Top ten highlights from the APAC PE, VC, and startup ecosystem this week:
- Southeast Asia’s Logistics Sector Seeing a Recovery: After a sluggish period post-2021 peak, funding in Southeast Asia’s logistics sector is on the rise. The first and mid-mile segments are expected to lead the recovery due to their crucial roles in supply chains and manufacturing activities.
- Creador Makes First Investment in Travel: Malaysia-based private equity firm Creador has acquired a majority stake in Indonesian hospitality marketplace MG Group, marking its entry into the travel sector. The deal provides an exit for Northstar Group and other shareholders.
- India’s Private Equity and Venture Capital Landscape: Private equity and venture capital firms in India experienced a subdued 2024, with fundraising totaling $6.8 billion, an 18% drop from the previous year. Despite challenges, firms like Kedaara Capital and ChrysCapital secured significant capital for their latest funds.
- Strong IPO Market in India: India witnessed the most number of IPO listings in two decades in 2024, with listings reaching nearly $20 billion, the highest in the region. This reflects investor confidence in the Indian market’s growth potential.
- China’s Industrial Tech Startups Attract Capital: Chinese industrial tech startups continue to attract funding, with companies like IM Motors and AnHui DeepWay Technology securing significant investments. Electric vehicle maker Xpeng plans to expand its workforce amid increasing competition in the sector.
- Venture Partner News: Granite Asia welcomes two new partners to lead its credit solutions strategy, while Vertex Ventures’ long-time general partner Carmen Yuen transitions to an advisory role after 11 years at the firm.
- Capital Injections in China: Electric vehicle battery company IM Motors raised $190 million in its Series B round, while biopharma startup AusperBio secured $73 million in fresh capital. Two aerospace companies, LandSpace Technology Corporation and Genesat, raised over $100 million each.
- Growth Opportunities in India: Despite challenges, India remains an attractive destination for investors seeking exposure to Asian markets. LPs are consolidating into larger regional funds and selectively adding country-focused funds from Japan, Australia, and India.
- International Finance Corporation’s Green Investment: The International Finance Corporation is set to invest up to $50 million in a green bond issued by Ho Chi Minh City Development Commercial Joint Stock Bank to finance climate-related projects.
- Stay Updated: Don’t miss out on the top stories in the Asia PE-VC space and join the upcoming Indonesia PE-VC Summit in Jakarta. Subscribe to access premium stories on the PE, VC, and startup ecosystems in Southeast Asia, Greater China, and India.”
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