Author: Deal Street Asia Online News

Worg Pharma bags funding and 26 Greater China deals worth almost $307mThe round was participated by Tsing Song Capital and PICC Capital Insurance Asse…

Worg Pharmaceuticals, a Chinese clinical-stage biopharmaceutical firm with a focus on immunotherapies, has secured “several hundreds of millions of yuan” ($14 million) in a funding round participated by local investment firm Tsing Song Capital.  Go to Source

Affirma Capital sets around $350m target for debut India-focused fundThe Singapore-based PE is talks with domestic and foreign LPs.

Photo: Pixabay Start your deal-making journey now! Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital, and startups in Asia. Exclusive scoops from our reporters in nine key markets. In-depth interviews with industry leaders shaping the ecosystem. Subscribe now Printed by Unregistered user on Tue, 26 Nov 2024… Continue reading Affirma Capital sets around $350m target for debut India-focused fundThe Singapore-based PE is talks with domestic and foreign LPs.

Gobi Partners, Cross Capital join hands to boost Japanese investment in SE AsiaCross Capital is a business development-focused fund of funds connectin…

Asia-focused venture capital firm Gobi Partners on Tuesday announced a strategic partnership with Japan-based Cross Capital to foster cross-border innovation and enhance the flow of Japanese investments into Southeast Asia’s startup landscape. The collaboration seeks to empower startups and investors with access to resources, networks, and opportunities across the region. Founded by veteran venture capital professionals,… Continue reading Gobi Partners, Cross Capital join hands to boost Japanese investment in SE AsiaCross Capital is a business development-focused fund of funds connectin…

India: Zomato receives shareholders’ approval to raise $101m via QIPZomato has seen its stock surge 140% since its market debut.

Indian food delivery major Zomato has received shareholder approval to raise about $101 million (Rs 8,500 crore) through a qualified institutional placement (QIP), according to the company’s latest filings with the National Stock Exchange (NSE). The company has reportedly hired investment bank Morgan Stanley to initiate the process. Zomato’s fundraising plans come at a time… Continue reading India: Zomato receives shareholders’ approval to raise $101m via QIPZomato has seen its stock surge 140% since its market debut.

MR DIY’s Indonesian unit plans to raise $296m from local IPOAccording to the company’s prospectus, DIY intends to offer 10% of its shares to the publi…

PT Daya Intiguna Yasa (DIY) Tbk, a subsidiary of the Malaysian home improvement company MR DIY, is planning to raise 4.7 trillion rupiah ($296.45 million) through an initial public offering (IPO), according to its prospectus filed with IDX on Monday. The announcement follows a Bloomberg report in September which said that the Indonesian unit was… Continue reading MR DIY’s Indonesian unit plans to raise $296m from local IPOAccording to the company’s prospectus, DIY intends to offer 10% of its shares to the publi…

Tencent sells 3% stake in Indonesia’s MD Entertainment for $19mBefore the divestment, the Chinese firm held a 14.5% stake, which has now fallen to 11….

China’s Tencent, through its subsidiary Image Frame Investment (HK), has sold a 3% stake in the Indonesia-listed production house MD Entertainment for 302 billion rupiah ($19 million). According to the company’s disclosure to the Indonesia Stock Exchange (IDX), Tencent divested its stake in MD Entertainment on November 12, 2024, as part of Tencent’s partial realisation… Continue reading Tencent sells 3% stake in Indonesia’s MD Entertainment for $19mBefore the divestment, the Chinese firm held a 14.5% stake, which has now fallen to 11….

Vynn Capital leads $8.75m seed funding for MediSun EnergyThe funding values the company at $44m.

Kuala Lumpur-based venture capital firm Vynn Capital has led an $8.75-million seed funding round for MediSun Energy, a company specialising in advanced osmotic energy technology. The funding, which consists of $5 million in venture debt and $3.75 million in equity financing, values the company at $44 million, according to a statement. Other investors who participated… Continue reading Vynn Capital leads $8.75m seed funding for MediSun EnergyThe funding values the company at $44m.

Sequoia Capital marks up value of 2020 US venture fund by 24.6%Sequoia Capital US Venture VII opened in 2020 and closed at $808m.

Sequoia Capital, one of the world’s top venture capital firms, marked up the value of its 2020 Sequoia Capital US Venture VII fund by 24.6% in June, according to Pitchbook. Per PitchBook’s analysis of data from the Regents of the University of California’s endowment, the fund, opened in 2020 and closed two years later at… Continue reading Sequoia Capital marks up value of 2020 US venture fund by 24.6%Sequoia Capital US Venture VII opened in 2020 and closed at $808m.

AI platform CoreWeave targets over $35b valuation in US IPO next year: reportThe company is likely to target raising over $3b from the share sale.

Artificial intelligence cloud platform CoreWeave, is aiming for a valuation of more than $35 billion in its U.S. initial public offering that is expected to occur next year, people familiar with the matter told Reuters on Friday. Roseland, New Jersey-based CoreWeave is likely to target raising more than $3 billion from its share sale, which… Continue reading AI platform CoreWeave targets over $35b valuation in US IPO next year: reportThe company is likely to target raising over $3b from the share sale.