Dealstreet Asia

May 28, 2024 | asia.nikkei.com | Vibhuti Sharma |Dealstreet Asia

NEW DELHI -- India-based construction materials company Infra.Market on Tuesday said it has raised $50 million in funding from MARS Unicorn Fund, a joint venture between Israel-based Liquidity Group and Japan's Mitsubishi UFJ Financial Group. The fund had earlier invested $50 million in Infra.Market two years ago.

Mar 3, 2024 | asia.nikkei.com | Quynh Nguyen |Dealstreet Asia

HANOI -- Vietnam's rapid strides in artificial intelligence and technology are rubbing off on health tech investments in the country, particularly in precision medicine. Despite the overall gloom for fundraising in 2023, health tech investments in Southeast Asia held up as startups in the sector raised $580 million from 60 deals, according to the "SE Asia Deal Review: Q4 2023" report by DealStreetAsia's Data Vantage.

Feb 20, 2024 | asia.nikkei.com | Gita Rossiana |Khamila Mulia |Dealstreet Asia

JAKARTA -- Indonesia's peer-to-peer (P2P) lending sector, which has seen several prominent companies plunge into crisis recently, has made retail lenders and investors wary of the model that is now being put to the test. The crisis that hit major lenders Investree, TaniFund and iGrow is likely to pull individual lenders away from the platform, leaving only institutional players to operate in the country's vast P2P lending landscape, according to multiple market observers.

Feb 19, 2024 | asia.nikkei.com | Stephanie Li |Dealstreet Asia

HONG KONG -- Asia's family offices (FOs) are looking to ramp up allocation toward digital assets as liquid strategies garner significant attention among affluent individuals and families in the region, according to wealth managers. "What we are observing is a trend where family offices already invested in the industry are planning to increase their allocations," Zann Kwan, managing partner and chief investment officer for Revo Digital Family Office, told DealStreetAsia in an email interview.

Feb 15, 2024 | asia.nikkei.com | Vibhuti Sharma |Dealstreet Asia

NEW DELHI -- A growing tribe of private equity and venture capital investors is heading to India's hinterland amid a rise in local tech talent coupled with improving infrastructure, increasing Internet penetration and lower operational expenses. According to data available from research firm Tracxn, startup funding in third-tier cities has been steadily rising and in 2023 stood at $59.7 million despite a slowdown in overall funding amid macroeconomic uncertainties.