Cloud telephony platform Exotel on Wednesday announced that it has received a fresh infusion of about $6 million while revenue-based growth capital firm N+1 Capital has hit the first close of its maiden fund. A91 Partners, Blume back Exotel Cloud telephony platform Exotel on Wednesday announced that it has received a fresh infusion of about… Continue reading India Digest: A91 Partners, Blume back Exotel; N+1 Capital hits first close of maiden fund
Author: Deal Street Asia Online News
SEA Digest: SG’s Nexif Energy partners RATCH; KDDI backs Indonesia’s Qlue
Denham Capital-backed power company Nexif Energy has formed a 50:50 partnership with RATCH Group to operate a wind power plant in Vietnam while Japanese telecom giant KDDI Corp. has invested in smart city platform provider PT. Qlue Performa Indonesia. Nexif Energy partners with RATCH Group Nexif Energy, the Australian and Southeast Asian power company backed… Continue reading SEA Digest: SG’s Nexif Energy partners RATCH; KDDI backs Indonesia’s Qlue
India: Sequoia-backed BharatPe strengthens its leadership team with new hire
Merchant-focused fintech, BharatPe, on Wednesday announced the appointment of Amit Jain as its chief risk officer. Jain is the third senior addition to BharatPe’s leadership team this year. It had also roped in former chief executive of loyalty platform Payback, Gautam Kaushik, to lead its payments business, and appointed former partner at Amarchand Mangaldas, Sumeet… Continue reading India: Sequoia-backed BharatPe strengthens its leadership team with new hire
Browser testing platform LambdaTest raises $16m Series B led by Sequoia India …
Other investors who participated as part of the round include Telstra Ventures, and Wamda Capital. The fresh fundraise comes just six months after the company had raised $6 million as part of its series A round led by Sequoia Capital India’s accelerator programme, Surge. According to the company, it will use the capital raised to… Continue reading Browser testing platform LambdaTest raises $16m Series B led by Sequoia India …
ICG acquires Australian real estate debt investor Newground
London-listed global alternative asset manager Intermediate Capital Group (ICG) announced on Tuesday that it has acquired the Australian real estate debt investor Newground Capital Partners (Newground) for an undisclosed amount. The newly acquired business, which will trade as ICG-Newground, will underwrite loans of A$30-200 million ($23-154 million) to owners of value-add, stabilised, and construction assets,… Continue reading ICG acquires Australian real estate debt investor Newground
In another digital currency trial, China’s central bank to give out free eCNY by lottery
China’s capital Beijing will launch a lottery in June giving out free online wallets containing 200 digital yuan ($31.34) to winners, in another trial for the central bank’s eCNY, according to a notice on the city’s government website. The “red envelopes” — a reference to China’s traditional way of gifting cash — will be distributed to 200,000 lottery… Continue reading In another digital currency trial, China’s central bank to give out free eCNY by lottery
China’s Primavera raises $546.7m for USD Fund IV, targets $5b hard cap
Premium Chinese private equity (PE) firm Primavera Capital Group has raised $546.7 million for its fourth US dollar fund, shows its latest filing with the US Securities and Exchange Commission (SEC), while the firm is reportedly targeting a hard cap of up to $5 billion. Go to Source
Malaysian telco Axiata and RHB Banking to jointly bid for digital banking licence
Malaysian teleco Axiata Group Bhd and RHB Banking Group announced on Wednesday that they have formed a consortium to apply for a digital banking licence in the country. Boost Holdings, Axiata’s subsidiary that operates an e-wallet, will own 60%, while RHB, the country’s fourth-largest banking group, will own the rest of the digital bank, subject… Continue reading Malaysian telco Axiata and RHB Banking to jointly bid for digital banking licence
India: IT firm Accenture to acquire consulting firm Nell’Armonia, Novetta …
Global technology major Accenture said it has entered an agreement to acquire Paris-based technology consulting firm Nell’Armonia to strengthen its position in the enterprise performance management (EPM) market, leveraging cloud and data to help clients navigate digital transformation. Nell’Armonia complements Accenture’s existing capabilities and will enhance its ability to address clients’ needs for analytics-based insights… Continue reading India: IT firm Accenture to acquire consulting firm Nell’Armonia, Novetta …
Feiyu.Live bags $30m and 17 more deal updates from Greater China
ResearchPremium Feiyu.Live, a second-hand luxury live-streaming e-commerce channel, has raised nearly $30 million in a Series B round jointly led by an undisclosed dollar fund and returning investor N5 Capital, that invests in mobile internet, big data, and consumer sectors. Go to Source