Author: Deal Street Asia Online News

India’s rural credit startup SarvaGram bags $67m in round led by Peak XVExisting shareholders Elevar Equity, Elevation Capital, Temasek and TVS Capita…

Rural credit startup SarvaGram on Thursday said it has bagged Rs 565 crore ($67 million) in its Series D round of funding, led by Peak XV Partners, bringing its total capital raised to date to Rs 950 crore ($113 million). The round also saw participation from existing shareholders Elevar Equity, Elevation Capital, Temasek and TVS… Continue reading India’s rural credit startup SarvaGram bags $67m in round led by Peak XVExisting shareholders Elevar Equity, Elevation Capital, Temasek and TVS Capita…

Indian VC firm Pavestone Capital closes maiden fund at $97mPavestone has backed firms like E42, Bellatrix Aerospace, LivNSense, NewSpace, and Cynlr.

Pavestone Capital, a Hyderabad-based venture capital firm, has hit the final close of its maiden fund at Rs 816 crore ($97 million), surpassing its initial target of Rs 600 crore, to back early growth-stage B2B technology companies. The fund has attracted investors, including the Self-Reliant India (SRI) Fund, the family office of Mankind Pharma promoters,… Continue reading Indian VC firm Pavestone Capital closes maiden fund at $97mPavestone has backed firms like E42, Bellatrix Aerospace, LivNSense, NewSpace, and Cynlr.

US-based Hemisphere Ventures enters SE Asia with Singapore officeManaging partner Chip Whittemore will lead the VC’s SE Asia expansion.

Hemisphere Ventures, a venture capital (VC) and consulting firm headquartered in the US, opened a new office in Singapore, marking its foray into Southeast Asia. The VC firm, which focuses on early-stage investments in areas of cybersecurity, biotech, nanotech, drones, robotics, and other frontier technologies, has promoted Chip Whittemore as its managing partner to lead… Continue reading US-based Hemisphere Ventures enters SE Asia with Singapore officeManaging partner Chip Whittemore will lead the VC’s SE Asia expansion.

Secondary sale of portfolio assets is gradually picking up in India: InflexorThe funding winter has prompted a re-evaluation of investment strategies,…

After pumping hordes of capital into India-focused PE-VC firms over the past few years, investors have started tightening their purse strings, queering the pitch for those looking to hit the fundraising trail. “2023-24 has been a tough year compared to the influx of capital in the VC ecosystem in 2021. Multiple stakeholders have highlighted the… Continue reading Secondary sale of portfolio assets is gradually picking up in India: InflexorThe funding winter has prompted a re-evaluation of investment strategies,…

L Catterton raises $277m across two funds for RMB platformThe platform will comprise a series of funds in partnership with state-owned enterprises in …

FILE PHOTO: Coins and banknotes of China’s yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo American private equity firm L Catterton has secured commitments worth around 2 billion yuan ($277.3 million) across two funds for its RMB platform, DealStreetAsia has learnt. Start your deal-making journey now! Subscribe now to… Continue reading L Catterton raises $277m across two funds for RMB platformThe platform will comprise a series of funds in partnership with state-owned enterprises in …

Green Frontier Capital floats $178m India climate opportunities fundThe fund will focus on Seed to Series A investments.

Early-stage venture capital firm Green Frontier Capital on Wednesday said it has launched its Green Frontier Capital India Climate Opportunities Fund, with a target corpus of Rs 1,500 crore ($178 million). The fund will focus on accelerating India’s low-carbon transition with Seed to Series A investments in transformative climate technologies. With India aiming to achieve… Continue reading Green Frontier Capital floats $178m India climate opportunities fundThe fund will focus on Seed to Series A investments.

Swiggy makes strong debut, serving up fresh competition to ZomatoAt $12.1b, Swiggy’s valuation is currently half of Zomato’s.

Softbank-backed Swiggy debuted on the Indian stock exchanges on Wednesday at Rs 420 apiece—an 8% premium over its issue price of Rs 390. The shares ended the day at nearly Rs 464 apiece on the National Stock Exchange (NSE Ltd.), marking a 19% gain from the issue price and valuing the company at $12.1 billion.… Continue reading Swiggy makes strong debut, serving up fresh competition to ZomatoAt $12.1b, Swiggy’s valuation is currently half of Zomato’s.

Japan’s Kansai Electric to raise up to $3.3b including from issue of new sharesIt plans to use a part of the funds to improve energy efficiency and de…

Japanese utility Kansai Electric Power plans to raise 504.9 billion yen ($3.3 billion), which includes a public offering of about 148 million new shares, it said on Wednesday. The pricing of the new shares will be determined between Nov. 26 and 29, and the fundraising also includes the sale of treasury shares and a greenshoe… Continue reading Japan’s Kansai Electric to raise up to $3.3b including from issue of new sharesIt plans to use a part of the funds to improve energy efficiency and de…

Wavemaker launches $60m growth strategy amid group reorganisationThe fresh strategy dubbed Wavemaker Growth has made a $30m first close.

Wavemaker Partners, one of Southeast Asia’s most active early-stage venture capitalists, is now pulling out big cheques for growth-stage startups in the region. The fund manager has launched its first fund for growth-stage startups as the group rebrands to segregate each strategy across early-, growth-stage, and impact fund families. The fresh strategy, dubbed Wavemaker Growth,… Continue reading Wavemaker launches $60m growth strategy amid group reorganisationThe fresh strategy dubbed Wavemaker Growth has made a $30m first close.