After backing over 100 startups, Indonesia’s Prasetia Dwidharma weighs its own venture fund
The new fund would look to support either seed or pre-Series A companies.
Jungle Ventures said to be in the market to raise $400m fourth fund
The VC had closed its previous fund at $240 million in late-2019.
Indonesia’s Alpha JWC raising $250m third fund, likely to rope in IFC as LP
IFC has proposed to invest up to $20 million in Alpha JWC’s third fund.
Chinese fitness tech startup FITURE closes $300m in its biggest funding round
The Series B round was co-led by All-Stars Investment, Legend Capital, DST Global, and Coatue.
IFC mulls $16.5m investment in Sequoia-backed Indian genetic firm MedGenome
MedGenome is raising $31 million to expand its diagnostic business in India and emerging markets.
Citigroup to exit consumer businesses in 13 Asian, EMEA markets
The consumer bank will still operate “wealth centres” in Singapore, Hong Kong, London and the UAE.
Self-driving truck maker TuSimple valued at $8.5b in Nasdaq debut
The company is backed by Volkswagen’s commercial trucking unit TRATON SE and United Parcel Service.
SoftBank likely to invest $450m in Indian food-tech unicorn Swiggy
Deal will mark the Masayoshi Son-led firm’s first direct investment in India’s foodtech sector.