Korea Zinc said on Monday it has secured 9.85% of the company’s shares in a $1.5 billion buyback that it launched to block shareholders from selling their stakes to its top investor Young Poong and private equity firm MBK. Bain Capital, which backs Korea Zinc‘s current leaders, separately secured a 1.41% stake in the company, the world’s biggest zinc smelter… Continue reading Korea Zinc secures 9.85% stake in $1.5b share buyback to fend off takeoverBain Capital separately secured a 1.41% stake in the company.
Author: Deal Street Asia Online News
Singapore government to inject $332m more to support deeptech startupsThe funding cap per startup will be raised from S$8 million to S$12 million.
The Singapore government has announced an additional S$440-million ($332 million) investment in the Startup SG Equity scheme focusing on deeptech startups, according to a statement by Deputy Prime Minister Heng Swee Keat on Monday. The funding cap per startup will be raised from S$8 million to S$12 million, and the scheme will be administered by EnterpriseSG… Continue reading Singapore government to inject $332m more to support deeptech startupsThe funding cap per startup will be raised from S$8 million to S$12 million.
Golden Gate Ventures appoints Hussain Abdulla as partner for MENAHussain will work with Michael Lints, who leads Golden Gate’s expansion in the MENA r…
Southeast Asian venture capital firm Golden Gate Ventures has appointed Hussain Abdulla as partner, according to an announcement. The development comes as Golden Gate Ventures hit the first close of its $100-million debut MENA [Middle East and North Africa] fund in May this year. It secured $20 million from anchor investors, Al Khor Holding and… Continue reading Golden Gate Ventures appoints Hussain Abdulla as partner for MENAHussain will work with Michael Lints, who leads Golden Gate’s expansion in the MENA r…
Microsoft’s AI bets under scrutiny as investors await paydayThere’s “a wall of worry” around Microsoft’s earnings, said Morgan Stanley.
Microsoft is expected to report its slowest quarterly revenue growth in a year on Wednesday, while investors await signs of AI demand amid growing worries about the slow payoff from hefty investments in technology. The software giant is widely seen as the front-runner in the race to capitalise on generative AI, in part, thanks to its investment in ChatGPT-owner… Continue reading Microsoft’s AI bets under scrutiny as investors await paydayThere’s “a wall of worry” around Microsoft’s earnings, said Morgan Stanley.
India Digest: GPS Renewables’s ARYA raises mezzanine financing; InsuranceDekho, RenewBuy in merger talksGPS Renewables has previously raised $50 milli…
ARYA, the project development arm of GPS Renewables, has raised mezzanine financing, while InsuranceDekho is in talks to acquire its smaller rival RenewBuy. ARYA raises $11.9m from InCred, Spark ARYA, the project development arm of GPS Renewables, India’s biogas (CBG) technology and engineering company, on Monday said it has raised Rs 100 crore ($11.9 million)… Continue reading India Digest: GPS Renewables’s ARYA raises mezzanine financing; InsuranceDekho, RenewBuy in merger talksGPS Renewables has previously raised $50 milli…
Udaan closes $36m debt round to scale up market footprintLighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital invested in the rou…
Indian business-to-business (B2B) marketplace Udaan on Monday said it has raised Rs 300 crore ($35.7 million) in debt financing from investors including Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital. The latest round of funding follows Udaan’s $340-million Series E round in December, which was led by M&G and consisted of a mix of… Continue reading Udaan closes $36m debt round to scale up market footprintLighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital invested in the rou…
Singapore’s Supermom confirms $14m round, eyes global expansionThe company plans to use the funds to invest in AI capabilities
Singapore-based parenting platform Supermom on Monday announced raising S$18 million ($14 million) in a Series B round, led by Granite Asia (formerly GGV Capital), confirming DealStreetAsia’s report earlier this month. Returning investors AC Ventures, Qualgro, and US-based Hearst Ventures also joined the round. The company plans to use the funds to invest in AI capabilities… Continue reading Singapore’s Supermom confirms $14m round, eyes global expansionThe company plans to use the funds to invest in AI capabilities
KKR-backed Malaysian group OMS inks deal with Dutch firm for cable-laying vesselsKKR invested $400m in OMS Group in Oct. last year.
OMS Group, a KKR-backed Malaysian subsea digital infrastructure company, said on Monday it has signed a contract with Dutch maritime firm Royal IHC for the construction of a series of cable-laying vessels. OMS said in a statement that the new vessels will help it meet the surge in telecoms demand and ramp up global connectivity,… Continue reading KKR-backed Malaysian group OMS inks deal with Dutch firm for cable-laying vesselsKKR invested $400m in OMS Group in Oct. last year.
Vietnam’s Vingroup launches $150m VC fund VinVenturesTwo-thirds of the VC firm’s AUM is an inherited portfolio from Vingroup.
Vietnamese behemoth Vingroup has launched VinVentures, its new $150-million venture capital fund to target startups in Vietnam and the broader Southeast Asian region. Sponsored by Vingroup and its billionaire chairman Pham Nhat Vuong, two-thirds of VinVentures’ assets under management is an inherited investment portfolio from Vingroup, while the remaining $50 million is expected to be… Continue reading Vietnam’s Vingroup launches $150m VC fund VinVenturesTwo-thirds of the VC firm’s AUM is an inherited portfolio from Vingroup.
Swiggy cuts IPO valuation again, to $11.3b; BlackRock, CPPIB to invest: reportThe lacklustre debut of Hyundai India is weighing on sentiment.
Indian food delivery giant Swiggy has slashed its IPO valuation again, to $11.3 billion, 25% below the initial goal of $15 billion as market volatility and the lacklustre debut of Hyundai India weigh on sentiment, two sources said on Sunday. BlackRock and Canada Pension Plan Investment Board (CPPIB) will invest in the $1.4 billion IPO, which will be… Continue reading Swiggy cuts IPO valuation again, to $11.3b; BlackRock, CPPIB to invest: reportThe lacklustre debut of Hyundai India is weighing on sentiment.