Author: Deal Street Asia Online News

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

India: The beeline for IPOs in August may be a sign of something darker

The building of the Bombay Stock Exchange in Mumbai. Credit: Wikimedia Commons Premium India’s markets regulator faced one of its busiest months in August as a record 29 companies filed draft prospectuses for public listings, underscoring the ongoing frenzy in India Inc. to exploit a runaway rally in equity markets. Go to Source

MGI acquires digital ad platform Smaato from China’s QS Funds for $166m

Media and Games Invest SE (MGI), a digital games and media firm mainly operating in Europe and North America, has acquired global in-app advertising platform Smaato from Chinese private equity firm QS Funds for 140 million euros ($165.8 million). The completion of the deal saw QS Funds divest its stake in Smaato, roughly five years… Continue reading MGI acquires digital ad platform Smaato from China’s QS Funds for $166m

Temasek’s Heliconia makes minority investment in SG’s pop culture collectibles maker XM Studios

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading Temasek’s Heliconia makes minority investment in SG’s pop culture collectibles maker XM Studios

European-Asian PE firm AGIC Capital raises second fund at $1.2b

European-Asian private equity firm AGIC Capital has held a final closing of its second fund, AGIC Fund II, at $1.2 billion, according to an announcement. The second fund will continue to focus on advanced industrial and medical technology investments. It will invest in the majority and significant minority positions in mid-market companies with enterprise values in the… Continue reading European-Asian PE firm AGIC Capital raises second fund at $1.2b

Thailand’s CP Group to merge hypermarket owners in overseas push

Pedestrians walk past a Makro store, operated by Siam Makro Pcl, in Bangkok, Thailand. Photographer: Brent Lewin/Bloomberg Premium Thailand’s largest conglomerate Charoen Pokphand Group will reorganize and merge operating companies of its Lotus’s and Makro retail chains to create a stronger entity as the group eyes overseas markets. Go to Source