Indian venture capitalists are refreshing their investment strategies, shifting from aggressive growth strategies to a sustainable focus on profitability and strong governance, prioritising long-term value creation and transparency in response to market corrections and tighter funding environments, top industry executives said at DealStreetAsia’s Asia PE-VC Summit 2024 in Singapore last week. Go to Source
Author: Deal Street Asia Online News
Bain-backed Japanese chipmaker Kioxia scraps plans for October IPO: reportBain was targeting a market value of $10.4b for Kioxia but the recent sell-o…
Bain-backed memory chipmaker Kioxia has scrapped its plan for an initial public offering (IPO) in October, three sources familiar with the matter said. Bain had been targeting a market value of 1.5 trillion yen ($10.39 billion) for Kioxia but the recent sell-off in shares of its listed peers has made that pricing challenging, two of the sources said. Shares… Continue reading Bain-backed Japanese chipmaker Kioxia scraps plans for October IPO: reportBain was targeting a market value of $10.4b for Kioxia but the recent sell-o…
India: Peak XV Partners, Elevation co-lead $20m funding in visa platform AtlysAtlys has expanded its footprint in key global markets, including the US…
Visa processing platform Atlys on Tuesday said that it has raised $20 million in its Series B funding round, co-led by Peak XV Partners (formerly Sequoia Capital India) and Elevation Capital. The financing also saw participation from all existing investors, alongside new investors such as DST Global and Headline, the startup said in a statement.… Continue reading India: Peak XV Partners, Elevation co-lead $20m funding in visa platform AtlysAtlys has expanded its footprint in key global markets, including the US…
Gobi Partners backs $3.2m funding for Pakistani BNPL Qist BazaarThe Series A round was anchored by Indus Valley Capital.
Asia-focused venture capital firm Gobi Partners has backed the $3.2 million Series A funding for Pakistani buy-now-pay-later (BNPL) fintech startup Qist Bazaar, according to an announcement. The round, anchored by Pakistan’s Indus Valley Capital, marked the first time that an international venture capital firm has partnered with a Pakistani commercial bank, Bank Alfalah, to take… Continue reading Gobi Partners backs $3.2m funding for Pakistani BNPL Qist BazaarThe Series A round was anchored by Indus Valley Capital.
Thailand’s 10 Bridge Capital secures $195m first close of latest PE fundThe firm is planning to raise $250m for 10 Bridge Fund IV.
Thailand’s 10 Bridge Capital (formerly Hatton Equity Partners) has garnered $195 million in the first close of its fourth Thailand-focused private equity fund, defying the challenging fundraising climate for Southeast Asian fund managers. The Bangkok-based private equity firm is planning to raise $250 million in total for 10 Bridge Fund IV, which will invest in… Continue reading Thailand’s 10 Bridge Capital secures $195m first close of latest PE fundThe firm is planning to raise $250m for 10 Bridge Fund IV.
Fubon Life offloads 5 funds at $270m profit; Cathay Life commits $50m to Summit Partners vehicleFubon said the holdings it disposed of were valued at …
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General Atlantic plans Abu Dhabi office by year-endIt has received preliminary approval for a license to operate out of the Abu Dhabi Global Market.
General Atlantic plans to open an Abu Dhabi office by the end of the year and move a dealmaker from London as an inaugural member of the new team, two sources familiar with the matter said. The New York-based private equity firm, which manages funds totalling $83 billion, has received preliminary approval for a license… Continue reading General Atlantic plans Abu Dhabi office by year-endIt has received preliminary approval for a license to operate out of the Abu Dhabi Global Market.
Optimistic Capital launches India’s first fund for microbreweriesThe fund will focus on key markets including Bengaluru, Hyderabad, and Pune.
Optimistic Capital, a homegrown investment firm, on Monday said it has launched a Rs 200-crore ($24 million) microbreweries-focused fund to tap into the burgeoning sector in India. Optimistic Capital is backed by four founding partners from ISB and INSEAD — Karthik Chandrasekaran, Jeff Jose, Varun Krishnan, and Edwin Daniel. The fund will focus on key… Continue reading Optimistic Capital launches India’s first fund for microbreweriesThe fund will focus on key markets including Bengaluru, Hyderabad, and Pune.
GIC-backed StandardAero eyes $7.5b valuation in US IPOThe company is seeking proceeds of up to $1.07 billion in the IPO.
Aviation services provider StandardAero, backed by buyout firm Carlyle Group and Singapore’s sovereign wealth fund GIC, said on Monday it was targeting a valuation of up to $7.54 billion in its initial public offering in the United States. The Scottsdale, Arizona-based company is seeking proceeds of up to $1.07 billion through a sale of 46.5 million shares priced between $20 and $23… Continue reading GIC-backed StandardAero eyes $7.5b valuation in US IPOThe company is seeking proceeds of up to $1.07 billion in the IPO.
Brookfield raises $2.4b in initial close for UAE-backed climate fundCTF was launched last Dec and was anchored by a $1 billion commitment from ALTERRA…
Brookfield Asset Management said on Monday it has raised $2.4 billion for the Catalytic Transition Fund (CTF), which is backed by the United Arab Emirates and aims to scale up climate finance in emerging markets. CTF was launched at the COP28 climate talks in Dubai last December and was anchored by a $1 billion commitment from ALTERRA, a $30-billion UAE-based climate fund. ALTERRA, which was also announced during last year’s climate summit,… Continue reading Brookfield raises $2.4b in initial close for UAE-backed climate fundCTF was launched last Dec and was anchored by a $1 billion commitment from ALTERRA…