US private equity fund Advent International has invested an undisclosed amount in Chinese pet food manufacturer Seek Pet Food, according to an announcement. The investment comes when China’s pet food market reached approximately $9.6 billion last year as the country’s pet population continues to grow, according to data cited by Advent International managing director David… Continue reading Advent International invests in China’s Seek Pet FoodAdvent will work with Seek founder Fang Yuan and shareholder Boyu Capital to boost firm’s growth.
Author: Deal Street Asia Online News
Indian micro VC firm Eximius Ventures gears up to launch second fundThe firm closed its maiden fund at $10 million in 2021.
Eximius Ventures, a pre-seed stage venture capital firm, is planning to double the size of its second fund which is likely to be launched in the fourth quarter of this year, as investors look to cash in on India’s long-term growth potential amid global uncertainties. Go to Source
Chinese robotaxi firm WeRide eyes US IPO at up to $5b valuationWeRide is aiming to raise $119.4m in the IPO.
China-based autonomous driving startup WeRide said on Friday it was seeking a valuation of as much as $5.02 billion in its initial public offering in the United States. The IPO announcement comes at a time when the Biden administration is expected to propose barring Chinese software in autonomous vehicles in the United States in the coming weeks.… Continue reading Chinese robotaxi firm WeRide eyes US IPO at up to $5b valuationWeRide is aiming to raise $119.4m in the IPO.
SG medtech firm Aevice Health raises $5.5m in seed extension fundingCoronet Ventures led the round.
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India’s Ola Electric surges 20% on debut on EV optimismOla Electric’s $734m IPO, drew about $1.8b in bids.
Ola Electric Mobility’s shares surged 20% on their Mumbai trading debut on Friday, valuing the company at $4.8 billion, as investors bet on increasing adoption of electric models in the world’s largest market for two-wheelers. The stock had listed flat to its initial public offering (IPO) price of 76 rupees before rising to 91.20 rupees… Continue reading India’s Ola Electric surges 20% on debut on EV optimismOla Electric’s $734m IPO, drew about $1.8b in bids.
Baby products retailer FirstCry’s $501m IPO receives bids worth $3.4bFirstCry received bids for 606.4 million shares, about 12 times that on offer.
Indian baby products retailer FirstCry‘s $501 million IPO overcame a sluggish start to garner bids worth $3.36 billion at close of the share sale on Thursday, as investors bet on growth for baby and child products in the world’s most populous country. FirstCry, backed by Japan’s SoftBank, TPG and India’s Mahindra & Mahindra, received bids for… Continue reading Baby products retailer FirstCry’s $501m IPO receives bids worth $3.4bFirstCry received bids for 606.4 million shares, about 12 times that on offer.
Payoneer’s $61m Skuad acquisition provides exit to BEENEXT, ArgorThe deal consideration includes $61m in cash and up to another $20m in contingencies.
Nasdaq-listed financial technology company Payoneer has acquired 100% of Singapore-based workforce and payroll management company Skuad, according to an announcement. Payoneer, which provides cross-border payment services to small and medium-sized companies, plans to integrate Skuad’s payroll and contract management offerings into its suite of services. The deal includes a cash consideration of $61 million and… Continue reading Payoneer’s $61m Skuad acquisition provides exit to BEENEXT, ArgorThe deal consideration includes $61m in cash and up to another $20m in contingencies.
China Digest: Thinkre New Material, Evolyzer, Kangfude Pharma raise fundsThinkre develops proton exchange membrane (PEM) products for hydrogen fuel ba…
Sinopec Capital has led the Series C+ round of Thinkre Membrane Material, while Yanwei Technology has raised over $20 million in a Series A round. Separately, Desano has invested over $16 million in Kangfude Pharmaceutical. Sinopec Capital leads Series C+ round of Thinkre Suzhou-based Thinkre Membrane Material, which develops proton exchange membrane (PEM) products for… Continue reading China Digest: Thinkre New Material, Evolyzer, Kangfude Pharma raise fundsThinkre develops proton exchange membrane (PEM) products for hydrogen fuel ba…
Signapore IoT service provider UnaBiz raises $25m in pre-Series C fundingThe round was backed by KDDI Open Innovation Fund 3 and KYOCERA Communication…
Singapore-based Internet of Things (IoT) service provider UnaBiz has announced raising $25 million in its pre-Series C funding round to grow globally and deepen its market penetration. The funding round, which UnaBiz expects to make a final close by October 2024, was backed by KDDI Open Innovation Fund 3, the corporate venture fund of Global… Continue reading Signapore IoT service provider UnaBiz raises $25m in pre-Series C fundingThe round was backed by KDDI Open Innovation Fund 3 and KYOCERA Communication…
KKR to help Fuji Soft go private under $4b management buyoutFuji Soft is planning the buyout to improve its capital efficiency.
U.S. private equity firm KKR & Co plans to help Japanese system developer Fuji Soft go private under a management buyout worth about 600 billion yen ($4.09 billion), the Nikkei business daily reported on Wednesday. Fuji Soft is planning the buyout to improve its capital efficiency amid ongoing conflicts with its major shareholders, including Singapore-based… Continue reading KKR to help Fuji Soft go private under $4b management buyoutFuji Soft is planning the buyout to improve its capital efficiency.