Premium MissFresh, a Tencent-backed Chinese online grocery startup, has filed to raise $100 million in an initial public offering (IPO) in the US while Warburg Pincus-backed Zhangmen Education priced its US IPO to raise $41.7 million, according to separate filings. Go to Source
Author: Deal Street Asia Online News
Crypto deals in Southeast Asia are up, but will the rally last? …
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 Crypto deals in Southeast Asia are up, but will the rally last? …
Indonesia’s BukuWarung raises $60m led by Valar Ventures, Goodwater Capital
BukuWarung, an Indonesian fintech startup that helps micro-SMEs (MSMEs) digitise their businesses, has raised $60 million in its Series A round, led by US-based VC firms Valar Ventures and Goodwater Capital, confirming an earlier story done by DealStreetAsia. In April, we had reported about the development that marks Valar’s first funding in the archipelago. The… Continue reading Indonesia’s BukuWarung raises $60m led by Valar Ventures, Goodwater Capital
Tencent to reposition short-video app Weishi to focus on movie content
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 Tencent to reposition short-video app Weishi to focus on movie content
S Korean investor STIC beefs up venture deals in Vietnam, backs Coolmate
Nguyen Hue, Vietnam. Photo: Peter Nguyen/unsplash Premium South Korea-based investment firm STIC Investments, which has a strong presence in Vietnam’s private equity space, is scouting for more venture deals to tap into the country’s fast-growing startup ecosystem. Go to Source
Auto battery maker LG Energy Solution seeks nod for South Korean IPO …
Auto battery maker and Tesla Inc supplier LG Energy Solution (LGES) applied for preliminary approval of an initial public offering (IPO) that publication IFR said could raise $10 billion-$12 billion in South Korea’s biggest ever listing. LGES and the Korea Exchange announced the application for approval of the previously flagged IPO on Tuesday, without mentioning its size. IFR… Continue reading Auto battery maker LG Energy Solution seeks nod for South Korean IPO …
Malaysian palm oil giant KLK offers $372m for majority in IJM Plantations
Malaysian palm oil giant Kuala Lumpur Kepong (KLK) Bhd has proposed to acquire IJM Corporation Bhd’s entire stake in IJM Plantations Bhd for 1.53 billion ringgit ($371.72 million) in cash, the companies said on Wednesday. IJM Corp said it has received a letter from KLK, one of the largest palm oil planters in the country, offering… Continue reading Malaysian palm oil giant KLK offers $372m for majority in IJM Plantations
AI-powered Indian logistics platform Shyplite raises $1m from N+1 Capital
The company was bootstrapped in 2015, with investment from its founding members Nisschal Jain (Managing Partner), Sugam Jain (CEO) and Parinay Itkan (COO), and launched exactly five years ago on 9th June, 2016. Shyplite helps businesses automate their logistics and increase shipping efficiency by providing a single-window platform integrated with multiple carriers. The company said… Continue reading AI-powered Indian logistics platform Shyplite raises $1m from N+1 Capital
India: Zomato elevates former CFO Akriti Chopra as co-founder and chief people officer
Chopra took over the role of people development at Zomato last October, after the company appointed Akshant Goyal as its newest CFO, in the run-up to its IPO. “Akriti has been here (at Zomato) for almost a decade. She has undying commitment to Zomato, and our well-being. She has been one of the strongest pillars… Continue reading India: Zomato elevates former CFO Akriti Chopra as co-founder and chief people officer
US private equity major TPG invests $80m in India’s Zenoti at $1.5 billion valuation …
Bellevue- and Hyderabad-based SaaS startup Zenoti has secured an additional $80 million as part of its Series D funding round led by TPG, a global alternative asset firm that has invested in leading technology companies such as Airbnb, Kajabi, Toast, and Uber, per a company statement. Zenoti, which makes software for spas and salon chains,… Continue reading US private equity major TPG invests $80m in India’s Zenoti at $1.5 billion valuation …