Author: Deal Street Asia Online News

Affirma Capital to lead $47m investment round in Indian NBFC Belstar Microfinance

Singapore-based private equity firm Affirma Capital has reached an agreement to lead a Rs 350 crore ($47 million) funding in Indian non-bank financial company Belstar Microfinance, according to an announcement. Affirma Capital will invest Rs 300 crore ($40.4 million) out of the total. Belstar’s parent firm Muthoot Finance, as well as existing investor Danish asset… Continue reading Affirma Capital to lead $47m investment round in Indian NBFC Belstar Microfinance

Softbank-backed car sharing startup Getaround in SPAC merger talks

Getaround, a car-sharing startup backed by SoftBank Group Corp, is in talks to go public through a merger with special purpose acquisition company (SPAC) Altitude Acquisition Corp, people familiar with the matter said. The company has confidentially sought investors to participate in the deal through a private placement in public equity, or PIPE, at a… Continue reading Softbank-backed car sharing startup Getaround in SPAC merger talks

Ant Group invests $15m in Chope, buys call options to own 40% stake …

Cherry Huang, general manager of global merchant partnership, South and Southeast Asia at Alipay, and Arrif Ziaudeen, CEO of Chope. Source: Chope. Premium Singapore-based food and beverage startup Chope has secured $15 million from Ant Group as part of its Series E round, according to regulatory filings seen by DealStreetAsia – DATA VANTAGE.  Go to Source

Buffett-backed Brazilian lender Nubank to seek IPO valuation of over $55b

Brazil’s Nubank is seeking a valuation in its planned U.S. initial public offering that would push the eight-year-old fintech past the $55.4 billion value of the country’s top traditional lender, two sources familiar with the matter said. In a recent funding round led by Warren Buffett‘s Berkshire Hathaway Inc, Nubank was valued at $30 billion. With… Continue reading Buffett-backed Brazilian lender Nubank to seek IPO valuation of over $55b

Southeast Asia’s VCs report lacklustre fundraising performance in Q2

Southeast Asia-based venture capital (VC) firms witnessed muted fundraising during the second quarter, with only two venture funds holding a final close, finds the latest report by DealStreetAsia – DATA VANTAGE. As a result of a subdued Q2, VC fundraising performance – measured in terms of both volume and value – in the first half… Continue reading Southeast Asia’s VCs report lacklustre fundraising performance in Q2

Chinese chipmaker Metax lands $155m from Sequoia, Matrix Partners, others …

Shanghai-based Metax, a maker of graphics processing unit (GPU) chips, announced on Wednesday that it has garnered 1 billion yuan ($155 million) in a Series A round of financing. The fresh round was co-led by China Structural Reform Fund Corporation Limited, a 350 billion yuan ($15 billion), state-owned fund that has received investments from China… Continue reading Chinese chipmaker Metax lands $155m from Sequoia, Matrix Partners, others …

BGH-owned Abano to buy 84% stake in Australia dentistry business 1300Smiles

Dental clinics operator Abano Healthcare Group Ltd has agreed to acquire 84% stake in Australian dental roll-up 1300Smiles for an enterprise valuation of A$165 million ($120 million), according to an announcement. The acquisition was conducted through Adams Aus Bidco Pty Limited (Abano Bidco), a member of the Abano Healthcare Group (Abano Healthcare). “Abano Healthcare is… Continue reading BGH-owned Abano to buy 84% stake in Australia dentistry business 1300Smiles