Meituan-backed Chinese unmanned logistics vehicles developer Zelos Technology has raised another $100 million, less than nine months after the completion of a Meituan-led $100-million Series A round, defying a challenging fundraising environment. CDH Investments’ tech investment platform Bai Fu Wealth Management and Chinese dual-currency venture capital (VC) firm Blue Lake Capital jointly led the transaction.… Continue reading China’s Zelos nets $100m after getting nod to deploy unmanned vehicles on SG roadsIn February, the startup closed a Meituan-led Series A round at $100…
Author: Deal Street Asia Online News
Schroders launches semi-liquid strategy in partnership with Singapore’s ADDXThe strategy is focused on the lower mid-market segment.
UK asset management firm Schroders has partnered Singapore-based private market exchange ADDX to launch a semi-liquid global private equity strategy to tap accredited individual investors. The strategy is focused on the lower mid-market segment, where the market inefficiencies will enable the Schroders Capital private equity investment team to tap a larger opportunity set with attractive… Continue reading Schroders launches semi-liquid strategy in partnership with Singapore’s ADDXThe strategy is focused on the lower mid-market segment.
Unicorn India Ventures ropes in foreign LPs for first time for Fund IIIThe VC firm has so far garnered about Rs 600 crore from LPs.
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Tesla hits $1t market value as Musk-backed Trump win fans optimismThe stock gained 29% last week, adding more than $230 billion in market capitalizati…
Tesla‘s market value closed above the $1 trillion mark in a sharp rally on Friday, on expectations that CEO Elon Musk‘s companies will get favorable treatment under President-elect Donald Trump for his extensive support during the poll campaign. The electric automaker’s shares jumped 8.2% to $321.22, catapulting the company’s valuation above the trillion-dollar mark for the first time in more than two years. The… Continue reading Tesla hits $1t market value as Musk-backed Trump win fans optimismThe stock gained 29% last week, adding more than $230 billion in market capitalizati…
Delivery Hero to list Talabat business on Dubai Stock Exchange in DecemberDelivery Hero bought a majority stake in Talabat in 2015 and said on Sunday …
Talabat, the Middle East business of Delivery Hero, will list on the Dubai Stock Exchange in mid-December, floating 15% of its issued shares, its German parent said on Sunday, in what will be one of the UAE’s biggest IPOs this year. Berlin-based food delivery company Delivery Hero bought a majority stake in Talabat in 2015 and said on Sunday that it would retain a majority stake after the IPO. Dubai-based Talabat plans… Continue reading Delivery Hero to list Talabat business on Dubai Stock Exchange in DecemberDelivery Hero bought a majority stake in Talabat in 2015 and said on Sunday …
Delivery Hero’s Middle East business Talabat to launch $1b Dubai IPO next week: reportThe IPO rides a retail spending boom in the Gulf.
Talabat, the Middle East business of Delivery Hero, plans to launch its Dubai initial public offering next week, three people familiar with the plans told Reuters, in one of the UAE’s biggest IPOs this year. The deal, set by the German parent for the fourth quarter, could start as soon as Monday, two of the… Continue reading Delivery Hero’s Middle East business Talabat to launch $1b Dubai IPO next week: reportThe IPO rides a retail spending boom in the Gulf.
Bain-backed Japanese chipmaker Kioxia files IPO registration statementThe filings indicate it aims for an IPO sometime between Dec. 2024-June 2025.
Bain Capital-backed Kioxia filed a registration statement on Friday which will allow the Japanese chipmaker to sound out investors for an initial public offering. Kioxia’s filings indicate it aims to conduct an IPO sometime from December through June 2025. The chipmaker is targeting December, two people familiar with the matter said. Bain scrapped plans for… Continue reading Bain-backed Japanese chipmaker Kioxia files IPO registration statementThe filings indicate it aims for an IPO sometime between Dec. 2024-June 2025.
Chinese cold-chain logistics unicorn Fresh Life Style closes Series B at $126mit raised “hundreds of millions of yuan” in the Series B extension round…
Fresh Life Style Supply Chain Management, a cold-chain logistics unicorn incubated by Chinese agriculture and food company New Hope Group, has completed an extension round to bring its overall Series B financing to nearly 900 million yuan ($125.8 million). In a Tuesday post on its official WeChat account, Fresh Life Style said that it raised… Continue reading Chinese cold-chain logistics unicorn Fresh Life Style closes Series B at $126mit raised “hundreds of millions of yuan” in the Series B extension round…
Swiggy’s $1.4b India IPO fully subscribed as big investors swoop inThe shares earmarked for retail investors were 97% subscribed.
Food and grocery delivery firm Swiggy‘s $1.4 billion initial public offering was fully subscribed on Friday, as institutional investors rushed in with orders on the final day of India’s second-largest share sale this year. The portion reserved for institutional investors was subscribed 131%, while the shares earmarked for retail investors were 97% subscribed. Swiggy holds a solid No.… Continue reading Swiggy’s $1.4b India IPO fully subscribed as big investors swoop inThe shares earmarked for retail investors were 97% subscribed.
KKR becomes largest shareholder in Fuji Soft after successful tender offerIt secured control over 90% of outstanding share options of Fuji Soft.
Private equity firm KKR has become the largest shareholder in Japanese software developer Fuji Soft after completing the first stage of a two-part tender offer, KKR said in a statement on Thursday. The U.S. firm acquired 21.4 million shares, and secured control over 90% of outstanding share options of Fuji Soft, it said. On Thursday… Continue reading KKR becomes largest shareholder in Fuji Soft after successful tender offerIt secured control over 90% of outstanding share options of Fuji Soft.