India’s Adani Green to buy SoftBank-backed SB Energy in $3.5b deal
SoftBank owns 80% of SB Energy, while the rest is owned by Bharti Global.
Deals Digest: Gulf Capital, NBK exit Classic Fashion; Australian Food & Fibre buys Auscott
Classic Fashion accounts for a 30% share of Jordan’s apparel exports.
China-focused SPAC Angel Pond raises $250m in downsized US IPO
The blank-cheque firm focuses on tech-enabled sectors in Greater China.
Indonesian fintech firm Kredivo said to be weighing a US listing via SPAC route
However, the current slump in SPAC prices and a frozen private placement market are deterrents.
India Deal Monitor: Venture Catalysts backs Optimized Electrotech and more updates
The startup plans to design new-age surveillance systems for railways, smart cities, and border projects.
Japan’s UTEC secures first close of fifth global deep tech fund at $275m
The fund has roped in an SE Asian sovereign wealth fund, among others, as its LP.
Southeast Asia’s VCs close five funds in Q1, another 55 continue to amass dry powder
The number of funds closed was the highest since the pandemic hit the region at the start of 2020.
Vegan lifestyle app abillion seeks to raise up to $15m in Series A by July
Its existing investors include 500 Startups, Calibre Ventures, 1/0 Capital, and Nan Fung Group.