Indian edtech unicorn Byju’s raises $460m funding led by MC Global Edtech Investment
MC Global Edtech Investment Holdings alone invested $224m in the round.
India: Nazara Technologies makes strong market debut, lists at 81% premium
The IPO of the mobile gaming company got a good response, with the Rs583-crore offer being subscribed 175.46 times
SEA Digest: Ripple buys 40% of Malaysia’s Tranglo, SG’s RioDeFi launches incubation hub
Ripple is backed by Thai venture capital firm Digital Ventures.
Wise Road buys South Korea’s Magnachip Semiconductor for $1.4b in take-private deal
The transaction is expected to close during the second half of 2021.
Founder of Singapore oil trading firm Hin Leong faces another 23 forgery charges
PwC said in a report last year that the company had overstated its assets by $3b.
US Customs says it has found forced labour at Malaysia’s Top Glove, to seize goods
Move to have limited impact on US glove imports.
Indonesian social commerce sees casualties as startups, VCs rush to fill gap left by e-commerce
While Indonesia has the potential to create a Meesho or Pinduoduo, there are challenges.
Aavishkaar Capital invests $7m in Indonesia’s Sei Balai Green Energy
The company has raised $30 million in debt and equity for its cassava processing facility.