Wellous, a Malaysia-based health food and nutrition company, will go public in the US following a merger with Nasdaq-listed special purpose acquisition company (SPAC) Kairous Acquisition Corp. The merged entity will be called Wellous Group Holdings Ltd. and its ordinary shares will be listed on Nasdaq, according to an announcement on Wednesday. According to the… Continue reading Malaysian nutrition firm Wellous to list in US following $270m SPAC deal
Author: Deal Street Asia Online News
SEA Digest: Widjaja family office leads Alio round; Eratani closes $3.8m seed funding
US-based medical technology company Alio has raised $18 million in Series C financing round led by Indonesia’s Widjaja Family Investment Office. Eratani, an Indonesia-based agritech startup, announced it has closed a $3.8-million seed funding round. Alio raises $18m Series C funding Alio has raised $18 million in a Series C financing round led by the… Continue reading SEA Digest: Widjaja family office leads Alio round; Eratani closes $3.8m seed funding
Paytm’s board unanimously approves $103m share buyback
SoftBank-backed digital payments firm Paytm said on Tuesday its board unanimously approved a share buyback worth up to 8.5 billion rupees ($103.06 million), as it looks to build investor confidence and shore up its battered stock price. The buyback will be priced at a maximum of 810 rupees per share, 50.2% higher than the stock’s… Continue reading Paytm’s board unanimously approves $103m share buyback
FTX’s Bankman-Fried fights incarceration in sweltering Bahamas courtroom
Cordoned-off roads, a sweltering courtroom and numerous delays marked Sam Bankman-Fried’s first in-person public appearance since his crypto company collapsed. The Bahamas courtroom hearing, conducted over the course of six hours, saw Bankman-Fried, dressed in a suit rather than his typical t-shirt attire, seeking bail to dispute his extradition to the US. He was ultimately… Continue reading FTX’s Bankman-Fried fights incarceration in sweltering Bahamas courtroom
Oregon pension commits $315m to CVC Asia VI, GGV Capital fundsIt has also reportedly committed $150 million to GGV Capital funds.
Oregon Investment Council (OIC), which oversees the $94-billion Oregon Public Employees Retirement System, has made a combined $165 million commitment to Luxembourg-based private equity CVC Capital Partners’ sixth Asia fund, per the council’s recent board meeting. The commitments included $150 million from the pension fund and another $15 million from the Common School Fund, which… Continue reading Oregon pension commits $315m to CVC Asia VI, GGV Capital fundsIt has also reportedly committed $150 million to GGV Capital funds.
Indian software firm eNTrust buys PH-based Eximius BPO
Indian software firm eNTrust has acquired the Philippines-based Eximius BPO for an undisclosed amount in an all-cash deal after getting the requisite regulatory approvals. The Reserve Bank of India’s new rules on overseas direct investment (ODI) make it mandatory for firms to get its approval for overseas mergers and acquisitions. Go to Source
Binance withdrawals hit $1.9b in 24 hours, Nansen data saysThe crypto exchange said it had “temporarily paused” withdrawals of the USDC stablecoin.
Binance has registered $1.9 billion of withdrawals in the past 24 hours, blockchain data firm Nansen said on Tuesday, as the world’s biggest crypto exchange said it had “temporarily paused” withdrawals of the USDC stablecoin. How crypto exchanges such as Binance and its now-bankrupt former rival FTX handle customer deposits is under close scrutiny from… Continue reading Binance withdrawals hit $1.9b in 24 hours, Nansen data saysThe crypto exchange said it had “temporarily paused” withdrawals of the USDC stablecoin.
SBICAP Ventures in talks to rope in two large institutional LPs for Neev Fund 2The objective of the fund is to create an infrastructure for backward I…
SBICAP Ventures, a subsidiary of India’s largest lender State Bank of India (SBI), has extended the window to close its second climate fund by six months to June 2023, its MD & CEO Suresh Kozhikote told DealStreetAsia in an interview. The asset manager is currently on the road to raise the remaining Rs 800 crore… Continue reading SBICAP Ventures in talks to rope in two large institutional LPs for Neev Fund 2The objective of the fund is to create an infrastructure for backward I…
SE Asia Deal Review: Startup fundraising falls below $1b for the first time this year in Nov
November was the worst month so far this year for Southeast Asia’s startups in terms of both fundraising value and volume, show proprietary data compiled by DealStreetAsia. Startups in the region amassed a mere $743 million from 67 transactions — venture capital, private equity, debt financing, and corporate rounds — last month, marking the first time… Continue reading SE Asia Deal Review: Startup fundraising falls below $1b for the first time this year in Nov
Asia PE exit activity dries up in 2022 as investors hold out for better market conditions
Private equity exit activity in Asia hit the cool-down phase in 2022 as the broader macro environment continued to be less promising marked by inflation, rate hikes, global recession fears, and market volatility. Against this backdrop, investors were left with little choice but to extend their holding periods or accept lower returns on their investments.… Continue reading Asia PE exit activity dries up in 2022 as investors hold out for better market conditions