Author: Deal Street Asia Online News

Zomato seeks to beef up brand portfolio with Paytm dealZomato plans to spin out the business into a new app called District in the next few weeks.

Indian food delivery platform Zomato’s acquisition of Paytm’s entertainment ticketing business for Rs 2,048 crore ($244 million) will strengthen its ‘going out’ segment while enabling Paytm to concentrate on its core financial services, experts feel. Go to Source

SG Digest: Labour rules for platform workers; government grants for blockchain firmsThe labor protections for ride-hailing and on-demand delivery work…

Singapore’s previously announced labor protections for ride-hailing and on-demand delivery workers will kick in from January 1, 2025 while the city-state is getting closer to giving government grants to businesses using blockchain technology. SG’s labor protections for platform workers to kick in from Jan 1 next year Singapore’s previously announced labor protections for ride-hailing and on-demand… Continue reading SG Digest: Labour rules for platform workers; government grants for blockchain firmsThe labor protections for ride-hailing and on-demand delivery work…

Warburg Pincus to back MA Financial’s $675m real estate credit vehicleThe vehicle is expected to provide global institutional investors access to Aust…

Australian alternative asset manager MA Financial is launching an A$1-billion ($675 million) real estate investment vehicle with support from US private equity giant Warburg Pincus, according to an announcement on Thursday.  According to a company statement, Warburg Pincus will facilitate offers to certain funds they manage that have already expressed interest in investing in these… Continue reading Warburg Pincus to back MA Financial’s $675m real estate credit vehicleThe vehicle is expected to provide global institutional investors access to Aust…

India Digest: E2E Networks, Zoff raise fundingZoff earlier secured funding in Shark Tank India from Boat co-founder & CMO Aman Gupta.

E2E Networks Limited has raised about $50 million through a preferential issue of equity shares, while Zoff has raised about $4.76 million from JM Financial Private Equity. E2E Networks secures $50m strategic investment E2E Networks Limited, an AI-focused cloud provider in India, on Thursday announced that it has raised about $50 million (Rs 420.51 crore)… Continue reading India Digest: E2E Networks, Zoff raise fundingZoff earlier secured funding in Shark Tank India from Boat co-founder & CMO Aman Gupta.

Asian GPs wake up to soft power of gender parity in returns, fundraisingGender-balanced funds deliver a net IRR that is 1.7% higher than male- or fema…

While private equity trailblazers like Blackstone and KKR have long been advocating for gender diversity as part of their ESG agenda, Asia’s private fund managers are also beginning to realise the benefits of fostering a workplace where people of all backgrounds can thrive, embracing what is known as ‘diversity, equity, and inclusion’ (DEI). Go to… Continue reading Asian GPs wake up to soft power of gender parity in returns, fundraisingGender-balanced funds deliver a net IRR that is 1.7% higher than male- or fema…

Fundraising in Greater China halves in Q2 as investors await market turnaroundDeal value fell 54.9% QoQ to $9b as investors gravitated to small-sized …

After a strong Q1, fundraising by Greater China startups plunged in April-June (Q2) 2024 to levels seen during the COVID-19 pandemic in 2020—a sign of low confidence among private market investors. Capital raised by startups headquartered in mainland China, Hong Kong, Taiwan, and Macau just crossed $9 billion in Q2, down 54.9% quarter-on-quarter (QoQ). Deal… Continue reading Fundraising in Greater China halves in Q2 as investors await market turnaroundDeal value fell 54.9% QoQ to $9b as investors gravitated to small-sized …

India Digest: Snapdeal founders’ fund raises $24m; Aye Finance, Livpure bag fundingTitan Capital has invested in over 250 companies since 2011, includ…

Titan Capital has raised $24 million for its Winners fund, while Aye Finance has closed a $25.3-million business loan securitisation transaction. Separately, Livpure has raised $27.8 million from M&G Investments and Ncubate Capital Partners. Titan Capital raises $24m for winners fund Snapdeal founders’ VC firm Titan Capital, which has backed the likes of Ola, Razorpay… Continue reading India Digest: Snapdeal founders’ fund raises $24m; Aye Finance, Livpure bag fundingTitan Capital has invested in over 250 companies since 2011, includ…

India Digest: Volt VC launches fund; Accel funds Uppercase; PE majors eye stake in TheobromaICICI Venture is eyeing a complete exit from Theobroma, al…

Accel has invested $9 million in Uppercase’s Series B funding, while Volt VC has launched its debut fund. Separately, at least four companies have submitted non-binding bids for a majority stake in bakery chain Theobroma. Uppercase raises $9m from Accel Global venture capital firm Accel has invested $9 million in luggage brand Uppercase’s Series B… Continue reading India Digest: Volt VC launches fund; Accel funds Uppercase; PE majors eye stake in TheobromaICICI Venture is eyeing a complete exit from Theobroma, al…