Neo4j, one of the leaders in graph technology, has raised $325 million in a Series F funding round led by Eurazeo with participation from GV (formerly Google Ventures), according to an announcement. This new round brings the company’s valuation to over $2 billion. Existing investors One Peak (an investor since 2018), Creandum (an investor since 2014),… Continue reading US-based Neo4j raises $325m in Series F funding round led by Eurazeo, GV …
Author: Deal Street Asia Online News
India’s central bank approves takeover of fraud-hit PMC Bank
The Reserve Bank of India has given its in-principle approval to Centrum Financial Services Limited to take over the troubled Punjab and Maharashtra Co-operative Bank, it said in a statement on Friday. Financial services firm Centrum will be allowed to set up a small finance bank (SFBs) with the PMC takeover. SFBs are niche lenders… Continue reading India’s central bank approves takeover of fraud-hit PMC Bank
SG Digest: IMC Ventures partners PIER71; Argus Global merges with 3 other providers
Singapore-based IMC Ventures is partnering with PIER71 to nurture the maritime and supply chain ecosystem in the city-state while UK-based Waystone is merging Singapore-based Argus Global with three other service providers. IMC Ventures and PIER71 tie-up to boost Singapore’s maritime ecosystem Singapore-based venture capital firm IMC Ventures, which focuses on investments in the maritime and… Continue reading SG Digest: IMC Ventures partners PIER71; Argus Global merges with 3 other providers
GIC-backed consultancy firm ThoughtWorks’ parent confidentially files for US IPO …
Software consultancy company ThoughtWorks Inc said on Thursday that its parent Turing Holding Corp. had confidentially submitted paperwork for an initial public offering in the United States. ThoughtWorks, which helps firms digitize their operations, was valued at $4.6 billion after a $720 million funding round in January from investors including Singapore’s sovereign wealth fund GIC and Germany-based… Continue reading GIC-backed consultancy firm ThoughtWorks’ parent confidentially files for US IPO …
CPE-backed Chinese hair transplant clinic chain Yonghe files for HK IPO
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 CPE-backed Chinese hair transplant clinic chain Yonghe files for HK IPO
India: Paytm to issue fresh equity shares worth $1.6b before IPO
Among other proposals, Paytm founder Vijay Shekhar Sharma is also expected to be declassified from his status as ‘promoter’ of the company, in accordance with public listing rules set out by markets regulator, Securities and Exchange Board of India (Sebi). The proposal, among others, will be put to vote at the company’s extra-ordinary general meeting… Continue reading India: Paytm to issue fresh equity shares worth $1.6b before IPO
Weekly Roundup: PH-based Yield Guild Games raises $4m and other SE Asia deals
Research Yield Guild Games, a Philippines-based online gaming guild that allows players to earn cryptocurrency rewards, has raised $4 million in a Series A funding round led by BITKRAFT Ventures, a gaming, esports, and interactive media-focused venture capital investor. Go to Source
Chinese used car dealer Uxin to raise $315m from investors …
NIO Capital, the technology fund backed by Chinese electric vehicle (EV) brand NIO, and investment firm Joy Capital have agreed to inject a total of $315 million into Uxin Limited, a Nasdaq-listed Chinese online used car dealer. Concurrently, Beijing-based Uxin agreed with its convertible notes’ holders, including online classifieds marketplace 58.com, as well as private… Continue reading Chinese used car dealer Uxin to raise $315m from investors …
China tells Meituan billionaire chairman to lie low after poem furore
China has advised Meituan Chairman and CEO Wang Xing to keep a low profile after he posted an ancient poem last month that sparked a social media furore and sent the food delivery firm’s shares plummeting, Bloomberg News reported on Friday. Government officials summoned the founder of China‘s third-largest tech firm to a meeting recently and told him to refrain from courting the spotlight, at least temporarily, Bloomberg reported, citing… Continue reading China tells Meituan billionaire chairman to lie low after poem furore
US commission votes to advance ban on Huawei, ZTE telecom gear …
The US Federal Communications Commission voted unanimously on Thursday to advance a plan to ban approvals for equipment in US telecommunications networks from Chinese companies deemed national security threats like Huawei and ZTE. Under proposed rules that won initial approval, the FCC could also revoke prior equipment authorizations issued to Chinese companies. A Huawei spokesperson,… Continue reading US commission votes to advance ban on Huawei, ZTE telecom gear …