Author: Deal Street Asia Online News

Blackstone said to be in talks to acquire SG’s Interplex for $1b: Report …

US investment major Blackstone is reportedly in talks to acquire Interplex, a Singapore-based precision components company, from Baring Private Equity Asia (BPEA), for at least $1 billion. A Bloomberg report, which quoted people familiar with the matter, said Blackstone is currently laying out the details of the transaction, although final negotiations could still take weeks.… Continue reading Blackstone said to be in talks to acquire SG’s Interplex for $1b: Report …

PropertyGuru set to ramp up data, software services to boost marketplace lead

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 PropertyGuru set to ramp up data, software services to boost marketplace lead

Indonesian home decor platform Dekoruma snags $15m in Series C1 round

Indonesia’s home and living platform Dekoruma has raised $15 million in its Series C1 round of funding led by Nexter Ventures by SCG Cement-Building Materials and KTB Network, according to a company statement. Existing investors including GDN, OCBC NISP Ventura, and Foundamental joined the round.  Set up in 2016 as a furniture marketplace, Dekoruma’s platform… Continue reading Indonesian home decor platform Dekoruma snags $15m in Series C1 round

Baidu’s AI voice assistant Xiaodu closes funding at $5.1b valuation

Chinese tech giant Baidu Inc said on Tuesday its artificial intelligence (AI) voice assistant Xiaodu Technology has closed Series B financing at a $5.1 billion valuation. This comes in the midst of a regulatory crackdown on the tech industry by the Chinese authorities that has led to an upheaval in many sectors including as e-commerce,… Continue reading Baidu’s AI voice assistant Xiaodu closes funding at $5.1b valuation

India: Premium products discovery startup Smytten raises $6m led by Fireside

Smytten, online platform for consumer product discovery and trials, on Tuesday announced that it has raised $6 million in Series A funding led by Fireside Ventures. The round saw participation from Sharrp Ventures (Mariwala family office), Survam Partners (Suman Kant Munjal family office), and Waao Partners (Pratul Shroff family office). Existing investor Roots Ventures also… Continue reading India: Premium products discovery startup Smytten raises $6m led by Fireside

India’s ReNew Power completes SPAC merger with RMG II

ReNew Power Private Ltd on Tuesday announced the completion of its merger with Nasdaq-listed special purpose acquisition company (SPAC) RMG Acquisition Corp. II (RMG II). The merger puts an enterprise value of around $8 billion and an equity value of $4.4 billion on the new entity, ReNew Energy Global Plc. SPACs are publicly traded shell… Continue reading India’s ReNew Power completes SPAC merger with RMG II