India’s Meesho raises $300m led by SoftBank Vision Fund 2, valuation trebles to $2.1b
Existing investors Prosus Ventures, Facebook Inc., and Shunwei Capital also participated.
India’s Piramal, CDPQ look to invest $15-20m private credit in Coca-Cola bottler
CDPQ and Piramal had floated a $300 million private credit platform last February.
South Korea’s LG becomes first major brand to wind up smartphone division
The division has logged nearly six years of losses totalling some $4.5b.
Malaysia’s ex-PM Najib starts appeal against 1MDB-linked conviction
Najib faces several trials over allegations that $4.5 billion was stolen from 1MDB, a state fund he co-founded in 2009.
Vietnam’s telcos gear up to launch mobile money services to tap the unbanked
Viettel, VNPT, and MobiFone are some of the players betting big on the sector.
Signum Capital said to hit first close of blockchain-focused fund at $30m
The total corpus of the fund is estimated to be $100 million.
SG’s Vistas Media Capital bets on hyperlocal content plays, eyes two more SPACs
SPACs could be replacing a lot of PE funding, says Vistas Media’s Abhayanand Singh.
PE giant Carlyle Group in the market to raise new Asia fund
In Asia, Carlyle manages five Asia buyout funds worth $15.55 billion and two China funds.