Once riding high as a national champion, a dwindling cash position amid difficult fundraising prospects has raised concerns about Indonesian technology giant GoTo’s business. GoTo, whose gross transaction volume at 451.5 trillion rupiah accounts for a substantial share of Indonesia’s GDP of 5,091 trillion rupiah, now has a weaker cash position than most of its… Continue reading Dwindling cash amid funding woes casts a shadow on GoTo’s business
Author: Deal Street Asia Online News
Waterfield Advisors marks final close of its maiden fund-of-funds at $66m
Waterfield Advisors, a Mumbai-based wealth advisory firm, Wednesday announced the final close of its first fund-of-funds (FoF) at about $66 million (Rs 540 crore), exceeding the firm’s initial target of Rs 500 crore. The fund, which was launched in early 2021, marked its first close at Rs 200 crore in June last year. According to… Continue reading Waterfield Advisors marks final close of its maiden fund-of-funds at $66m
Partners Group picks majority stake in India’s Sunsure Energy for $400mSunsure will build and own utility-scale solar, wind, solar-wind hybrid, and ba…
Swiss investment firm Partners Group has agreed to acquire a majority stake in Sunsure Energy, a Gurugram-headquartered renewable energy and decarbonisation solutions platform, for $400 million. Founded in 2015, Sunsure has developed and installed solar power plants for industrial customers across 16 Indian states. The Sunsure founding team includes Shashank Sharma, Shantanu Faugaat, Manish Mehta,… Continue reading Partners Group picks majority stake in India’s Sunsure Energy for $400mSunsure will build and own utility-scale solar, wind, solar-wind hybrid, and ba…
Data Vantage: Pace, ShopBack, TipTip, TabSquare and FinAccel receive capital injection
Singapore-based buy now, pay later (BNPL) startup Pace received $6 million this week in Series A funding from Vertex Ventures Southeast Asia & India, UOB Venture Management, Mindful Wealth and Taufiq Fuad. The latest capital injection comes about a year after the company announced its $40 million Series A round. The firm has garnered $31.5… Continue reading Data Vantage: Pace, ShopBack, TipTip, TabSquare and FinAccel receive capital injection
Temasek participates in Swedish EV truck maker Einride’s $500m fundingThe latest tranche brings the total funding received by Einride to $650m.
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.
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