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…
Author: Deal Street Asia Online News
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.
Indian NBFC Finova Capital raises $135m from Avataar Venture Partners, othersIn 2022, it raised $65m in financing from Norwest Venture Partners, Maj I…
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…
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