Top ten highlights from the APAC PE, VC, and startup ecosystem this week:
- Sky Mavis, a Vietnam-founded blockchain game developer, triples its net profit to $13.4 million in FY
- 315 Holding Pte Ltd, parent firm of Nhi Dong 315 clinic operator in Vietnam, reports a net loss of $460,380 in FY
- Believe Pte Ltd and subsidiaries swing to a net loss of $3.9 million in FY2024 due to weaker sales.
- SoftBank-backed Eruditus cuts losses by 33% in FY2024, with revenue rising 10.5% to $447.9 million.
- HealthifyMe, an Indian digital health platform, turns a profit of $31.6 million in FY2024 despite a revenue decline.
- FreshToHome Ltd reduces losses in FY2024 with a fourfold surge in revenue.
- Zepto doubles revenue and reduces net loss in FY2024 despite higher expenses.
- Top Toy, owned by Miniso, reaches a valuation of HK$10 billion after strategic financing from Temasek Holdings.
- Akulaku divests from Bank Neo Commerce in Indonesia as it considers a full exit by next year.
- Weaver Services, an Indian housing finance platform, raises $170 million in a funding round led by Lightspeed and Premji Invest.
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