Author: Deal Street Asia Online News

ABN Amro to buy German private bank Hauck Aufhäuser Lampe for $730m

Dutch lender ABN Amro has agreed to buy private bank Hauck Aufhäuser Lampe (HAL) for 672 million euros ($730 million), strengthening its position as one of the top three wealth management firms in Germany. The sale by Fosun International comes as the Chinese conglomerate, once one of the country’s most acquisitive, seeks to pare down… Continue reading ABN Amro to buy German private bank Hauck Aufhäuser Lampe for $730m

India’s Infra.Market cements $50m funding deal with Mars Unicorn FundThe fund had earlier invested $50 million in Infra.Market two years ago.

India-based construction solutions company Infra.Market on Tuesday said it has raised $50 million in funding from MARS Unicorn Fund, a joint venture between Liquidity Group and MUFG. The fund had earlier invested $50 million in Infra.Market two years ago. Founded by Souvik Sengupta and Aaditya Sharda in 2016, Infra.Market claims to be the only company… Continue reading India’s Infra.Market cements $50m funding deal with Mars Unicorn FundThe fund had earlier invested $50 million in Infra.Market two years ago.

Asia Digest: Vietnam’s Wesale raises seed round; Singapore’s Triple-A expands offeringsTriple-A aims to more than double its payment volumes by the en…

Hitseries Capital has invested in Vietnamese real estate platform WeSale, while Triple-A will start accepting PayPal’s stablecoin by next month. Hitseries Capital invests in WeSale Vietnam-based Hitseries Capital has announced its investment in WeSale, a Vietnam-based real estate trade platform. The investment amount was not disclosed; however, it is understand to be six-digit investment. The… Continue reading Asia Digest: Vietnam’s Wesale raises seed round; Singapore’s Triple-A expands offeringsTriple-A aims to more than double its payment volumes by the en…

Vietnamese financial services firm F88 swings back into profit in Q1 2024

Vietnamese microfinance company F88 reversed its 2023 loss with a 31 billion dong ($1.2 million) net profit in Q1 2024. The company reported a 528 billion dong ($20.7 million) loss last year. In Q1 this year, the firm recorded the highest revenue growth rate since the start of 2023, exceeding the original target by 6%,… Continue reading Vietnamese financial services firm F88 swings back into profit in Q1 2024

India’s Adani Group said to be weighing e-commerce, payment ventures

India’s Adani Group has been considering an application for a licence to operate on the country’s public digital payments network and is in talks with banks to finalise plans for a co-branded credit card, the Financial Times reported on Tuesday. The plans to dial up consumer businesses came as billionaire Gautam Adani‘s ports-to-power conglomerate mulled spending $84 billion… Continue reading India’s Adani Group said to be weighing e-commerce, payment ventures

Malaysia’s Ekuinas plans foray into private credit with $170m fund

Malaysia’s state-owned private equity fund Ekuinas on Tuesday said it plans to launch its maiden private credit fund with a corpus of 800 million ringgit ($170.4 million). “This direct lending model will broaden the spectrum of financing from Ekuinas, complementing our existing private equity investments in supporting the growth and customised needs of high-potential and… Continue reading Malaysia’s Ekuinas plans foray into private credit with $170m fund

Indian space startup Agnikul calls off maiden rocket launch for a fourth time

India’s Agnikul Cosmos called off a test flight of its first rocket on Tuesday seconds before it was due to launch – the fourth such cancellation in the last three months. Launches of India’s second privately built rocket, and first using a combination of gas and liquid fuel, had been aborted three times before because… Continue reading Indian space startup Agnikul calls off maiden rocket launch for a fourth time

India Digest: Sauce.VC floats new fund; BII leads funding in Turno 

Sauce.VC has launched its third fund with a target corpus of about $30 million. Separately, EV startup Turno has raised about $5.5 million in a fresh funding round. Sauce.VC floats $30m third fund Consumer-focused early-stage venture capital firm Sauce.VC has launched its third fund with a target corpus of about $30 million (Rs 250 crore),… Continue reading India Digest: Sauce.VC floats new fund; BII leads funding in Turno 

EQT’s mid-market growth fund closes at $1.6b, more than double the target The fund will prioritise India, SE Asia, Japan, and Australia and has alread…

EQT Private Capital Asia, formerly known as Baring Private Equity Asia (BPEA), has hit a $1.6-billion close of its latest mid-market fund focused on Asia Pacific, according to a statement on Monday.  The BPEA EQT Mid-Market Growth Fund has raised more than double its initial target of $750 million, despite a gloomy fundraising environment.  DealStreetAsia… Continue reading EQT’s mid-market growth fund closes at $1.6b, more than double the target The fund will prioritise India, SE Asia, Japan, and Australia and has alread…