.
Singapore PE Novo Tellus invests $40m in Indian engineering firm Tessolve
The investment values Tessolve at $100 million.
Actis said to have divested majority stake in Singapore’s PS Gourmet
PS Gourmet came under the portfolio of Actis following the latter’s acquisition of Abraaj’s fund in 2019.
Indonesia’s MDI Ventures backs Waresix, Paxel in hushed logistics bets
The deals mark MDI’s first investments in pure-play logistics firms.
Indian PE firm True North earmarks $200-250m for new-age consumer startups
Within the consumer sector, the firm is bullish on gourmet food, personal care, and sports equipment.