Multi-asset investment firm Anicut Capital said on Monday that it has raised $11 million through the GIFT City Structure for its third Private Credit Fund. Separately, Perceptyne, a deeptech, AI-first robotics startup, said it has raised $3 million in seed funding. Anicut raises $11m for private credit fund Multi-asset investment firm Anicut Capital has raised… Continue reading India Digest: Anicut raises $11m for private credit fund; Perceptyne snags $3mAnicut Capital has raised $11m through the GIFT City Structure.
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Indian fine jewellery maker GIVA shines with $30m extended Series B roundThe funding round facilitated the partial exit of A91 Partners and India Quot…
Indian fine jewellery retailer GIVA Jewellery on Monday said it has raised Rs 255 crore ($30.4 million) in its extended Series B round led by Premji Invest, Epiq Capital, Edelweiss Discover Fund, and the top management of GIVA. The funding round, comprising 35% primary investment and 65% secondary investment, facilitated the successful partial exit of… Continue reading Indian fine jewellery maker GIVA shines with $30m extended Series B roundThe funding round facilitated the partial exit of A91 Partners and India Quot…
Hyundai India flags off $3.3b IPO in country’s largest ever share saleHyundai will not issue new shares in the IPO.
Hyundai India will start taking orders for its $3.3 billion initial public offering in Mumbai on Monday, the company said in regulatory filings, a deal that will be the country’s largest ever share offering and world’s second biggest IPO in 2024. The IPO shows that India’s red hot capital markets show no sign of cooling,… Continue reading Hyundai India flags off $3.3b IPO in country’s largest ever share saleHyundai will not issue new shares in the IPO.
Indonesian shipping platform Andalin secures fresh funding as part of Series C roundIt also issued shares to convertible noteholders worth nearly $7 m…
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Singapore investor XA Network expands into AfricaXA Africa has already invested in four African startups.
XA Network, a Singapore-based investment network founded by former Google employees, has expanded to Africa with the launch of XA Africa, which will connect tech founders with seasoned investors. In a statement, the firm said XA Africa will provide not just capital but also guidance and support needed to scale African tech startups. XA Africa… Continue reading Singapore investor XA Network expands into AfricaXA Africa has already invested in four African startups.
Australia’s TPG Telecom to sell fibre, fixed assets to Vocus for $3.54bTPG Telecom expects the deal to deliver net cash proceeds between A$4.65b and A…
TPG Telecom will sell its fibre and fixed network infrastructure assets including broadband provider Vision Network to Macquarie and pension fund Aware Super-owned telecommunications group Vocus for A$5.25 billion ($3.54 billion). Under the deal, Vocus will acquire TPG’s enterprise, government and wholesale (EG&W) fixed business and fibre network assets while the Australian telecom operator on… Continue reading Australia’s TPG Telecom to sell fibre, fixed assets to Vocus for $3.54bTPG Telecom expects the deal to deliver net cash proceeds between A$4.65b and A…
Professor-turned-founders seen leading China’s race to build OpenAI challengerThree newly-minted AI-generated content unicorns count at least one foun…
As China strives to build an OpenAI challenger, prestigious universities are increasingly seen as the cradles for such research-heavy deep tech ventures with professor-turned-entrepreneurs leading many of the country’s fastest-rising artificial intelligence-generated content (AIGC) unicorns. Go to Source
Bain to make new binding offer for Japan’s Fuji Soft, 7% higher than KKR’sKKR said its offer was superior and in the best interest of Fuji Soft.
US buyout fund Bain Capital made a binding offer to buy Fuji Soft for 9,450 yen a share in a deal that values the Japanese software developer at $4 billion and outbids rival KKR by about 7%. Bain said in a statement on Friday it planned to launch the offer late this month if it can get Fuji… Continue reading Bain to make new binding offer for Japan’s Fuji Soft, 7% higher than KKR’sKKR said its offer was superior and in the best interest of Fuji Soft.
Chinese carmaker GAC to invest a combined $105m in Pony.ai, ChenzhiPony.ai is preparing for an IPO in the US.
Chinese state-owned carmaker Guangzhou Automobile Group (GAC) is investing a combined $104.8 million in the country’s IPO-bound autonomous driving startup Pony.ai and auto parts manufacturer Chenzhi Technology. GAC’s board of directors agreed to invest up to 550 million yuan ($77.8 million) in Chenzhi Technology for a 30% stake in the company, which specialises in the… Continue reading Chinese carmaker GAC to invest a combined $105m in Pony.ai, ChenzhiPony.ai is preparing for an IPO in the US.
India’s 2024 IPO boom explained in chartsThe BSE and NSE hosted 30% of all global IPOs this year.
The unbridled optimism in Indian equities this year has triggered a wave of initial public offerings (IPOs), providing company promoters as well as private equity and venture capital investors a window of opportunity to cash out through public market sales. In the fourth quarter, too, the momentum shows no sign of slowing, with billion-dollar debuts… Continue reading India’s 2024 IPO boom explained in chartsThe BSE and NSE hosted 30% of all global IPOs this year.