Malaysian teleco Axiata Group Bhd and RHB Banking Group announced on Wednesday that they have formed a consortium to apply for a digital banking licence in the country. Boost Holdings, Axiata’s subsidiary that operates an e-wallet, will own 60%, while RHB, the country’s fourth-largest banking group, will own the rest of the digital bank, subject… Continue reading Malaysian telco Axiata and RHB Banking to jointly bid for digital banking licence
Author: Deal Street Asia Online News
India: IT firm Accenture to acquire consulting firm Nell’Armonia, Novetta …
Global technology major Accenture said it has entered an agreement to acquire Paris-based technology consulting firm Nell’Armonia to strengthen its position in the enterprise performance management (EPM) market, leveraging cloud and data to help clients navigate digital transformation. Nell’Armonia complements Accenture’s existing capabilities and will enhance its ability to address clients’ needs for analytics-based insights… Continue reading India: IT firm Accenture to acquire consulting firm Nell’Armonia, Novetta …
Feiyu.Live bags $30m and 17 more deal updates from Greater China
ResearchPremium Feiyu.Live, a second-hand luxury live-streaming e-commerce channel, has raised nearly $30 million in a Series B round jointly led by an undisclosed dollar fund and returning investor N5 Capital, that invests in mobile internet, big data, and consumer sectors. Go to Source
Indian home services marketplace Urban Company raises $255m at $2.1b valuation
Home services marketplace Urban Company has raised $255 million in a Series F funding round led by Prosus Ventures, Dragoneer and Wellington Management, it announced on Wednesday. The round also saw participation of Vy Capital, Tiger Global and Steadview, the Gurugram-headquartered startup said in a statement. According to a report in The Economic Times, the… Continue reading Indian home services marketplace Urban Company raises $255m at $2.1b valuation
India: Phoenix Mills, GIC set up $733m retail and office venture
These assets, of around 3.4 million sq ft of leasable retail and office space, are currently among PML’s prime and well‐performing operational assets. Lee Kok Sun, chief investment officer of real estate, GIC, said, “We are pleased to partner with PML in this Joint Venture to acquire a stake in these best‐in‐class retail assets in… Continue reading India: Phoenix Mills, GIC set up $733m retail and office venture
Temasek’s SeaTown seeks global opportunities for $1b private capital fund …
Marina Bay Financial Centre, Singapore. Photo: Joshua Ang/unsplash Premium Temasek Holdings-backed investment firm SeaTown Holdings has set up a $1-billion private capital fund to invest in growth-stage opportunities globally, a senior executive told DealStreetAsia. The Singapore state investor is the sole LP in the fund. Go to Source
US pension OCERS commits $30m to Orchid Asia’s latest buyout fund
Login We will never share your information with third parties. If you don’t already have an account click the button below to create your account. Sign up here OR Sign in with Facebook Sign in with Twitter Sign in with Google Sign in with LinkedIn Go to Source
China-focused Unicorn Capital Partners raises $450m for latest fund
Unicorn Capital Partners, a Hong Kong-based venture capital fund-of-funds manager, announced that it has raised $450 million for its latest investment vehicle that will focus on VC fund and direct investment opportunities in technology and healthcare sectors in China. Unicorn Partners Fund IV, which closed on June 1, 2021, was oversubscribed. Its investor base includes… Continue reading China-focused Unicorn Capital Partners raises $450m for latest fund
Indian cosmetics retailer Nykaa looks to list at $4.5b valuation
Nykaa, founded by former investment banker Falguni Nayar, will keep unchanged the size of the public offering at between $500 million and $700 million, said two people directly aware of the internal discussions. Both declined to be named as the talks are private. They said the rise in Nykaa’s overall valuation is led by a… Continue reading Indian cosmetics retailer Nykaa looks to list at $4.5b valuation
China’s Trustar Capital acquires Japanese body care brand Sedona Enterprise …
Trustar Capital, a private equity affiliate of CITIC Capital Holdings, announced on Tuesday that it has picked up a 100% stake in Sedona Enterprise Co., Ltd, a spin off from the Japanese skincare and medical cosmetics major Dr.Ci: Labo Co., Ltd. The purchase was made through Trustar’s third Japanese buyout fund — a yen-denominated fund… Continue reading China’s Trustar Capital acquires Japanese body care brand Sedona Enterprise …