India’s HDB Financial Services, the non-banking lending unit of HDFC Bank, has filed for an initial public offering of up to 125 billion rupees ($1.49 billion), in line with its parent’s announcement earlier this month. HDFC Bank, which holds a 94.6% stake in the lender, will sell shares worth up to 100 billion rupees, while… Continue reading India’s HDB Financial files for $1.5b IPOHDFC Bank, which holds a 94.6% stake in the lender, will sell shares worth up to $1.18 billion.
Author: Deal Street Asia Online News
GDS raises $1b from Coatue, Baupost Group to expand global data centre businessThe Series B investment comprises new US investors, led by US hedge fun…
GDS Holdings Limited, a China-based developer and operator of high-performance data centres in China and Southeast Asia, has raised $1 billion for its international affiliate from US investors who seek to capitalise on the infrastructure supporting a future of artificial intelligence (AI) and cloud. Its affiliate DigitalLand Holdings Limited, or GDS International, which acts as… Continue reading GDS raises $1b from Coatue, Baupost Group to expand global data centre businessThe Series B investment comprises new US investors, led by US hedge fun…
Malaysian PE Creador to invest $344m in PH over next 5 yearsCreador has previously backed PH firms such as Asialink Finance, DALI Stores, Angkas, CIBI…
Malaysia-based private equity firm Creador has announced plans to invest up to 20 billion pesos (about $344 million) in the Philippines over the next five years. In a statement, Creador Philippines country head and managing director Omar Mahmoud said the PE firm is actively seeking new investment opportunities in the country. It will look at… Continue reading Malaysian PE Creador to invest $344m in PH over next 5 yearsCreador has previously backed PH firms such as Asialink Finance, DALI Stores, Angkas, CIBI…
EQT buys PageUp, leads $31M Series C in AI infra platform Neara in AustraliaPartners Group, Square Peg Capital and others also invested in Neara.
Swedish alternative investment firm EQT announced on Thursday two deals in Australia—the acquisition of SaaS talent solutions provider PageUp, and participation as the lead investor in AI infra startup Neara’s $31 million Series C round. EQT acquired Australia-founded PageUp, a SaaS talent acquisition, recruitment marketing, and talent management solutions firm from its existing majority owners… Continue reading EQT buys PageUp, leads $31M Series C in AI infra platform Neara in AustraliaPartners Group, Square Peg Capital and others also invested in Neara.
Fresh issues on the rise amid India’s IPO boom, finds Blume Ventures reportThe share of fresh issues in IPO proceeds has risen from 13% in 2020 to 51%…
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Greater China startup funding recovers in Q3 but caution aboundsDeal volume, which has been falling since mid-2023, dropping 5.9% in the quarter.
Funding for Greater China startups rose sharply in the third quarter of 2024, a sign that investment momentum is gradually picking up, but the overhang of geopolitical risks and China’s economic recovery is likely prompting investors to tread with caution. Go to Source
Saudi Arabia’s PIF to be anchor investor in Brookfield’s $2b Middle East fundAt least half of the capital is to be invested in Saudi Arabia and in com…
Saudi Arabia’s Public Investment Fund (PIF) will be an anchor investor in Brookfield Asset Management’s new $2 billion Middle East-focused private fund, the companies announced on Wednesday. A non-binding agreement for the PIF to back the new Middle East fund was signed with the Canadian asset management firm at the kingdom’s flagship investment summit taking place in… Continue reading Saudi Arabia’s PIF to be anchor investor in Brookfield’s $2b Middle East fundAt least half of the capital is to be invested in Saudi Arabia and in com…
Vertex Ventures leads $6m investment in Vietnamese D2C startup CoolmateThe investment will accelerate Coolmate’s international expansion.
Coolmate, a Vietnam-based e-commerce direct-to-consumer (D2C) men’s apparel brand, has announced the completion of its $6 million Series B funding round, led by Vertex Ventures Southeast Asia & India, according to an announcement. Malaysian private equity and venture capital firm Kairous Capital also participated in this round. The investment will accelerate Coolmate’s international expansion, product… Continue reading Vertex Ventures leads $6m investment in Vietnamese D2C startup CoolmateThe investment will accelerate Coolmate’s international expansion.
Vridhi Home Finance raises $37m led by Norwest Venture PartnersExisting investor Elevation Capital joined the round.
Vridhi Home Finance on Tuesday said it has raised Rs 310 crore ($36.9 million) in its Series B round of funding led by Norwest Venture Partners, with participation from its existing investor Elevation Capital. Its funding round comes a year after it raised $18 million in its Series A funding round, led by Elevation Capital.… Continue reading Vridhi Home Finance raises $37m led by Norwest Venture PartnersExisting investor Elevation Capital joined the round.
Saudi’s first China-focused ETFs to become the largest in Middle EastTrading of the product has raised more than $1.2 billion at the start.
Saudi Arabia’s first exchange-traded funds (ETFs) that track Hong Kong-listed shares, mainly Chinese firms, are expected to be the largest such funds in the Middle East. Trading of the product, which kicks off on Wednesday on the Saudi Stock Exchange, has raised more than $1.2 billion at the start, issuer Albilad Capital and its partner Hong Kong’s CSOP Asset Management said.… Continue reading Saudi’s first China-focused ETFs to become the largest in Middle EastTrading of the product has raised more than $1.2 billion at the start.