The venture capital firm, which has backed startups like Open, Jupiter, Koo, among others, has elevated Anurag Ramdasan to partner and announced the appointment of Nruthya Madappa as principal. It has also elevated heads of various functions to Principals in the firm. Names include Richard Pinto, Yash Baid, and Ashwini Thulsaram. “We also strongly believe… Continue reading Indian VC firm 3one4 Capital expands leadership team with key appointments
Author: Deal Street Asia Online News
China halts over 40 IPOs amid regulatory probe into law firm, broker
Chinese bourses have halted more than 40 initial public offerings (IPOs) in Shanghai and Shenzhen amid a regulatory probe into several intermediaries in the deals, according to official exchange disclosures. The Shenzhen Stock Exchange suspended more than 30 IPOs, including public share sale plans by BYD Co‘s chip unit, on Aug. 18, according to exchange filings.… Continue reading China halts over 40 IPOs amid regulatory probe into law firm, broker
China’s V Fund secures first close of new RMB fund V Fu…
V Fund, a private equity investment management company that specialises in industrial technology and intelligent manufacturing, has secured the first close of a new RMB fund. The firm did not disclose the financial details of the transaction, however, it said its assets under management (AUM) now stand at over 10 billion yuan ($1.5 billion), following the… Continue reading China’s V Fund secures first close of new RMB fund V Fu…
MDI Ventures-backed Indonesian IT services firm Run System plans local IPO …
Indonesian IT services firm PT Global Sukses Solusi Tbk (Run System), a portfolio company of Telkom Group-backed MDI Ventures, is targeting to raise funds through an initial public offering on the local stock exchange, per a company statement. Run System is seeking up to Rp 50 billion ($3.47 million), by issuing new shares, with a… Continue reading MDI Ventures-backed Indonesian IT services firm Run System plans local IPO …
Asia Digest: Australia-listed SEEK invests $48m in JobKorea; SOSV backs 6 startups
Australia-listed tech company SEEK Limited has announced a $48-million investment in JobKorea while six startups have raised $150,000 in funding from consumer-tech programme SOSV MOX. SEEK acquires 10% stake in JobKorea Australia-listed tech company SEEK Limited (SEEK) has announced an investment of $48 million in online recruitment platform JobKorea, according to an announcement. SEEK, which… Continue reading Asia Digest: Australia-listed SEEK invests $48m in JobKorea; SOSV backs 6 startups
Greater China Digest: XREX snags $17m; China Three Gorges acquires Alcazar
Taiwan-based fintech firm XREX Circles has garnered $17 million in a pre-Series A round funding led by CDIB Capital. In a separate development, China Three Gorges has acquired Dubai-based Alcazar Energy Partners (AEP). Taiwan’s XREX snags $17m in pre-Series A Taipei-headquartered crypto-fiat fintech firm XREX has closed a $17 million pre-Series A funding round, it… Continue reading Greater China Digest: XREX snags $17m; China Three Gorges acquires Alcazar
Redpoint China hits first close of RMB Fund II at $102m to back early-stage startups …
Redpoint China Ventures has reached the first close of its second Chinese yuan fund at 660 million yuan ($101.7 million) to invest in early-stage startups in corporate IT services and advanced technologies, the firm announced on Monday. The China team of Silicon Valley venture capital firm Redpoint Ventures said that the first close was backed… Continue reading Redpoint China hits first close of RMB Fund II at $102m to back early-stage startups …
India: IPO-bound Paytm partners with HDFC Bank for financial solutions
The fusion of HDFC Bank’s network, products, and credit appraisal capabilities and Paytm’s technological platform will accelerate digital transformation in semi-urban and rural India, while bringing more people into formal banking channels, the two companies said. The strategic partnership with the country’s largest private bank comes ahead of the proposed initial public offering (IPO) of Paytm,… Continue reading India: IPO-bound Paytm partners with HDFC Bank for financial solutions
Tiger Global, SoftBank invest in Chinese e-invoicing firm HOSE EKUAIBAO’s $154m Series D
Beijing-based e-invoicing firm HOSE EKUAIBAO has raked in 1 billion yuan ($154 million) in a Series D round led by SoftBank Vision Fund 2, the investee announced on Monday. It brings the total corpus raised by the company to over 1.5 billion yuan ($231 million). A slew of existing investors participated in the round including… Continue reading Tiger Global, SoftBank invest in Chinese e-invoicing firm HOSE EKUAIBAO’s $154m Series D
Australia’s Ampol makes $1.3b bid for New Zealand fuel supplier Z Energy
Australia’s top fuel supplier Ampol Ltd made a NZ$1.97 billion ($1.34 billion) takeover bid for New Zealand peer Z Energy, valuing it at a 24% premium to its last closing price, the companies said on Monday. Z Energy said it will open its books to Ampol following the NZ$3.78 a share buyout offer, which it said followed three previous… Continue reading Australia’s Ampol makes $1.3b bid for New Zealand fuel supplier Z Energy