Author: Deal Street Asia Online News

Malaysian VC firm Kairous Capital bets big on Vietnam’s booming consumer marketThe firm is gearing up to open an office in Vietnam next year.

Kairous Capital, a Malaysia-headquartered venture capital firm, is placing a significant bet on the burgeoning Vietnamese market, according to a top executive. With offices in Kuala Lumpur, Shanghai, and Hong Kong, the firm is now gearing up to open an office in Vietnam next year, Joseph Lee, Managing Partner of Kairous Capital, told DealStreetAsia during… Continue reading Malaysian VC firm Kairous Capital bets big on Vietnam’s booming consumer marketThe firm is gearing up to open an office in Vietnam next year.

Swiggy’s IPO 12% subscribed after Day 1 of biddingRetail investors placed orders for about 54% of the 10% of the shares earmarked for them.

Food and grocery delivery firm Swiggy‘s $1.4 billion IPO was 12% subscribed after its first day of bidding, with retail investors placing orders for more than half the shares reserved for them in India’s second-largest IPO of 2024. India has been an outlier in Asia with a string of high-profile offerings this year and Swiggy‘s IPO comes after… Continue reading Swiggy’s IPO 12% subscribed after Day 1 of biddingRetail investors placed orders for about 54% of the 10% of the shares earmarked for them.

Inflexor Ventures hits first close of Opportunities Fund, raises 80% of $41m targetPart of the fund will be allocated to increase stake in portfolio c…

Early-stage venture capital firm Inflexor Ventures, which has backed the likes of Atomberg and Bellatrix, has hit the first close of its Opportunities Fund at Rs 280 crore, which is 80% of its Rs 350 crore ($41.5 million) target. HDFC AMC Select AIF FoF (Fund of Funds) I Scheme managed by HDFC AMC is the… Continue reading Inflexor Ventures hits first close of Opportunities Fund, raises 80% of $41m targetPart of the fund will be allocated to increase stake in portfolio c…

EIKTO secures $57m funding and 46 Greater China deals worth around $240mThe energy storage sector recorded a total of $307.6m through the completion o…

Lithium battery maker EIKTO has secured 400 million yuan ($55.9 million) in its latest funding round, which roped in a number of state-owned investors including China Galaxy Investment Management Company and Hefei Industry Investment Holding Group.  Go to Source

Korea Zinc’s $1.8b share sale plan stalled by regulator’s revision orderThis means the overall schedule related to the share sale may be changed.

Korea Zinc’s new share sale plan, which was announced on Oct 30 and worth around $1.8 billion, has been suspended due to a revision order by the South Korean financial regulator, a regulatory filing said on Wednesday. This means the overall schedule related to the share sale may be changed, and if the company failed… Continue reading Korea Zinc’s $1.8b share sale plan stalled by regulator’s revision orderThis means the overall schedule related to the share sale may be changed.

Swiggy’s $1.4b India IPO opens amid fears of modest demand from retail investorsSwiggy has cut its valuation twice by a combined 25% to $11.3b.

Indian food and grocery delivery firm Swiggy is expected to see just modest demand from retail investors for its $1.4 billion IPO even after cutting its hoped-for valuation twice, with momentum for domestic stocks having cooled considerably. The country’s second-largest IPO for the year opened for bids on Wednesday with orders to be taken until… Continue reading Swiggy’s $1.4b India IPO opens amid fears of modest demand from retail investorsSwiggy has cut its valuation twice by a combined 25% to $11.3b.

KKR secures enough Fuji Soft shares to block Bain’s privatisation bid: reportKKR has secured over a third of the shares of Fuji Soft.

Private equity firm KKR has secured more than one-third of the shares in Japanese software developer Fuji Soft after the first part of its two-stage buyout tender offer, a person familiar with the matter said on Wednesday. The person did not state the exact share of Fuji Soft’s shares KKR secured and asked not to… Continue reading KKR secures enough Fuji Soft shares to block Bain’s privatisation bid: reportKKR has secured over a third of the shares of Fuji Soft.

PE firm Carlyle acquires Japanese PCB manufacturer KyodenThe acquisition will support Kyoden growth plans and global expansion.

Private equity major Carlyle has acquired printed circuit board (PCB) manufacturer Kyoden Co to accelerate the Japanese company’s global expansion, according to an announcement. Financial details of the acquisition were not disclosed. Carlyle said the acquisition will support Kyoden’s growth plans through the continued development of its manufacturing capabilities focused on high-multilayer and build-up PCBs.… Continue reading PE firm Carlyle acquires Japanese PCB manufacturer KyodenThe acquisition will support Kyoden growth plans and global expansion.