Foothill Ventures, a Los Altos, California-based technology venture fund that invests in seed and Series A rounds, has closed its oversubscribed third fund at over $110 million, according to a company executive. An early investor in the now Nasdaq-listed Chinese self-driving firm WeRide and the US-based popular speech-to-text app Otter.ai, Foothill Ventures held the final… Continue reading Early-stage VC Foothill Ventures closes oversubscribed Fund III at over $110mThe firm makes pre-seed, seed, and Series A investments in startups acros…
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Indonesia’s East Ventures closes maiden continuation fund with Coller CapitalThe GP-led transaction was designed for East Venture’s fifth seed fund.
Indonesian venture capital firm East Ventures has closed its inaugural continuation fund underwritten by secondary specialist Coller Capital, per a statement. The GP-led transaction was designed for East Venture’s fifth seed fund, bringing the total distributions-to-paid in capital (DPI) of the fund to approximately 2x, the company said. It was structured with a component of… Continue reading Indonesia’s East Ventures closes maiden continuation fund with Coller CapitalThe GP-led transaction was designed for East Venture’s fifth seed fund.
India Digest: Veteran investors launch new VC firm; Oyo revives IPO plansThe firm is eyeing the first close of its debut fund by March this year.
PE-VC veterans have joined hands to launch SamVed VC to back early-stage startups in India. Separately, hospitality giant Oyo is said to be reviving its IPO plans. SamVed VC targets $50m corpus for debut fund PE-VC veterans from Bridgewater Associates, LetsVenture, and Info Edge, among others, have joined hands to launch SamVed VC to back… Continue reading India Digest: Veteran investors launch new VC firm; Oyo revives IPO plansThe firm is eyeing the first close of its debut fund by March this year.
Indian PE firm Multiples eyes $300-400m for continuation fund: ReportThe firm closed its fourth fund at around $800 million early last year.
India’s Multiples Alternate Asset Management, led by former ICICI Venture veteran Renuka Ramnath, is eyeing a continuation fund with a target corpus of $300-400 million, Mint reported. The fund, which will include assets such as Vastu Housing Finance, APAC Financial Services Private Limited, and Quantiphi, is expected to roll out in the next few weeks,… Continue reading Indian PE firm Multiples eyes $300-400m for continuation fund: ReportThe firm closed its fourth fund at around $800 million early last year.
Northstar Group said to be in merger talks with Ares ManagementNorthstar is looking at a potential sale of its majority stake.
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Tech innovations, scalable models key to addressing Asia’s food security problemAPAC’s unique challenges necessitate innovative approaches, signalling…
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Addicts see silver lining as TikTok enters its final hours in USTikTok’s secret sauce is its algorithm, which makes it addictive.
TikTok is entering its final hours in the US ahead of a potential ban effective on Sunday, prompting howls of protest from devoted users of the beloved video-streaming app. Chelsea Rossi could not be happier. The part-time real estate agent from Albany, New York, said she spends a minimum of two hours on the app… Continue reading Addicts see silver lining as TikTok enters its final hours in USTikTok’s secret sauce is its algorithm, which makes it addictive.
Citadel Securities applies for securities licence in ChinaIn 2023, the US firm had hired ex-BlackRock exec Tony Tang to head its China operations.
Citadel Securities, one of the world’s largest market makers, on Friday filed an application for a securities licence in China, about a year after its global CEO expressed interest in entering the market. Billionaire Ken Griffin’s Citadel Securities has become the latest US firm to make a foray into China while Wall Street companies closely monitor any fallout… Continue reading Citadel Securities applies for securities licence in ChinaIn 2023, the US firm had hired ex-BlackRock exec Tony Tang to head its China operations.
Seven Indian startups picked for Indo-US space programmeThe companies include KaleidEO, EtherealX, Shyam VNL.
Seven Indian privately-held startups have been chosen for a first-of-its-kind India-US space and defence collaboration programme, potentially unlocking a lucrative and strategic market for Indian firms, an investor who co-launched the project told Reuters on Friday. The companies include space imaging company KaleidEO, rocket makers EtherealX and AI-driven company Shyam VNL. They will participate in a programme for defence and dual-use technology and explore opportunities to… Continue reading Seven Indian startups picked for Indo-US space programmeThe companies include KaleidEO, EtherealX, Shyam VNL.
India Digest: Bain backs Dhoot Transmission; Temasek-backed Manipal Health eyes $1b IPODhoot Transmission may be valued at around $1b, according to re…
Bain Capital has acquired a stake in automotive component maker Dhoot Transmission Group, while hospital chain Manipal Health Enterprises has invited banker pitches for a $1 billion IPO within the next twelve months. Bain Capital buys stake in Dhoot Transmission US private equity giant Bain Capital has invested in Aurangabad-based automotive component manufacturer Dhoot Transmission… Continue reading India Digest: Bain backs Dhoot Transmission; Temasek-backed Manipal Health eyes $1b IPODhoot Transmission may be valued at around $1b, according to re…