Finova Capital, a Jaipur-based non-banking financial company (NBFC), on Tuesday said it has raised $135 million in a Series E round of funding from Avataar Venture Partners, Sofina, and Madison India Capital. Existing investor Norwest Venture Partners also participated in the round, joining the cap table with existing investors Peak XV Partners, Faering Capital and… Continue reading Indian NBFC Finova Capital raises $135m from Avataar Venture Partners, othersIn 2022, it raised $65m in financing from Norwest Venture Partners, Maj I…
Author: Deal Street Asia Online News
Mubadala Capital, Seviora form strategic partnership to pursue co-investmentsThe partnership allows Seviora to extend its footprint into the Middle Ea…
Abu Dhabi’s sovereign investor Mubadala Investment Company and Temasek-owned Seviora Holdings, an asset management group, have teamed up to pursue co-investment opportunities and other strategic ventures globally, including in Singapore and the UAE. As part of the partnership, a joint working committee comprising representatives from both organisations will implement the objectives of the MOU and… Continue reading Mubadala Capital, Seviora form strategic partnership to pursue co-investmentsThe partnership allows Seviora to extend its footprint into the Middle Ea…
Kairous Capital leads investment in Vietnamese B2B startup PangoCDPThe seed investment in PangoCDP was joined by CyberAgent Capital
Malaysian private equity and venture capital firm Kairous Capital has led a $1.5-million investment in Vietnam-based PangoCDP, a B2B startup that connects businesses through social chat apps integrated with a customer data platform. Kairous Capital is a cross-border venture capital firm focusing on China and Southeast Asia with offices in Kuala Lumpur, Shanghai, and Hong… Continue reading Kairous Capital leads investment in Vietnamese B2B startup PangoCDPThe seed investment in PangoCDP was joined by CyberAgent Capital
VinFast launches in the Middle East, reportedly secures $1b commitmentA consortium led by Emirates Driving Company reportedly invested $1b.
Vietnamese electric vehicle (EV) maker VinFast announced on Tuesday that it will receive an investment from a consortium of investors led by Abu Dhabi’s driver training and road safety institute Emirates Driving Company (EDC). The proposed investment is part of a memorandum of understanding between VinFast and EDC covering areas including EVs, driver training in… Continue reading VinFast launches in the Middle East, reportedly secures $1b commitmentA consortium led by Emirates Driving Company reportedly invested $1b.
Swiggy sets price band for $1.4b India IPO: reportSwiggy cut its internal valuations goal twice by a combined 25%.
Indian food delivery giant Swiggy will likely price its $1.4 billion initial public offering at 371-390 rupees per share, sources with direct knowledge of the matter told Reuters on Monday. Swiggy has in recent weeks cut its internal valuations goal twice by a combined 25% due to volatility in the markets. It was initially looking at a… Continue reading Swiggy sets price band for $1.4b India IPO: reportSwiggy cut its internal valuations goal twice by a combined 25%.
US-China rivalry spurs Singapore’s quiet rise in global ‘deep tech’ raceDeep tech investment volume in Singapore rose 31% in 2023 from the previous ye…
Under a clear blue sky on Oct. 1, a city in China’s northeastern municipality of Tianjin launched its first driverless public bus service. Spanning 20 kilometres, the daily network connects 10 stops across residential areas, schools, government offices and tourist attractions. Go to Source
AI startup Sierra valued at $4.5b in funding round led by Greenoaks CapitalThe company is also backed by Sequoia Capital and Benchmark.
Sierra, a software startup co-founded by former Salesforce co-CEO Bret Taylor, has raised $175 million in a new funding round led by Greenoaks Capital that gave it a $4.5 billion valuation, the company said on Monday. The funding round comes less than a year after the public launch of the young AI startup by Taylor, one of the most closely watched entrepreneurs in Silicon Valley. The company previously… Continue reading AI startup Sierra valued at $4.5b in funding round led by Greenoaks CapitalThe company is also backed by Sequoia Capital and Benchmark.
US finalises rules to curb AI investments in China, impose other restrictionsThe rule covers semiconductors and microelectronics, quantum information …
The Biden administration said on Monday it is finalising rules that will limit US investments in artificial intelligence and other technology sectors in China that could threaten US national security. The rules, which were proposed in June by the US Treasury, were directed by an executive order signed by President Joe Biden in August 2023 covering three key sectors: semiconductors and microelectronics, quantum… Continue reading US finalises rules to curb AI investments in China, impose other restrictionsThe rule covers semiconductors and microelectronics, quantum information …
Singapore telco M1 buys 70% stake in Vietnamese IT solutions provider ADGM1 is a subsidiary of Keppel Ltd.
Singapore telco M1 Limited, a subsidiary of asset manager and operator Keppel Ltd, has acquired a 70% stake in Vietnam-based ADG National Investment and Technology Development Corp, according to an announcement. M1, through its wholly-owned subsidiary AP Tech Holdings Pte. Ltd., will pay a total purchase consideration of 719 billion dong ($28.3 million). ADG’s remaining… Continue reading Singapore telco M1 buys 70% stake in Vietnamese IT solutions provider ADGM1 is a subsidiary of Keppel Ltd.
Adams Street closes 2024 Global Fund at $1.1b—34% higher than predecessorAdams Street had closed the 2023 Global Fund Program at $820m.
Chicago-based investment manager Adams Street Partners has announced the final closing of its 2024 Global Fund Program, securing $1.1 billion in committed capital, a notable 34% increase from the predecessor vehicle. Adams Street had closed the 2023 Global Fund Program at $820 million, 25% smaller than the 2022 programme that had gathered $1.1 billion in… Continue reading Adams Street closes 2024 Global Fund at $1.1b—34% higher than predecessorAdams Street had closed the 2023 Global Fund Program at $820m.