Billionaire Elon Musk’s SpaceX is in talks to raise nearly $1 billion in a new round that would value the rocket-launch and satellite company at about $150 billion, sources told Reuters. The ongoing talks offer SpaceX‘s share at about $85 apiece, up from the $125 billion valuation the company fetched earlier this year, sources said, suggesting strong investors’ appetite while many late-stage venture capital-backed startups have to cope with valuation cut. Bloomberg News first reported the raise on Tuesday. SpaceX did not respond to a… Continue reading SpaceX said to be in talks to raise nearly $1b at $150b valuationThe ongoing talks offer SpaceX’s share at about $85 apiece, up from the $125b valuati…
Author: Deal Street Asia Online News
Former GIC exec’s Growtheum Capital expected to close debut fund early next yearThe PE firm is said to have raised at least $550m for SEA Fund I, out …
Growtheum Capital Partners, set up by former GIC managing director of private equity Amit Kunal, has secured capital commitments for over half its debut fund, DealStreetAsia has learnt. The private equity firm has raised at least $550 million for SEA Fund I, out of a target of $800 million, from a spate of institutional investors,… Continue reading Former GIC exec’s Growtheum Capital expected to close debut fund early next yearThe PE firm is said to have raised at least $550m for SEA Fund I, out …
Indonesia’s Bank Amar banking on Investree’s ecosystem to return to profit
Indonesian lender Bank Amar is looking to swing back to profit next year on a 50% jump in disbursements, as it leverages Investree’s ecosystem to shore up its SME (small and medium enterprises) portfolio, a top executive told DealStreetAsia. In an exclusive interaction with DealStreetAsia, Bank Amar chief financial officer David Wirawan said its lending… Continue reading Indonesia’s Bank Amar banking on Investree’s ecosystem to return to profit
Indonesian furniture startup Dekoruma said to have raised fresh funding
Indonesian home decor platform Dekoruma is said to have completed a new financing round worth “tens of millions of dollars”, led by a fund owned by local conglomerate Djarum Group, according to a WeChat post by the venture capital firm Ondine Capital last week. Dekoruma’s existing investors, including Ondine Capital, OCBC, and Nexter Ventures, the… Continue reading Indonesian furniture startup Dekoruma said to have raised fresh funding
IFC launches $225m VC platform targeting startups in underserved regions
World Bank Group member International Finance Corporation (IFC) has launched a $225-million venture capital platform that will invest in early-stage startups in what it described as underserved regions. Specifically, IFC said the fund will invest in early-stage companies in Africa, the Middle-East, Central Asia, and Pakistan that address challenges in climate, healthcare, education, agriculture, e-commerce,… Continue reading IFC launches $225m VC platform targeting startups in underserved regions
PE giant Blackstone sets up first Asian data centre vehicle
Wall Street private equity giant Blackstone launched its first-ever data centre platform, Asia Lumina CloudInfra, on Tuesday. Owned and run by Blackstone’s Real Estate and Tactical Opportunities funds, the platform already has a couple of hyperscale data centres in India in its pipeline, according to an announcement on Tuesday. Lumina will look to expand its… Continue reading PE giant Blackstone sets up first Asian data centre vehicle
SG brand enablement platform AnyMind Group gets nod for Japan listing
Singapore-based brand enablement platform AnyMind Group has received approval to list on the Tokyo Stock Exchange’s growth market next month. Founded in April 2016, AnyMind Group provides brand commerce and partner growth services to brands, businesses, publishers, and influencers. The company has over 1,200 staff scattered across Singapore, Thailand, Indonesia, Vietnam, Cambodia, Malaysia, the Philippines,… Continue reading SG brand enablement platform AnyMind Group gets nod for Japan listing
India’s Contentstack raises $80m in Series C roundThe round was co-led by Georgian and Insight Partners and participated by Illuminate Ventures.
Contentstack, a content experience platform (CXP), on Tuesday said it has raised $80 million in a Series C funding round co-led by Georgian and Insight Partners. Illuminate Ventures also participated in the round, taking the total amount raised to $169 million so far. “Contentstack’s ability to ensure customers are successful while also innovating at record speeds… Continue reading India’s Contentstack raises $80m in Series C roundThe round was co-led by Georgian and Insight Partners and participated by Illuminate Ventures.
US VC investor Tim Draper sours on China, says it has left the free market
China is no longer a place to invest and has left “the free market” under President Xi Jinping, said U.S. venture capitalist Tim Draper, an early investor in Elon Musk’s Tesla and SpaceX. Draper was also an early and prominent investor in Chinese search engine Baidu Inc, but he is now turning his attention to Taiwan, home to companies such as TSMC, the world’s largest contract chipmaker.… Continue reading US VC investor Tim Draper sours on China, says it has left the free market
China’s auto parts maker Kasco snaps $72m in a Series B round
China’s Kasco, also known as KH Automobile Technology (Zhejiang KHAT), which produces air suspension system for passenger vehicles, has notched RMB 510 million ($72.4 million) in a Series B led by China Venture Capital, a joint venture between CRRC Corp and Guochuang Investment Fund Manager, Source Code Capital, and Shenzhen Capital Group. The round, participated… Continue reading China’s auto parts maker Kasco snaps $72m in a Series B round