The Asian Development Bank (ADB) has approved a financing package of up to $80 million for Vietnam-based Lien Viet Post Joint Stock Commercial Bank (LPBank) to support the bank’s expansion of access to finance for a women-owned small and medium-sized enterprises (WSMEs) project. The financing comprises a $30 million loan from ADB’s ordinary capital resources… Continue reading ADB approves $80m loan package to Vietnam’s Lien Viet Post JSC Bank
Author: Deal Street Asia Online News
India Digest: Antler India, Recur Club announce investmentsAntler will make 20 investments and the cheque size will be $500K.
Early-stage investment platform Antler India is investing $10 million in idea-stage startups, while debt marketplace for startups Recur Club has announced its latest credit offering. Antler India to invest $10m in idea-stage startups Early-stage investment platform Antler India has decided to invest $10 million in idea-stage startups, according to a top executive at the firm.… Continue reading India Digest: Antler India, Recur Club announce investmentsAntler will make 20 investments and the cheque size will be $500K.
Chinese IoT security solutions provider Ingeek closes $41m Series C round
Internet of Things (IoT) security solutions provider Ingeek on Wednesday announced the completion of its Series C round at almost 300 million yuan ($41.4 million), as it explores overseas opportunities by servicing China’s going-global intelligent connected vehicles. German automotive supplier Continental AG and an RMB-denominated venture capital (VC) fund managed by China’s Qifu Antai Investment… Continue reading Chinese IoT security solutions provider Ingeek closes $41m Series C round
SG Digest: Ryde completes secondary listings in Germany; Sandbox trials for EV charging gets nod
Ride-hailing and car-pooling company Ryde has completed its secondary listings in Germany while Singapore has approved four sandbox trials for battery charging and swapping systems for electric heavy goods vehicles and mobile charging systems. SG’s Ryde completes secondary listings in Germany Singapore-based ride-hailing and car-pooling company Ryde has completed its secondary listings on the Frankfurt… Continue reading SG Digest: Ryde completes secondary listings in Germany; Sandbox trials for EV charging gets nod
CalPERS commits over $1b to Asia-focused PE funds
The California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the US, has committed capital to a string of private equity (PE) funds managed by B Capital, TPG, and MBK Partners in Q4 2023, according to quarterly financial documents. Go to Source
China Digest: Flying car startup Volant raises funding; Chengwei Capital co-leads Tesseract roundThe seed funding will allow Tesseract to advance its …
Volant, a Chinese developer of electric vertical take-off and landing aircraft (eVTOLs), has closed its third funding round this year while Chengwei Capital co-led a $20-million seed round in Tesseract Medicines. Commercial passenger eVTOL aircraft developer Volant raises $14.1m Shanghai-based eVTOL aircraft developer Volant Aerotech has closed another nine-digit funding round that takes its total… Continue reading China Digest: Flying car startup Volant raises funding; Chengwei Capital co-leads Tesseract roundThe seed funding will allow Tesseract to advance its …
At $156m, Johor Plantations launches Malaysia’s largest IPO in 2 years
Malaysian palm oil company Johor Plantations Group launched its initial public offering on Wednesday that will raise 735 million ringgit ($155.89 million) in what would be the country’s biggest IPO in more than two years. The last big IPO in Malaysia was in March 2022, when dairy producer Farm Fresh raised 1 billion ringgit. Johor Plantations offered an up to 35% stake, or as much as 875… Continue reading At $156m, Johor Plantations launches Malaysia’s largest IPO in 2 years
Foxtale raises $18m funding led by Panthera and India deals worth $242m
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Bharat Innovation Fund gears up to launch second deeptech vehicleThe firm expects to hit the first close within a year.
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PE firm CX Partners leads $50m funding in India’s Sabine HospitalSingapore-based Tanas Capital is part of the investor consortium.
Sabine Hospital and Research Centre has secured $50 million in a funding round led by mid-market private equity firm CX Partners, per an announcement on Tuesday. Singapore-based Tanas Capital, a growth-stage private equity firm, is part of the investor consortium, the hospital chain said in a statement. “CX Partners and the consortium of investors share… Continue reading PE firm CX Partners leads $50m funding in India’s Sabine HospitalSingapore-based Tanas Capital is part of the investor consortium.