Author: Deal Street Asia Online News

Charticle: Startup fundraising in India in 9M 2023 is still below Q1 2022 levels

Fundraising by Indian startups in full-year 2023 will only be a fraction of 2022 levels, going by the current run rate. In January-September this year (9M 2023), startups in the country amassed only $8.8 billion in funding from venture investors, which is around a third of the $22.7 billion raised in the same period of… Continue reading Charticle: Startup fundraising in India in 9M 2023 is still below Q1 2022 levels

Bear markets turn out to be great vintage years for crypto VCs, say CMCC Global execs

Even as crypto venture capital (VC) firms worldwide are staring at one of the chilliest fundraising times, Hong Kong-based CMCC Global has launched its $100 million fund. “The [fundraising] conversation started around June or July last year. It was a hard process to raise that capital—we pitched to over 200 investors over the last 12… Continue reading Bear markets turn out to be great vintage years for crypto VCs, say CMCC Global execs

India Digest: JSW Fund I exits Purplle; Investors rope in Deloitte for Groyyo biz; Fetcch snags fundingBlockchain startup Fetcch has secured $1.5m in …

JSW Ventures has divested its stake in Purplle; investors have mandated Deloitte to ‘work with’ Groyyo; while blockchain startup Fetcch has secured $1.5 million in a pre-seed funding round. Early-stage VC firm JSW Ventures on Monday said it has divested its stake in beauty e-commerce marketplace Purplle to Manipal Education and Medical Group Family Office… Continue reading India Digest: JSW Fund I exits Purplle; Investors rope in Deloitte for Groyyo biz; Fetcch snags fundingBlockchain startup Fetcch has secured $1.5m in …

Nvidia-backed startup 3D metal-printing startup Seurat raises $99mThe fundraise brought in new investors Honda Motor and Cubit Capital.

3D metal-printing startup Seurat Technologies on Monday hinted at potentially going public in the medium-term and said it had raised $99 million in a funding round co-led by chip designer Nvidia’s venture capital arm. With the latest series C funding round, the company’s valuation will approach $350 million, said a source who asked not to… Continue reading Nvidia-backed startup 3D metal-printing startup Seurat raises $99mThe fundraise brought in new investors Honda Motor and Cubit Capital.

Fast-fashion retailer Shein buys Missguided brand from Britain’s Frasers

Shein, the China-founded fast-fashion retailer, has bought the Missguided brand from Mike Ashley’s Frasers, the e-commerce giant’s first purchase of a British brand. Frasers said on Monday Shein would acquire the intellectual property and trademarks of Missguided, while Frasers would retain its real estate and employees which have now been integrated into Frasers’ fashion division. Financial details… Continue reading Fast-fashion retailer Shein buys Missguided brand from Britain’s Frasers

Malaysia’s Kenanga Investors launches new Shariah-compliant APAC fund

Kenanga Investors, an asset manager under Malaysia’s Kenanga Investment Bank, on Monday announced the launch of a new equity fund called Kenanga Islamic Asia Pacific (ex-Japan) Total Return Fund. In a press release, the company said the new fund will invest in a diversified portfolio of Shariah-compliant equities and equity-related securities of companies in the… Continue reading Malaysia’s Kenanga Investors launches new Shariah-compliant APAC fund

India: GIC-backed Skyroot Aerospace raises $27.5m from Temasek to fuel satellite launchesThe company raised a whopping $51m in its Series B round in S…

GIC-backed Skyroot Aerospace on Monday said it has raised $27.5 million (Rs 225 crore) in a pre-Series C funding round led by Singapore state investor Temasek amid strong investor interest in spacetech startups. Founded by former Indian Space Research Organisation (ISRO) scientists Pawan Kumar Chandana and Naga Bharath Daka in 2018, Skyroot launched Vikram-S, a… Continue reading India: GIC-backed Skyroot Aerospace raises $27.5m from Temasek to fuel satellite launchesThe company raised a whopping $51m in its Series B round in S…

People Digest: Goldman, Carlyle top executives step down

Michael Hui will join Bain Capital’s special situations unit, while Hiroyuki Otsuka is set to start an engagement fund to back large manufacturers in Japan. Goldman partner to join Bain’s special situations arm Michael Hui, head of China private equity at Goldman Sachs, will join Bain Capital’s special situations unit after a period of gardening… Continue reading People Digest: Goldman, Carlyle top executives step down