Top ten highlights from the APAC PE, VC, and startup ecosystem this week:
- Energy major PT TBS Energi Utama acquires Asia Medical Enviro Services from Dymon Asia Private Equity.
- Vietnamese powdered milk producer VitaDairy explores stake sale worth over $100 million.
- Indonesian bookkeeping startup Lummo goes into voluntary liquidation after raising funds from investors.
- B2B e-commerce startup Telio secures $15 million in funding from London-based investment firm Granite Oak.
- CPP Investments lays off five investment professionals in its Hong Kong office amid reduced deals in China.
- Asset allocators show stronger interest in private credit investments in the US and Europe over Asian markets.
- Indonesian sovereign wealth fund INA partners with GDS to develop and expand data centers.
- Singapore-based VC firm Vertex Growth Fund seeks investments in Japanese software developers.
- Global VC firm Antler aims to bring value to Malaysia’s VC sector through partnership with Khazanah Nasional Berhad.
- Asha Ventures in talks to raise a $100-million fund to support positive financial impact companies in India’s mass market segment.
Disclaimer:This article by is general in nature and based on publicly available information and not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material. While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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