Author: Deal Street Asia Online News

India: Walmart-owned Flipkart hires 23,000 people in various capacities

Walmart-owned Flipkart on Tuesday said that the company hired 23,000 people in India in the past three months. The homegrown e-commerce marketplace said that it has hired 23,000 people over March – May 2021 across the country in various capacities across its supply chain, including delivery executives. “The growing demand for e-commerce services across the… Continue reading India: Walmart-owned Flipkart hires 23,000 people in various capacities

China’s Yingke PE closes third USD fund to back global biomedicine startups …

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 China’s Yingke PE closes third USD fund to back global biomedicine startups …

India: Stride Ventures launches second debt fund with a target corpus of $137m

The firm will continue investing in early to late-stage startups with ticket size from the new fund expected to go up to ₹70 crore, it said. The new fund will have a commitment period of four years within which the capital will be deployed and recycled. While Strides is a sector agnostic investor, it will look… Continue reading India: Stride Ventures launches second debt fund with a target corpus of $137m

Singapura Finance sells stake in Matchmove PowerBank on SG digibank loss

Singapore Exchange (SGX)-listed lender Singapura Finance has disposed of all its shares in MatchMove PowerBank, a subsidiary of MatchMove Pay, for $1 million, according to an SGX filing. The shares represented roughly 10% of PowerBank’s share capital. In return, Singapura Finance will receive shares in MatchMove, which increases its shareholding in the firm from 1.6%… Continue reading Singapura Finance sells stake in Matchmove PowerBank on SG digibank loss

SG Digest: Frasers Logistics invests in Europe; Genesis MedTech Group gets funding

Frasers Logistics & Commercial Trust has bought six properties in Europe in a bid to capitalise on the e-commerce-driven demand for the logistics space. In a separate development, medical device maker Genesis MedTech Group raised an undisclosed amount in its Series B round led by private equity firm General Atlantic.  Frasers Logistics Trust invests in… Continue reading SG Digest: Frasers Logistics invests in Europe; Genesis MedTech Group gets funding

China’s Country Garden Services plans to raise $2b from share sale, bond issue

Country Garden Services Holdings Co Ltd said on Tuesday it plans to raise HK$15.5 billion ($2 billion) from a share sale and a convertible bond issue to fund merger and acquisition projects. The property management unit of developer Country Garden aims to sell 139.38 million new shares, or 4.35% of the enlarged share capital, to third party investors for HK$10.5 billion. They will be issued at HK$75.25 apiece, representing a 6% discount to Monday’s close of HK$80.05.… Continue reading China’s Country Garden Services plans to raise $2b from share sale, bond issue

SG’s Temasek backs US firm Forge Global’s $150m round

Singapore state-owned investment firm Temasek has backed global private securities marketplace Forge Global in its latest $150 million funding round, per an announcement. This brings the total capital raised by the US-headquartered company to over $250 million. The round also saw the participation of a slew of new and existing investors such as Wells Fargo… Continue reading SG’s Temasek backs US firm Forge Global’s $150m round