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Author: Deal Street Asia Online News
Morgan Stanley invests in SKG Health and 38 other Greater China Deals worth over $545mSome of its competitors include Shenzhen Breo Technology, Ecovac…
Chinese wearable massager product maker SKG Health Technologies has secured undisclosed funding in a strategic round from the private equity investment arm of Morgan Stanley in China in a strategic financing round, according to a company release on August 5. Go to Source
Indian baby products retailer FirstCry jumps in trading debutThe company is backed by SoftBank, TPG, and M&M.
Shares of Indian baby products retailer FirstCry surged 52% in its trading debut in Mumbai on Tuesday, as investors bet on the booming childcare market in the world’s most populous country. The stock listed at 651 rupees on the National Stock Exchange of India, compared with an offer price of 465 rupees. The company’s $501… Continue reading Indian baby products retailer FirstCry jumps in trading debutThe company is backed by SoftBank, TPG, and M&M.
Carlyle Group seeks extension for sixth Asia fund: ReportThe new fund’s corpus target was reportedly slashed to $6b from $8.5b.
Private equity major Carlyle has sought an extension for the closing of its latest Asia fund, Bloomberg reported on Tuesday, adding that the firm is said to have raised $3 billion so far for the vehicle launched in mid-2022. Carlyle Asia Partners VI had an original target of $8.5 billion, which was reportedly slashed to… Continue reading Carlyle Group seeks extension for sixth Asia fund: ReportThe new fund’s corpus target was reportedly slashed to $6b from $8.5b.
SG’s Antler hits final close of second SE Asia fund at $72mAntler SEA Fund II will continue to invest in early-stage tech-enabled companies in the reg…
Global venture capital (VC) firm Antler, known to incubate nascent startups from day zero, announced that it has made the final close of its second Southeast Asia fund at $72 million. The new fund, Antler SEA Fund II, will continue to invest in early-stage tech-enabled companies in the region with pre-launch, pre-seed, and seed capital,… Continue reading SG’s Antler hits final close of second SE Asia fund at $72mAntler SEA Fund II will continue to invest in early-stage tech-enabled companies in the reg…
India Digest: Kinetic Green raises $25m; Somerset Indus hits first close of third PE fundKinetic Green’s Series A was led by Greater Pacific Capital.
Electric vehicle maker Kinetic Green has raised $25 million from PE firm Greater Pacific Capital in its Series A round of funding. Separately, healthcare-focused private equity firm Somerset Indus Capital Partners, which is an investor in companies such as Genworks, Apex Hospitals, globela Pharma, and Sterling Hospitals, has secured the first close of its third… Continue reading India Digest: Kinetic Green raises $25m; Somerset Indus hits first close of third PE fundKinetic Green’s Series A was led by Greater Pacific Capital.
India Digest: Vertex leads $8m funding in Kazam; 4baseCare raises $6m4baseCare has raised $6m led by Yali Capital.
E-mobility startup Kazam has raised $8 million in its Series A3 funding round led by Vertex Ventures Southeast Asia and India. In another development, oncology startup 4baseCare has raised $6 million in its Series A funding round led by Yali Capital and other investors. Vertex leads $8m funding in Kazam Bengaluru-based e-mobility startup Kazam has… Continue reading India Digest: Vertex leads $8m funding in Kazam; 4baseCare raises $6m4baseCare has raised $6m led by Yali Capital.
Chinese CRM solutions provider Facishare raises $75m in strategic financingEastern Bell Capital led the transaction.
Beijing Facishare Technology, a Chinese Software-as-a-Service (SaaS) firm specialising in customer relationship management (CRM) solutions, has raised $75 million to upgrade its product suite and ramp up global expansion plans. Eastern Bell Capital, a Chinese venture capital (VC) firm that manages 27 billion yuan (almost $3.8 billion), led the transaction, with participation from Qiming Venture… Continue reading Chinese CRM solutions provider Facishare raises $75m in strategic financingEastern Bell Capital led the transaction.
India’s Bharti to buy telecom tycoon Patrick Drahi’s stake in BT worth $4bDrahi’s Altice group is struggling with high debt.
India’s Bharti Enterprises said it would acquire a 24.5% stake in BT, worth about 3.2 billion pounds ($4 billion), buying out the British company’s top investor, telecoms tycoon Patrick Drahi, as his Altice group struggles with high debts. Bharti said in a statement on Monday that it had no intention of making an offer to… Continue reading India’s Bharti to buy telecom tycoon Patrick Drahi’s stake in BT worth $4bDrahi’s Altice group is struggling with high debt.
Indian wealth management platform Neo raises $48m led by MUFG, Euclidean CapitalNeo raised $35 million in October led by Peak XV Partners.
Neo Group, India’s wealth management firm for HNIs (high net-worth individuals), UHNIS (ultra HNIs) and multi-family offices, has raised Rs 400 crore ($47.8 million) in its latest funding round led by Japan’s MUFG Bank and New York-based Euclidean Capital. Founded in 2021 by Nitin Jain, the ex-CEO of Edelweiss Wealth and Asset Management, Neo raised… Continue reading Indian wealth management platform Neo raises $48m led by MUFG, Euclidean CapitalNeo raised $35 million in October led by Peak XV Partners.