“In India, we’ve already invested more than $2 billion in 8-9 companies in the first five months of this year…a few deals are yet to be announced. And we will continue to invest if we find the right opportunities. We anticipate investing a similar size in the remainder of this year,” SoftBank Vision Fund CEO… Continue reading SoftBank Vision Fund may deploy over $4b in Indian tech bets this year
Author: Deal Street Asia Online News
CVC Capital Partners invests in Japanese streetwear brand A Bathing Ape
CVC Capital Partners has completed an investment in Japanese streetwear brand A Bathing Ape (BAPE) after the brand became an independent company from Hong Kong fashion retailer I.T Limited, according to a statement. The investment follows the successful privatisation of I.T Limited by Brooklyn Investment Limited, owned by CVC Capital Partners Asia V Limited and… Continue reading CVC Capital Partners invests in Japanese streetwear brand A Bathing Ape
Artha Venture Fund hits final close of debut fund at $30m, to invest in 12-15 startups …
Over fifty limited partners (LPs) participated in the fund. More than half of the investments came from family offices, and from over 20 listed companies who participated directly or through promoter entities. Non-resident Indians, ultra-rich individuals, super angels and Small Industries Development Bank of India (SIDBI) invested the remaining capital. The fund invests in business-to-business… Continue reading Artha Venture Fund hits final close of debut fund at $30m, to invest in 12-15 startups …
Toyota rebrands investment arm, adds fund focused on controlling climate change …
Toyota Motor Corp is rebranding its corporate investment arm as Toyota Ventures and adding two early-stage funds, including one focused on investing in startups developing solutions for climate change and carbon neutrality. The Japanese automaker is beefing up its four-year-old investment arm, formerly known as Toyota AI Ventures, with the addition of the $150 million Frontier Fund and the $150… Continue reading Toyota rebrands investment arm, adds fund focused on controlling climate change …
Ant Group’s consumer finance unit in Chongqing bags operating approval
Ant Group’s consumer finance unit has won approval to begin operating in Chongqing city, the local banking watchdog said on Thursday. The approval comes nearly two months after Chinese regulators imposed a sweeping restructuring on Jack Ma’s fintech conglomerate, underscoring a step forward for the revamp of the group’s outstanding lucrative consumer loan business. The unit,… Continue reading Ant Group’s consumer finance unit in Chongqing bags operating approval
Tesla supplier CATL plans to set up a major automotive battery plant in Shanghai
China’s CATL is planning a major new automotive battery plant in Shanghai, continuing a blistering pace of expansion that will cement its lead as the world’s No.1 supplier, two people with knowledge of the matter said. Locating the factory in Shanghai will put it close to Tesla Inc’s Chinese production base after it began supplying batteries for… Continue reading Tesla supplier CATL plans to set up a major automotive battery plant in Shanghai
Controlling shareholder plans to take Malaysia’s MMC Corp private
Malaysia’s MMC Corporation Bhd has received a letter from its controlling shareholder seeking to privatise the company via a selective capital reduction and repayment exercise of 2.94 billion ringgit ($714 million), a stock exchange filing on Thursday showed. Under the proposal, MMC‘s largest shareholder Seaport Terminal (Johore) Sdn Bhd, seeks to cancel all shares held by other shareholders… Continue reading Controlling shareholder plans to take Malaysia’s MMC Corp private
State-owned Vietnam Airlines plans to sell 11 Airbus planes to shore up its finances
Vietnam Airlines plans to sell 11 Airbus A321 aircraft through an auction, as the Southeast Asian country’s flag carrier struggles with the economic fallout of the coronavirus pandemic. The airline, which is 86% owned by the government, said in an announcement posted on its website this week that interested buyers could submit bids by June 29.… Continue reading State-owned Vietnam Airlines plans to sell 11 Airbus planes to shore up its finances
Indonesia’s Bukalapak looking to raise at least $300m from its domestic 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 Indonesia’s Bukalapak looking to raise at least $300m from its domestic IPO …
American VC firm Kleiner Perkins leads $17m funding in Pakistani B2B marketplace Tajir
Gobi Partner-backed Tajir, a Pakistani B2B marketplace for mom and pop stores, has raised $17 million in a Series A round led by American venture capital firm Kleiner Perkins, according to an announcement. The funding marks the first investment by Kleiner Perkins in Pakistan. Other investors in the round include YC Continuity, AAVCF, Fatima Gobi… Continue reading American VC firm Kleiner Perkins leads $17m funding in Pakistani B2B marketplace Tajir