Author: Deal Street Asia Online News

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

Inflection Point Ventures backs Glamplus and 25 more India deal updates

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

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