Alphabet Inc’s Google, which is already an investor in hyperlocal delivery startup Dunzo, is in talks to make an additional investment in the company, multiple sources privy to the development told DealStreetAsia. While the amount Google is looking to invest in Dunzo could not be ascertained, negotiations between the two firms are understood to be… Continue reading Google in talks to top up in Indian hyperlocal delivery platform Dunzo
Author: Deal Street Asia Online News
Cool Japan Fund to invest $10m in Vietnam-based Pizza 4P’s
Tokyo-based private equity firm Cool Japan Fund (CJF) will invest around $10 million in 4P’s Holdings Pte Ltd, which operates Vietnam-based restaurant chain Pizza 4P’s, per an announcement. Concurrently, Vietnam-focused PE firm Mekong Capital has exited its investment in 4P’s to CJF and three other companies in a transaction completed last month, showed regulatory filings… Continue reading Cool Japan Fund to invest $10m in Vietnam-based Pizza 4P’s
Asia Inc looks to score the perfect goal at Qatar World Cup
Asia has never had a bigger presence at a World Cup than it will this year, either on or — by a more significant margin — off the field. A record six Asian teams will compete in the quadrennial soccer tournament, which kicks off in Qatar on Sunday, out of a total of 32. Asia-based companies,… Continue reading Asia Inc looks to score the perfect goal at Qatar World Cup
Buyout firm Carlyle seeks $1.6b for second renewable energy fund
Carlyle Group Inc is seeking at least $1.6 billion for its second private equity fund that will invest in assets focused on renewable energy and sustainability, according to people familiar with the matter. The Washington, D.C.-based firm began amassing capital this year for the new fund, dubbed Carlyle Renewable & Sustainable Energy Fund II, the sources said. If it meets its fundraising target, it would be double the size of its predecessor fund, the Carlyle Renewable & Sustainable Energy Fund, which… Continue reading Buyout firm Carlyle seeks $1.6b for second renewable energy fund
Singapore’s Legend Logistics weighing $146m IPO for early 2023: report
Singapore-headquartered Legend Logistics is looking to go public on the local stock exchange to raise some S$200 million ($146 million), Bloomberg reported on Thursday. The logistics firm is reportedly in talks with financial advisors for the potential first-time share sale, the report added citing sources close to the matter. The company is aiming for a… Continue reading Singapore’s Legend Logistics weighing $146m IPO for early 2023: report
Alibaba Group posts lower-than-expected quarterly revenues on pandemic woes
Chinese e-commerce giant Alibaba Group Holding Ltd posted a smaller-than-expected rise in quarterly revenue on Thursday as COVID-19 curbs and a worsening economic outlook stifled consumer spending. Retail spending in China has sagged this year alongside the government’s strict zero-COVID policies that have led to frequent snap lockdowns and hurt economic activity. Alibaba has also had to contend with stiff competition from the likes… Continue reading Alibaba Group posts lower-than-expected quarterly revenues on pandemic woes
India’s Bharti Telecom returns to bond market after a year with $850m plan
India’s Bharti Telecom is planning to tap the bond market after a year‘s gap, with the company looking to raise as much as 70 billion Indian rupees ($858.32 million) through shorter-tenor bonds, according to a term sheet seen by Reuters on Thursday. The telecom operator, which holds a stake in Bharti Airtel, plans to raise funds in three tranches and has invited bids from investors on Friday, three merchant bankers… Continue reading India’s Bharti Telecom returns to bond market after a year with $850m plan
Asia Digest: Filipino accelerator launches $10m fund; Choco Up, Dream Impact team up for $5m fundA-Labs said it will be running its first cohort next …
While Philippine accelerator Archipelago Labs has launched a $10-million fund for Web3 startups, Hong Kong revenue-based financier Choco Up has partnered with Dream Impact for a $5-million fund to help social-impact startups. A-Labs launches $10m fund for Web3 startups The Philippines-based startup accelerator Archipelago Labs (A-Labs) has launched a $10-million fund to back and support… Continue reading Asia Digest: Filipino accelerator launches $10m fund; Choco Up, Dream Impact team up for $5m fundA-Labs said it will be running its first cohort next …
Chinese asset manager CDH’s unit launches maiden USD-denominated QFLP fundThe QFLP fund counts IFC as one of its major investors
CDH Mezzanine and Credit, a unit of Chinese asset manager CDH Investments, has started making the first tranche of investments from its maiden USD-denominated Qualified Foreign Limited Partners (QFLP) fund, the company said in a WeChat post. The QFLP fund counts the World Bank-affiliated International Finance Corporation (IFC) as one of its major investors Go… Continue reading Chinese asset manager CDH’s unit launches maiden USD-denominated QFLP fundThe QFLP fund counts IFC as one of its major investors
Edelweiss raises $282m for maiden energy infrastructure investment trust
Edelweiss Real Assets Managers Ltd, a unit of Edelweiss Alternatives, on Wednesday said it has raised $282 million (Rs 2,300 crore) under AnZen India Energy Yield Plus Trust, its maiden energy infrastructure investment trust. The fundraising of AnZen Trust was through private placement and received an encouraging response from a diversified set of institutional and… Continue reading Edelweiss raises $282m for maiden energy infrastructure investment trust