Hong Kong-based private equity firm PAG will conclude the fundraising for its latest buyout fund at $4 billion later this month, falling short of its original target of $9 billion as investors are hesitant to invest new capital in the region, Bloomberg reported on Thursday. Last year, PAG had reduced the target size of the… Continue reading PAG to close fourth pan-Asian buyout fund at $4b—less than half of original target: report
Author: Deal Street Asia Online News
Paris-based YesWeHack raises $28m led by PE firm WendelNew investors such as VC firms Adelie and Seventure Partners also participated.
Paris-based YesWeHack, a global Bug Bounty and vulnerability management platform, has raised $28 million in Series C funding, according to a company announcement on Thursday. The funding was led by private equity firm Wendel, with participation from new investors such as venture capital firms Adelie and Seventure Partners, as well as reinvestment from Bpifrance, Open… Continue reading Paris-based YesWeHack raises $28m led by PE firm WendelNew investors such as VC firms Adelie and Seventure Partners also participated.
India Digest: Peak XV, Matrix, Cactus Partners and Evolvence make investments
RENÉE Cosmetics, advanced manufacturing startup Ethereal Machines, home décor brand Trampoline and EV component supplier Indigrid Technology have raised fresh capital. RENÉE Cosmetics raises $12m RENÉE Cosmetics, a new-age beauty brand, has raised $12 million in its Series B round led by existing investors Evolvence India and Edelweiss Group. The latest round values the firm… Continue reading India Digest: Peak XV, Matrix, Cactus Partners and Evolvence make investments
Asia Digest: Japan’s matsuri raises $8.65m Series D; GOPIZZA bags $10m from Thai CP Group unit
Japan’s matsuri technologies and S Korean pizza chain GOPIZZA have secured fresh funding. matsuri raises $8.65m Series D round Japan’s matsuri Technologies Inc, the software-driven provider of StayX, a solution that converts single-use rooms into multiple-use spaces, has raised $8.65 million in a Series D round, according to an announcement. Vertex Ventures Southeast Asia and… Continue reading Asia Digest: Japan’s matsuri raises $8.65m Series D; GOPIZZA bags $10m from Thai CP Group unit
GoTo says e-commerce business to make ‘prudent decisions’ on job cutsGoTo provided the update in an IDX disclosure after media reports emerged that By…
Indonesia-listed technology group PT GoTo Gojek Tokopedia Tbk on Thursday said its e-commerce arm will make “prudent decisions” regarding potential layoffs. The company provided the update in a disclosure to the Indonesia Stock Exchange (IDX) after media reports emerged that ByteDance, which owns a majority stake in GoTo’s e-commerce arm, Tokopedia, was planning to cull… Continue reading GoTo says e-commerce business to make ‘prudent decisions’ on job cutsGoTo provided the update in an IDX disclosure after media reports emerged that By…
HKIC kicks off direct startup investments after partnership with AI unicorn SmartMore
Hong Kong Investment Corporation (HKIC), the government-owned investment firm that manages HK$62 billion ($7.94 billion), has formed a strategic partnership with the city’s homegrown artificial intelligence (AI) unicorn SmartMore. This partnership comes as HKIC, widely perceived as the city’s version of Singapore’s Temasek Holdings, is set to make its first batch of widely-anticipated startup investments… Continue reading HKIC kicks off direct startup investments after partnership with AI unicorn SmartMore
China urges EU to reverse ‘wrong direction’ on EV tariffs
Beijing hopes the European Union will reconsider tariffs on Chinese electric vehicles and stop going further in the “wrong direction” to shield its auto industry from competition, according to state news agency Xinhua. The reaction from China and others embroiled in the dispute, including European and Chinese car makers, points to clear opposition to the EU decision and an eagerness to… Continue reading China urges EU to reverse ‘wrong direction’ on EV tariffs
Chinese trade credit solution provider Oabay to go public in Nasdaq via $393m SPAC dealAs a result of the combination, Oabay shareholders will receive…
Oabay Inc., which provides trade credit digital transformation solutions, through its wholly-owned subsidiary in mainland China, is merging with a blank-cheque firm in a $393-million deal to commence trading on the Nasdaq. The merger with the Nasdaq-listed Bayview Acquisition Corp is anticipated to close in the second half of 2024, according to a company release.… Continue reading Chinese trade credit solution provider Oabay to go public in Nasdaq via $393m SPAC dealAs a result of the combination, Oabay shareholders will receive…
India: Indkal Technologies raises $36m led by Mauritius-based Aries Opportunities Fund
Bengaluru-based Indkal Technologies Private Limited, a consumer electronics startup, on Thursday announced that it has raised $36 million (about 300 crore) in a funding round led by Mauritius-based Aries Opportunities Fund at an undisclosed valuation. The fresh capital raised will be used to support product development infrastructure of products like air conditioners, televisions, washing machines,… Continue reading India: Indkal Technologies raises $36m led by Mauritius-based Aries Opportunities Fund
India: 360 ONE to buy Times Internet’s ET Money for $44m
360 ONE Wealth Asset Management (WAM), India’s wealth manager for ultra-high-net-worth individual families, has agreed to buy Times Internet-owned ET Money for Rs 365.8 crore ($44 million) in a stock swap and part-cash deal. 360 ONE will pay Rs 85.8 crore in cash to Times Internet, while the remaining will be through issuing 3.5 million… Continue reading India: 360 ONE to buy Times Internet’s ET Money for $44m