Digital and engineering services company Onward Technologies Ltd on Thursday said its board has considered and approved raising Rs70.2 crore from funds advised by Convergent Finance LLP, a private equity investment firm founded by former Fairfax India head Harsha Raghavan. Onward Tech is a niche digital and engineering services company which provides mechanical engineering, electronics… Continue reading India: Engineering firm Onward Tech to raise $9.6m from PE investor Convergent Finance …
Author: Deal Street Asia Online News
Indonesia’s e-commerce unicorn Bukalapak files for 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 e-commerce unicorn Bukalapak files for domestic IPO
Fosun leads funding in Yunphant Blockchain and 10 more updates from Greater China
ResearchPremium Hangzhou-headquartered smart blockchain services developer Yunphant Blockchain has closed its Series B round of financing, raising a corpus of over 100 million yuan ($15 million), it said on Thursday. The round was led by Fosun Fanyi Fund, a sub-fund of Chinese conglomerate Fosun International. Return investor Shenzhen Capital Group along with new backer Hangzhou… Continue reading Fosun leads funding in Yunphant Blockchain and 10 more updates from Greater China
Indian payments giant Paytm said to have kick-started work on $3b domestic IPO
Vijay Shekhar Sharma’s Paytm, one of the highest valued Indian technology companies, has thrown its hat in the ring for a domestic initial public offering (IPO), said two people aware of the development. The Softbank, Alibaba and Berkshire Hathaway backed payments company has appointed investment banks and lawyers to start working on its Indian IPO,… Continue reading Indian payments giant Paytm said to have kick-started work on $3b domestic IPO
Tencent-backed data management firm Xuncetech bags $110m from Goldman, others
Shenzhen Xunce Technology Limited (Xuncetech), a specialist in asset data management and risk control systems, announced on Wednesday that it has completed a 700 million yuan ($110 million) Series C round of financing. The fresh funding was co-led by Chinese asset manager CITIC Private Equity Funds Management Co., Ltd (CPE), and Taikang Insurance Group, besides… Continue reading Tencent-backed data management firm Xuncetech bags $110m from Goldman, others
Temasek-backed telco Singtel weighs investment options after decades-low profit …
Telco Singtel on Thursday posted its lowest profit in at least two decades following a S$1.18 billion ($892 million) impairment charge, and said it was exploring options for its infrastructure assets that include towers, satellites, subsea cables, and data centres. Faced with slowing growth in its traditional carrier business, Singapore Telecommunications — Southeast Asia’s largest telecom operator… Continue reading Temasek-backed telco Singtel weighs investment options after decades-low profit …
SE Asia’s e-commerce market could add $280b by onboarding more women sellers
Southeast Asia’s e-commerce market could grow by more than $280 billion between 2025 and 2030, if women entrepreneurs are incentivised to participate more on digital selling platforms, according to a new report by the World Bank’s International Finance Corporation (IFC). More women have embraced digital businesses showed the Women and e-commerce in Southeast Asia report,… Continue reading SE Asia’s e-commerce market could add $280b by onboarding more women sellers
Australian EV charger maker Tritium valued at $1.2b in SPAC merger, to list on Nasdaq
Tritium, a manufacturer of fast chargers for electric vehicles (EVs) based in Australia’s Brisbane, plans to go public in the US through a merger with a blank cheque company. The deal values Tritium at $1.2 billion (A$1.55 billion), the company said on Wednesday. Upon closing of the transaction with Decarbonization Plus Acquisition Corporation II (DCRN),… Continue reading Australian EV charger maker Tritium valued at $1.2b in SPAC merger, to list on Nasdaq
Medical claims administrator MiCare nets $60m from IFC, Mitsui
MiCare HealthTech Holdings (MiCare), a subsidiary of Zuellig Pharma that administers medical claims, has received a $60 million investment from International Finance Corporation (IFC) and Mitsui & Co (Asia Pacific), according to an announcement. The healthcare third-party administrator said it will use the investment to fund its expansion in key Southeast Asian markets, including Indonesia… Continue reading Medical claims administrator MiCare nets $60m from IFC, Mitsui
Esco Lifesciences raises $200m in Vivo Capital, Novo Holdings-led round …
Singapore-based Esco Lifesciences, which provides products and services for the life sciences and healthcare industries, has announced the closure of an oversubscribed $200 million Series A and crossover round led by Vivo Capital and Novo Holdings. The round saw participation from new investors including EDBI, which is the investment arm of the Singapore Economic Development… Continue reading Esco Lifesciences raises $200m in Vivo Capital, Novo Holdings-led round …