DealStreetAsia

DealStreetAsia Backed by Japan's Nikkei Group, DealStreetAsia is the region’s leading publisher of news on investments, M&A, PE, VC, IPOs and startups.
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Former NIIF executive Padmanabh (Paddy) Sinha co-founded LaunchBay Capital is eyeing India’s oft-overlooked and undercap...
18/06/2025

Former NIIF executive Padmanabh (Paddy) Sinha co-founded LaunchBay Capital is eyeing India’s oft-overlooked and undercapitalised lower mid-market segment. In an interview with Paramita Chatterjee, Sinha said, “On the one hand, established players have scaled up their fund sizes and moved up the curve to larger deal sizes; on the other hand, there’s a crowded field at the lower end, comprising both venture capital firms and a long, fragmented PE tail.”

https://buff.ly/Zyjnztr

LaunchBay is currently raising $300-400m for its debut fund.

In this month's edition of our Climate newsletter Green Street, written by Michelle Teo and Ngoc Nguyen, we take a look ...
18/06/2025

In this month's edition of our Climate newsletter Green Street, written by Michelle Teo and Ngoc Nguyen, we take a look at nuclear energy, particularly nuclear fusion. German startup Proxima Fusion and MIT spinout Commonwealth Fusion Systems, for instance, have raised big cheques to build grid-scale power plants. Also read about how countries in Asia are looking at bridging the rare earth elements gap.

https://buff.ly/siOGlaK

This edition looks at how countries in Asia are looking at bridging the rare earth elements gap.

Melvin Hade, co-head of Northstar Group’s $140-million debut venture capital fund, has launched a new investment platfor...
18/06/2025

Melvin Hade, co-head of Northstar Group’s $140-million debut venture capital fund, has launched a new investment platform dedicated to consumer and retail businesses in Indonesia. Kayella Consumer Partners, adds to the growing wave of investment vehicles targeting the country’s consumption-driven economy. Aastha Maheshwari's report:

Kayella Consumer Partners closed its debut fund in May 2025.

Salmon, a consumer financial technology startup, has raised $88 million in one of the largest investments in the Philipp...
18/06/2025

Salmon, a consumer financial technology startup, has raised $88 million in one of the largest investments in the Philippine fintech industry in recent times. "[The Philippines] is a greatly underpenetrated market, so we will be using this funding to double down on our offering in the country and launch new business lines here as early as this year," the company's co-founder Pavel Fedorov told Mars Mosqueda in an interview:

Debt financing markets in SE Asia are still relatively shallow, says CEO Fedorov.

Indonesia’s newly established sovereign wealth fund Danantara, and the Indonesia Investment Authority (INA) have signed ...
18/06/2025

Indonesia’s newly established sovereign wealth fund Danantara, and the Indonesia Investment Authority (INA) have signed a deal to invest $800 million in a project owned by IDX-listed petrochemical firm Chandra Asri Pacific. Gita Rossiana has the details:

The investment aligns with the country’s push for industrial downstreaming and self-sufficiency.

Singapore-based biotechnology firm ImmunoScape has issued new shares worth $9.2 million to existing investor EDBI. The s...
18/06/2025

Singapore-based biotechnology firm ImmunoScape has issued new shares worth $9.2 million to existing investor EDBI. The shares were issued as part of a conversion of a previously committed convertible note. Katrina Bianca Cuaresma's report:

EDBI now holds a 15% stake in the company.

The International Finance Corporation is proposing an equity investment of up to $12.5 million in Servify, an India-base...
18/06/2025

The International Finance Corporation is proposing an equity investment of up to $12.5 million in Servify, an India-based startup that manages the lifecycle of devices for smartphone vendors. The company will use the funding to expand into other markets and related product categories. Servify is backed by Iron Pillar, Blume Ventures, Beenext, Singularity, AmTrust, and Bajaj Holdings, among others. Read the report by Mars Mosqueda:

The company will expand to other markets and related product categories.

As as more infrastructure assets in emerging markets reach operational maturity and generate stable cash flows, they hav...
18/06/2025

As as more infrastructure assets in emerging markets reach operational maturity and generate stable cash flows, they have become prime targets for secondaries trades. The seller universe for such assets have now broadened beyond family-owned conglomerates and corporates to include private fund managers. Adrian Mucalov, Partner and Head of Long Life Infrastructure at UK-based Actis, speaks to Pimfha Chan about the "enormous quantity of operating assets in the market".

Actis has deployed over half of its $1.7b second long-life fund.

KKR has agreed to acquire Zenith Energy, one of Australia’s largest independent power producers, for an undisclosed amou...
17/06/2025

KKR has agreed to acquire Zenith Energy, one of Australia’s largest independent power producers, for an undisclosed amount. The transaction will see KKR acquire the power producer from a consortium that includes Pacific Equity Partners, OPSEU Pension Trust, and Foresight Group. Mars Mosqueda reports:

https://buff.ly/SnzZmsG

KKR will buy the firm from a consortium that includes Pacific Equity Partners.

Restaurant owners in India have a lot of grouse against food delivery apps Zomato and Swiggy. Platform fees, government ...
17/06/2025

Restaurant owners in India have a lot of grouse against food delivery apps Zomato and Swiggy. Platform fees, government levies, and mandatory investments oftentimes leave them with little to no payout, they allege. Amid the discontent, WestBridge Capital-backed unicorn Rapido, best known for its bike taxis, has found an entry wedge into the food delivery space. Can it grab market share while Zomato and Swiggy remain preoccupied with quick commerce? Vibhuti Sharma's analysis:

https://buff.ly/CXFiOs7

Rapido has found an entry wedge in restaurateurs' discontent with Zomato and Swiggy.

In a confirmation of our earlier report that MDI Ventures is actively pursuing exits from its debut vehicle, Telekom Fun...
17/06/2025

In a confirmation of our earlier report that MDI Ventures is actively pursuing exits from its debut vehicle, Telekom Fund I, CEO Donald Wihardja said that the firm has exited approximately $60 million worth of assets from several portfolio companies this year. MDI has also resumed dealmaking after an 18-month pause and is exploring new sectors such as cybersecurity and AI—areas that its parent Telkom refers to as 'new play'. Read this report by Gita Rossiana and Marsya Nabila.

https://buff.ly/wxeOdrd

MDI is exploring sectors like cybersecurity and AI—areas its parent Telkom calls 'new play'.

In February, DealStreetAsia had reported that the beleaguered Indonesian startup eFishery was looking for investors. Now...
17/06/2025

In February, DealStreetAsia had reported that the beleaguered Indonesian startup eFishery was looking for investors. Now, we have got wind that Aqua Bridge Holding, an investment firm linked to Dubai’s royal family, has emerged as the sole party pursuing an acquisition. Marsya Nabila's exclusive report:

FTI Consulting's audit is said to have triggered initial interest from 4-5 local and global players.

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About DealStreetAsia

DealStreetAsia was founded in May 2014 in Singapore and came to life through its main news and intelligence portal www.dealstreetasia.com in October 2014.

With a direct presence in Singapore, Indonesia, Greater China, Philippines, Myanmar, Thailand, Vietnam, Malaysia and India, we are continuously consolidating our database and investment insights to develop a powerful intelligence source for investors who want to capitalize on opportunities in Asian markets.

We believe Asia’s jewels, some of the fastest growing countries in the world, deserve more than a mention in international and regional media. A demographically vibrant region, often split by the language of media, has a lot to say and offer to the economic golden age that Asia is all set to make a mark in. DealStreetAsia aims to play a catalyst’s role in this transformation by bringing out the stories and bridging the gap between enterprises and investors through the power of information.