Venture capital funding in crypto rises 40% to $2.4b in Q1, show PitchBook data

Crypto startup funding rose for a second straight quarter to hit $2.4 billion in the first three months of 2024, PitchBook data showed, as expectations of lower interest rates and the debut of the first U.S. bitcoin spot ETF whetted investor appetite. Funding was spread across 518 deals and rose by 40.3% from the previous… Continue reading Venture capital funding in crypto rises 40% to $2.4b in Q1, show PitchBook data

Temasek-backed Pine Labs joins PhonePe, Meesho in shifting base to IndiaPine Labs is valued at over $5b and also backed by investors such as Invesco, …

Merchant commerce platform Pine Labs has received approval from a Singapore court to move its operations to India, joining a host of several companies that have either relocated or are in the process of relocating to India, regulatory filings showed. Valued at over $5 billion and backed by investors such as Invesco, Temasek, Peak XV,… Continue reading Temasek-backed Pine Labs joins PhonePe, Meesho in shifting base to IndiaPine Labs is valued at over $5b and also backed by investors such as Invesco, …

ID Digest: GoTo seeks nod for share buyback, leadership changes; Reazon backs Jendela

Indonesian real estate startup Jendela has raised fresh funding while tech giant GoTo Group is seeking board approval for share buyback and leadership changes. Jendela raises investments from Reazon Reazon Holdings has invested in Jendela (Vidi Vici Digital Pte. Ltd), a real estate brokerage platform, based in Indonesia, per its announcement. The funding marks Reazon’s… Continue reading ID Digest: GoTo seeks nod for share buyback, leadership changes; Reazon backs Jendela

Saudi Arabia’s pension fund Hassana commits $1.5b to TPG Rise Climate’s funds

Saudi Arabia’s Hassana Investment Company will make a “substantial anchor commitment” to TPG Rise Climate’s new Transition Infrastructure fund under a recently announced $1.5-billion strategic partnership. A part of the commitment will go to the TPG Rise Climate II fund, Bloomberg reported. TPG Rise Climate is part of alternative asset manager TPG’s $19-billion impact platform… Continue reading Saudi Arabia’s pension fund Hassana commits $1.5b to TPG Rise Climate’s funds

KFC Holdings Japan receives tender offer from Carlyle-backed fund

Fast food operator KFC Holdings Japan said on Monday that a Carlyle Group-backed fund launched a tender offer for its shares. Crispy Holdings will offer 6,500 yen per share, a 20% premium to KFC Holding’s closing price on Monday. The tender period will last from May 22 to July 9. Mitsubishi Corp., the biggest shareholder… Continue reading KFC Holdings Japan receives tender offer from Carlyle-backed fund