Author: Deal Street Asia Online News

India: Invest-tech platform dezerv. raises $7m in seed funding from Elevation Capital, Matrix

dezerv., an ‘expert’ investing tech platform, has raised $7 million in a seed funding round co-led by Elevation Capital and Matrix Partners India, with participation from reputed investors such as Whiteboard Capital, Nath Ventures and Blume Founders Fund. Given that this is a seed round, the size of the capital raised was quite substantial. Established… Continue reading India: Invest-tech platform dezerv. raises $7m in seed funding from Elevation Capital, Matrix

China Digest: Allsense, CN Technology in funding news

Industrial internet firm Allsense has raised its Series B round. In a separate development, Shanghai CN Science and Technology Co., Ltd has garnered a new round of funding, led by Matrix Partners China. Allsense raises funding Allsense, which provides industrial internet solutions for thermoelectric energy production in China, has secured a Series B round of… Continue reading China Digest: Allsense, CN Technology in funding news

People Digest: Antler, CVC Capital, Indosuez Wealth Management announce key appointments

Global early-stage VC Antler has appointed Subir Lohani as partner and Indonesia country head. Meanwhile, private equity firm CVC Capital Partners (CVC) has roped in Brett Sutton as Chair of Australia as it is set to open an office in Sydney. In yet another development, Indosuez Wealth Management has appointed Ian Koo as the new… Continue reading People Digest: Antler, CVC Capital, Indosuez Wealth Management announce key appointments

China’s Xiaomi registers electric vehicle unit with CEO Lei Jun in charge …

Chinese smartphone giant Xiaomi Corp said on Wednesday that it has completed the official business registration of its electric vehicle unit, marking the latest milestone in its push into the automotive sector. The new unit, to be called Xiaomi EV Inc, opened with a registered capital of 10 billion yuan ($1.55 billion) and Xiaomi CEO Lei Jun as… Continue reading China’s Xiaomi registers electric vehicle unit with CEO Lei Jun in charge …

Deutsche Bank regains HK IPO sponsor licence after suspension in June

Deutsche Bank has regained its Hong Kong Initial Public Offerings (IPOs) sponsors licence after it was suspended in June following the departure of key staff, according to a notice on the website of the city’s markets watchdog. Regulators put the licence on hold when the bank‘s IPO principals left. Deutsche had still been able to work on deals in a junior role but could not act as sponsor,… Continue reading Deutsche Bank regains HK IPO sponsor licence after suspension in June

Chinese regulators raise concerns with ride-hailing companies

Chinese regulators summoned 11 ride–hailing firms including Didi Global Inc, Geely’s Caocao and Meituan’s ride–hailing unit to a meeting, the transport ministry said on Thursday, to discuss points of concern in the sector. At the meeting held on Wednesday, authorities highlighted the hiring of unqualified drivers and use of promotions that disrupt fair market order, the ministry said in a statement. Regulators urged ride–hailing companies… Continue reading Chinese regulators raise concerns with ride-hailing companies

Singapore VC Accelerating Asia secures $10m so far for latest venture fund

Accelerating Asia, a Singapore-based, early-stage venture capital investor, has so far raised $10 million for its latest fund that will focus on seed to pre-Series A investments, according to an announcement on Thursday. Accelerating Asia Fund II, which has a hard cap of $20 million, has already received commitments from limited partners of its previous… Continue reading Singapore VC Accelerating Asia secures $10m so far for latest venture fund

Guest Post: Why control deals in India have suddenly gone up

In recent years there has been a sudden increase in private equity (PE) investors taking a controlling position or majority stake in Indian businesses. This trend is definitely an indicator of increased risk appetite and confidence that PE investors have developed as regards the Indian market. The shift for PE investors from being pure ‘vanilla’… Continue reading Guest Post: Why control deals in India have suddenly gone up

Indian payments platform Razorpay looks to raise up to $250m at $4b valuation

The payments platform is in talks with hedge funds such as Tiger Global Management, Coatue Management, D1 Capital Partners and other technology-focused funds, including DST Global, Dragoneer Investment Group and Falcon Edge Capital, the people said on condition of anonymity. The company counts Sequoia Capital, Matrix Partners and Rabbit Capital among its backers. It wasn’t… Continue reading Indian payments platform Razorpay looks to raise up to $250m at $4b valuation