Author: Deal Street Asia Online News

New Zealand’s Komodo, Pakistan’s Walee bag seed funding

New Zealand-based student well-being platform Komodo has snagged $1.27 million in a seed round led by Folklore Ventures, while Pakistani influencer marketing platform Walee has raised $2.7 million in a seed round from communications firm Z2C. Komodo raises $1.27m in seed funding New Zealand-based student well-being platform Komodo has raised NZ $1.8 million ($1.27 million)… Continue reading New Zealand’s Komodo, Pakistan’s Walee bag seed funding

Japanese venture investor Coral Capital raises $128m for third fund

Tokyo-based venture capital firm Coral Capital, formerly known as 500 Startups Japan, announced that it has reached the final close of its latest venture fund at $128 million. The new fund – Coral Capital III – will continue to invest in seed and early-stage companies in Japan. The vehicle, which will have a longer life,… Continue reading Japanese venture investor Coral Capital raises $128m for third fund

China’s market regulator proposes changes to e-commerce law

China’s market regulator proposed amendments to the country’s e-commerce law, saying that licences can be revoked if the platforms fail to take necessary measures against vendors who infringe intellectual property rights. The former version of the law says the platforms would be fined between 50,000 yuan and 2 million yuan for such offenses. The amendments are open for public review before Oct. 14, the State… Continue reading China’s market regulator proposes changes to e-commerce law

Asia Digest: Quadrant PE raises $390m for latest fund; Toranotec secures $26.4m …

Australia’s Quadrant Private Equity has reportedly closed its second growth capital fund at $390 million while Japanese fintech firm Toranotec secured $26.4 million in its Series C funding round. Australia’s Quadrant PE raises $390m for second growth capital fund Quadrant Private Equity, one of Australia’s busiest buyout firms, has secured A$530 million ($390 million) in… Continue reading Asia Digest: Quadrant PE raises $390m for latest fund; Toranotec secures $26.4m …

mm2 Asia inks deal to sell COVID-hit cinema business to Kingsmead for $63m

The Singapore entertainment company mm2 Asia has entered into an agreement with local investment firm Kingsmead Properties to sell its cinema business, mm2 Connect, for S$84.8 million ($63 million). mm2 Asia operates the Cathay chain of cinemas in the city-state. The deal will require approval from the regulators, as well as approval from shareholders at… Continue reading mm2 Asia inks deal to sell COVID-hit cinema business to Kingsmead for $63m

India: Despite rising markets in 2021, fundraising via QIPs lags behind IPOs

More Indian companies raised capital through initial public offerings in 2021 than via qualified institutional placements (QIPs), indicating a trend reversal from 2020 when QIPs dominated the market. So far this year, 26 companies have raised ₹31,781 crore through QIPs. That compares with ₹60,288 crore raised through IPOs by 36 companies, data from Prime Database… Continue reading India: Despite rising markets in 2021, fundraising via QIPs lags behind IPOs

Prosus acquires Indian payments company BillDesk for $4.7b

Global consumer internet group and technology investor Prosus NV announced on Tuesday that an agreement has been reached between PayU and the shareholders of the Indian digital payments provider BillDesk to acquire BillDesk for $4.7 billion. The proposed acquisition will see PayU, the payments and fintech business of Prosus which operates in more than 20… Continue reading Prosus acquires Indian payments company BillDesk for $4.7b

Indian debt platform Northern Arc Capital raises $50m from Japan’s JICA

Northern Arc Capital, a debt platform, on Tuesday announced that it has concluded a $50 million (about ₹365 crore) external commercial borrowing (ECB) transaction with the Japanese International Cooperation Agency (JICA), the company said in a statement. JICA is Japan’s governmental agency that works towards promoting economic and social growth in developing countries. Northern Arc… Continue reading Indian debt platform Northern Arc Capital raises $50m from Japan’s JICA