Author: Deal Street Asia Online News

KKR to make first infrastructure investment in NZ, to acquire Ritchies Transport

Global asset manager KKR will acquire New Zealand-based Ritchies Transport Limited as its first infrastructure investment in New Zealand, according to an announcement. KKR is making the investment from its KKR Asia Pacific Infrastructure Fund. Other details of the transaction were not disclosed. The firm said the Ritchie family, which founded Ritchies in 1935, will… Continue reading KKR to make first infrastructure investment in NZ, to acquire Ritchies Transport

LACERS commits to invest up to $50m in Orchid Asia’s $1.6b eighth fund

FILE PHOTO: The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter/File Photo Premium The Los Angeles City Employees’ Retirement System (LACERS) has committed to invest up to $50 million in China-focused private equity fund Orchid Asia VIII, according to the pension’s board meeting document on August 24. Go to Source

Photo and video editing app Picsart turns unicorn after SoftBank-led $130m funding …

Picsart, a photo and video editing app, was valued at over $1 billion on Thursday after SoftBank Vision Fund 2 led a $130 million funding round in the San Francisco-based company. Venture capital firms GSquared and Tribe Capital also took part in the Series C round, along with existing investors Sequoia Capital, DCM, Graph and… Continue reading Photo and video editing app Picsart turns unicorn after SoftBank-led $130m funding …

JD.com said to be in advanced talks to buy controlling stake in China Logistics

Chinese e-commerce giant JD.com Inc is in advanced talks to acquire a controlling stake in storage facilities manager China Logistics Property Holdings Co for an undisclosed sum, Bloomberg News reported on Thursday, citing people familiar with the matter. China Logistics Chairman Li Shifa and private equity firm RRJ Capital have put more than 50% of the firm… Continue reading JD.com said to be in advanced talks to buy controlling stake in China Logistics

SG’s F&B sector-focused SaaS platform Momos raises $6.5m seed round …

Momos, a Singapore-based SaaS platform for the F&B industry, has raised $6.5 million in a seed funding round co-led by Sequoia Capital India and Alpha Wave Incubation (AWI), according to an announcement.  Global investors K3 Ventures, Captii Ventures, Hong-Kong-based Integrated Capital, HOF Capital, JIA Group, and leading angel investors from global food delivery and software… Continue reading SG’s F&B sector-focused SaaS platform Momos raises $6.5m seed round …

Malaysia’s Top Glove plans to renew lapsed HKEX listing application

Malaysian glovemaker Top Glove Corp plans to renew its lapsed application to list in Hong Kong and pursue a dual primary listing, a stock market filing showed on Thursday. Its plans were delayed, sources told Reuters in June, as Top Glove sought to resolve a U.S. import ban on its products because of forced labour… Continue reading Malaysia’s Top Glove plans to renew lapsed HKEX listing application

Xiaomi revenue surges 64%, announces autonomous driving expansion

Smartphone maker Xiaomi Corp’s second-quarter revenue rose a record 64% from a year earlier, it said on Wednesday, announcing the purchase of an autonomous driving startup as it prepares to expand into the competitive market. Sales reached 87.8 billion yuan ($13.56 billion), up from 53.54 billion a year earlier and beating analyst expectations of 84.53 billion yuan.… Continue reading Xiaomi revenue surges 64%, announces autonomous driving expansion

FMC Ventures, Omnivore lead funding in TartanSense and 10 India deal updates

ResearchPremium Bengaluru-based agritech robotics startup TartanSense has raised $5 million in its Series A funding round led by FMC Ventures and Omnivore, the firm announced on Wednesday. The financing also saw participation of existing investor Blume Ventures. This brings the total funds raised by the company to $7 million. Founded  in 2015 by Jaisimha Rao,… Continue reading FMC Ventures, Omnivore lead funding in TartanSense and 10 India deal updates

Indonesia Digest: Warung Pintar partners CICIL for BNPL; HIJUP launches $7m fund

Indonesia’s mom-and-pop-store focussed Warung Pintar Group has entered into a strategic partnership with fintech firm CICIL to develop a BNPL product, while HIJUP, an e-commerce platform for traditional muslim clothing, has launched a $6.92 million growth fund. Warung Pintar partners CICIL for BNPL Indonesia’s Warung Pintar Group, a B2B ecommerce platform focussed on warungs, or… Continue reading Indonesia Digest: Warung Pintar partners CICIL for BNPL; HIJUP launches $7m fund