Author: Deal Street Asia Online News

Chinese investors-backed African startup OPay raises $400m funding led by SoftBank

OPay, an Africa-focused digital payment startup founded by a Chinese entrepreneur, said it has secured $400 million in its latest funding round led by SoftBank Vision Fund 2, valuing it at $2 billion. Other investors in the funding round include Sequoia Capital China, Source Code Capital, Meituan-backed fund Long-Z, Redpoint China and 3W Capital, OPay said in… Continue reading Chinese investors-backed African startup OPay raises $400m funding led by SoftBank

India: Khatabook raises $100m led by Tribe Capital, Moore Strategic Ventures

Kirana-tech startup, Khatabook, has raised $100 million as part of its Series C funding round, led by US-based venture capital firms Tribe Capital and Moore Strategic Ventures (MSV), it said on Tuesday. Other investors who participated as part of the round include Alkeon Capital and existing investors B Capital Group, Sequoia Capital, Tencent, RTP Ventures,… Continue reading India: Khatabook raises $100m led by Tribe Capital, Moore Strategic Ventures

India Digest: DealShare in talks to raise up to $200m; Tencent may back Pocket FM

Social e-commerce startup DealShare is reportedly in talks to raise up to $200 million in a fresh funding round at a valuation of about $1-1.2 billion. Separately, Tencent Holdings is in advanced talks to lead a $20-25 million funding round in Pocket FM. DealShare in talks to raise up to $200m Social e-commerce startup DealShare… Continue reading India Digest: DealShare in talks to raise up to $200m; Tencent may back Pocket FM

India’s latest unicorn Zetwerk plans to expand globally; eyes 2-5 acquisitions this year …

Zetwerk Manufacturing Businesses Pvt. Ltd, a contract manufacturer of capital and consumer goods, has become the latest startup to join the rapidly burgeoning ranks of Indian unicorns after raising $150 million in a funding round led by New York-based D1 Capital Partners. The round, which also saw the participation of new investors such as Avenir… Continue reading India’s latest unicorn Zetwerk plans to expand globally; eyes 2-5 acquisitions this year …

BlackRock Real Assets buys stake in Australian EV charging provider JOLT Charge

BlackRock Real Assets, the realty investment arm of global asset manager BlackRock, has acquired an equity stake in Australian electric vehicle charging provider JOLT Charge, according to an announcement. This marks the first investment in the EV charging sector by BlackRock Real Assets in the APAC region from its latest Global Renewable Power strategy. The… Continue reading BlackRock Real Assets buys stake in Australian EV charging provider JOLT Charge

SEC gives Chinese companies new requirements for US IPO disclosures

The U.S. Securities and Exchange Commission (SEC) has started to issue new disclosure requirements to Chinese companies seeking to list in New York as part of a push to boost investor awareness of the risks involved, according to a document reviewed by Reuters and people familiar with the matter. Some Chinese companies have now started to… Continue reading SEC gives Chinese companies new requirements for US IPO disclosures

Data Vantage: Startups secure growth-stage funding, new financial updates and more

More than a dozen Southeast Asian startups secured fresh capital last week, of which at least three bagged eight-digit funding, data compiled by DealStreetAsia – DATA VANTAGE shows. Confirming a story that DealStreetAsia broke earlier this month, Singapore-based fintech firm Honest Bank secured $19.7 million from a group of investors led by Insignia Ventures, regulatory… Continue reading Data Vantage: Startups secure growth-stage funding, new financial updates and more