US- and Bengaluru-based Triomics has raised $15 million in a funding round led by prominent Silicon Valley firms. Separately, Regrip has raised $2 million in a fresh funding round led by Qatar-based venture capital FIRM Sirious One alongside Inflection Point Ventures and Let’s Venture. Triomics raises $15m from Lightspeed, others US- and Bengaluru-based Triomics, a… Continue reading India Digest: Triomics and Regrip raise funding
Author: Deal Street Asia Online News
Australian VC Square Peg plans to raise $550m for sixth fund
Australian venture capital (VC) firm Square Peg plans to raise $550 million for its sixth fund in the second half of 2024 while maintaining its focus on investment activities in Southeast Asia, Australia, and Israel, a top executive told DealStreetAsia. Square Peg also plans to beef up its Southeast Asian investment team, based out of… Continue reading Australian VC Square Peg plans to raise $550m for sixth fund
HK stocks recover thanks to mainland China investors but face longevity test
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Korean AI chip startup DEEPX nets $80.5m Series C fundingThe firm had last raised about $15 million in Series B funding in 2021.
DEEPX, a South Korean AI semiconductor tech startup, has announced raising $80.5 million in its Series C funding round backed by private equity firms. The company said the latest funding round saw an increase of over eight times from its Series B funding, which was about $15 million raised in 2021. According to reports, the… Continue reading Korean AI chip startup DEEPX nets $80.5m Series C fundingThe firm had last raised about $15 million in Series B funding in 2021.
China’s Zeekr prices US IPO at top of range to raise $441mZeekr upsized its IPO to sell 21 million American Depositary Shares at $21 per share.
Chinese electric vehicle maker Zeekr Intelligent Technology priced its U.S. initial public offering (IPO) at the top of its indicated range on Thursday, raising $441 million, a person familiar with the matter said. Zeekr, which is the premium brand of Chinese automaker Geely, upsized its IPO to sell 21 million American Depositary Shares at $21… Continue reading China’s Zeekr prices US IPO at top of range to raise $441mZeekr upsized its IPO to sell 21 million American Depositary Shares at $21 per share.
Vietnam’s Pharmacity said to have raised funding from US-based Avenue Capital Group
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Singapore’s OCBC offers $1b to take insurer Great Eastern private
Singapore’s second-biggest lender, OCBC, unveiled a S$1.4 billion ($1.04 billion) offer on Friday to buy the remaining stake in insurer Great Eastern Holdings and delist the company. OCBC, Great Eastern’s biggest shareholder, said it would acquire the 11.56% stake in the insurer that it does not currently own. If it goes through, the deal will… Continue reading Singapore’s OCBC offers $1b to take insurer Great Eastern private
SoftBank in talks with Naver over control of Line operator LY
SoftBank CEO Junichi Miyakawa said on Thursday that the Japanese telecommunications firm is in talks with South Korea’s Naver over control of LY Corp, which operates the popular messaging app Line. Naver said last week that “very unusual” administrative guidance from the Japanese government over a data leak last year required it to reduce its… Continue reading SoftBank in talks with Naver over control of Line operator LY
China Deal Review: At 195, deal volume hits three-month high in April
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Chinese telehealth firm TaiDoc Health snaps over $127m from investors
Telehealth platform TaiDoc Health, an associate firm of top Chinese insurer China Pacific Insurance, has pocketed 920 million yuan ($127.3 million) in its latest funding round. The round roped in SIG Asset Management, the wholly-owned subsidiary of state-owned financial holding group Shanghai International Group; Japanese insurer Mitsui Sumitomo Insurance; as well as existing shareholders including… Continue reading Chinese telehealth firm TaiDoc Health snaps over $127m from investors