ResearchPremium Salon-focused SaaS platform Glamplus has raised about $273,972 (Rs 2 crore) in a pre-Series A funding round led by Inflection Point Ventures, it announced on Monday. Other investors who participated in the round included Anil G (co-founder & COO at Bounce), Sachin Khandelwal (MD & CEO at Sadhan Enterprise), Sravan Kumar (CEO at Transin),… Continue reading Inflection Point Ventures backs Glamplus and 25 more India deal updates
Author: Deal Street Asia Online News
SoftBank Vision Fund 2 invests $250m in banking tech startup Zeta …
SoftBank Group Corp’s Vision Fund 2 has invested $250 million in Zeta, valuing it at $1.45 billion, the banking technology startup said on Monday. Zeta, founded in 2015, will use the proceeds of the Series C funding round to accelerate growth in the United States and Europe including scaling its operations, team, and platform. The… Continue reading SoftBank Vision Fund 2 invests $250m in banking tech startup Zeta …
S Korean AI tutor Riiid raises $175m from SoftBank to take its tech to public schools
Riiid Inc, a South Korean AI tutorial startup, on Monday said it raised $175 million from SoftBank Group Corp’s Vision Fund 2 as it looks to shake up the world of standardized testing, and take its technology to public schools. Venture capital’s funding of education tech surged with the pandemic to $16.1 billion globally in… Continue reading S Korean AI tutor Riiid raises $175m from SoftBank to take its tech to public schools
China’s Huayou, EVE Energy to invest $2.1b in Indonesia nickel project
China’s Zhejiang Huayou Cobalt Co said on Monday it would partner electric vehicle battery maker EVE Energy and others in a $2.08 billion nickel and cobalt project in Indonesia. The company is also splashing out $210 million on a stake in Chinese battery materials producer Tianjin B&M Science and Technology Co (B&M) as it makes investments across… Continue reading China’s Huayou, EVE Energy to invest $2.1b in Indonesia nickel project
Singapore watchdog CCCS clears LSE’s $27b acquisition of Refinitiv
Singapore’s competition authority has approved the London Stock Exchange Group’s $27 billion acquisition of data and analytics company Refinitiv provided the bourse continues to offer certain foreign exchange benchmarks to rivals. The Competition and Consumer Commission of Singapore (CCCS) gave the conditional approval after examining whether the deal, which transforms the 300-year-old bourse into a… Continue reading Singapore watchdog CCCS clears LSE’s $27b acquisition of Refinitiv
Thailand’s Siam Commercial Bank to launch hotel booking app next year
Thailand’s oldest lender, Siam Commercial Bank Pcl (SCB), said on Monday it plans to launch a hotel booking application next year that does not charge hospitality operators a gross profit fee. The bank said it would launch the app, “Zero GP OTA”, to assist small and medium-sized hotel entrepreneurs to reduce their online travel agency (OTA) costs.… Continue reading Thailand’s Siam Commercial Bank to launch hotel booking app next year
Masan Group arm buys 20% stake in Vietnamese tea brand Phuc Long for $15m
The Sherpa Company Limited, a subsidiary of the Vietnamese conglomerate Masan Group Corporation, has acquired a 20% stake in Phuc Long Heritage Joint Stock Company, the firm behind the local tea and coffee brand Phuc Long, for $15 million, according to an announcement. As part of the deal, the Masan Group-owned retailer VinCommerce, which runs… Continue reading Masan Group arm buys 20% stake in Vietnamese tea brand Phuc Long for $15m
China’s Eminence closes USD Fund II at $120m to focus on enterprise software …
Eminence Ventures, which invests in early-stage enterprise software and cloud computing startups in China, has reached the final close of its second US dollar fund at $120 million, bringing the firm’s total assets under management (AUM) to nearly $200 million. The second US dollar fund attracted backing from Silicon Valley’s Emergence Capital, and Hong Kong’s… Continue reading China’s Eminence closes USD Fund II at $120m to focus on enterprise software …
Xiaomi-backed Chinese tax platform Huisuanzhang bags $80m Series D
China’s Huisuanzhang, a SaaS-based corporate accounting and tax management platform, has secured $80 million in a Series D round of financing from undisclosed investors, per its announcement on Monday. Investment bank Cygnus Equity served as financial advisor for the deal, it said in a WeChat post. The platform will invest the funding proceeds to grow… Continue reading Xiaomi-backed Chinese tax platform Huisuanzhang bags $80m Series D
China Digest: TYK Medicines bags $62m; TAOS Data raises $47m led by Matrix Partners China …
TYK Medicines has garnered nearly 400 million yuan ($62 million) in a Series B+ round led by Sealand Innovation, while TAOS Data has secured $47 million in a Series B round led by Matrix Partners China. TYK Medicines bags nearly $62m Series B+ Chinese biopharmaceutical firm TYK Medicines has garnered nearly 400 million yuan ($62… Continue reading China Digest: TYK Medicines bags $62m; TAOS Data raises $47m led by Matrix Partners China …