Author: Deal Street Asia Online News

KKR raises tender offer price for Fuji Soft acquisition, surpasses Bain Capital’s bidKKR has bought a 35% stake in Fuji Soft after the first part of i…

Private equity firm KKR has raised its tender offer price for Fuji Soft by 7% to 9,451 yen ($60.86) a share, the Japanese software developer said on Friday, narrowly surpassing a rival offer of 9,450 yen from Bain Capital. KKR has already acquired a 35% stake in Fuji Soft after the first part of its two-stage buyout, in… Continue reading KKR raises tender offer price for Fuji Soft acquisition, surpasses Bain Capital’s bidKKR has bought a 35% stake in Fuji Soft after the first part of i…

Chinese self-driving firm Pony AI seeks to raise up to $195m in US IPOIt is eyeing a valuation of up to $4.48b in the upcoming IPO.

Pony AI is seeking a valuation of up to $4.48 billion in its U.S. initial public offering, it said on Thursday, as the Chinese self-driving firm moves ahead with its long-sought plan for a New York listing. Pony, founded in 2016 and backed by Japanese automaker Toyota, aims to raise up to $195 million by… Continue reading Chinese self-driving firm Pony AI seeks to raise up to $195m in US IPOIt is eyeing a valuation of up to $4.48b in the upcoming IPO.

Vynn Capital leads $1.85m funding in Malaysian robotics firm DF AutoExisting backer MTDC and new investor Leave a Nest Capital joined the round.

Malaysian robotics company DF Automation & Robotics (DF Auto) has secured $1.85 million in a fresh funding round led by Vynn Capital, according to an announcement. The round was joined by existing investor Malaysian Technology Development Corporation (MTDC), new investor Japan’s Leave a Nest Capital and individual investors through equity crowdsourcing. Vynn Capital invested in… Continue reading Vynn Capital leads $1.85m funding in Malaysian robotics firm DF AutoExisting backer MTDC and new investor Leave a Nest Capital joined the round.

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 …