The Emerging Africa Infrastructure Fund (EAIF), which is part of the Private Infrastructure Development Group (PIDG) and managed by impact investor Ninety One, has revised its name to Emerging Africa and Asia Infrastructure Fund (EAAIF) to reflect its broadened mandate, which now includes South and Southeast Asia. Ninety One, an active global investment manager, is… Continue reading PIDG Group’s Emerging Africa Infrastructure Fund expands mandate to SE AsiaThe fund’s operations in Asia will be spearheaded from Singapore.
Author: Deal Street Asia Online News
India Digest: BlackSoil backs 11 startups in Q2; Peak XV unveils Surge 10Blacksoil also exited 11 investments during the quarter.
BlackSoil, an alternative credit platform, said it invested $29 million (Rs233 crore) across 11 portfolio companies in July-September 2024. In another development, Peak XV Partners selected 14 startups for the tenth cohort of Surge, its seed-stage platform for founders. BlackSoil invests $29m in 11 startups in Q2 BlackSoil, an alternative credit platform, invested $29 million… Continue reading India Digest: BlackSoil backs 11 startups in Q2; Peak XV unveils Surge 10Blacksoil also exited 11 investments during the quarter.
China’s Horizon Robotics looks to raise $696m from Hong Kong IPO: reportAt the set price, the IPO is the largest in Hong Kong in 2024.
Chinese autonomous driving firm Horizon Robotics has priced its shares at HK$3.99 each, the top of its range, to raise $696 million in an initial public offering in Hong Kong, according to two sources with direct knowledge of the matter. The sources could not be named discussing confidential information. Horizon Robotics declined to comment on its IPO pricing.… Continue reading China’s Horizon Robotics looks to raise $696m from Hong Kong IPO: reportAt the set price, the IPO is the largest in Hong Kong in 2024.
Hyundai India drops on listing day after record $3.3b IPOIts IPO was oversubscribed more than two-fold, led by institutional investors.
Hyundai Motor India’s shares dropped 5% in their market debut on Tuesday, after a tepid response from retail investors to the country’s largest-ever initial public offering over its pricing. The stock listed at 1,934 rupees on the National Stock Exchange, compared to its offer price of 1,960 rupees, and was last trading at 1,860 rupees at… Continue reading Hyundai India drops on listing day after record $3.3b IPOIts IPO was oversubscribed more than two-fold, led by institutional investors.
India: AI startup Neysa raises $30m funding led by NTTVC, Z47, NexusThe investment follows the startup’s $20m seed round raised in April this year.
AI acceleration cloud system provider Neysa has raised $30 million in its Series A funding round co-led by existing investors NTTVC, Z47 (formerly Matrix Partners India) and Nexus Venture Partners, per an announcement. The investment follows the startup’s $20-million seed round raised in April this year. Mumbai-based Neysa, which is the second venture of data… Continue reading India: AI startup Neysa raises $30m funding led by NTTVC, Z47, NexusThe investment follows the startup’s $20m seed round raised in April this year.
SK Group acquires Vietnamese semiconductor firm ISCVina for $300mThe deal further expands SK Group’s footprint in Vietnam’s high-tech sector.
South Korean conglomerate SK Group has acquired Vietnamese semiconductor manufacturing and trading company ISCVina Manufacturing Co Ltd for $300 million. The acquisition was disclosed during a meeting between Tran Duy Dong, Chairman of the Vinh Phuc People’s Committee; and Hang Sung Won, manager of SK Group in Vietnam. ISCVina Manufacturing, operating in Ba Thien 2… Continue reading SK Group acquires Vietnamese semiconductor firm ISCVina for $300mThe deal further expands SK Group’s footprint in Vietnam’s high-tech sector.
Crédit Agricole to buy 50% stake in GAC’s leasing unit for almost $300mThe acquisition will enable CA Personal Finance to tap the leasing solutions ma…
CA Personal Finance & Mobility, the consumer finance and mobility provider under French bank Crédit Agricole Group, is acquiring a 50% stake in the leasing unit of Chinese state-owned automobile maker GAC Group for 2.1325 billion yuan ($299.8 million) via reserved capital increase. The acquisition will enable CA Personal Finance to tap the financial and… Continue reading Crédit Agricole to buy 50% stake in GAC’s leasing unit for almost $300mThe acquisition will enable CA Personal Finance to tap the leasing solutions ma…
KKR extends tender period for Japan’s Fuji Soft to NovemberThe first stage of the binding offer was previously due to expire on Oct. 21.
U.S. investment firm KKR has extended by 10 working days the first stage of its tender to take Japanese IT services firm Fuji Soft private, it said in a filing on Monday. The first stage of the binding offer was previously due to expire on Monday, Oct. 21 but will now expire on Nov. 5.… Continue reading KKR extends tender period for Japan’s Fuji Soft to NovemberThe first stage of the binding offer was previously due to expire on Oct. 21.
Titan Capital closes $40m fund to back startups from existing portfolio: reportThe new fund plans to back about 20 startups from Titan’s seed portfoli…
Titan Capital, an early-stage investor in India led by Snapdeal co-founders Kunal Bahl and Rohit Bansal, has secured the final close of its new opportunities fund at Rs 333 crore (about $40 million), The Economic Times reported on Monday (Oct. 21). The firm, which counts companies such as Mamaearth, OfBusiness, Razorpay, Urban Company, Ola and… Continue reading Titan Capital closes $40m fund to back startups from existing portfolio: reportThe new fund plans to back about 20 startups from Titan’s seed portfoli…
Supermarket chain Lulu looks to sell 25% stake in Abu Dhabi IPOThe listing is set to run from Oct. 28 to Nov. 5.
Lulu Retail Holdings of the United Arab Emirates plans to sell a 25% stake in its initial public offering, the firm that runs one of the Middle East’s biggest hypermarket chains said on Monday. The offering by the conglomerate that runs more than 240 stores in six countries of the Gulf Co-operation Council (GCC) comes during… Continue reading Supermarket chain Lulu looks to sell 25% stake in Abu Dhabi IPOThe listing is set to run from Oct. 28 to Nov. 5.