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 …
Author: Deal Street Asia Online News
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
KKR-led consortium to acquire Australia’s Spark Infra in $3.78b deal
A consortium that included private equity giant KKR & Co and Canadian pension funds Ontario Teachers and PSP Investments is acquiring Australia’s Spark Infrastructure in a deal that values the company at A$5.2 billion (about $3.78 billion). In a statement Monday, Spark Infrastructure, which operates an electricity distribution network in Southern Australia, said it has… Continue reading KKR-led consortium to acquire Australia’s Spark Infra in $3.78b deal
People Digest: Binance Singapore names CEO; Deutsche Bank appoints APAC wealth solutions head
Binance Singapore has appointed Richard Teng as Chief Executive Officer while Deutsche Bank has appointed Dominique Jooris as head of wealth solutions coverage for Asia-Pacific. Binance Singapore appoints CEO Binance Singapore, the fiat-to-crypto platform for trading of cryptocurrencies in Singapore Dollars (SGD), has announced the appointment of Richard Teng, former chief of Financial Services Regulatory… Continue reading People Digest: Binance Singapore names CEO; Deutsche Bank appoints APAC wealth solutions head
Ola, Ola Electric have plans to go public next year, says CEO Bhavish Aggarwal …
Indian ride hailing aggregator Ola has plans to go public sometime next year, but a final date for the initial public offering (IPO) is yet to be decided, said chairman and group CEO Bhavish Aggarwal. Both Ola and Ola Electric, the electric mobility arm of the group, have adequate capital and balance sheets and will go public in… Continue reading Ola, Ola Electric have plans to go public next year, says CEO Bhavish Aggarwal …
Vertex’s Chua Kee Lock on bonds, deal-making and the Temasek relationship
Premium Vertex Holdings isn’t your typical venture capital investor. Few VC firms can boast of having Singapore state investor Temasek as a committed limited partner (LP) on its board. Even fewer are in a position to influence Southeast Asian venture capital the way it has. Go to Source
ESR-ARA combination offers investors capital recycling opportunity, exposure to e-commerce boom
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 ESR-ARA combination offers investors capital recycling opportunity, exposure to e-commerce boom
Indian auto classifieds platform CarTrade lists at discount to issue price
The stock touched a high and a low of ₹1610 and ₹1476 respectively intraday. “We have to see how the CarTrade IPO will perform because retail investors’ interest has come down significantly amid a correction in midcap and small-cap space but we saw decent subscription numbers by HNIs on the last day,” an analyst said on a… Continue reading Indian auto classifieds platform CarTrade lists at discount to issue price