Ajay Kumar, who retired as India’s defence secretary in 2022, is setting up a Rs 250-crore venture capital firm. Separately, furniture retailer Pepperfry is said to have postponed its IPO plans. Ajay Kumar’s VC fund gets Sebi nod Ajay Kumar, who retired as India’s defence secretary in 2022, is setting up a Rs 250-crore venture… Continue reading India Digest: Ex-defence secretary to launch VC fund; Pepperfry postpones IPO plansWhile Ajay Kumar is the chairman of the fund, former senior telecom…
Author: Deal Street Asia Online News
Hong Kong’s Isola Capital ropes in Sun Hung Kai & Co as anchor investor for latest fund
Hong Kong-based Isola Capital has roped in alternative investment company Sun Hung Kai & Co as one of the anchor investors for the first close of its latest fund with Sydney-based Mantis Funds, according to a company statement on Monday. Financial details of the fund’s first close were undisclosed. The fund, dubbed Isola Fullerton Global… Continue reading Hong Kong’s Isola Capital ropes in Sun Hung Kai & Co as anchor investor for latest fund
Heritas Capital leads funding in Singapore food solutions business The Gentle Group
Singapore fund manager Heritas Capital has led a S$2-million investment round in The Gentle Group, a local social enterprise which provides food solutions and care services for patients with swallowing difficulties, according to a statement on Monday. Go to Source
Led by Indonesia, SE Asia’s public markets defy global IPO slump
Though startup fundraising from PE and VC investors has slowed to a trickle in Southeast Asia, capital raising through initial public offerings (IPOs) has been remarkably stable and resilient in the region, according to DealStreetAsia DATA VANTAGE‘s latest report SE Asia’s Public Markets: Resilience in Uncertain Times. Led by Indonesia, which is witnessing a ‘green… Continue reading Led by Indonesia, SE Asia’s public markets defy global IPO slump
Asia Digest: VinFast partners with Otoklix in Indonesia; Barings provides credit facility to Permaconn
Vietnamese EV maker VinFast has tapped Otoklix as its service provider for customers in Indonesia while global asset manager Barings has provided credit to Permaconn. Vietnam’s VinFast partners with Otoklix in Indonesia Vietnamese electric vehicle (EV) maker VinFast has partnered with Otoklix in Indonesia to serve as its authorised service provider for customers in the… Continue reading Asia Digest: VinFast partners with Otoklix in Indonesia; Barings provides credit facility to Permaconn
China’s RMB market thrives, but challenges hinder its full potentialFifteen China-focused RMB funds mopped up $3.3b in H1 2024, according to Preqin da…
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The LP View: Pricing, GP alignment key to driving VC secondaries in SE Asia
While secondaries are expected to gain momentum as both limited partners (LPs) and fund managers (or GPs) want to prioritise liquidity amid a bleak exit environment, it might take time for such transactions to become mainstream in Southeast Asia’s venture capital (VC) space. Go to Source
Charticle: M&A deal volume of most active sector in SE Asia halved in 2023
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India grabs fourth spot in global tech startup funding charts: Tracxn
India emerged as the fourth highest-funded country in the global tech startup ecosystem during the first half of this year, with startups raking in a whopping $4.1 billion from private equity (PE) and venture capital (VC) investors, showed data available with Tracxn. While this was only a marginal 3.5% increase from H2 2023, it indicates… Continue reading India grabs fourth spot in global tech startup funding charts: Tracxn
Bain-backed Emcure Pharma’s $234m India IPO draws $11b in bidsEmcure is going public in India’s red-hot IPO market where over 100 firms raised $4.6b s…
India’s Emcure Pharmaceuticals drew strong interest for its $234 million initial public offering (IPO) as investors bet on its slate of women’s healthcare and HIV treatments to drive growth in a high-margin market. The Bain Capital-backed company’s IPO was fully subscribed on the first day of bidding and over the three-day process, it got bids worth up… Continue reading Bain-backed Emcure Pharma’s $234m India IPO draws $11b in bidsEmcure is going public in India’s red-hot IPO market where over 100 firms raised $4.6b s…