Singapore state investor Temasek Holdings has participated in the $500 million funding round of Swedish autonomous and electric truck company Einride. The funding includes an equity-based $200 million Series C portion with backers including Temasek, Swedish pension fund AMF, Northzone and EQT Ventures, according to news reports. Einride has also secured $300 million in debt… Continue reading Temasek participates in Swedish EV truck maker Einride’s $500m fundingThe latest tranche brings the total funding received by Einride to $650m.
Author: Deal Street Asia Online News
A year after launch, the Beijing Stock Exchange is still fighting to make its mark
A stock exchange on the Chinese mainland intended to drive funding for innovative small and midsize enterprises (SMEs) is struggling to gain momentum a year after it opened as part of a broader strategy to expand the country’s capital markets. The Beijing Stock Exchange (BSE), the first bourse based in the capital city, was designed… Continue reading A year after launch, the Beijing Stock Exchange is still fighting to make its mark
Japan’s Sumitomo Mitsui likely to lead race for Indonesia’s Bank Panin
Japan’s Sumitomo Mitsui Financial Group (SMFG) is likely to emerge as a frontrunner in the race to acquire a controlling stake in Jakarta-based lender PT Bank Pan Indonesia (also known as Bank Panin), according to multiple sources familiar with the matter. Earlier, Mitsubishi UFJ Financial Group (MUFG) was reported to be in talks to acquire… Continue reading Japan’s Sumitomo Mitsui likely to lead race for Indonesia’s Bank Panin
B2B marketplace Eezee raises $6.2m from Philippines’ AG Active Fund, others
Business-to-business marketplace Eezee has raised $6.2 million in a Series A1 funding round led by the Philippines-based AG Active Fund, according to regulatory filings. Together with the $7.5 million raised in September, the total funds amassed by Eezee in its Series A round now stands at $13.7 million.AG Active Fund, which is backed by the… Continue reading B2B marketplace Eezee raises $6.2m from Philippines’ AG Active Fund, others
SG cashback platform ShopBack bags $30m from Australia’s Westpac
Singapore-based cashback platform ShopBack has raised an additional $30 million in equity funding from Australia-based Westpac Banking Corporation, according to an announcement on Thursday. The company’s filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) show that the funds were part of its Series F extension round. Together with the $160 million raised collectively from… Continue reading SG cashback platform ShopBack bags $30m from Australia’s Westpac
Affirma Capital, Marina III divest stake in India’s Craftsman AutomationMarina III divested its entire stake of 5.48% in Craftsman Automation Ltd for …
Singapore-based buyout firm Affirma Capital and private equity firm Marina III Singapore Pte have divested their stake in Indian automotive components company Craftsman Automation Ltd. Marina III divested its entire stake of 5.48% in Craftsman Automation Ltd for $44.9 million (Rs 370 crore), show bulk data from India’s stock exchange operator. Go to Source
BYJU’S in talks to negotiate terms for $1.2b loan amid mounting losses
BYJU’S is in talks to negotiate the terms for its $1.2-billion loan, sources familiar with the matter told DealStreetAsia, as India’s most valuable edtech firm cracks under mounting losses and cost pressures. Despite being backed by marquee investors such as the Chan-Zuckerberg Initiative, Naspers, the Canada Pension Plan Investment Board (CPPIB), General Atlantic, Tencent, Sequoia… Continue reading BYJU’S in talks to negotiate terms for $1.2b loan amid mounting losses
India’s top winemaker Sula Vineyards eyes $353m valuation in IPOWine has been gaining favour in India in the past few years.
Sula Vineyards is aiming for a valuation of up to 29.13 billion rupees ($353 million) in India’s first initial public offering by a pure wine maker, riding high on the rise in consumption since the pandemic in a country that prefers beer, whisky and country liquor. About 26.9 million shares will be sold for between 340-357 rupees in the IPO, with Sula raising 9.60 billion rupees, Chief Executive Rajeev Samant… Continue reading India’s top winemaker Sula Vineyards eyes $353m valuation in IPOWine has been gaining favour in India in the past few years.
India: Lodha Group’s Macrotech Developers plans $450m share sale
Indian real estate company Macrotech Developers Ltd, part of the Lodha group, plans to raise $450 million via a qualified institutional placement that will see its controlling family selling a stake of about 7%, two sources told Reuters. The proposed stake sale underscores a recent deal boom in Indian real estate, where prices are expected to rise steadily in the next few years, roughly… Continue reading India: Lodha Group’s Macrotech Developers plans $450m share sale
Indonesia plans IPOs for state energy firm Pertamina’s two units next year
Indonesia aims to launch initial public offerings for the upstream and geothermal units of state energy firm Pertamina next year to fund expansion, a senior government official told parliament on Wednesday. Pertamina Hulu Energi, the upstream unit of Pertamina, is expected to sell a 10% to 15% stake in an IPO next year and had conducted initial “sounding out” of potential investors, deputy state-owned enterprise minister Pahala Mansury told… Continue reading Indonesia plans IPOs for state energy firm Pertamina’s two units next year