Meat and seafood brand Licious has raised about $65 million in funding from Multiples Alternate Asset Management, Brunei Investment Agency, Vertex Ventures, and other investors, per media reports. The board of Licious has passed a special resolution to allot 100 equity shares and 8,879 Series F preference shares at an issue price of Rs 5,22,719.05… Continue reading India: Multiples PE leads $65m funding in online meat retailer Licious …
Author: Deal Street Asia Online News
India: Adani shares fall after freeze placed on foreign funds
Shares of Adani group companies fell by about 5% to 25% on Monday after the National Securities Depository Ltd (NSDL) froze the accounts of three foreign funds that are among the top stakeholders in the firms. Adani Enterprises, the conglomerate’s flagship company, plunged as much as 25%, its steepest fall in nearly a decade. Nifty 50-listed Adani Ports and Special Economic Zone fell as much as… Continue reading India: Adani shares fall after freeze placed on foreign funds
PEXA prepares for July debut in biggest Australian IPO of 2021
Online property company PEXA Group Ltd is set to make its Australian market debut on July 1 after filing a prospectus on Monday for what would be the country’s largest initial public offering (IPO) this year. The hotly anticipated IPO comes as Australian house prices skyrocket thanks to record-low borrowing rates and government incentives that… Continue reading PEXA prepares for July debut in biggest Australian IPO of 2021
Singapore’s GIC invests $70m in crypto exchange OSL parent BC Group …
Hong Kong-listed BC Technology Group, the parent firm of regulated digital asset platform OSL, said on Friday that it has raised almost HK$543.2 million (about $70 million) from Singapore’s sovereign wealth fund GIC through a private placement. The investment marks another crypto-related deal by GIC, which led an $80-million Series C round in US-based digital… Continue reading Singapore’s GIC invests $70m in crypto exchange OSL parent BC Group …
US data firm Equinix signs new JV deals with Singapore’s GIC
U.S.-based data centre firm Equinix Inc on Monday said it had signed agreements for additional joint ventures with Singapore’s sovereign wealth fund GIC to add $3.9 billion to expand a data centre programme. The agreements for additional joint ventures in the form of limited liability partnerships with GIC, when closed, will bring the xScale data centre portfolio to more than $6.9 billion across 32 facilities globally, Equinix said in a statement.… Continue reading US data firm Equinix signs new JV deals with Singapore’s GIC
India: B2B marketplace Jumbotail raises $4.6m debt from Alteria Capital
The debt round follows a $25 million equity round that was concluded in January this year. The company plans to use the funds to expand its operations across the country, fund its working capital requirements, and scale its small, medium enterprises (SME) focused fintech business. “Covid has accelerated the digital transformation of the food and… Continue reading India: B2B marketplace Jumbotail raises $4.6m debt from Alteria Capital
Japan’s Toshiba blames former CEO for ‘confrontational approach’
Japan’s Toshiba Corp on Monday blamed its former chief executive for fomenting a “confrontational approach” to shareholders, citing that as underlying factor in its widening governance crisis. The comment from Osamu Nagayama, the chairman of Toshiba‘s board, comes after a shareholder-commissioned investigation revealed the company colluded with the Japanese government to “beat up” foreign shareholders. One shareholder has described the scandal as… Continue reading Japan’s Toshiba blames former CEO for ‘confrontational approach’
Indian startups Info Edge, Fittr and Niyo announce acquisitions
Info Edge India Ltd has entered into an agreement to fully acquire Zwayam Digital while health and fitness brand Fittr has acquired a minority stake in Chennai-based Wylo. Separately, fintech startup Niyo has acquired personal finance startup Index. Info Edge acquires Zwayam Info Edge India Ltd, the parent company of Naukri.com and Jeevansathi.com, has entered… Continue reading Indian startups Info Edge, Fittr and Niyo announce acquisitions
Temasek, Lake Bleu lead $156m Series C round for Chinese vaccine developer RecBio …
Rec-Biotechnology (RecBio), a Chinese developer of genetically engineered vaccines, has secured about 1 billion yuan ($156.3 million) in a Series C round of financing jointly led by Singapore state investor Temasek Holdings and Hong Kong-based asset manager Lake Bleu Capital. Chinese asset management company E Fund Management and private equity firm Boyu Capital participated in… Continue reading Temasek, Lake Bleu lead $156m Series C round for Chinese vaccine developer RecBio …
Byju’s becomes most valued Indian startup after $340m fundraise
Education technology major Byju’s has surpassed Paytm to become the most valuable Indian startup after raising about $340 million (Rs2,500 crore) in fresh funding at a valuation of $16.5 billion. Digital payments company Paytm is currently valued at about $16 billion. According to a report in the Economic Times, investors in Byju’s latest round included… Continue reading Byju’s becomes most valued Indian startup after $340m fundraise