China Deal Review: Fundraising back to normalised pace in April after record March
PE/VC investments touched $5.6 billion in April, down by 50.8% compared to March.
Asia-focused Chinese SPAC TenX Keane Acquisition files for $50m US IPO
The SPAC will look for targets with a valuation of $200-600m.
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.
Foodpanda remains committed to Myanmar despite political unrest
Foodpanda launched services in Myanmar in December 2019.
Indian women’s fashion brand High Street Essentials raises $3.5m in fresh funding
The funding round was led by existing investors Elevation Capital, India Quotient, and Dominor Holding.
Singapore Airlines to issue convertible bonds after record $3.2b annual loss
The loss was far bigger than the S$212m annual loss in the prior financial year.
Spacetech startup Agnikul raises $11m Series A funding led by Mayfield India
Existing investors pi Ventures, Speciale Invest, and Artha Venture Fund also invested.
FMO plans $10m investment in Laos-, Cambodia-focused ASEAN Frontier Markets Fund
The fund is sector-agnostic and targets investments in small and medium enterprises.