Author: Deal Street Asia Online News

India’s Sterlite Power raises $86m from GEF Capital Partners, ENAM HoldingsThe GPS business was hived off as part of Sterlite Power’s demerger exercis…

Sterlite Power, backed by metals magnate Anil Agarwal’s Vedanta Group, on Monday announced raising Rs 725 crore ($85.5 million) for its Global Products and Solutions (GPS) business from GEF Capital Partners and ENAM Holdings. The GPS business was hived off as part of Sterlite Power’s demerger exercise in October, making this the first fundraise for… Continue reading India’s Sterlite Power raises $86m from GEF Capital Partners, ENAM HoldingsThe GPS business was hived off as part of Sterlite Power’s demerger exercis…

Unicorn India Ventures sees robust exit pipeline in 2025The firm is looking to make the final close of its third fund by March 2025.

Unicorn India Ventures, an early-stage technology-focused venture capital (VC) firm in India, is gearing up for an action-packed 2025, anticipating 4-5 exits through a mix of secondary sales and strategic acquisitions, a top executive at the firm said. Go to Source

VFLO Medical raises Series B round and 53 Greater China deals worth over $1.3bThe company has secured $80m in the round from 6 Dimensions Capital and …

Chinese medical device firm VFLO Medical has secured $80 million in a Series B funding round, roping in its existing shareholder US-domiciled fund 6 Dimensions Capital and its successor fund 120 Capital among other investors, according to an announcement.  Go to Source

Indian budget retailer Vishal Mega Mart’s IPO draws bids worth $19bThe supermarket operator’s IPO coincided with those of MobiKwik and Sai Life Scienc…

Vishal Mega Mart’s initial public offering drew bids worth $19 billion on Friday as institutional investors piled in, underscoring confidence in the budget retailer’s growth prospects and its resilience amid a quick-commerce boom. Investors placed bids for 20.6 billion shares at the end of the three-day process, per exchange data, far above the 756.8 million shares… Continue reading Indian budget retailer Vishal Mega Mart’s IPO draws bids worth $19bThe supermarket operator’s IPO coincided with those of MobiKwik and Sai Life Scienc…

Databricks nears record $9.5b VC raise from GIC, othersThrive Capital, Andreessen Horowitz, and Insight Partners may participate.

Software firm Databricks is nearing a deal that could become one of the largest venture capital funding rounds in history, as investors have shown a strong appetite to own a piece of the fast-growing data analytics firm, three sources said on Friday. The round, almost twice oversubscribed, could top $9.5 billion when it is finalized next week,… Continue reading Databricks nears record $9.5b VC raise from GIC, othersThrive Capital, Andreessen Horowitz, and Insight Partners may participate.

US-based QED Investors leads $25.5m funding round in India’s One CardWhile QED invested $15m in the round, other investors BTV Ventures, Peak XV, and …

Fintech-focused global venture capital firm QED Investors on Friday said it has led a $25.5-million round of funding in FPL Technologies, which offers credit cards to customers through its fintech firm OneCard. While QED invested $15 million in the round, other investors BTV Ventures, Peak XV, and Z47 also participated. Founded in 2019, OneCard offers… Continue reading US-based QED Investors leads $25.5m funding round in India’s One CardWhile QED invested $15m in the round, other investors BTV Ventures, Peak XV, and …

DigiCo REIT sees tepid debut after Australia’s biggest IPO in six yearsDigiCo manages an A$4 billion portfolio of data centres across the U.S. and Aus…

Shares in DigiCo Infrastructure REIT, a data centre landlord and operator, hovered around their IPO price on Friday – a subdued debut after marking Australia’s biggest listing in six years. DigiCo, whose IPO raised A$2 billion ($1.3 billion), was trading at A$4.935 in the afternoon, a bit below the A$5.00 offer price. It rose to… Continue reading DigiCo REIT sees tepid debut after Australia’s biggest IPO in six yearsDigiCo manages an A$4 billion portfolio of data centres across the U.S. and Aus…