Author: Deal Street Asia Online News

India Digest: Vedantu eyes $150m funding; Tiger Global may invest in Spinny …

Edtech startup Vedantu is in initial talks with several new investors to raise $150 million in a new funding round. Separately, Tiger Global is in talks to lead a funding round in Gurugram-based used car retailer Spinny. Vedantu eyes $150m fresh funding Edtech startup Vedantu is in initial talks with several new investors including Owl… Continue reading India Digest: Vedantu eyes $150m funding; Tiger Global may invest in Spinny …

Indonesia’s OTT firm Asia Vision Network merges with SPAC to launch US IPO …

Indonesia’s PT Asia Vision Network (AVN) announced its plans to go in for listing through a merger with NASDAQ-listed SPAC Malacca Straits Acquisition Company (MLAC). AVN, a wholly-owned subsidiary of MNC Vision Networks Tbk (IPTV), has submitted a draft to the US Securities and Exchange Commission on the same. The business combination is subject to… Continue reading Indonesia’s OTT firm Asia Vision Network merges with SPAC to launch US IPO …

Indonesian e-commerce firm Bukalapak seeks to raise up to $800m in IPO

Bukalapak, Indonesia’s No. 4 e-commerce firm, is keen to raise as much as $800 million in an IPO in August, two people with knowledge of the matter said, in what is likely to be the biggest by a startup in the Southeast Asian nation. Tapping a sharp pickup in investor interest in Southeast Asia’s rapidly… Continue reading Indonesian e-commerce firm Bukalapak seeks to raise up to $800m in IPO

Indian private sector lender ICICI Bank raises capital by issuing bonds

People stand in line to exchange Indian five hundred and one thousand rupee banknotes at an ICICI Bank Ltd. branch in New Delhi, India, on Thursday, Nov. 10, 2016. Photographer: Anindito Mukherjee/Bloomberg Private sector lender ICICI Bank has raised more than ₹2,827 crore by issuing bonds on a private placement basis. This comes after the lender’s board of… Continue reading Indian private sector lender ICICI Bank raises capital by issuing bonds

Thai Airways acting CEO resigns after restructuring plan okayed

Thai Airways International Pcl on Wednesday said that its acting chief executive officer, Chansin Treenuchagron, had resigned. The airline’s chief of human resources, Suvadhana Sibunruang, will take over as acting CEO, the company said in a statement. The announcement comes after a court approved the airline’s restructuring plan. Chansin will remain as an administrator of the airline’s business rehabilitation plan. Reuters Go to Source

Blackstone nears $3b deal to acquire office developer Soho China

Blackstone Group Inc is nearing a deal to buy office developer Soho China Ltd in what would be its biggest real estate investment in the Asian country, Bloomberg News reported on Tuesday, citing people familiar with the matter. Hong Kong-listed Soho China could be valued at about $3 billion in the deal that could be announced… Continue reading Blackstone nears $3b deal to acquire office developer Soho China

Indian hiring app Apna bags $70m funding co-led by Tiger Global, eyes SE Asia foray

Bengaluru-based Apna, a professional networking and jobs platform, on Tuesday announced that it has raised $70 million in a Series B funding round led by Insight Partners and Tiger Global at a valuation of $570 million. Existing investors Sequoia Capital India, Lightspeed India, Greenoaks Capital and Rocketship VC also participated in the round, the startup… Continue reading Indian hiring app Apna bags $70m funding co-led by Tiger Global, eyes SE Asia foray

eBay said to be selling South Korean unit to Shinsegae, Naver for $3.6b

EBay will sell its South Korean business to retailer Shinsegae Group and e-commerce firm Naver for about 4 trillion won ($3.6 billion), local newspapers reported on Wednesday. EBay Korea is the country’s third-largest e-commerce firm with market share of about 12.8% in 2020, according to Euromonitor. It operates the platforms Gmarket, Auction and G9. Shinsegae,… Continue reading eBay said to be selling South Korean unit to Shinsegae, Naver for $3.6b