Fairfax India Holdings Corp on Monday said Prem Watsa, popularly known as “Canada’s Warren Buffett”, will step down as the investment firm’s chairman. He will be replaced by his son Benjamin Watsa, effective July 1, as chair but will continue to serve as a director on the board, the company said. The firm also hired… Continue reading Canadian billionaire Prem Watsa to step down as Fairfax India chairman
Author: Deal Street Asia Online News
Aura Group seeks to raise $120m for maiden PE fund, to focus on SE AsiaThe firm is likely to hit the first close of the fund this year and a final clo…
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GenAI to separate the haves from the have-nots in startup world, says Capria’s Dave Richards
Dave Richards, managing partner, Capria Ventures The world of startups is being split into two by the arrival of generative AI (GenAI), and those who can leverage this new technology ahead of their peers will have a significant advantage in attracting funding, according to Dave Richards, co-founder and managing partner of Capria Ventures. Start your… Continue reading GenAI to separate the haves from the have-nots in startup world, says Capria’s Dave Richards
Seasoned Indian fund managers step down to launch own vehicles, but will it be an easy ride?
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Patamar Capital-backed Beacon Fund targets to invest up to $10m in women-led startups in Vietnam
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China sets up $828m fund to push solid-state EV battery development
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Kedaara-backed concrete equipment maker Ajax Engineering said to plan India IPOThe listing could reportedly value the company at $1.2 billion.
Indian concrete equipment maker Ajax Engineering, which is backed by local private equity (PE) firm Kedaara Capital, is considering an initial public offering (IPO) that could raise $240 million, Bloomberg reported on Monday. The listing could value the company at $1.2 billion, the report added. Bloomberg said Ajax is working with advisers to prepare for… Continue reading Kedaara-backed concrete equipment maker Ajax Engineering said to plan India IPOThe listing could reportedly value the company at $1.2 billion.
Temasek, Fidelity buy Lenskart shares for $200m at $5b valuationLenskart has attracted close to $1 billion in capital over the last 18 months.
Indian eyewear retailer Lenskart has raised $200 million in secondary investment from Temasek and Fidelity Management & Research Company. Avendus, which advised selling shareholders in the deal, announced the development on Monday. The identity of the investors who sold their stake remains undisclosed. According to TechCrunch, the transaction values Lenskart at $5 billion. While existing investor… Continue reading Temasek, Fidelity buy Lenskart shares for $200m at $5b valuationLenskart has attracted close to $1 billion in capital over the last 18 months.
Chinese courier giant S.F. Holding gets regulatory nod for Hong Kong listing
China’s S.F. Holding, the country’s largest express delivery company, said it has received regulatory approval for a second listing in Hong Kong, which it expects to complete in the next year. It is the latest company to receive the go-ahead for a listing outside the mainland from the China Security Regulatory Commission (CSRC) after the… Continue reading Chinese courier giant S.F. Holding gets regulatory nod for Hong Kong listing
Chinese EV brand NIO’s power solutions arm raises $207m strategic financingNio Power plans to further expand its network of EV charging and battery sw…
Nio Power, a subsidiary of the publicly-listed Chinese electric vehicle (EV) maker NIO, has secured 1.5 billion yuan ($207 million) in strategic financing to fuel the growth of its network of charging and battery-swapping facilities. Headquartered in Wuhan, Nio Power raised the new financing from Wuhan Guangchuang Fund, an equity investment vehicle set up by… Continue reading Chinese EV brand NIO’s power solutions arm raises $207m strategic financingNio Power plans to further expand its network of EV charging and battery sw…