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…
Author: Deal Street Asia Online News
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.
AI startup Databricks seals $10b funding with participation from GICThe round was led by Joshua Kushner’s Thrive Capital.
Databricks has secured a $62 billion valuation after raising $10 billion in one of the largest venture capital funding rounds in history, underscoring the unprecedented appetite for AI-focused startups. The round, led by Joshua Kushner’s Thrive Capital, drew investments from elite firms, including Andreessen Horowitz, DST Global, GIC, Insight Partners, and WCM Investment Management. Existing… Continue reading AI startup Databricks seals $10b funding with participation from GICThe round was led by Joshua Kushner’s Thrive Capital.
Chinese LLM unicorn Zhipu AI pockets over $411mLegend Capital re-upped in the fresh round.
Beijing-based Zhipu AI, one of China’s top large language model (LLM) startups, has pocketed 3 billion yuan ($411.8 million) in its latest funding round roping in state capital investors and strategic backers, whose names were not disclosed. Existing shareholders including Legend Capital, which is affiliated with Legend Holdings, also re-upped in the fresh round, according… Continue reading Chinese LLM unicorn Zhipu AI pockets over $411mLegend Capital re-upped in the fresh round.
Alibaba Entrepreneurs Fund’s $150m new AI-focused vehicle hits first closeBesides anchor sponsor, AEF, the new vehicle has roped in external limited p…
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Carraro India sets price band for downsized IPOThe company is seeking a valuation of $471m at the upper end of the IPO price range.
Carraro India has set a price band of 668 rupees to 704 rupees per share ($7.87-$8.29) for its downsized $147 million initial public offering, a newspaper advertisement showed on Tuesday. Carraro India, a unit of Italian vehicle transmission systems manufacturer Carraro International, makes axles and transmission systems for agricultural tractors and construction vehicles in India.… Continue reading Carraro India sets price band for downsized IPOThe company is seeking a valuation of $471m at the upper end of the IPO price range.
Nuveen secures $100m private capital mandate from South Korean pension managerThe mandate tapped Nuveen’s US private capital specialist Churchill Asse…
Property investment manager Nuveen announced that it has secured a $100-million private capital mandate from the Government Employees Pension Service of South Korea (GEPS). Nuveen, a $1.3 trillion global asset manager, said the mandate tapped its US private capital specialist, Churchill Asset Management, for the investment that will focus on US junior capital and private… Continue reading Nuveen secures $100m private capital mandate from South Korean pension managerThe mandate tapped Nuveen’s US private capital specialist Churchill Asse…
Singapore’s Tyme Group raises $250m, becomes first SE Asian unicorn of 2024The Series D funding was led by Brazil’s Nubank.
Singapore-based digital banking group Tyme has become the first startup from Southeast Asia to enter the unicorn club this year after raising fresh funding at a valuation of $1.5 billion. The fintech startup has raised $250 million in an oversubscribed Series D round led by Brazilian neobank Nubank, which injected $150 million, according to a… Continue reading Singapore’s Tyme Group raises $250m, becomes first SE Asian unicorn of 2024The Series D funding was led by Brazil’s Nubank.