Author: Deal Street Asia Online News

ADB approves $20m loan to Binh Duong’s waste management project in Vietnam

The Asian Development Bank (ADB) has approved a loan of $20 million to Binh Duong Water Environment JSC to support its Binh Duong Waste Management and Energy Efficiency project, according to a disclosure. The financing comprises $7 million from Japan, $7 million in ordinary capital resources, and $6 million from Leading Asia’s Private Infrastructure Fund (LEAP),… Continue reading ADB approves $20m loan to Binh Duong’s waste management project in Vietnam

Australian HRtech startup Sapia.ai scores $11m funding from Macquarie, W23

Sapia.ai, a Melbourne-based startup that created an AI-powered recruitment platform, has announced raising A$17 million ($11 million) in a Series A funding round co-anchored by Macquarie Capital and Woolworths Group’s venture capital arm W23. Founded in 2013, Sapia.ai claims that its technology is the first solution of its kind to disrupt biases that affect traditional… Continue reading Australian HRtech startup Sapia.ai scores $11m funding from Macquarie, W23

Temasek’s Fullerton said to be raising up to $1b for new Asia-focused carbon fundThe fund will target EVs, renewable energy, infrastructure and agricu…

Temasek-backed Fullerton Fund Management is raising a new carbon fund focused on Asia, according to sources close to the development. One direct source told DealStreetAsia that the private equity (PE) investor is targeting to raise between $750 million and $1 billion for the fund, while a separate source said that the firm is seeking around… Continue reading Temasek’s Fullerton said to be raising up to $1b for new Asia-focused carbon fundThe fund will target EVs, renewable energy, infrastructure and agricu…

Heliconia Capital, Yangzijiang launch $109m PE fund targeting SMEs in SE Asia

Singapore-listed Yangzijiang Financial has teamed up with Temasek-backed Heliconia Capital to launch a S$150-million ($109 million) new fund that will invest in small and medium-sized enterprises (SMEs) in Singapore and Southeast Asia. The newly-launched private equity fund, Heliconia Generation Fund Limited Partnership, will co-invest alongside the other fund managed by Heliconia with a focus on… Continue reading Heliconia Capital, Yangzijiang launch $109m PE fund targeting SMEs in SE Asia

Carlyle Group offloads 2.5% stake in Indian logistics firm Delhivery for $74mAs of the quarter ended Sept, CA Swift Investments owned a 5.07% stake in…

The Carlyle Group, through its special purpose vehicle CA Swift Investments, has sold shares worth $74 million (Rs 607 crore) in Indian logistics firm Delhivery, according to data available on NSE. CA Swift Investments offloaded 18.4 million shares, amounting to a 2.5% stake in Delhivery. As of the quarter ended Sept, CA Swift Investments owned… Continue reading Carlyle Group offloads 2.5% stake in Indian logistics firm Delhivery for $74mAs of the quarter ended Sept, CA Swift Investments owned a 5.07% stake in…

People Digest: Nykaa CFO resigns; Entrepreneur First appoints India head

Indian online beauty retailer Nykaa on Tuesday said its chief financial officer (CFO) Arvind Agarwal has resigned from the company. Separately, Entrepreneur First has named former Swiggy executive Rahul Samat as partner and India head, VCCircle reported. Nykaa CFO resigns Online beauty retailer Nykaa’s chief financial officer (CFO) Arvind Agarwal has resigned from the firm,… Continue reading People Digest: Nykaa CFO resigns; Entrepreneur First appoints India head

India: Paytm shares crash to record low as analysts flag threat from Reliance’s Jio FinanceMacquarie says Jio Financial Services can pose growth and m…

Shares of Indian digital payment services provider Paytm plunged to a record low on Tuesday after brokerage firm Macquarie highlighted a potential threat to the SoftBank-backed firm from Reliance Industries’ entry into the payment services sector. The stock closed down over 11% at Rs 475.25 per share on Tuesday, having lost 77% from its IPO… Continue reading India: Paytm shares crash to record low as analysts flag threat from Reliance’s Jio FinanceMacquarie says Jio Financial Services can pose growth and m…

Credit Suisse fires one-third of China-based investment bankers

Credit Suisse  has laid off about one-third of its China-based investment banking team and nearly half of its research department, sources with knowledge of the matter told Reuters, as part of a global restructuring and as its China business slows. The sources declined to be identified as the information is confidential. Credit Suisse declined to… Continue reading Credit Suisse fires one-third of China-based investment bankers