Snapmint has raised $18 million in a mix of debt and equity funding, while FirstClub Technology and FinX have secured seed funding. Snapmint raises $18m funding Snapmint, a no-cost EMI platform, has raised $18 million in a mix of debt and equity funding round led by Prashasta Seth (Prudent Investment Managers), with participation from Perpetuity… Continue reading India Digest: Snapmint, FirstClub, FinX raise fundingBlume Founders Fund, Quiet Capital, and 2am VC also participated in FirstClub’s funding round.
Author: Deal Street Asia Online News
Singapore’s Eureka Robotics raises $10.5m from B Capital, othersThe company plans to enter the US market next year and expand in Japan.
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Accel, Kalaari look to sell stake in Bluestone Jewellery’s $350m India IPOThe company is seeking a valuation of $1.4b, Reuters reported.
India’s Bluestone Jewellery and Lifestyle is seeking a valuation of at least 120 billion rupees ($1.41 billion) in an initial public offering, two sources said on Thursday. The jeweller is seeking to sell new shares worth Rs 1,000, while existing shareholders, including Accel India and Kalaari Capital, are looking to sell 24 million shares, draft… Continue reading Accel, Kalaari look to sell stake in Bluestone Jewellery’s $350m India IPOThe company is seeking a valuation of $1.4b, Reuters reported.
Greater China Digest: I Squared mulls offer for HKBN; Beijing Tongyizhong to buy X-FiperChina Mobile has already offered to buy all HKBN shares.
Private equity firm I Squared Capital has started due diligence on Hong Kong-listed HKBN, while Shanghai-listed Beijing Tongyizhong may buy a 75.8% stake in X-Fiper New Materials for over $33 million. I Squared Capital starts due diligence on HKBN PE firm I Squared Capital has commenced due diligence on Hong Kong broadband internet services provider… Continue reading Greater China Digest: I Squared mulls offer for HKBN; Beijing Tongyizhong to buy X-FiperChina Mobile has already offered to buy all HKBN shares.
Five trends & strategies that will define Asia’s PE landscape in 2025Secondaries and private credit will continue to rule.
As Asia’s private equity braved yet another year of headwinds, the dynamics in the industry shifted considerably. From the emergence of new strategies to capital flow seeking new alpha, the diversity of Asia and an underpenetrated private capital market make it an exciting region to invest in. Go to Source
Bain Capital offers to buy Australia’s Insignia Financial for $1.7bThe 178-year-old wealth manager has been valued at $1.7b.
Australia’s Insignia Financial said on Friday it has received a non-binding takeover all-cash proposal from private equity Bain Capital, valuing the 178-year-old wealth manager at A$2.67 billion ($1.70 billion). Under the offer, Insignia shareholders will receive A$4.00 per share, which represents a 17.6% premium to the stock’s closing price of A$3.40 on Thursday. The stock shot… Continue reading Bain Capital offers to buy Australia’s Insignia Financial for $1.7bThe 178-year-old wealth manager has been valued at $1.7b.
UK regulatory approval for Shein’s IPO delayed by NGO opposition: reportAn advocacy group for China’s Uyghur population challenged the listing.
Britain’s financial regulator is taking longer than usual to approve fast-fashion retailer Shein‘s IPO because it is checking its supply chain oversight and assessing legal risks after an advocacy group for China’s Uyghur population challenged the listing, according to two sources close to the matter. Britain’s Independent Anti-Slavery Commissioner, a monitoring body of the interior ministry,… Continue reading UK regulatory approval for Shein’s IPO delayed by NGO opposition: reportAn advocacy group for China’s Uyghur population challenged the listing.
Vishal Mega Mart’s $943m India IPO fully subscribed on Day 2Still, retail investors were not as hungry for the IPO.
Indian budget retailer Vishal Mega Mart’s $943 million IPO was fully subscribed on the second day of bids on Thursday, though a flood of recent offerings dulled retail investors’ appetite for a company analysts say is immune to its bigger rivals’ problems. The issue got bids for 1.17 billion shares at the end of the second day… Continue reading Vishal Mega Mart’s $943m India IPO fully subscribed on Day 2Still, retail investors were not as hungry for the IPO.
APAC may beat global markets in PE returns recovery: PreqinGrowth and fund-of-funds strategies are expected to boost returns.
Asia Pacific (APAC) private equity is likely to emerge as an outlier over the next five years as returns globally are forecast to cool down, according to Preqin’s Private Equity 2025 report. The private market data firm projected that returns will ease across most private equity strategies and regions, except for APAC, during the six-year… Continue reading APAC may beat global markets in PE returns recovery: PreqinGrowth and fund-of-funds strategies are expected to boost returns.
Australia fines Kraken crypto exchange $5.1m for issuing credit facility to customersASIC said the bourse failed to determine the right customers for …
Australia’s corporate watchdog said on Thursday that the country’s federal court ordered crypto exchange Kraken’s local operator to pay an A$8 million ($5.1 million) fine for unlawfully issuing a credit facility to more than 1,100 customers. The Australian Securities and Investments Commission (ASIC) initiated civil proceedings last year against Bit Trade, which operates the Kraken… Continue reading Australia fines Kraken crypto exchange $5.1m for issuing credit facility to customersASIC said the bourse failed to determine the right customers for …