DealStreetAsia

Nipun Mehra, co-founder of shuttered Indonesian B2B marketplace Ula, is understood to be developing an AI-powered platform for back-office and customer support functions. buff.ly/PbfaWPS

Private equity giants Warburg Pincus and EQT are evaluating a potential investment in India’s Nash Industries as the precision-engineered components maker looks to raise its first equity funding, reports Vibhuti Sharma. buff.ly/UQmcMTs

Angkas, a motorcycle taxi app in the Philippines backed by Malaysian private equity firm Creador, has recorded a 31% increase in losses in 2024 on the back of a decline in its full-year revenue, regulatory filings show. buff.ly/ywiwoEb

The Philippines is shaping up to be a crucial test for Green GSM’s global expansion. Its parent company, VinFast, has had mixed results in markets outside its home country and is under pressure to show it can scale beyond Vietnam. buff.ly/Dv5iyi4

Sameer Brij Verma, the former managing director of Nexus Venture Partners, is ditching the conventional partnership model for his new $150-million early-stage fund, Northpoint Capital buff.ly/aZmiewE

Blackstone has raised an additional $3.5 billion for its third pan-Asia buyout fund in the second quarter alone, despite the market volatility triggered by Trump’s tariff threats against US trade partners. buff.ly/vMZ61RY

Peak XV Partners is weighing a partial or full stake sale from Indonesian coffee chain operator Kopi Kenangan, in what could be its second-biggest exit in Southeast Asia. buff.ly/KavkpgY

Indonesian aquatech startup FishLog is reportedly struggling to stay afloat amid multiple financial strains, including mounting receivables that are unlikely to be recovered. buff.ly/i7Agmmm

Subhadeep Sanyal has stepped down as a partner at Mumbai-based impact investor Omnivore to helm the India operations at a regional climate-focused venture builder, reports Paramita Chatterjee. buff.ly/P3YyfbM

Indonesian e-commerce enabler SIRCLO has raised a total of $38.3 million in two tranches this month, according to recent regulatory filings reviewed by DealStreetAsia. buff.ly/jTgm4c8

BINAR, an Indonesian digital transformation and edtech startup, has acquired the technology and core R&D talent behind QUTKE, a no-code AI agent builder developed in China, reports Marsya Nabila. buff.ly/poCjANy

Dutch development bank FMO has proposed to invest another $50 million in Indian non-banking financial company (NBFC) SK Finance, formerly Esskay Fincorp, according to a disclosure. buff.ly/QWLLcTB

Paris-headquartered Cathay Innovation, which manages approximately $3 billion in assets globally, looks at how collaborative AI businesses can be, instead of following the regular revenue metrics. buff.ly/xm583DD

Fundraising by Greater China startups jumped 13% in Q2 over the previous quarter, fuelled by Tencent Music’s $2.4-billion acquisition of online audio platform Ximalaya. buff.ly/Pnp7kTH

Financially beleaguered Indonesian B2B platform GudangAda has acquired shares from five of its biggest institutional investors, paving the way for their complete exit. buff.ly/4jydqNs

Farizon, the new energy commercial vehicle unit of Chinese automaker Geely, said on Sunday that its methanol-hydrogen electric vehicle unit has secured $200 million in its latest funding round. dealstreetasia.com/stories/geely-…

Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers, has committed up to A$800m (about $521m) to the flagship industrial vehicle of Australian property developer and investment firm Aliro Group. buff.ly/jQ6EHO6

Arpwood Partners, a private equity (PE) firm founded by renowned Indian investment banker Rajeev Gupta and ex-TPG fund manager Amol Jain, is in talks to invest in a Bengaluru-headquartered radiology service provider. buff.ly/2faSJuI

Indonesia’s cryptocurrency sector is undergoing a significant transformation. buff.ly/yaOICgf

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