Author: Deal Street Asia Online News

Temasek-backed alt protein startup Next Gen eyes expansion in the West

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-backed alt protein startup Next Gen eyes expansion in the West

India: Xponentia Capital marks final close of its first fund

The final close of the fund was made earlier this year, said P.R. Srinivasan, Xponentia Capital’s designated partner. Xponentia Capital had not officially disclosed its target corpus, people familiar with the development had told VCCircle in 2018 that the private equity firm had planned to raise more than ₹1,000 crore. The private equity firm could not raise more… Continue reading India: Xponentia Capital marks final close of its first fund

Carlyle said to emerge as preferred bidder for Baring PE’s Hexaware in $3b deal …

Global private equity firm Carlyle Group has emerged as the preferred bidder for Baring Private Equity Asia’s (BPEA) Indian portfolio Hexaware Technologies in a $3 billion deal, two people with knowledge of the situation said. If successful, Carlyle would be winning a competitive bidding process against peer firms including KKR & Co and Bain Capital,… Continue reading Carlyle said to emerge as preferred bidder for Baring PE’s Hexaware in $3b deal …

SoftBank-backed ride-sharing company Ola said to prepare for up to $1b India IPO

Indian ride-sharing giant Ola plans to raise up to $1 billion through an initial public offering (IPO) and is finalising banks to advise on the fund-raise, three sources told Reuters, becoming the latest startup to join the capital markets boom. Ola, backed by Japan’s SoftBank Group, has roped in Citigroup, two people with direct knowledge of the… Continue reading SoftBank-backed ride-sharing company Ola said to prepare for up to $1b India IPO

Mubadala joins Dutch same-day delivery platform Dostavista’s $35m Series C round

Amsterdam-based same-day delivery platform Dostavista, the operator of MrSpeedy in Southeast Asia, has raised a $35 million Series C investment and re-branded itself as Borzo. Investors in the Series C round include Abu Dhabi state fund Mubadala, Swedish tech investor VNV Global, Russian Direct Investment Fund, and the UK-based Flashpoint Venture Capital. The company has… Continue reading Mubadala joins Dutch same-day delivery platform Dostavista’s $35m Series C round

Chinese regulator says it will tighten oversight of sharing economy

China’s market regulator said on Monday it would step up oversight of the so-called sharing economy, where consumers share access to goods and services often with the help of an online platform. The move by the State Administration of Market Regulation (SAMR) is the latest in a drive by Beijing to strengthen control over its… Continue reading Chinese regulator says it will tighten oversight of sharing economy

Asia Digest: Korea’s Urbanbase bags $11.1m; Australia’s Relectrify raises funds …

Korea’s Urbanbase, which develops VR and AR tools used in interior planning and design, has raised $11.1 million of fresh funds, while Australia’s Relectrify has raised a growth investment round. Urbanbase bags Series B+ funding Seoul-based Urbanbase, which develops 3D spatial tools, has landed $11.1 million in a Series B+ funding round led by new investor… Continue reading Asia Digest: Korea’s Urbanbase bags $11.1m; Australia’s Relectrify raises funds …

People Digest: Binance Australia appoints CEO; SG’s UOB adds two directors

Cryptocurrency major Binance has appointed Leigh Travers as its Australia chief executive officer while Singapore’s United Overseas Bank has announced two directors joining its board. Binance Australia appoints CEO Binance has appointed Leigh Travers as its Australia chief executive officer (CEO), according to an announcement. The appointment follows Binance Singapore naming Richard Teng, a former… Continue reading People Digest: Binance Australia appoints CEO; SG’s UOB adds two directors