Start your deal-making journey now! Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital, and startups in Asia. Exclusive scoops from our reporters in nine key markets. In-depth interviews with industry leaders shaping the ecosystem. Subscribe now Go to Source
Author: Deal Street Asia Online News
Singapore’s Digital Asset Exchange secures $50m led by Oman firmSDAX plans to add new business lines such as wealth and fund management.
Singapore Digital Asset Exchange (SDAX) has announced the closing of a $50 million Series B2 funding round led by Oman-based Muscat Precious Metals Refining Company (MPMR), which refines, mints and trades precious metals like gold, silver, and platinum. SDAX—formed from the merger of blockchain platform Digiassets Exchange (Singapore) and fintech company Minterest in 2021—said it… Continue reading Singapore’s Digital Asset Exchange secures $50m led by Oman firmSDAX plans to add new business lines such as wealth and fund management.
Asia Digest: Charge+ bags Series A funding; BGA Web3 Key Fund raises $5mTNB Aura also participated in Charge+’s funding round.
Charge+ has secured $8 million in Series A round led by TRIVE Venture Capital, while BGA Web3 Key Fund has raised $5 million. Singapore’s Charge+ secures $8m led by TRIVE Charge+, a Singapore-based electric vehicle (EV) charging operator, has raised $8 million in a Series A round. The investment was led by TRIVE Venture Capital,… Continue reading Asia Digest: Charge+ bags Series A funding; BGA Web3 Key Fund raises $5mTNB Aura also participated in Charge+’s funding round.
South Korean online lender K Bank plans to raise up to $732m in IPOK Bank had sought to apply for an IPO in 2022 but the plan was scrapped.
South Korea’s online lender K Bank has announced a planned initial public offering to raise up to 984 billion won ($731.64 million), in what is expected to be one of the biggest stock market debuts this year. The company aims to sell 82 million shares, made up of 41 million newly issued shares and 41… Continue reading South Korean online lender K Bank plans to raise up to $732m in IPOK Bank had sought to apply for an IPO in 2022 but the plan was scrapped.
Indian food delivery giant Swiggy upsizes IPO target to $600m: reportThe initial plan was to raise around $450m.
Softbank-backed Indian food delivery giant Swiggy is set to increase the size of its initial public offering size (IPO) by raising additional capital through fresh issue of shares. Swiggy’s board has passed a special resolution to issue equity shares worth up to $602 million (Rs 5,000 crore), subject to shareholder approval at a meeting (EGM)… Continue reading Indian food delivery giant Swiggy upsizes IPO target to $600m: reportThe initial plan was to raise around $450m.
Singapore’s Kamet Capital reports 8x returns from exits since 2018The firm closed its first closed-end fund at $70m in April, slightly below its $100m…
Kamet Capital, a Singapore-based multi-family investment firm, has reported that exits from several of its investments since 2018 have generated returns of up to 8x, with a 70% exit rate. According to a company statement, some of the investments and exits include Kanzhun Limited, creator of the BOSS Zhipin platform, China’s largest online recruitment platform,… Continue reading Singapore’s Kamet Capital reports 8x returns from exits since 2018The firm closed its first closed-end fund at $70m in April, slightly below its $100m…
L Catterton acquires Chinese-owned Latvian bath and body care retailer StendersThe deal marks L Catterton’s fourth investment in China over the last 1…
Consumer-focused private equity firm L Catterton has acquired a controlling stake in Latvian bath and body care firm Stenders from investors based in China, according to an announcement on Tuesday. The Latvian company was bought by two Chinese businessmen and Beijing-based state-owned investment bank CICC in 2018. Following L Catterton’s investment, the two businessmen Yang… Continue reading L Catterton acquires Chinese-owned Latvian bath and body care retailer StendersThe deal marks L Catterton’s fourth investment in China over the last 1…
India: Former Jio exec’s growth stage fund Playbook Partners hits first close at $130mFor the first close, the firm raised funds from global investors…
Playbook Partners, a growth capital firm founded by a former Reliance Jio executive, on Tuesday said it has marked the first close of its maiden fund at $130 million. The fund, which can grow up to $250 million, including a green shoe option, will invest in growth-stage, tech-enabled businesses in large addressable markets that have… Continue reading India: Former Jio exec’s growth stage fund Playbook Partners hits first close at $130mFor the first close, the firm raised funds from global investors…
Foundation PE to sharpen India focus, driven by strong risk-reward profileThe firm has committed 70% of its debut fund across five transactions, with …
Go to Source
Gojek’s Vietnam exit signals rise of domestic rivals, opens opportunities for GrabLocal rivals Xanh SM and Be Group have overtaken Gojek in Vietnam.
Start your deal-making journey now! Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital, and startups in Asia. Exclusive scoops from our reporters in nine key markets. In-depth interviews with industry leaders shaping the ecosystem. Subscribe now Go to Source