Oral care brand BOP has closed a 160 million yuan ($25 million) Series B funding round led by DCM, while genetic testing and diagnostics startup Genskey has raised 100 million yuan ($15 million) in a Series C+ round. DCM, Lightspeed back oral care brand BOP Oral care brand BOP has pocketed 160 million yuan ($25… Continue reading China Digest: DCM, Lightspeed back oral care brand BOP; Genskey bags $15m
Author: Deal Street Asia Online News
Consortium led by KKR, TIGA to buy office space solutions provider The Executive Centre
A consortium led by private equity giant KKR and Singapore-based investment firm TIGA Investments will acquire the flexible office solutions provider The Executive Centre (TEC), the acquiree said in a statement on Tuesday. As part of the transaction, the funds advised by HPEF Capital Partners and CVC Capital Partners will exit their investments in TEC.… Continue reading Consortium led by KKR, TIGA to buy office space solutions provider The Executive Centre
Indian early-stage investor WEH Ventures launches second fund
WEH Ventures, an early stage investor, on Monday said it is launching its second fund of Rs100 crore corpus to continue supporting startups focusing on India-first problems, the firm said in a press statement. The Fund II is a successor vehicle to WEH Ventures’ maiden early stage fund launched in 2017. From its first fund,… Continue reading Indian early-stage investor WEH Ventures launches second fund
3One4 Capital backs Breathe Well-being and 14 more India deal updates
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People Digest: SG’s Vulpes, SGX rope in senior execs
Singapore’s investment management firm Vulpes Investment Management has named Sadiq Currimbhoy as head of sustainability, while Singapore Exchange has appointed Pol de Win as senior managing director, head of global sales and origination. Singapore’s Vulpes ropes in head of sustainability Vulpes Investment Management, a family office-backed investment management firm in Singapore, has hired Sadiq Currimbhoy… Continue reading People Digest: SG’s Vulpes, SGX rope in senior execs
China’s Xforceplus raises nearly $200m in Series C led by Temasek …
Xforceplus Information Technology has raked in $200 million in its Series C+ and C++ rounds of financing, per an announcement. This brings the total corpus raised by the IT company in its Series C round to about $200 million. In October 2019, Xforceplus secured nearly $100 million in the first tranche of Series C round… Continue reading China’s Xforceplus raises nearly $200m in Series C led by Temasek …
India: Former Myntra CEO’s new venture Mensa Brands snags $50m
Former Myntra CEO and Medlife co-founder Ananth Narayanan’s new venture Mensa Brands has raised $50 million in a Series A funding round led by Accel Partners, Falcon Edge Capital, and Norwest Venture Partners, per a company statement. The round also saw the participation of angel investors including Scott Shleifer of Tiger Global, Rahul Mehta of… Continue reading India: Former Myntra CEO’s new venture Mensa Brands snags $50m
Asia Digest: Travello raises $5m; Shuttle nabs seed funding
Australian traveltech startup Travello announced raising $5 million in a Series A funding round, while Bangladesh ride-hailing firm Shuttle secures $750,000 in its seed round. Travello lands $5m Series A funding Australian travel social network startup Travello has raised $5 million in a Series A funding round backed by Flight Centre co-founder Jim Goldburg, former… Continue reading Asia Digest: Travello raises $5m; Shuttle nabs seed funding
SG dental product brand Zenyum raises $40m Series B led by L Catterton …
Singapore-based dental product brand Zenyum has raised $40 million in Series B funding led by L Catterton, according to a company announcement. The round was joined by existing investors Sequoia Capital India, RTP Global, Partech, TNB Aura, Seeds Capital, and FEBE Ventures. Zenyum was part of the inaugural cohort of Surge, an initiative by Sequoia… Continue reading SG dental product brand Zenyum raises $40m Series B led by L Catterton …
Top Glove said to delay $1b Hong Kong listing amid US ban quandary
Top Glove Corporation’s plan to list in Hong Kong to raise up to $1 billion has been delayed as the world’s largest rubber glove maker seeks to resolve a U.S. import ban on its products, sources with direct knowledge of the matter said. The Malaysian firm, which is already listed in Kuala Lumpur and Singapore,… Continue reading Top Glove said to delay $1b Hong Kong listing amid US ban quandary