www.shareandstocks.com Open in urlscan Pro
139.99.18.211  Public Scan

Form analysis
2 forms found in the DOM

GET https://www.shareandstocks.com/

<form role="search" class="searchform fusion-search-form fusion-live-search" method="get" action="https://www.shareandstocks.com/">
  <div class="fusion-search-form-content">
    <div class="fusion-search-field search-field">
      <label><span class="screen-reader-text">Search for:</span>
        <input type="search" class="s fusion-live-search-input" name="s" id="fusion-live-search-input" autocomplete="off" placeholder="Search ..." required="" aria-required="true" aria-label="Search ...">
      </label>
    </div>
    <div class="fusion-search-button search-button">
      <input type="submit" class="fusion-search-submit searchsubmit" value="" data-color="rgb(170, 169, 169)">
      <div class="fusion-slider-loading"></div>
    </div>
  </div>
  <div class="fusion-search-results-wrapper">
    <div class="fusion-search-results"></div>
  </div>
</form>

GET https://www.shareandstocks.com/

<form role="search" class="searchform fusion-search-form fusion-live-search" method="get" action="https://www.shareandstocks.com/">
  <div class="fusion-search-form-content">
    <div class="fusion-search-field search-field">
      <label><span class="screen-reader-text">Search for:</span>
        <input type="search" class="s fusion-live-search-input" name="s" id="fusion-live-search-input" autocomplete="off" placeholder="Search ..." required="" aria-required="true" aria-label="Search ...">
      </label>
    </div>
    <div class="fusion-search-button search-button">
      <input type="submit" class="fusion-search-submit searchsubmit" value="" data-color="rgb(170, 169, 169)">
      <div class="fusion-slider-loading"></div>
    </div>
  </div>
  <div class="fusion-search-results-wrapper">
    <div class="fusion-search-results"></div>
  </div>
</form>

Text Content

Skip to content

Follow Us

 * World News
 * US
 * Hong Kong
 * Malaysia
 * Singapore
 * China
 * Forex
 * Listed Companies Details
 * Portfolio Tracker
 * Search for:
   
   

 * World News
 * US
 * Hong Kong
 * Malaysia
 * Singapore
 * China
 * Forex
 * Listed Companies Details
 * Portfolio Tracker


Search for:







EDITOR’S TAKE: THE WEEK THAT WAS—JULY 15-20

2024-07-21T07:00:50-04:00July 21st, 2024|
FacebookTelegramWhatsAppWeChatRedditBloggerLinkedInTwitterLineGmailStockTwitsWordPressshare
this article!

This week, DealStreetAsia’s DATA VANTAGE released its latest report, India Deal
Review: Q2 2024.

The report showed that Q2 was a mega quarter for Indian startups as a 57%
year-on-year surge in megadeals drove fundraising to an eight-quarter high of
$5.2 billion. In June alone, private funding for local startups exceeded $2
billion, a milestone not seen in the past two years.

The second-quarter proceeds marked a nearly 100% growth over Q1 2024, when
Indian startups had garnered $2.61 billion. At 333, deal volume was also up
almost 15% from 290 in the previous quarter, the data showed.

On a year-on-year basis, the funding grew more than 61% from $3.22 billion in Q2
2023. The deal value rose nearly 34% from the comparable quarter last year.

The report also includes data on the top deals of Q2 2024, the top sectors by
fundraising, megadeals clocked by startups, the most active investors, and
insights from prominent investors, among other things.

Scroll down for the other developments of the week.


LP-GP NEWS

Private equity (PE) firm L Catterton Asia is eyeing a corpus of about $500
million for its first India-dedicated investment vehicle, DealStreetAsia has
learnt. It is also looking to raise an investment vehicle for the Japan market,
said sources.

Global investment manager Schroders Capital prizes alignment of interest with
general partners, or fund managers, as a key factor when making continuation
fund investments. However, several other factors play a crucial role in the
decision-making, says its global head of private equity secondaries, Christiaan
van der Kam.

Danish investment firm Novo Holdings is bullish on new opportunities in green
transition as it plans to increase allocation to the sector to 10% by 2030 from
2% today.

Goldman Sachs aims to raise $2 billion for its first Asia Pacific-focused PE
fund, two people with knowledge of the bank’s fundraising plan said, as it looks
to deepen exposure to some of the world’s fastest-growing economies.

Singapore state investor Temasek plans to invest up to $10 billion in India over
three years in sectors such as financial services and healthcare, a top
executive said on Monday, favouring the South Asian nation as it turns cautious
on China.

Warburg Pincus has named veteran insider Jeffrey Perlman its next chief
executive officer, in only the third generation of leadership for the PE firm in
its nearly 60-year history.

While climate-focused investors lament the few investible opportunities in
Southeast Asia due to high perceived risks, the rise of blended finance is
expected to alter the landscape for private investors, including limited
partners (LPs).

Seviora Group, an asset manager wholly owned by Singapore’s Temasek, is
acquiring a minority stake in Hong Kong-headquartered private credit manager ADM
Capital.

