Around 80% of the funding in the last three quarters, across stages, were either down rounds or flat, Jenny Lee, managing partner at GGV Capital said at the Asia PE VC Summit 2022 organised by DealStreetAsia in September. “So, if you’re an entrepreneur, you’re an investor, you’re a GP, this is the time to learn.… Continue reading Summit Video: The funding winter is a time for founders and investors to introspect
Author: Deal Street Asia Online News
Indian HRtech SaaS firm BetterPlace raises $40m in an extended Series C roundThe company raised $24m as part of the first tranche of its Series C in S…
BetterPlace, a SaaS platform for workforce management, said on Tuesday that it has raised $40 million as part of an extended Series C round from several new investors as well as existing investors Jungle Ventures and British International Investment. The company had raised $24 million as part of the first tranche of its Series C… Continue reading Indian HRtech SaaS firm BetterPlace raises $40m in an extended Series C roundThe company raised $24m as part of the first tranche of its Series C in S…
Thailand govt approves tax breaks to boost public consumption
Thailand’s cabinet on Tuesday approved tax measures to help boost public consumption to support the economy as it recovers, the finance minister said. The tax measures include a tax deduction of 40,000 baht ($1,149.4) for shoppers on goods purchased from Jan. 1 to Feb. 15, Finance Minister Arkhom Termpittayapaisith told a news conference. Land and… Continue reading Thailand govt approves tax breaks to boost public consumption
China Digest: XtalPi partners with Singapore’s EDDC; TowardPi, Innermed raise $43m each
AI-powered pharmatech firm XtalPi has announced a partnership with Singapore’s Experimental Drug Development Centre (EDDC), while medical equipment markers TowardPi Medical Technology and Innermed have raised funding. XtalPi, EDDC to focus on non-small cell lung cancer treatments AI-powered pharmatech firm XtalPi has partnered with the Experimental Drug Development Centre (EDDC), Singapore’s national platform for drug… Continue reading China Digest: XtalPi partners with Singapore’s EDDC; TowardPi, Innermed raise $43m each
General Atlantic raises $3.5b for climate change fundBeyondNetZero aims to invest up to $200m in individual companies that can help cut emissions.
Private equity firm General Atlantic’s BeyondNetZero said it has secured $3.5 billion to back companies that can help in the world’s fight against global warming. General Atlantic raised $2.6 billion from institutional investors, including sovereign wealth funds and multinational companies, for an inaugural fund. An additional $900 million will come from existing General Atlantic funds,… Continue reading General Atlantic raises $3.5b for climate change fundBeyondNetZero aims to invest up to $200m in individual companies that can help cut emissions.
Hong Kong bourse opens New York office in global push
Hong Kong Exchanges and Clearing Ltd (HKEX) on Tuesday announced it had opened a new office in New York, expanding its international footprint to appeal to global clients. The first office outside Asia is tasked with promoting the bourse’s liquid primary and secondary cash markets, its connectivity with mainland China’s markets and its derivative offerings,… Continue reading Hong Kong bourse opens New York office in global push
Lok Capital leads $15m funding in Aquaconnect and India deals worth $107m
Chennai-headquartered Aquaconnect, a full-stack aquaculture platform, on Tuesday announced that it has raised $15 million (Rs 120 crore) in its Series A funding round led by Lok Capital. The funding round also saw the participation of Louis Dreyfus Company Ventures, Suneight Investment, along with existing investors including Omnivore, Rebright Partners, Flourish Ventures, HATCH and other… Continue reading Lok Capital leads $15m funding in Aquaconnect and India deals worth $107m
KKR buys Japanese drugmaker Bushu Pharmaceuticals from BPEA EQT
US private equity heavyweight KKR has acquired all shares in Japan-based drug contract manufacturer Bushu Pharmaceuticals from pan-Asian private equity firm Baring Private Equity Asia, which is owned by EQT AB. While the financial specifics of the deal were not disclosed by the company, the transaction price was reported to stand at upwards of 100… Continue reading KKR buys Japanese drugmaker Bushu Pharmaceuticals from BPEA EQT
Eat Food Pakistan inks partnership with Delivery Hero, raises pre-seed round
Karachi-based food startup Eat Food Pakistan on Tuesday announced a partnership deal with Delivery Hero Kitchens and Delivery Hero Pakistan, which will support both parties in terms of data facilitation, food partners, and in identifying potential hotspots. Eat Food Pakistan has also raised $1 million in a pre-seed round from friends and family, the company… Continue reading Eat Food Pakistan inks partnership with Delivery Hero, raises pre-seed round
China smartphone maker Xiaomi to slash 15% of jobs, per reportXiaomi in November reported a 9.7% fall in third-quarter revenue.
China’s Xiaomi Corp has started laying off workers in several units of its smartphone and internet services business, reducing its workforce by about 15%, the South China Morning Post reported on Tuesday. The Hong Kong newspaper cited social media posts by affected employees and local Chinese media, saying China’s social media platforms, including Weibo, Xiaohongshu… Continue reading China smartphone maker Xiaomi to slash 15% of jobs, per reportXiaomi in November reported a 9.7% fall in third-quarter revenue.