Author: Deal Street Asia Online News

SG Digest: Frasers Logistics invests in Europe; Genesis MedTech Group gets funding

Frasers Logistics & Commercial Trust has bought six properties in Europe in a bid to capitalise on the e-commerce-driven demand for the logistics space. In a separate development, medical device maker Genesis MedTech Group raised an undisclosed amount in its Series B round led by private equity firm General Atlantic.  Frasers Logistics Trust invests in… Continue reading SG Digest: Frasers Logistics invests in Europe; Genesis MedTech Group gets funding

China’s Country Garden Services plans to raise $2b from share sale, bond issue

Country Garden Services Holdings Co Ltd said on Tuesday it plans to raise HK$15.5 billion ($2 billion) from a share sale and a convertible bond issue to fund merger and acquisition projects. The property management unit of developer Country Garden aims to sell 139.38 million new shares, or 4.35% of the enlarged share capital, to third party investors for HK$10.5 billion. They will be issued at HK$75.25 apiece, representing a 6% discount to Monday’s close of HK$80.05.… Continue reading China’s Country Garden Services plans to raise $2b from share sale, bond issue

SG’s Temasek backs US firm Forge Global’s $150m round

Singapore state-owned investment firm Temasek has backed global private securities marketplace Forge Global in its latest $150 million funding round, per an announcement. This brings the total capital raised by the US-headquartered company to over $250 million. The round also saw the participation of a slew of new and existing investors such as Wells Fargo… Continue reading SG’s Temasek backs US firm Forge Global’s $150m round

Inflection Point Ventures backs Glamplus and 25 more India deal updates

ResearchPremium Salon-focused SaaS platform Glamplus has raised about $273,972 (Rs 2 crore) in a pre-Series A funding round led by Inflection Point Ventures, it announced on Monday. Other investors who participated in the round included Anil G (co-founder & COO at Bounce), Sachin Khandelwal (MD & CEO at Sadhan Enterprise), Sravan Kumar (CEO at Transin),… Continue reading Inflection Point Ventures backs Glamplus and 25 more India deal updates

SoftBank Vision Fund 2 invests $250m in banking tech startup Zeta …

SoftBank Group Corp’s Vision Fund 2 has invested $250 million in Zeta, valuing it at $1.45 billion, the banking technology startup said on Monday. Zeta, founded in 2015, will use the proceeds of the Series C funding round to accelerate growth in the United States and Europe including scaling its operations, team, and platform. The… Continue reading SoftBank Vision Fund 2 invests $250m in banking tech startup Zeta …

S Korean AI tutor Riiid raises $175m from SoftBank to take its tech to public schools

Riiid Inc, a South Korean AI tutorial startup, on Monday said it raised $175 million from SoftBank Group Corp’s Vision Fund 2 as it looks to shake up the world of standardized testing, and take its technology to public schools. Venture capital’s funding of education tech surged with the pandemic to $16.1 billion globally in… Continue reading S Korean AI tutor Riiid raises $175m from SoftBank to take its tech to public schools

China’s Huayou, EVE Energy to invest $2.1b in Indonesia nickel project

China’s Zhejiang Huayou Cobalt Co said on Monday it would partner electric vehicle battery maker EVE Energy and others in a $2.08 billion nickel and cobalt project in Indonesia. The company is also splashing out $210 million on a stake in Chinese battery materials producer Tianjin B&M Science and Technology Co (B&M) as it makes investments across… Continue reading China’s Huayou, EVE Energy to invest $2.1b in Indonesia nickel project