Deal Street Asia Online News – Page 1004 – I wish I had more to offer

Singapore-based VC True Global Ventures closes fourth fund at over $100m …

Singapore-based venture capital firm True Global Ventures (TGV) has made the final close of its fourth fund at more than $100 million, the firm announced on Wednesday. TGV 4 Plus, a blockchain-focused equity fund, was launched in 2019 with its general partners pitching in the initial $12 million, TGV partner Kelly Choo told DealStreetAsia. After… Continue reading Singapore-based VC True Global Ventures closes fourth fund at over $100m …

Vietnamese online pharma marketplace BuyMed raises $8.8m in new round …

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India: Medical devices maker Healthium buys CareNow in third acquisition this year …

Healthium Medtech, a global player in medical devices, on Wednesday announced the acquisition of CareNow Medical Private Limited, strengthening its product portfolio with patented and differentiated products in the advanced wound management and infection prevention segments. This is the third acquisition by Healthium this calendar year. Earlier this year, Healthium had acquired the AbGel business… Continue reading India: Medical devices maker Healthium buys CareNow in third acquisition this year …

Chinese semiconductor firm Hefei SINEVA bags $93m led by CMBI, Cowin Capital

Hefei SINEVA Intelligent Equipment Co., Ltd, a maker of intelligent equipment based on semiconductors, has raised 600 million yuan ($93 million) in equity financing. The funding was jointly led by CMB International (CMBI), the Hong Kong subsidiary of China Merchants Bank; and Cowin Capital. Other investors in the round included US-based Walden International; Ping An’s… Continue reading Chinese semiconductor firm Hefei SINEVA bags $93m led by CMBI, Cowin Capital

Lightspeed China looking to raise $850m across two vehicles, show SEC filings

Premium Lightspeed China Partners, an early-stage venture capital (VC) firm that manages over $2 billion, is planning to raise $850 million across two new funds, show two separate filings it made to the US Securities and Exchange Commission (SEC) on Tuesday. Go to Source

Paytm to transfer its payments business to a new subsidiary

The company is to convene an extraordinary general meeting (EGM) on 23 September to seek shareholder approval for setting up Paytm Payments Services Ltd that will house its online payment aggregator and payment gateway business. In the letter to shareholders, One97 Communications said the transfer of its payments business will be made on a slump… Continue reading Paytm to transfer its payments business to a new subsidiary

Indonesian B2B marketplace Ralali in talks to raise $50m Series D funding …

Lightspeed plans to double down on its investments in SE Asia, says Akshay Bhushan

US pension commits $200m to Baring PE Asia, Blackstone’s Asia real estate fund

Bukalapak pares net loss 25% in H1 2021, revenue surges 35% …

Indonesian marketplace Bukalapak on Tuesday reported revenue of 864 billion rupiah ($60.6 million) for the first half of 2021, up 35% year-on-year (YoY), on the back of strong growth in its online to offline (O2O) business. The IDX-listed company, which raised $1.5 billion in Indonesia’s biggest-ever IPO, also pared its losses during the period. Its… Continue reading Bukalapak pares net loss 25% in H1 2021, revenue surges 35% …