Malaysian government-backed private equity firm Ekuinas has set up its fourth fund with MYR1 billion ($242 million) and an option to increase the corpus to MYR1.5 billion.
Ekuinas launched its maiden fund in 2011 at MYR400 million. Its second fund amounted to MYR1.4 billion across two vehicles, and its third was established at MYR1.5 billion in 2014. Fund IV was set up...
As Grab and Go-Jek accumulate war chests to finance their battle for leadership in Indonesia’s online services space, the greatest benefit could go to the next generation of local technology entrepreneurs
CleanMax Solar, an Indian solar power developer with several PE backers, has raised INR2.75 billion ($39 million) from UK Climate Investments (UKCI), a renewable energy investment platform managed by Macquarie Infrastructure and Real Assets.
RWDC Industries, a Singapore-based materials developer focused on biodegradable plastics, has raised $22 million from a group of investors including Vickers Venture Partners.
Tencent Holdings has led a Series C round for China-based Tangdou, a social media platform targeting senior citizens. Other participants include GGV Capital, Shunwei Capital and IDG Capital.