Author: Deal Street Asia Online News

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.

Google’s Waymo closes $5.6b funding to expand autonomous cab serviceThe round also saw participation from existing investors including Andreessen Horo…

Alphabet’s self-driving unit, Waymo, said on Friday it had closed a $5.6 billion funding round led by the Google parent, as it looks to expand its autonomous ride–hailing service. Automakers and technology companies are investing in autonomous ride–hailing services to capitalize on the technology to drive commercial success, even as it faces widespread skepticism and tight regulatory scrutiny. The investment round also saw participation from existing investors including… Continue reading Google’s Waymo closes $5.6b funding to expand autonomous cab serviceThe round also saw participation from existing investors including Andreessen Horo…

Hong Kong IPO market shows green shoots of recovery after 3 yearsHorizon Robotics $700m listing lifts investor hopes for sustained rally.

This week, Hong Kong saw its two largest initial public offerings so far this year, raising hopes for a revival of the Chinese IPO market, which has been struggling for the past three years. Start your deal-making journey now! Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital,… Continue reading Hong Kong IPO market shows green shoots of recovery after 3 yearsHorizon Robotics $700m listing lifts investor hopes for sustained rally.

Blackstone in talks to buy US pipeline stakes from EQT in $3.5b dealBlackstone is planning to make the investment through its credit and insurance arm…

Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate natural gas pipelines owned by EQT Corp for about $3.5 billion, people familiar with the matter said on Friday. If the talks are successful, the deal would help the natural gas producer slash the debt pile it accumulated from its acquisition of pipeline operator Equitrans Midstream earlier this year. Blackstone is planning to make the investment through its… Continue reading Blackstone in talks to buy US pipeline stakes from EQT in $3.5b dealBlackstone is planning to make the investment through its credit and insurance arm…

China’s WeRide raises $440.5m from US IPO, placementWeRide’s IPO follows the debut of EV maker Zeekr on NYSE earlier this year.

Self-driving startup WeRide raised a combined $440.5 million in its US initial public offering and a private placement on Friday, the latest Chinese firm to capitalise on improving investor sentiment and easing regulatory roadblocks. The number of Chinese companies that have pursued stock market flotations in the United States had dropped in the past few years, after… Continue reading China’s WeRide raises $440.5m from US IPO, placementWeRide’s IPO follows the debut of EV maker Zeekr on NYSE earlier this year.