The Asian Infrastructure Investment Bank (AIIB) will invest $5 billion to
support Vietnam in its shift towards a sustainable and green economy, AIIB
president Jin Liqun announced during a recent visit to the country.

Listed Swiss investment firm Youngtimers AG has approved an offer to wholly
acquire Hong Kong’s C Capital, an asset manager founded by Hong Kong real estate
tycoon Adrian Cheng.

Stellaris Venture Partners, an early-stage investment firm and backer of Indian
unicorns Mamaearth and Glance, is seeking to raise $300 million for its third
fund.

Alternative financing firm Anicut Capital has closed its maiden late-stage
equity continuum fund of Rs 300 crore ($36 million) to invest in companies
preparing for an IPO in the next 2-4 years.

Yali Capital, a venture capital firm floated by Cosmic Circuits co-founder
Ganapathy Subramaniam and former Blackstone executive Mathew Cyriac, has
launched a Rs 810-crore ($97 million) fund to invest in early-stage deep tech
startups in India.


DEAL UPDATES

Singapore’s GIC is weighing an exit from two of its prominent portfolio
companies, Indonesia-listed Bukalapak and PT Elang Mahkota Teknologi Tbk (aka
Emtek), several sources familiar with the matter told DealStreetAsia.

Zetwerk, an Indian unicorn that undertakes contract manufacturing of capital and
consumer goods, has initiated talks to raise funding from CapitalG, the
investment unit of Google parent Alphabet, multiple sources familiar with the
matter told DealStreetAsia.

Indonesia-based ice cream maker Aice Group Holdings, which is backed by Chinese
consumer major China Mengniu Dairy, is understood to be in the market to raise
over $100 million through a mix of primary and secondary deals.

Chinese automotive chipmaker SemiDrive Technology has pocketed 1 billion yuan
($137.7 million) in strategic funding.

Indian EV ride-hailing firm BluSmart has closed a pre-Series B funding round
worth $24 million to expand its footprint in the country.

Philippines-based Hann Resorts is planning an initial public offering worth up
to 20 billion pesos ($342.2 million) as the integrated casino-resort operator
seeks to cash in on the booming gambling sector.

Philippine proptech startup Lhoopa has raised $80 million in equity and debt in
its latest funding round backed by the International Finance Corporation (IFC)
and VC firm Wavemaker Partners.

Amity Solutions, a Bangkok-based multiproduct software group, and its parent
company, Amity Corporation, have raised a combined $60 million in a Series C
funding round.

Southeast Asian VC firm East Ventures has anchored the seed funding round of
Singapore-based takeaway kiosk operator Har Har Chicken!, according to an
announcement. Regulatory filings accessed by DealStreetAsia showed that the
startup has raised $850,000 in the round.

Chinese biopharmaceutical firm AusperBio has raised $37 million in a Series A
round led by InnoPinnacle Fund as it looks to expand its operations.

Auxilo Finserve, a leading non-banking finance company focused on providing
education finance in India, is raising Rs 279 crore ($33.4 million) in a funding
round led by LeapFrog Investments.

Dharana Capital, an India-focused investment firm, has invested over Rs 400
crore (about $48 million) in home services startup Urban Company through a
secondary transaction.

Prowess Advisors, an advisory firm that took over early-stage venture fund
Kalpavriksh from Mumbai-based asset manager Centrum Alternatives in 2023, has
exited its investment in The Ayurveda Experience, a D2C beauty and health
Ayurveda brand.

US-based battery maker Peak Energy has raised $55 million in a Series A funding
round anchored by Xora Innovation, the early-stage deep tech investment arm of
Temasek Holdings.


EARNINGS CALL

Social media platform TikTok’s Asia Pacific unit recorded its first gross profit
in 2023, driven by strong revenue growth in its advertising and live-streaming
businesses, according to regulatory filings. TikTok Pte, the ByteDance-owned
company’s APAC subsidiary, saw a 56% year-on-year increase in revenue to $8.57
billion last year.

Tonik Financial, the parent company of Philippines-based digital lender Tonik
Digital Bank, posted lower year-on-year losses in 2023, but its customer
deposits shrank during the year, regulatory filings showed. Interest income,
meanwhile, more than tripled to $19.8 million in the financial year ended
December 31, 2023.

Indonesian grab-and-go coffee chain operator Kopi Kenangan’s net loss increased
70% to 452.5 billion rupiah ($30.5 million) in the financial year ended December
31, 2022. The firm has remained in the red after a profitable 2020.

Singapore-based digital lender MariBank’s total income surged in 2023, but its
losses widened compared with the previous year. The wholly-owned subsidiary of
NYSE-listed tech giant Sea Ltd’s total income for the financial year ended
December 31, 2023, surged over 6x to S$10.1 million (about $7.5 million).

Singapore-based classifieds unicorn Carousell trimmed its losses by 40% in the
financial year ended December 31, 2023, as it reined in costs, according to
regulatory filings. Its revenue jumped 40% to $115.9 million in 2023, largely
due to growth in its recommerce business, which allows users to trade their used
goods on the platform.

