Author: Deal Street Asia Online News

PhysicsWallah’s valuation soars to $2.8b after raising $210m in fresh roundThe round was led by Asia hedge fund Hornbill Capital, with significant par…

Physics Wallah (PW) a startup that offers coaching for engineering entrance exams, on Friday, said it has raised $210 million in a Series B funding round at a $2.8 billion valuation, defying the funding slowdown that has heavily impacted the edtech sector. A brainchild of Alakh Pandey and Prateek Maheshwari, PW’s funding round was led… Continue reading PhysicsWallah’s valuation soars to $2.8b after raising $210m in fresh roundThe round was led by Asia hedge fund Hornbill Capital, with significant par…

Silicon Valley investor DCM Ventures to exit China’s Kuaishou via $479m placementDCM is an early investor in short video giant Kuaishou.

DCM Ventures is seeking to sell all its remaining shares in Chinese short video platform Kuaisohu Technology to raise up to $479 million, a term sheet seen by Reuters showed on Thursday. The Silicon Valley-based venture capital is offloading 91.66 million shares in Kuaishou with offer price ranging from HK$40.28 to HK$41.13 per share. The number of… Continue reading Silicon Valley investor DCM Ventures to exit China’s Kuaishou via $479m placementDCM is an early investor in short video giant Kuaishou.

HK-listed CSPC Pharmaceutical to buy back shares worth $640m over two yearsThe drugmaker has already spent about HK$773m under its ongoing HK$1b buyba…

Hong Kong-listed CSPC Pharmaceutical said on Thursday it would buy back shares worth up to HK$5 billion ($640 million) in the next two years. The drugmaker, which has already spent about HK$773 million under its ongoing HK$1 billion buyback programme, will use available cash reserves to fund the initiative. “The board has full confidence in the group’s… Continue reading HK-listed CSPC Pharmaceutical to buy back shares worth $640m over two yearsThe drugmaker has already spent about HK$773m under its ongoing HK$1b buyba…

Carlyle eyeing $2.1b valuation for X-ray tools maker Rigaku in Japan IPO: reportCarlyle bought around 80% stake in Rigaku in Jan 2021.

Japan’s Rigaku, a maker of X-ray testing tools backed by buyout firm Carlyle Group, is preparing for a domestic initial public offering (IPO) in October, two sources familiar with the matter said. Carlyle is targeting a market value for Rigaku of around 300 billion yen ($2.09 billion) in the IPO, one of the sources and a third source… Continue reading Carlyle eyeing $2.1b valuation for X-ray tools maker Rigaku in Japan IPO: reportCarlyle bought around 80% stake in Rigaku in Jan 2021.

Vietnam removes full pre-funding rule for foreign investors to upgrade bourseCurrently, overseas investors must fully transfer funds before buying sec…

Vietnam will remove a requirement for full pre-funding on equity transactions of foreign investors from Nov. 2, its finance ministry said, the country’s latest effort to boost the chances to be reclassified as an emerging market. Currently, overseas investors must fully transfer funds before buying securities, a hurdle that has hampered for years the upgrade… Continue reading Vietnam removes full pre-funding rule for foreign investors to upgrade bourseCurrently, overseas investors must fully transfer funds before buying sec…

India Digest: Kaleidofin, Vahan raise fundingWith the latest infusion, Kaleidofin’s total funding since inception stands at $37m.

Kaleidofin has received an equity infusion of $13.8 million led by Rabo Partnerships, while recruitment platform Vahan has raised $10 million in its Series B funding round. Rabo Partnerships leads $13.8m funding in Kaleidofin Chennai-based fintech firm Kaleidofin on Wednesday announced that it has received an equity infusion of $13.8 million led by Rabo Partnerships… Continue reading India Digest: Kaleidofin, Vahan raise fundingWith the latest infusion, Kaleidofin’s total funding since inception stands at $37m.

Vietnam’s NextBold Capital seeks to raise $100m for IndoChina-focused fundNextBold Capital targets SMEs in key urban centres across Vietnam, Cambodia,…

NextBold Capital, a private equity firm focused on supporting the growth of small and medium enterprises in Southeast Asia, is seeking to raise $100 million for its first fund focused on IndoChina companies, according to an announcement. NextBold Capital was co-founded by Sjoerd Zwinkels, former investment director at Mekong Capital, alongside Quadrant-backed Fitness & Lifestyle… Continue reading Vietnam’s NextBold Capital seeks to raise $100m for IndoChina-focused fundNextBold Capital targets SMEs in key urban centres across Vietnam, Cambodia,…

Indonesian tech giant GoTo names William Xiong as new group CTOWilliam joins GoTo from Alibaba where he served as vice-president of Alibaba Cloud.

Indonesia-listed tech giant PT GoTo Gojek Tokopedia Tbk (GoTo) on Thursday announced that it has appointed William Xiong as its new group chief technology officer (CTO). William joins GoTo from Alibaba where he served as vice-president of Alibaba Cloud, general manager of Enterprise Service Cloud, and general manager of International Industry Solution Development. William’s appointment… Continue reading Indonesian tech giant GoTo names William Xiong as new group CTOWilliam joins GoTo from Alibaba where he served as vice-president of Alibaba Cloud.

Indian govt plans to sell 7% stake in renewable energy lender IREDAThe government has approved the company’s plans to raise up to $538 million through…

The Indian government aims to sell a 7% stake in the Indian Renewable Energy Development Agency (IREDA) via an institutional share sale, the renewables lender said on Wednesday. The government, which held a 75% stake as of June-end in IREDA, has approved the company’s plans to raise up to 45 billion rupees ($538 million) through qualified institutional placement (QIP). This… Continue reading Indian govt plans to sell 7% stake in renewable energy lender IREDAThe government has approved the company’s plans to raise up to $538 million through…