Lightspeed Venture Partners is aiming to allocate more capital to startups offering solutions for climate change. “We believe that the focus of climate tech has opened trillions of dollars of opportunities globally, so we’ll be focusing more on this,” said Harsha Kumar, a partner at Lightspeed. Go to Source
Author: Deal Street Asia Online News
IFC proposes $60m investment in India-focused Multiples PE’s GIFT Fund IV
The International Finance Corporation (IFC), a member of the World Bank Group, is proposing an equity investment of up to $60 million in the latest India-focused fund of Multiples Asset Management IFSC Private Limited, popularly Multiples PE, according to a disclosure. The proposed investment is for Multiples Private Equity GIFT – Fund IV, which is… Continue reading IFC proposes $60m investment in India-focused Multiples PE’s GIFT Fund IV
The LP View: Interest in Asia remains robust despite fundraising woes
Andy Wang, Partner, Primary Investments at Adams Street Partners in Beijing Global private markets investment manager Adams Street Partners believes limited partner (LPs) interest in Asia remains strong in spite of numbers that reflect weakened fundraising. Adams Street’s Andy Wang told DealStreetAsia in an exclusive interview: “Global entities do have plans to allocate to Asia,”… Continue reading The LP View: Interest in Asia remains robust despite fundraising woes
PropertyGuru’s Q3 revenue soars 47% YoY, net loss narrows
New York-listed PropertyGuru posted a 47% year-on-year jump in revenue in Q3 of this year to S$34.6 million ($25 million), and cut its net loss to S$7.4 million in the quarter from S$9.6 million a year ago, its latest earnings report showed. The Southeast Asian property listing platform said its overall revenue rose on the… Continue reading PropertyGuru’s Q3 revenue soars 47% YoY, net loss narrows
Thailand poised to be SE Asia’s top IPO market in 2022 as dry winter hits listingsOnly $2.5b was raised from 28 IPOs on Thailand bourses in 2022, down…
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Masayoshi Son owes $4.7b to SoftBank after stock crash
Masayoshi Son personally owes SoftBank close to $5bn because of growing losses on the Japanese conglomerate’s technology bets, which have also rendered the value of his stake in the group’s second Vision Fund worthless. The billionaire’s ballooning personal liabilities, discovered through a Financial Times analysis of SoftBank’s recent filings, comes as the world’s biggest tech… Continue reading Masayoshi Son owes $4.7b to SoftBank after stock crash
FTX’s Sam Bankman-Fried sold $300m stake during funding spree
FTX founder Sam Bankman–Fried sold a stake in the company worth $300 million when the crypto exchange raised capital last year, the Wall Street Journal reported on Friday, citing the firm’s financial records and people familiar with the transaction. At the time, Bankman–Fried told investors it was a partial reimbursement of money he’d spent to buy out rival Binance’s stake in FTX a few… Continue reading FTX’s Sam Bankman-Fried sold $300m stake during funding spree
Hong Kong crypto retail operator Genesis Block says it has stopped tradingEven before FTX’s bankruptcy, Genesis Block had been winding down its Hong K…
A leading cryptocurrency retail service provider in Hong Kong said it has ceased trading as the broader fallout from the collapse of FTX, and solvency issues at other major crypto firms, continues to roil the sector. Genesis Block, which at one time operated one of Asia’s biggest bitcoin ATM networks, said it would be closing down its… Continue reading Hong Kong crypto retail operator Genesis Block says it has stopped tradingEven before FTX’s bankruptcy, Genesis Block had been winding down its Hong K…
Zomato co-founder Mohit Gupta resigns, in third high-profile exit in two weeks
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GIC-backed Skyroot launches India’s first rocket built by the private sector
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