Alternative asset manager Blackstone said its second-quarter distributable
earnings rose 3% from a year earlier, as a jump in asset sales in its PE and
credit divisions more than offset a slump in its real estate arm.


DEEP DIVES

Southeast Asia remains an attractive destination for international investors,
says AC Ventures managing partner Helen Wong. “We still see a lot of interest
from those who are bullish on the region,” she said. “For example, we have
attracted some Korean LPs who are quite interested in our part of the world. We
have also attracted Middle East sovereigns, and family offices from Europe.”

Indonesia’s Financial Services Authority (OJK) plans to increase the
disbursement limit for productive loans in the peer-to-peer (P2P) lending
industry by about five times to support SMEs. However, there is a caveat. The
rule will apply only to players with a bad debt ratio below 5%.

Mergers & acquisitions (M&As) in the software & IT space in Southeast Asia
inched up in 2023 as digital transformation of businesses in the post-pandemic
era has created high demand for web development, cloud computing, and ICT
infrastructure. The software & IT sector witnessed 14 M&A deals in 2023, next
only to fintech, according to the SE Asia Tech M&A Review 2024 report by
DealStreetAsia – DATA VANTAGE.

After almost a decade marked by booms and busts, China’s internet medical
service providers now face a soul-searching moment that will determine their
future fortunes. The industry’s shine has faded as most companies still struggle
to find sustainable business models. China’s slowing economy and cooling capital
market have deepened the industry’s woes, forcing digital healthcare providers
such as HaoDF, Chunyu Yisheng and Ping An Good Doctor to cut jobs while
squeezing out some smaller competitors altogether.

Indonesian tech giant GoTo’s stock price has been languishing at an all-time low
of 50 rupiah apiece since June 25 as big investors continue to sell the stock,
according to Indonesian Stock Exchange (IDX) data. The stock price is down 85%
from its listing price of 338 rupiah in April 2022.

The total gross merchandise value of Southeast Asia’s eight leading e-commerce
platforms rose 15% year on year to $114.6 billion in 2023, according to a new
report by Momentum Works. TikTok Shop almost quadrupled its annual GMV to $16.3
billion to emerge as the second-largest e-commerce platform in Southeast Asia.

A rising Thai food delivery star during the lockdown days has become the latest
casualty of a red ocean market into which other former rivals have already
flushed billions of baht in cumulative losses.

In the volatile startup ecosystem, failures are more common than successes. In
Vietnam, several tech startups have folded or suspended operations in the last
few years. While Skola was plagued by alleged financial management and JobHopin
and Propzy by their inability to raise more funds, several other startups have
tripped and fallen due to their inadequate understanding of target markets, weak
leadership skills, or even regulatory hurdles, say industry experts.

Insolvency proceedings against Indian edtech giant Byju’s, once India’s biggest
startup valued at $22 billion, will likely force thousands of employees to quit
and result in a total shutdown of its services, its CEO said in a court filing
seen by Reuters.

Kin Yat Holdings, a Hong Kong electronics manufacturer and trader that listed
before the territory returned to China in 1997, is planning to go private as its
mainland businesses, from manufacturing to real estate, struggle. The company is
among a growing number of Hong Kong-listed companies planning to delist as
equities markets in China continue to flounder.


AND FINALLY, A SCOOP OF GOOD NEWS!

A spike in the sale of ice cream in India amid the scorching summer of 2024
seems to have caught the eye of investors. Several new-age ice cream brands in
the country have raised funds from venture investors lately, as the summer treat
has become more accessible thanks to the penetration of quick commerce apps,
enhanced logistics, and higher disposable incomes. Enjoying a scoop and swirl no
longer requires stepping out, freezer space, or even special occasions.

Source Link

FacebookTelegramWhatsAppWeChatRedditBloggerLinkedInTwitterLineGmailStockTwitsWordPressshare
this article!


RELATED POSTS



 * ZEEKR BATTLES AGAINST TOYOTA, GM WITH REFRESHED LUXURY MINIVANS
   
   July 22nd, 2024

 * MEITUAN SET TO ENTER RIYADH AS EARLY AS SEPTEMBER
   
   July 22nd, 2024

 * HONG KONG TO GET FIRST BITCOIN INVERSE INVESTMENT PRODUCT, ADDING TO CRYPTO
   ETFS
   
   July 22nd, 2024

 * XIAOMI’S FIRST FLIP PHONE, THE MIX FLIP, LAUNCHES WITH INSTANT PHOTO PRINTER
   KIT
   
   July 22nd, 2024


Copyright © 2021 shareandstocks.com | All Rights Reserved. |



| Privacy | Disclaimer | Contact Us |






We use cookies to ensure that we give you the best experience on our website. If
you continue to use this site we will assume that you are happy with it. Ok

✓
Danke für das Teilen!
AddToAny
Mehr…


Go to Top