Author: Deal Street Asia Online News

India: Former Jio exec’s growth stage fund Playbook Partners hits first close at $130mFor the first close, the firm raised funds from global investors…

Playbook Partners, a growth capital firm founded by a former Reliance Jio executive, on Tuesday said it has marked the first close of its maiden fund at $130 million. The fund, which can grow up to $250 million, including a green shoe option, will invest in growth-stage, tech-enabled businesses in large addressable markets that have… Continue reading India: Former Jio exec’s growth stage fund Playbook Partners hits first close at $130mFor the first close, the firm raised funds from global investors…

Gojek’s Vietnam exit signals rise of domestic rivals, opens opportunities for GrabLocal rivals Xanh SM and Be Group have overtaken Gojek in Vietnam.

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Chinese stock exchanges add Alibaba into Stock Connect SchemeAlibaba’s shareholders had previously approved the upgrade of its HK listing to primary s…

China’s Shanghai and Shenzhen stock exchanges will include Chinese e-commerce giant Alibaba Group and some other companies into its Stock Connect cross-border investment scheme from Tuesday, separate filings showed on Monday. This move will integrate Alibaba into a programme linking the Shenzhen and Shanghai stock exchanges with the Hong Kong stock exchange. Alibaba‘s shareholders had previously approved the upgrade… Continue reading Chinese stock exchanges add Alibaba into Stock Connect SchemeAlibaba’s shareholders had previously approved the upgrade of its HK listing to primary s…

E-scooter maker Ather Energy aims for $2.5b valuation in India IPO: reportHero MotoCorp-backed Ather is India’s fourth-largest e-scooter maker by mark…

Indian electric two-wheeler maker Ather Energy has filed for a 45 billion rupee ($536.2 million) IPO at a valuation of $2.5 billion, a source said on Monday, seeking to tap a red-hot stock market weeks after bigger rival Ola Electric went public. Hero MotoCorp-backed Ather is India’s fourth-largest e-scooter maker by market share and is aiming to list in a booming stock market where 200… Continue reading E-scooter maker Ather Energy aims for $2.5b valuation in India IPO: reportHero MotoCorp-backed Ather is India’s fourth-largest e-scooter maker by mark…

Former Motilal Oswal exec’s Arnya real estate fund hits first close at $45mThe fund will focus on providing early-stage growth capital to the resident…

Arnya Realestates Fund Advisors, an alternative investment management firm founded by former Motilal Oswal executive Sharad Mittal, has hit the first close of its maiden debt fund at Rs 375 crore ($45 million). The fund — Arnya Real Estate Fund-Debt — launched in April, aims for a total corpus of Rs 1,000 crore, with an… Continue reading Former Motilal Oswal exec’s Arnya real estate fund hits first close at $45mThe fund will focus on providing early-stage growth capital to the resident…

India’s market regulator asks funds to disclose info on LPs with beneficial terms: ReportSEBI asked fund managers to submit documents that provide spe…

India’s market regulator, the Securities and Exchange Board of India (SEBI), has sought disclosures from private equity (PE) and venture capital (VC) funds, known as alternative investment funds (AIFs), regarding investors who have been granted preferential terms, raising questions about unequal treatment among limited partners (LPs), The Economic Times reported on Monday. About a week… Continue reading India’s market regulator asks funds to disclose info on LPs with beneficial terms: ReportSEBI asked fund managers to submit documents that provide spe…

India: Carlyle names Anuj Poddar as co-head of global portfolio solutions for AsiaPoddar joins Carlyle from Bajaj Electricals, where he served as the …

Global investment firm Carlyle on Monday announced that it has appointed Anuj Poddar as the co-head of global portfolio solutions (GPS) for Asia to enhance portfolio company value-creation capabilities in India and Southeast Asia. Poddar joins Carlyle from Bajaj Electricals, a consumer appliances and lighting solutions company based in India, where he served as the… Continue reading India: Carlyle names Anuj Poddar as co-head of global portfolio solutions for AsiaPoddar joins Carlyle from Bajaj Electricals, where he served as the …

SG-based Clime Capital invests $10m in Upgrade Energy PhilippinesThe investment was made through the South East Clean Energy Fund II

Singapore-based fund manager Clime Capital on Monday announced its investment of up to $10 million in Upgrade Energy Philippines (UGEP). Clime Capital’s investment, which will be made through South East Clean Energy Fund II (SEACEF II), is aimed at supporting UGEP in expediting the deployment of solar energy infrastructure in the country. These projects are… Continue reading SG-based Clime Capital invests $10m in Upgrade Energy PhilippinesThe investment was made through the South East Clean Energy Fund II

China’s Midea Group launches $3.5b share offering in Hong KongThe listing would be the biggest in HK since JD Logistics raised $3.16 billion in May 20…

Chinese home appliance maker Midea Group on Monday launched a share offering of about HK$26.97 billion ($3.46 billion) in Hong Kong, according to its filings, in the city’s largest listing in more than three years. The company, listed in Shenzhen, has allotted around 492.1 million shares for the Hong Kong offering, the filing showed, with the stock to… Continue reading China’s Midea Group launches $3.5b share offering in Hong KongThe listing would be the biggest in HK since JD Logistics raised $3.16 billion in May 20…