Bengaluru-based Apptile, a no-code mobile app development platform, Thursday announced that it has raised $1.2 million in additional funding led by Singularity Early Opportunities Fund. Crown Trust and DeVC also participated in the financing, bringing the company’s total funding to $3.7 million, per a statement. The capital raised will be used to further enhance Apptile’s… Continue reading Singularity Early Opportunities Fund backs Apptile and India deals worth $227mCrown Trust and DeVC also participated in the round.
Author: Deal Street Asia Online News
India: Lightspeed leads $20m funding in wealth management platform CentricityCentricity has attained a valuation of $125 million with the latest inves…
Wealth management platform Centricity on Thursday announced that it has raised $20 million in its seed funding round led by venture capital firm Lightspeed. Returning investors Burman Family Office and Shantanu Agarwal also contributed to the round besides Paramark VC, a Korean venture capital fund; and a group of family offices and angel investors, including… Continue reading India: Lightspeed leads $20m funding in wealth management platform CentricityCentricity has attained a valuation of $125 million with the latest inves…
Mr DIY eyes $300m IPO of Indonesia unit late this yearMr DIY raised about $360m in Malaysia’s largest IPO in 2020.
Malaysian home improvement retailer Mr DIY is reportedly looking to list its Indonesian unit in Jakarta late this year or early 2025 . According to a Bloomberg report, the retailer is already working with banks for an initial public offering (IPO) that could raise as much as $300 million. Bloomberg’s sources, however, said deliberations are… Continue reading Mr DIY eyes $300m IPO of Indonesia unit late this yearMr DIY raised about $360m in Malaysia’s largest IPO in 2020.
Liquidity crunch stalls fundraising for SE Asia-focused PE funds in H1There were no final closes in H1 2024.
As rising inflation and subsequent monetary tightening continue to restrict liquidity worldwide, private equity funds that primarily invest in Southeast Asia are finding it hard to raise capital. No PE fund, which has the majority of its capital allocated to the region, secured a final close in Jan-June (H1) 2024, according to the Private Equity… Continue reading Liquidity crunch stalls fundraising for SE Asia-focused PE funds in H1There were no final closes in H1 2024.
PE giant EQT explores $2b sale of payment firm Banking CircleBanking Circle generates annually around $400 million of revenue.
Private equity firm EQT is exploring a sale of its majority stake in Banking Circle, hoping any deal would value the payments processor at more than $2 billion, including debt, several people familiar with the matter said. EQT is working on the plan with investment bankers at Morgan Stanley, who in recent weeks have been… Continue reading PE giant EQT explores $2b sale of payment firm Banking CircleBanking Circle generates annually around $400 million of revenue.
MENA-based Paymob secures $22m in Series B+ funding led by EBRD Venture CapitalRecently, Paymob’s direct competitor Ziina raised $22m in a Series A ro…
Paymob, an Egypt-based financial services enabler for MENA, has raised an additional $22 million in its Series B funding round, according to a statement on Wednesday. EBRD Venture Capital led the funding with participation from Endeavor Catalyst and existing investors, including PayPal Ventures, BII, FMO, A15, Nclude, and Helios Digital Ventures. This additional funding brings… Continue reading MENA-based Paymob secures $22m in Series B+ funding led by EBRD Venture CapitalRecently, Paymob’s direct competitor Ziina raised $22m in a Series A ro…
Hillhouse, GIC, Temasek said to be in talks to invest in Midea’s HK offering: ReportMidea is seeking to raise as much as $3.5 billion in its Hong Kong…
Private equity firm Hillhouse Investment, Singapore’s wealth fund GIC and state investor Temasek are said to be in talks to invest in appliance maker Midea’s Hong Kong initial public offering, according to a Bloomberg report. Hillhouse is said to be weighing an order for more than $1 billion in the offering, while GIC is said… Continue reading Hillhouse, GIC, Temasek said to be in talks to invest in Midea’s HK offering: ReportMidea is seeking to raise as much as $3.5 billion in its Hong Kong…
India: Arka Investment Advisory launches second real estate fund with $60m target corpusRohan Builders has joined as the operating partner for the fun…
Arka Investment Advisory Services Private Limited (AIASPL) on Wednesday launched its second real estate fund with a target corpus of $60 million (Rs 500 crore). Rohan Builders, a real estate and engineering, procurement and construction (EPC player), has joined as the operating partner for the fund through its financial Services arm, Hreem, said a statement… Continue reading India: Arka Investment Advisory launches second real estate fund with $60m target corpusRohan Builders has joined as the operating partner for the fun…
InMobi bags $100m debt financing from MARS Growth CapitalInMobi will use the funds to advance its AI development and deployment efforts
India’s adtech firm InMobi on Wednesday announced that it has secured $100 million in debt financing from MARS Growth Capital, a joint venture between MUFG and Liquidity Group, to help further its AI development plans. This transaction is touted to be the largest to date for Singapore-based venture debt firm Mars Growth, which invests in… Continue reading InMobi bags $100m debt financing from MARS Growth CapitalInMobi will use the funds to advance its AI development and deployment efforts
Digital family office Arta Finance secures investment from EDBIThe funding announcement comes barely two months after Arta Finance received approval t…
Arta Finance, a US-registered investment advisor that describes itself as a digital family office, has announced securing a strategic investment from EDBI, the corporate venture capital arm of the Singapore Economic Development Board. The fintech company said EDBI’s investment, the amount of which was not disclosed, will support the growth and development of its wealth… Continue reading Digital family office Arta Finance secures investment from EDBIThe funding announcement comes barely two months after Arta Finance received approval t…