UBS AG, Genting Group join Indonesian unicorn Bukalapak’s latest cap table
The latest funding takes the total corpus raised by Bukalapak to over $400 million.
Fundraising by Indian startups hits five-quarter peak in Q1
Q1 saw blockbuster deals being announced and new unicorns being christened at an unrivalled pace.
Taiwan’s Cathay Life Insurance commits $240m to four US buyout funds
The biggest commitment of $80 million will go to Insight Partners XII.
Hillhouse Capital, China’s Tuya set up $400m fund to invest in global IoT sector
The IoT industry fund was created in search for “quality startups with high commercial potential”.
Indian hotel startup Oyo’s Japan unit sells long-suffering residential biz
Oyo has struggled with the unit’s lackluster performance since its launch two years ago.
GIC, Stone Point to acquire US retirement services firm Ascensus
The partners will acquire Ascensus from a PE consortium led by Genstar Capital, Aquiline Capital Partners, and Atlas Merchant Capital.
CapitaLand investing $564m for first hyperscale data centre in China
CapitaLand will acquire the campus from AVIC Trust and an untreated third-party vendor.
India: Info Edge to sell stake worth $100m in Zomato’s upcoming IPO
The company is now eyeing a $1 billion listing, as a part of its public offering.