Singapore-headquartered transportation technology startup Portcast has announced raising $6.5 million in its Series A funding round anchored by Susquehanna Asia VC, the Southeast Asian and Indian venture capital arm of Susquehanna International Group of Companies. The startup said it will use the proceeds to invest in generative AI technology, which will allow it to provide global… Continue reading Logistics tech startup Portcast raises $6.5m in Series A fundingThe round was led by Susquehanna Asia VC.
Author: Deal Street Asia Online News
Alibaba aims to raise $5b via dual currency bond deal: reportThe dollar tranche would consist of a 5.5-year, 10.5-year and 30-year dollar bond.
Chinese ecommerce giant Alibaba Group is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with direct knowledge of the matter. The company in a regulatory filing on Monday said it was considering carrying out the transaction. The dollar tranche would consist of a 5.5-year, 10.5-year and… Continue reading Alibaba aims to raise $5b via dual currency bond deal: reportThe dollar tranche would consist of a 5.5-year, 10.5-year and 30-year dollar bond.
Apollo ramps up APAC expansion with Seoul officeThe firm has appointed Jay Hyun Lee to drive fundraising, and team growth in S Korea.
US-based alternative asset manager Apollo has opened an office in Seoul to help execute and build on its growth plans in the market as part of its Asia Pacific expansion, according to a company announcement on Monday. The firm has appointed Jay Hyun Lee as partner and head of Korea to help drive fundraising, institutional… Continue reading Apollo ramps up APAC expansion with Seoul officeThe firm has appointed Jay Hyun Lee to drive fundraising, and team growth in S Korea.
Indonesian chat enabler Mimin raises $1.5m in new fundingSkystar, Kopital Ventures, PT Digital Karya Utama, and Urban Gateway invested.
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aCommerce eyes strategic partnerships, IPO in ‘near term’aCommerce is looking to scale beyond the region and enter new geographies.
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Mizuho Asia Partners said to have closed third PE fund at $320m—a tad below target9Basil’s $127m second vehicle is the only other PE fund to have clos…
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PE major EQT sets $14.5b hard cap for ninth Asia buyout fundIt earlier set the target fund size at $12.5b.
Swedish investment house EQT Group has set a hard cap of $14.5 billion for its ninth Asia buyout fund, BPEA Private Equity Fund IX (BPEA IX), according to an announcement. The actual fund size is dependent on the outcome of the fundraising process, EQT said. It earlier set the target fund size at $12.5 billion.… Continue reading PE major EQT sets $14.5b hard cap for ninth Asia buyout fundIt earlier set the target fund size at $12.5b.
Chinese radiopharma firm C Ray raises over $100m Series A+The radiopharma market size in China is projected to reach 9.3 billion yuan ($1.3 billion) i…
Chinese radiopharmaceutical startup C Ray Therapeutics announced on Saturday that it has raised over $100 million in a Series A+ funding round to strengthen its technology platform and expedite the clinical development of pipeline drugs. China’s 27.5-billion-yuan ($3.8 billion) National Manufacturing Transformation and Upgrading New Materials Fund, which state investor Shenzhen Capital Group manages, and… Continue reading Chinese radiopharma firm C Ray raises over $100m Series A+The radiopharma market size in China is projected to reach 9.3 billion yuan ($1.3 billion) i…
Zepto set to raise $300m to battle Blinkit, Instamart: reportCelebrities Amitabh Bachchan and Sachin Tendulkar may back the firm, ET reported.
Quick commerce firm Zepto is set to raise $300 million in fresh funding from investors including top Indian family offices and celebrities such as actor Amitabh Bachchan and cricketer Sachin Tendulkar, the Economic Times reported on Friday, citing multiple people in the know. This year alone, Zepto has raised more than $1 billion in back-to-back… Continue reading Zepto set to raise $300m to battle Blinkit, Instamart: reportCelebrities Amitabh Bachchan and Sachin Tendulkar may back the firm, ET reported.
There is a mismatch in expectations Vs reality in impact investments: SchneiderWhile impact investments are still niche, investments made with more su…
Despite the rising interest in the cleantech and clean energy space, investors are still hesitant to support startups that are different from the usual SaaS or asset-light business models commonly backed in the venture capital (VC) world, according to a top executive at Schneider Electric Energy Access Asia (SEEAA), an impact fund focused on clean… Continue reading There is a mismatch in expectations Vs reality in impact investments: SchneiderWhile impact investments are still niche, investments made with more su…