Singapore PE Novo Tellus invests $40m in Indian engineering firm Tessolve
The investment values Tessolve at $100 million.
Actis said to have divested majority stake in Singapore’s PS Gourmet
PS Gourmet came under the portfolio of Actis following the latter’s acquisition of Abraaj’s fund in 2019.
Indonesia’s MDI Ventures backs Waresix, Paxel in hushed logistics bets
The deals mark MDI’s first investments in pure-play logistics firms.
Ant Group agrees to buy 5% stake in Brazil loyalty program Dotz
Besides a loyalty program, Dotz is a marketplace and a financial startup.
Indian lender DCB Bank acquires 9% stake in NBFC Techfino Capital
Techfino provides customised consumer loans in education and healthcare sectors.
Southeast Asia trails Asia in IPOs amid SPAC boom in the US
IPO proceeds from Singapore hit $223 million in the first quarter.
SG’s Altara Ventures backs $12.6m funding in enterprise SaaS startup FreeAgent
The funding round was led by early-stage VC Pelion Venture Partners.
SG’s e-ticketing platform GlobalTix raises $2.3m and other SE Asia deals
DealStreetAsia has put together a table listing out prominent VC transactions in SE Asia this week.