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.
Author: Deal Street Asia Online News
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.
Amazon mulls new multi-billion-dollar investment in Anthropic: reportAmazon had invested $4b in the OpenAI rival in Sept. 2023.
Amazon.com is in talks for its second multi-billion dollar investment in artificial intelligence startup Anthropic, the Information reported on Thursday, citing a person familiar with the matter. The cloud services giant announced an investment of $4 billion in the OpenAI rival in September last year, saying its customers would gain early access to Anthropic’s technology.… Continue reading Amazon mulls new multi-billion-dollar investment in Anthropic: reportAmazon had invested $4b in the OpenAI rival in Sept. 2023.
People Digest: Layoffs at Freshworks and The 1% ClubFreshworks has laid off 13% of its staff or 660 employees globally.
SaaS firm Freshworks and finance influencer Sharan Hegde’s platform The 1% Club have announced layoffs. Freshworks lays off 13% employees SaaS firm Freshworks has laid off 13% of its staff in a move impacting about 660 employees globally to streamline its operations. “In November 2024, the company committed to a restructuring plan to better align… Continue reading People Digest: Layoffs at Freshworks and The 1% ClubFreshworks has laid off 13% of its staff or 660 employees globally.
Indian PE firm Lighthouse closes Fund IV at $475m, 30% above initial targetThis fund is more than double the size of its predecessor.
Lighthouse Funds, India’s leading mid-market private equity (PE) firm focused on consumer and healthcare sectors, has closed its fourth investment vehicle at $475 million (Rs 4,000 crore), per an announcement. Despite a challenging global environment, the firm said its fundraising process significantly exceeded its expectations with Lighthouse India Fund IV closing 30% above its initial… Continue reading Indian PE firm Lighthouse closes Fund IV at $475m, 30% above initial targetThis fund is more than double the size of its predecessor.
Indonesian SaaS startup CARDS bags seed funding led by Katha VCDS/X Venture and EduSpaze also joined the round.
CARDS, an Indonesia-based innovative school management SaaS platform, on Thursday announced an undisclosed seed funding led by Katha VC, a US venture capital firm focused on fintech startups. DS/X Venture and EduSpaze, a prominent edtech accelerator in Southeast Asia, also joined the round. With the new funding, CARDS plans to expand its reach and further… Continue reading Indonesian SaaS startup CARDS bags seed funding led by Katha VCDS/X Venture and EduSpaze also joined the round.
India’s Northern Arc secures $65m in debt commitments for maiden climate fundWhile DFC has committed $50m, OeEB will invest $15m in the fund.
Northern Arc, a non-banking financial company in India, on Thursday said its maiden climate fund has secured $65 million in debt commitments from the United States International Development Finance Corporation (DFC) and OeEB, the official Development Bank of the Republic of Austria. While DFC has committed $50 million, OeEB will invest $15 million in the… Continue reading India’s Northern Arc secures $65m in debt commitments for maiden climate fundWhile DFC has committed $50m, OeEB will invest $15m in the fund.
Hong Kong’s MTR Lab makes first Mainland China investment in EnsonicThe firm counts Vertex Ventures China, China Mobile Equity Investment, and Lenovo …
MTR Lab, the corporate venture arm of public transport operator and developer MTR Corporation, has made a strategic investment in industrial acoustic AI technology provider Ensonic as it seeks to expand overseas. The investment will accelerate the ongoing research and development of Ensonic’s technology and products, according to a company release on Tuesday. MTR Lab… Continue reading Hong Kong’s MTR Lab makes first Mainland China investment in EnsonicThe firm counts Vertex Ventures China, China Mobile Equity Investment, and Lenovo …