Author: Deal Street Asia Online News

Yali Capital rolls out $97m fund to back early-stage deeptech startups in India

Yali Capital, a venture capital firm floated by Cosmic Circuits co-founder Ganapathy Subramaniam and former Blackstone executive Mathew Cyriac, has launched a Rs 810-crore ($97 million) fund to invest in early-stage deeptech startups in India. Of the total amount, Rs 310 crore is a greenshoe option. The firm will also have a dedicated GIFT City… Continue reading Yali Capital rolls out $97m fund to back early-stage deeptech startups in India

GoTo’s stock price hits rock bottom. Is a rebound around the corner?Market analysts said the stock is likely to rebound soon on the back of some posit…

Indonesian tech giant PT GoTo Gojek Tokopedia Tbk’s (GoTo) stock price has been languishing at an all-time low of 50 rupiah apiece since June 25 as big investors continue to sell the stock, according to Indonesian Stock Exchange (IDX) data. The stock price is down 85% from its listing price of 338 rupiah apiece in… Continue reading GoTo’s stock price hits rock bottom. Is a rebound around the corner?Market analysts said the stock is likely to rebound soon on the back of some posit…

SE Asia Digest: Thai Betagro launches plant-based food product; Haruko sets up SG office

Thailand’s Betagro has launched a plant-based food product called Meatly! while European digital asset management platform Haruko expands in Southeast Asia after raising $6 million. Thailand’s Betagro launches plant-based food product Thai integrated food company Betagro Public Company Limited (BTG) has, through Betagro Ventures, introduced Meatly!, a plant-based food product, to provide consumers with an alternative… Continue reading SE Asia Digest: Thai Betagro launches plant-based food product; Haruko sets up SG office

ETF flows, rising stocks lift BlackRock’s assets to record $10.65t in Q2In June, the company agreed to buy private markets data provider Preqin in a $…

Assets managed by BlackRock hit a record $10.65 trillion in the second quarter thanks to rising client asset values and as investors pumped money into the company’s exchange-traded funds, the world’s largest asset manager said on Monday. Stock markets have scaled record highs in the last few months amid rising expectations of a soft landing for… Continue reading ETF flows, rising stocks lift BlackRock’s assets to record $10.65t in Q2In June, the company agreed to buy private markets data provider Preqin in a $…

SE Asia’s e-commerce GMV rose 15% in 2023 to over $114b

The total gross merchandise value (GMV) of Southeast Asia’s eight leading e-commerce platforms rose 15% year-on-year to $114.6 billion in 2023, according to the report ‘E-commerce in Southeast Asia 2024’ by Momentum Works. In 2022, Southeast Asia’s e-commerce GMV had hit $99.5 billion, half of which was attributable to Shopee. In 2023, Shopee achieved a… Continue reading SE Asia’s e-commerce GMV rose 15% in 2023 to over $114b

Goldman Sachs bolsters India leadership, names investment banking co-chiefs

Goldman Sachs has appointed Sudarshan Ramakrishnan and Devarajan Nambakam as co-heads of investment banking in India, the latest Wall Street bank to bolster its leadership amid a rise in dealmaking opportunities in the country. Ramakrishnan and Nambakam, previously the bank’s co-chief operating officers in India, now report to India Chairman and Chief Executive Sonjoy Chatterjee,… Continue reading Goldman Sachs bolsters India leadership, names investment banking co-chiefs