Retail intelligence platform Bizom, edtech firm Seekho and intercity mobility startup ZingBus have secured funding. Bizom raises $12m from Pavestone Bizom, a retail intelligence platform that optimizes distribution processes for retail brands, said it has raised $12 million in its Series B funding round led by Pavestone. Pavestone contributed $7.5 million, alongside participation from IndiaMART,… Continue reading India Digest: Bizom, Seekho app, Zingbus raise fundsEdtech firm Seekho has raised $8 million in Series A funding led by Lightspeed.
Author: Deal Street Asia Online News
Hong Kong approves four more cryptocurrency boursesThis brings the total licensed virtual asset trading platforms in the city to seven.
Hong Kong‘s securities regulator on Wednesday approved four cryptocurrency exchanges in the city’s latest effort to stay competitive in a race to become a global centre for digital asset trading. Hong Kong has been promoting itself as a hub for assets such as cryptocurrencies in an effort to maintain its attraction as a financial centre. The Hong Kong Securities and Futures… Continue reading Hong Kong approves four more cryptocurrency boursesThis brings the total licensed virtual asset trading platforms in the city to seven.
Hohem closes Series B round and 25 Greater China deals worth around $1.4bThe smartphone gimbal maker has raised $14m led by Shunwei Capital and Legend…
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India’s MobiKwik jumps 85% in market debut, valued at $474mThe stock listed at 440 rupees on the National Stock Exchange, compared to its offer price …
India’s MobiKwik shares soared 85% in their trading debut on Wednesday, valuing the financial technology firm at about 40 billion rupees ($474 million), as investors bet on its prospects in a booming online payments market. The stock listed at 440 rupees on the National Stock Exchange, compared to its offer price of 279 rupees. Investors… Continue reading India’s MobiKwik jumps 85% in market debut, valued at $474mThe stock listed at 440 rupees on the National Stock Exchange, compared to its offer price …
Kioxia’s shares surge on debut, valuing Japan chipmaker at $5.3bKioxia raised 120 billion yen after pricing its IPO in the middle of the indicative ra…
Shares of Kioxia rose 6% in their market debut on Wednesday, valuing the Bain-backed chipmaker at more than 820 billion yen ($5.34 billion) and highlighting steady investor demand for the third biggest IPO in Japan this year. Kioxia, a major manufacturer of memory chips, raised 120 billion yen after pricing its IPO in the middle… Continue reading Kioxia’s shares surge on debut, valuing Japan chipmaker at $5.3bKioxia raised 120 billion yen after pricing its IPO in the middle of the indicative ra…
GIC invests another $150m in India’s TPG-backed Asia HealthcareThis follows GIC’s initial investment of $170m in Feb 2022.
Singapore’s sovereign wealth fund GIC will invest an additional $150 million into India-based Asia Healthcare Holdings, the companies said on Wednesday. This follows GIC’s initial investment of $170 million into the US private equity TPG-backed single specialty hospital investment firm in February 2022. “As a long-term investor, we are confident in India’s single specialty healthcare… Continue reading GIC invests another $150m in India’s TPG-backed Asia HealthcareThis follows GIC’s initial investment of $170m in Feb 2022.
India Digest: HDFC AMC backs Athera Venture Partners; Warmup Ventures launches Fund IIOver the next 18-24 months, Athera will invest in a dozen startu…
Athera Venture Partners has roped in HDFC AMC’s fund of funds as an LP for its Fund IV, while Warmup Ventures is launching its second fund. HDFC AMC invests in Athera’s Fund IV Tech-focused venture capital fund Athera Venture Partners, formerly known as Inventus India, on Wednesday said that HDFC’s fund of funds has invested… Continue reading India Digest: HDFC AMC backs Athera Venture Partners; Warmup Ventures launches Fund IIOver the next 18-24 months, Athera will invest in a dozen startu…
Geely-backed NEV developer Chunqing hits $1.5b valuation after $135m dealThe new deal comes less than 11 months after Chunqing secured $100m.
China’s Chunqing Technology, a subsidiary of Geely-owned Farizon New Energy Commercial Vehicle Group, has claimed a post-money valuation of over $1.5 billion after raising $135 million in its latest funding round. Chunqing, which specialises in methanol hybrid new energy vehicle (NEV) technology, announced on Wednesday the completion of its Series Pre-A+ round with capital from… Continue reading Geely-backed NEV developer Chunqing hits $1.5b valuation after $135m dealThe new deal comes less than 11 months after Chunqing secured $100m.
Bain’s $1.7b offer rebuffed by Australia’s Insignia on valuation concernsInsignia said the offer “does not adequately represent fair value for IFL sha…
Australia’s Insignia Financial has rejected Bain Capital’s A$2.67 billion ($1.69 billion) takeover bid, saying the offer does not provide fair value to its shareholders, creating a barrier for the buyout giant’s Asia expansion plans. Bain had earlier in the month offered A$4 apiece for the 178-year-old money manager, reigniting a strong sense of investor appetite… Continue reading Bain’s $1.7b offer rebuffed by Australia’s Insignia on valuation concernsInsignia said the offer “does not adequately represent fair value for IFL sha…
Fuji Soft sticks with KKR, rejects Bain’s raised buyout offerKKR now owns about 34% of Fuji Soft after the first stage of its two-part tender offer.
Japanese IT firm Fuji Soft has reaffirmed its support for the second stage of a tender offer buyout from US private equity firm KKR and came out against a higher offer from rival Bain Capital, it said in a statement on Tuesday. KKR now owns about 34% of Fuji Soft after the first stage of its two-part tender offer, mainly through… Continue reading Fuji Soft sticks with KKR, rejects Bain’s raised buyout offerKKR now owns about 34% of Fuji Soft after the first stage of its two-part tender offer.