This marks BharatPe’s seventh debt fundraise, taking the total debt raised by the company to over ₹500 crore (or roughly around $70 million). The company plans to raise a total of $250 million in debt by the end of fiscal year 2021-2022 (FY22). Earlier this year, BharatPe had raised over ₹300 crore from top venture debt funds… Continue reading BharatPe raises $27m debt funding from IIFL Wealth and Northern Arc …
Author: Deal Street Asia Online News
Indonesia’s GoTo closes in on $2b funding round, IPO may be delayed to 2022
Indonesia’s biggest tech group GoTo is set to complete a pre-IPO funding exercise to raise up to $2 billion in the next few weeks, but regulatory delays threaten to push its listing plans to early next year, three sources familiar with the matter said. The delay comes as the southeast Asian nation’s Financial Services Authority… Continue reading Indonesia’s GoTo closes in on $2b funding round, IPO may be delayed to 2022
India: KKR-backed Avendus secures first close of Future Leaders Fund II at $78m
Financial services firm Avendus on Thursday announced that it has achieved the first close of its Future Leaders Fund II with aggregate commitments of about $78 million (Rs 584 crore). The fund, a Category-II AIF registered with Sebi, is targeting to raise Rs750 crore with a green-shoe option of another Rs500 crore. The fund has… Continue reading India: KKR-backed Avendus secures first close of Future Leaders Fund II at $78m
Despite widening losses, analysts and retail investors bet big on Sea Ltd
The shares of Singapore-based Sea Ltd have continued their northward journey on the New York Stock Exchange (NYSE), despite the e-commerce and gaming giant reporting a widening of losses in the second quarter (Q2) of this year. Sea Ltd’s shares closed at $318.61 apiece on Wednesday, following the group’s quarterly results announcement, up more than… Continue reading Despite widening losses, analysts and retail investors bet big on Sea Ltd
India: Bain-backed Emcure Pharmaceuticals eyes $672m IPO …
India’s Emcure Pharmaceuticals has filed draft papers with the market regulator for an initial public offering, which a source with direct knowledge of the matter said could be worth up to 50 billion rupees ($671.89 million). Emcure is the latest Indian company to tap capital markets this year in a fund-raising frenzy driven by abundant liquidity and record-high… Continue reading India: Bain-backed Emcure Pharmaceuticals eyes $672m IPO …
China Evergrande in talks with Xiaomi consortium to sell EV unit stake
Embattled Chinese property developer Evergrande Group is in talks with smartphone maker Xiaomi and Shenzhen state-backed investment firms as it looks to sell part of a 65% stake in its electric vehicle (EV) unit, three sources said. The Evergrande New Energy Vehicle (NEV) Group had a market capitalisation of $12.5 billion on Thursday and one of the sources said… Continue reading China Evergrande in talks with Xiaomi consortium to sell EV unit stake
US-based Apeel raises $250m Series E round led by return backer Temasek
US-based food system innovation player Apeel has raised $250 million in its Series E funding round led by return investor Temasek Holdings, according to a company statement. Singapore’s sovereign wealth fund GIC, which is also an existing investor, joined the latest round. The company’s valuation has touched over $2 billion and its total funding to… Continue reading US-based Apeel raises $250m Series E round led by return backer Temasek
Asia Digest: Gojek launches GoCar in Vietnam; Shandi raises $700k; Quadrant buys Papinelle
Gojek has officially introduced GoCar, its four-wheel ride-hailing service, in Ho Chi Minh City while Quadrant Private Equity has acquired Australian women’s sleepwear brand Papinelle. Meanwhile, Singapore-based foodtech startup Shandi has raised more than $700,000 in a second seed funding round led by Tolaram Group. Gojek launches GoCar in Vietnam Indonesian tech giant Gojek has… Continue reading Asia Digest: Gojek launches GoCar in Vietnam; Shandi raises $700k; Quadrant buys Papinelle
Salesforce Ventures leads funding in Hashnode and nine more India deal updates
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Chinese AI startup SenseTime to file for Hong Kong IPO by end-August
Chinese artificial intelligence startup SenseTime is planning to file for an up to $2 billion initial public offering (IPO) in Hong Kong as soon as the end of this month, three people with direct knowledge of the deal told Reuters. The company, which Washington put on a trade blacklist in October 2019, has hired Chinese investment banks… Continue reading Chinese AI startup SenseTime to file for Hong Kong IPO by end-August