Author: Deal Street Asia Online News

Bain Capital leads $120m Series C for Angitia BiopharmaThe latest round comes 10 months after its $40m Series B extension led by China’s YueKai Health…

Angitia Biopharmaceuticals, a clinical-stage biotech firm with operations in the US and China, has secured $120 million in a Series C round of financing led by Bain Capital Life Sciences. The Woodland Hills, California-based company also raised capital from new investor Janus Henderson and existing investors including US healthcare investment firm OrbiMed, as well as… Continue reading Bain Capital leads $120m Series C for Angitia BiopharmaThe latest round comes 10 months after its $40m Series B extension led by China’s YueKai Health…

Temasek-backed Vertex Ventures leans on India in 2024, but will 2025 be different?In 2024, India accounted for about two-thirds of its new investments…

Temasek-backed Vertex Ventures’s portfolio in 2024 was dominated by India, which accounted for two-thirds of its investments driven by a surge in high-quality, capital-efficient startups, a top executive told DealStreetAsia, adding that the firm’s future deal pipeline is also skewed towards the world’s fifth-largest economy. Go to Source

KKR, EQT said to have bid for Japanese eyecare products maker TopConTopCon shares rose as much as 23% on Wednesday.

Japanese eyecare products maker TopCon is exploring going private and other measures to raise corporate value, it said in a statement, following reports that private equity firms were placing bids to buy the company. Private equity firms including KKR & Co are bidding to acquire the company, two sources with knowledge of the matter said.… Continue reading KKR, EQT said to have bid for Japanese eyecare products maker TopConTopCon shares rose as much as 23% on Wednesday.

India: Robotics startup Haber raises $44m led by Creaegis, BEENEXT, AccelThe funding comprises $38 million equity and $6 million debt.

Artificial intelligence-driven robotics startup Haber has raised $44 million in its Series C funding round led by Creaegis, BEENEXT, and Accel, per a company announcement. The funding round, comprising $38 million in equity and a $6-million debt component, will be used to fuel the company’s expansion internationally, with a key focus on the Americas. “Haber… Continue reading India: Robotics startup Haber raises $44m led by Creaegis, BEENEXT, AccelThe funding comprises $38 million equity and $6 million debt.

MobiKwik’s $67m India IPO fully sold in first hour on retail rushMobiKwik sold shares to Norges, HDFC MF, and Quant MF, among others.

Indian financial technology firm MobiKwik’s 5.72 billion-rupee ($67.4 million) IPO was fully subscribed within the first hour on Wednesday as investors bet on the company’s growth in a booming domestic online payments market. Overall subscription was 3.4 times the 11.9 million shares that MobiKwik put on offer as of 1 p.m. IST, with retail investors… Continue reading MobiKwik’s $67m India IPO fully sold in first hour on retail rushMobiKwik sold shares to Norges, HDFC MF, and Quant MF, among others.

Deals Digest: Rigel Capital backs workplace design firm; EAAIF bets on Pak aviation fuelThe debt investment marks EAAIF’s first investment in the regi…

Rigel Capital has led the Series A extension funding for Saltmine, while EAAIF has invested $20 million in a sustainable aviation fuel facility in Pakistan. Rigel Capital leads Saltmine’s Series A+ round Singapore-based venture capital firm Rigel Capital has anchored the Series A extension round for Saltmine, an enterprises platform for workplaces, according to an… Continue reading Deals Digest: Rigel Capital backs workplace design firm; EAAIF bets on Pak aviation fuelThe debt investment marks EAAIF’s first investment in the regi…

SAIC Motor’s auto logistics unit pockets over $275m from two new investorsShanghai International Port (Group) and COSCO Shipping Holdings will snap up…

SAIC Anji Logistics, the wholly-owned automotive logistics arm under state-owned automaker SAIC Motor, has roped in two new state-affiliated investors, snapping up 2 billion yuan ($275.7 million) in investment.  Shanghai International Port (Group), which operates all the public terminals in the Shanghai port, together with container shipping firm COSCO Shipping Holdings will get a 10%… Continue reading SAIC Motor’s auto logistics unit pockets over $275m from two new investorsShanghai International Port (Group) and COSCO Shipping Holdings will snap up…

Orsted sells 50% stake in Greater Changhua 4 wind farm for $1.64bnIt will continue to own the remaining 50% ownership stake in the wind farm.

Denmark’s Orsted said on Wednesday it has agreed to sell a 50% stake in its Greater Changhua 4 offshore wind farm to Taiwan’s Cathay Life Insurance for about 11.6 billion Danish crowns ($1.64 billion). The Greater Changhua 4 site is part of Orsted’s 920 megawatt (MW) offshore wind farms Greater Changhua 2b and 4, which… Continue reading Orsted sells 50% stake in Greater Changhua 4 wind farm for $1.64bnIt will continue to own the remaining 50% ownership stake in the wind farm.