Southeast Asia-focused private equity firm Navis Capital Partners is understood to be seeking around $350 million for its maiden credit fund. It had recruited BlackRock Asia credit business executive Justin Ferrier to lead its Asian credit platform, which was launched in July. The development was first reported by Reuters. DealStreetAsia has independently verified the news.… Continue reading Navis Capital Partners said to be raising $350m for maiden credit fund
Author: Deal Street Asia Online News
Chinese carmakers target more European sales with affordable 5-star EVsChinese EV makers have already stolen a march on most foreign rivals in the dom…
Chinese electric vehicle (EV) makers have set their sights on winning over European drivers and large corporate customers with more affordable cars that come with top safety ratings and lots of high-tech features. In the last few months, several Chinese EVs have received five-star European New Car Assessment Programme (NCAP) ratings – an achievement that… Continue reading Chinese carmakers target more European sales with affordable 5-star EVsChinese EV makers have already stolen a march on most foreign rivals in the dom…
India Digest: NirogStreet raises $12m; ProcMart snags $10m
Ayurveda tech startup NirogStreet has received $12 million in a Series B round, while B2B procurement platform ProcMart has raised $10 million in its Series A round. Jungle Ventures leads NirogStreet’s round NirogStreet, an Ayurveda tech startup based in Delhi, India, has received $12 million in a Series B round of funding led by Jungle… Continue reading India Digest: NirogStreet raises $12m; ProcMart snags $10m
GoTo’s Q3 losses drop a tad, revenue triples on cost-cutting efforts
Indonesia-listed technology group PT GoTo Gojek Tokopedia Tbk managed to trim losses a tad in the July-September quarter as cost management efforts helped the company to meet some of its guidance ahead of time. GoTo’s losses in the third quarter of 2022 came in lower at 6.8 trillion rupiah ($432 million) compared with 7.6 trillion… Continue reading GoTo’s Q3 losses drop a tad, revenue triples on cost-cutting efforts
SG digital wealth manager Kristal.AI raises over $10m in pre-Series B round
Singapore-based digital private wealth management platform Kristal.AI has raised over $10 million in a pre-Series B funding round, the company announced in a press statement on Monday. The round, which saw the participation of existing investors such as Chiratae Ventures and the Sanadhya family along with new investors such as Stride Ventures, has pushed its… Continue reading SG digital wealth manager Kristal.AI raises over $10m in pre-Series B round
SG’s iGlobe Partners raising $200m fifth fund to back deeptech startupsThe fund will be an extension of iGlobe’s existing strategy, which centres on i…
Singapore-based venture capital firm iGlobe Partners is raising a $200-million fifth fund to back deeptech startups, as first reported by Bloomberg. The fund will be an extension of iGlobe’s existing strategy, which centres on intellectual property, and leveraging it to build commercial value. According to its official website, iGlobe focuses on startups in four main… Continue reading SG’s iGlobe Partners raising $200m fifth fund to back deeptech startupsThe fund will be an extension of iGlobe’s existing strategy, which centres on i…
Asian buyout firm Navis seeks to raise $350m for maiden private credit fund
Asian buyout firm Navis Capital Partners is targeting a $350-million raising in an inaugural credit fund that will provide private lending mainly to Southeast Asian companies, two sources with direct knowledge of the matter told Reuters. The Kuala Lumpur-headquartered private equity firm will make credit investments in sustainable-focused businesses or sectors primarily in Indonesia, Vietnam,… Continue reading Asian buyout firm Navis seeks to raise $350m for maiden private credit fund
Australia mulls credit card laws to regulate BNPL lenders
Australia may make buy now pay later (BNPL) providers follow responsible lending laws, including mandatory background checks of borrowers, a government paper published on Monday said, pushing the sector closer to full regulation. Consumer advocates fear lenders have outgrown borrowing laws and “the rapid growth of the BNPL industry may be contributing to poor consumer… Continue reading Australia mulls credit card laws to regulate BNPL lenders
Stonepeak cuts first Australian deal with $732m port purchase
US investment group Stonepeak said on Monday it would make its first Australian purchase by agreeing to buy GeelongPort, which sources said was worth A$1.1 billion ($732 million). Stonepeak will partner with Australian industry superannuation Spirit Super for the deal which is expected to be approved by regulators in the first quarter of 2023. The… Continue reading Stonepeak cuts first Australian deal with $732m port purchase
Xiaomi-backed Chinese EV battery maker SVOLT files for $2.1b STAR Market IPO
SVOLT Energy Technology Co Ltd, a Chinese electric vehicle (EV) battery maker that counts Xiaomi Corp and IDG Capital among its investors, has filed for an initial public offering (IPO) to raise as much as 15 billion yuan ($2.1 billion) on Shanghai’s Nasdaq-style STAR Market. SVOLT, a spinoff from Chinese automaker Great Wall Motors, filed… Continue reading Xiaomi-backed Chinese EV battery maker SVOLT files for $2.1b STAR Market IPO