Investments
GCash parent Mynt secures more than 20 cornerstone investors ahead of IPO
Mynt, the parent of GCash, has secured commitments from more than 20 global and Philippine cornerstone investors for its planned IPO, with final pricing expected October 1.
India’s Ultraviolette raises $85M to scale EV production and global expansion
Indian electric motorcycle maker Ultraviolette has raised $85 million led by Yali Capital and TDK Ventures to expand manufacturing, develop new EV platforms and grow internationally.
Thailand’s Lakeshore Capital closes $305M Fund III for Mekong mid-market deals
Thailand-focused private equity firm Lakeshore Capital has closed its third flagship fund at a $305 million hard cap for growth and buyout investments across Thailand and the Greater Mekong region.
Mayo Clinic Laboratories invests in Pathology Asia and LifeStrands Genomics
Mayo Clinic Laboratories has invested in Singapore-based Pathology Asia Holdings and LifeStrands Genomics to expand advanced diagnostics and precision medicine across Asia Pacific.
Malaysia’s 3cat raises $4M Series A for Philippines expansion
Malaysia-based pre-owned electronics platform 3cat has raised a $4 million Series A led by Foxmont Capital Partners, with participation from the Asian Development Bank and Golden Gate Ventures, as it prepares to enter the Philippines.
Singapore’s Nexstrom raises $12M to scale 12-inch 2D semiconductor platform
Singapore semiconductor startup Nexstrom has raised a $12 million seed round led by Xora Innovation to commercialize a wafer-scale platform for single-crystal 2D semiconductor materials.
SoftBank launches $11B bond sale to fund OpenAI investment
SoftBank has launched an $11 billion-equivalent bond sale to finance its next $10 billion OpenAI investment tranche and refinance bridge borrowing.
[Central Asia Rising] Uzbekistan’s tech gambit: nation vies for global stage with new “Enterprise Uzbekistan” free zone
Uzbekistan is trying to position itself as a technology hub for Central Asia, combining tax incentives, sector-specific tech parks, a young workforce and closer regional ties. A key part of that push is “Enterprise Uzbekistan,” a free zone for technology companies and financial organizations that is expected to operate under English common law.
Applied Materials commits $5B to expand India semiconductor footprint
Applied Materials plans to invest $5 billion in India over the next decade, expanding research, suppliers and workforce as the country builds its chip ecosystem.
[Central Asia Rising] Beyond oil & gas: how Kazakhstan wants to become a gateway for Chinese capital & technology
For many Chinese investors, Kazakhstan and Central Asia have long been associated with natural resources—oil, gas, mining and commodities. Zhanbolat Kakishev, Chief Product Officer of the Astana International Financial Center (AIFC), believes that perception is beginning to change. “Traditionally, China always looked into the advanced economies—Europe,…
