Author: Deal Street Asia Online News

Indian startups are flush with cash amid rapid digital adoption

“You have seen incredible resilience. The digitization wave that started last year is continuing. Investors recognize that potential. They know this is a temporary setback. If anything, it is a permanent shift in the right direction for technology-led businesses. We can clearly see investor enthusiasm around that,” said Karthik Reddy, co-founder of Blume Ventures, an… Continue reading Indian startups are flush with cash amid rapid digital adoption

CDIB, Firstred, Huatai acquire Chinese cosmetics packaging firm Yuga …

A consortium of investors comprising Taiwanese buyout firm CDIB Capital Group, Beijing-based Firstred Capital, and Huatai International Private Equity Fund has acquired Chinese cosmetics packaging firm Yuga Group Holdings. Established in 2003, Yuga is a supplier of cosmetics packaging products, offering customised packaging with in-house aluminum processing capabilities. Headquartered in eastern China’s Suzhou City, the… Continue reading CDIB, Firstred, Huatai acquire Chinese cosmetics packaging firm Yuga …

EV firm Rivian could target valuation of $70b in IPO

Electric-truck startup Rivian Automotive Inc could target a valuation of about $70 billion in its potential public listing later this year, Bloomberg news reported on Friday. Amazon.com Inc and Ford Motor Co-backed Rivian had a valuation of $27.6 billion, Reuters reported in January, after a $2.65-billion investment round led by T. Rowe Price. Rivian is working with advisers including Goldman Sachs Group Inc, JPMorgan Chase & Co., and Morgan Stanley on an initial… Continue reading EV firm Rivian could target valuation of $70b in IPO

Gaw Capital Partners closes first growth equity fund at $430m

Hong Kong-headquartered real estate private equity firm Gaw Capital Partners has closed its first commingled growth equity fund, Gaw Growth Equity Fund I, at over $430 million, according to a statement. Excluding capital raised for co-investment deals, the fund closed at $332 million in total commitments and is approximately one-third committed, the firm said. Investors… Continue reading Gaw Capital Partners closes first growth equity fund at $430m

US pension fund commits $20m to KKR’s global infrastructure fund …

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 US pension fund commits $20m to KKR’s global infrastructure fund …

SE Asia Deal Review: Three megadeals lift startup funding to $3.25b in April, up 317% …

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 SE Asia Deal Review: Three megadeals lift startup funding to $3.25b in April, up 317% …

China’s medical equipment provider Jenscare secures funding co-led by GL Ventures …

Chinese cardiovascular instruments supplier Jenscare Scientific, formally known as Ningbo Jenscare Biotechnology  Co., Ltd, has raised a new round of financing co-led by Asia-focused private firm Hillhouse Capital’s venture unit GL Ventures.  Primavera Capital, which had led an undisclosed Series B round funding in Jenscare, acted as the co-lead investor in the latest round, according… Continue reading China’s medical equipment provider Jenscare secures funding co-led by GL Ventures …

South Korean pension fund pledges to curtail investments in coal projects …

South Korea’s National Pension Service (NPS) said on Friday it will limit investing in industries related to coal mining and coal-fired power, in line with global efforts to reduce carbon emissions. The world’s third-largest pension fund, with 872.5 trillion won ($783.42 billion) in assets as of the end of March, announced its commitment to supporting… Continue reading South Korean pension fund pledges to curtail investments in coal projects …

SG Digest: ST Telemedia GDC expands to Indonesia; CapitaLand ups IT park stake …

ST Telemedia Global Data Centres has announced its expansion into Indonesia while Singapore-based real estate major CapitaLand has acquired the remaining 50% stake in Dalian Ascendas IT Park. ST Telemedia Global Data Centres expands in Indonesia  ST Telemedia Global Data Centres (STT GDC), a Singapore-based data centre service provider, has announced a strategic partnership with… Continue reading SG Digest: ST Telemedia GDC expands to Indonesia; CapitaLand ups IT park stake …