Author: Deal Street Asia Online News

Creador secures $40m from FinDev Canada for sixth fundThe fund was launched with a target to raise $750 million to $800 million.

Kuala Lumpur-headquartered private equity firm Creador‘s sixth fund has secured a $40-million equity commitment from Canadian development finance institution FinDev Canada, according to an announcement. The commitment is for Creador VI LP, a private equity fund focused on the Indo-Pacific region. The fund was launched with a target to raise $750 million to $800 million.… Continue reading Creador secures $40m from FinDev Canada for sixth fundThe fund was launched with a target to raise $750 million to $800 million.

Quantum AI startup SandboxAQ raises $300m at $5.6b valuationSandboxAQ was spun off from Alphabet as an independent startup in 2022.

SandboxAQ said on Wednesday it has raised more than $300 million in funding, valuing the startup spun off from Alphabet at $5.6 billion, as it aims to fast-track the development of advanced artificial intelligence systems for computation. The new funding, from investors including New York-based investment firm Fred Alger Management, T. Rowe Price, and Breyer Capital,… Continue reading Quantum AI startup SandboxAQ raises $300m at $5.6b valuationSandboxAQ was spun off from Alphabet as an independent startup in 2022.

After Delhivery, Multiples backs another Indian logistics startup INSTANT-XPMultiples picks a significant minority stake for $35m.

Multiples Alternate Asset Management on Thursday said it has acquired a significant minority stake for $35 million in INSTANT-XP, a tech-enabled B2B express logistics company in India. Founded by brothers Rajbir Singh and Jasveer Singh, INSTANT-XP operates in the express logistics sector, in both, the Full Container Load (FCL) and Less than Container Load (LCL)… Continue reading After Delhivery, Multiples backs another Indian logistics startup INSTANT-XPMultiples picks a significant minority stake for $35m.

Shares of Indonesian unit of MR.DIY wobble on first trading day, close higherThe home retailer had raised $254m in its IPO in Nov.

Shares of Indonesian retailer PT Daya Intiguna Yasa Tbk (DIY), a unit of Malaysia’s MR.DIY, listed on the Indonesia Stock Exchange (IDX) on Thursday after raising 4.16 trillion rupiah ($254 million) in its IPO. The shares opened at 1,550 rupiah apiece, down 6% from its IPO price of 1,650 rupiah a share. The share price… Continue reading Shares of Indonesian unit of MR.DIY wobble on first trading day, close higherThe home retailer had raised $254m in its IPO in Nov.

CATL mulls HK listing to raise at least $5 billion: reportA listing may happen in H1 2025, Bloomberg reported.

Chinese electric vehicle battery maker CATL is considering a Hong Kong listing that could raise at least $5 billion, Bloomberg News reported on Thursday. CATL is talking with potential advisers, and a listing might happen as soon as the first half of 2025, the report said, citing people familiar with the matter. Discussions are ongoing and plans could… Continue reading CATL mulls HK listing to raise at least $5 billion: reportA listing may happen in H1 2025, Bloomberg reported.

Sorenson Capital leads $30m funding in Indian cybersecurity startup BureauThe round also saw participation from PayPal Ventures, along with existing i…

Mumbai-based identity verification and fraud protection platform Bureau has raised $30 million in its Series B funding led by Sorenson Capital, per an announcement on Wednesday. The round also saw participation from PayPal Ventures, along with existing investors including Commerce Ventures, GMO Venture Partners, Village Global, Quona Capital, and XYZ Ventures, the company said in… Continue reading Sorenson Capital leads $30m funding in Indian cybersecurity startup BureauThe round also saw participation from PayPal Ventures, along with existing i…

India’s Vishal Mega Mart jumps 41% in trading debut to $5.8b valuationThe $943 million IPO drew bids worth $19 billion last week.

Shares of India’s Vishal Mega Mart surged 41% in debut trade on Wednesday, giving the budget retailer a valuation of $5.8 billion as investors bet on the company’s growth prospects and resilience to challenges faced by larger rivals. The stock, which listed at 104 rupees on the National Stock Exchange, rose to 110.03 rupees as… Continue reading India’s Vishal Mega Mart jumps 41% in trading debut to $5.8b valuationThe $943 million IPO drew bids worth $19 billion last week.

PH Digest: Navegar exiting Royale Cold Storage; Pinnacle selling minority stakeNavegar currently holds an estimated 30% stake in Royale Cold Storage.

Navegar, a Philippines-based private equity firm, is reportedly exiting local cold chain logistics company Royale Cold Storage while KKR-backed Pinnacle Towers is said to be selling a minority stake. Navegar reportedly exiting Royale Cold Storage Philippine-based private equity firm Navegar is exiting local cold chain logistics company Royale Cold Storage (RCS), according to a MergerMarket… Continue reading PH Digest: Navegar exiting Royale Cold Storage; Pinnacle selling minority stakeNavegar currently holds an estimated 30% stake in Royale Cold Storage.