Author: Deal Street Asia Online News

Singapore’s  GIC  leads  $164m pre-IPO funding in Star Health

“The funding was closed earlier this quarter. GIC led the funding with around ₹600 crore investment, and Capital Group, which is one of the big FIIs (foreign institutional investors) in the Indian stock market, invested around ₹300 crore. A few other public market investors also participated in the round, and so did the existing investors of the… Continue reading Singapore’s  GIC  leads  $164m pre-IPO funding in Star Health

India’s Kotak Investment Advisors launches pre-IPO fund, looks to raise $274m …

Kotak Investment Advisors Ltd (KIAL), the alternative assets arm of the Kotak Mahindra Group has launched a pre-IPO fund — the Kotak Pre IPO Opportunities Fund. The fund, a category II Alternative Investment Fund (AIF) has been positioned as an ‘India-focused, late-stage fund to invest in high-quality companies with a strong moat of technology.’ AIFs… Continue reading India’s Kotak Investment Advisors launches pre-IPO fund, looks to raise $274m …

Singapore’s GIC leads $50m funding in Indian AI logistics startup Locus …

Singapore’s sovereign wealth fund GIC has led a $50-million Series C funding round in Bengaluru-based B2B logistics optimisation startup Locus, the latter announced on Wednesday. The financing also saw the participation of Qualcomm Ventures LLC and existing investors Tiger Global and Falcon Edge. Noted angel investors Amrish Rau, CEO of Pine Labs; Kunal Shah, CEO… Continue reading Singapore’s GIC leads $50m funding in Indian AI logistics startup Locus …

India Digest: A91 Partners, Blume back Exotel; N+1 Capital hits first close of maiden fund

Cloud telephony platform Exotel on Wednesday announced that it has received a fresh infusion of about $6 million while revenue-based growth capital firm N+1 Capital has hit the first close of its maiden fund. A91 Partners, Blume back Exotel Cloud telephony platform Exotel on Wednesday announced that it has received a fresh infusion of about… Continue reading India Digest: A91 Partners, Blume back Exotel; N+1 Capital hits first close of maiden fund

SEA Digest: SG’s Nexif Energy partners RATCH; KDDI backs Indonesia’s Qlue

Denham Capital-backed power company Nexif Energy has formed a 50:50 partnership with RATCH Group to operate a wind power plant in Vietnam while Japanese telecom giant KDDI Corp. has invested in smart city platform provider PT. Qlue Performa Indonesia. Nexif Energy partners with RATCH Group Nexif Energy, the Australian and Southeast Asian power company backed… Continue reading SEA Digest: SG’s Nexif Energy partners RATCH; KDDI backs Indonesia’s Qlue

India: Sequoia-backed BharatPe strengthens its leadership team with new hire

Merchant-focused fintech, BharatPe, on Wednesday announced the appointment of Amit Jain as its chief risk officer. Jain is the third senior addition to BharatPe’s leadership team this year. It had also roped in former chief executive of loyalty platform Payback, Gautam Kaushik, to lead its payments business, and appointed former partner at Amarchand Mangaldas, Sumeet… Continue reading India: Sequoia-backed BharatPe strengthens its leadership team with new hire

Browser testing platform LambdaTest raises $16m Series B led by Sequoia India …

Other investors who participated as part of the round include Telstra Ventures, and Wamda Capital. The fresh fundraise comes just six months after the company had raised $6 million as part of its series A round led by Sequoia Capital India’s accelerator programme, Surge. According to the company, it will use the capital raised to… Continue reading Browser testing platform LambdaTest raises $16m Series B led by Sequoia India …

ICG acquires Australian real estate debt investor Newground

London-listed global alternative asset manager Intermediate Capital Group (ICG) announced on Tuesday that it has acquired the Australian real estate debt investor Newground Capital Partners (Newground) for an undisclosed amount. The newly acquired business, which will trade as ICG-Newground, will underwrite loans of A$30-200 million ($23-154 million) to owners of value-add, stabilised, and construction assets,… Continue reading ICG acquires Australian real estate debt investor Newground

In another digital currency trial, China’s central bank to give out free eCNY by lottery

China’s capital Beijing will launch a lottery in June giving out free online wallets containing 200 digital yuan ($31.34) to winners, in another trial for the central bank’s eCNY, according to a notice on the city’s government website. The “red envelopes” — a reference to China’s traditional way of gifting cash —  will be distributed to 200,000 lottery… Continue reading In another digital currency trial, China’s central bank to give out free eCNY by lottery