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Confiance Communications wins PR mandate for Euronics

Confiance wins Strategic Communications mandate for Euronics

Startups tap new pools of capital; consumer lending apps hit profitability

Capital pools have diversified amid the broader tech slowdown with large global, crossover and hedge funds mostly staying away from cutting new cheques. Domestic firms and family offices such as those run by Zerodha cofounder Nikhil Kamath, Manipal Group chairman Ranjan Pai, and Premji Invest have backed startups including Subko, Quorum Club, Kites Seniorcare and The Sleep Company.

Deals in brief: Shiok Meats and Umami Bioworks pursue merger, Peak XV Partners to launch perpetual fund, eight China and India deals, and more

Bringing you the latest updates on funding deals and activities in the Asia Pacific.

Quorum Club: Hospitality brand Quorum Club secures pre-Series A funding led by Gruhas

Quorum Club was founded in 2018 by Vivek Narain and his wife Sonya Jehan. It runs three brands—Quorum, a subscription-based members-only club, District 150, a meetings and events space, and Business Quarter, a coworking space.