Chinese private equity (PE) firm FountainVest Partners is targeting to raise 3 billion yuan ($413.9 million) for its second RMB-denominated fund, the firm disclosed in a statement on Tuesday. The new fund will add to FountainVest’s existing portfolio of four US dollar funds and one Chinese yuan fund. The fund will mainly invest in growth-stage… Continue reading China’s FountainVest Partners plans to raise $414m RMB Fund II for growth-stage dealsFund II comes about four years after the launch of FountainVest’s…
Author: Deal Street Asia Online News
India: Investcorp leads Clove Dental’s $67m Series D round
Global Dental Services, which owns and operates a chain of dental clinics called Clove Dental in India, said it has raised about $67 million (Rs 545 crore) in a Series D round, led by global alternate investment firm Investcorp. The round also saw participation from Tybourne Capital and SeaLink Capital Partners apart from some new… Continue reading India: Investcorp leads Clove Dental’s $67m Series D round
Atome bags in-principle nod to operate as a major payment institution
Southeast Asian fintech player Atome, which is also known as Apaylater Financials, has received an in-principle approval from Singapore’s central bank to operate as a major payment institution (MPI). Once granted, the MPI licence will allow the company to perform regulated services such as account issuance, domestic and cross-border money transfers, as well as merchant… Continue reading Atome bags in-principle nod to operate as a major payment institution
Wavemaker Impact hits first close of debut fund at $13m
Singapore-based Wavemaker Impact, the climate-tech venture-building arm of Wavemaker Partners, has announced the first close of its debut fund to drive decarbonisation in Southeast Asia. The fund size is around $25 million, and the firm has raised $13 million in the first close, according to sources familiar with the matter. Wavemaker Impact plans to close… Continue reading Wavemaker Impact hits first close of debut fund at $13m
Elevar Equity leads $6m funding in CureBay and India deals worth $87m
Odisha-based healthtech platform CureBay on Wednesday announced that it has raised about $6.1 million (Rs 50 crore) in its Series A funding round led by early-stage venture capital firm Elevar Equity. The startup will use the funds for hiring, strengthening technology platform, and to expand to new locations. CureBay plans to launch 100 e-clinics in… Continue reading Elevar Equity leads $6m funding in CureBay and India deals worth $87m
PH startup Humble Sustainability raises $750K and other SE Asia deals
The Philippines-based circular economy startup Humble Sustainability has announced raising $750,000 in a Seed funding round led by SeedStars International Investors, a global seed-stage venture investor. The funding round was also participated by iSeed Ventures, a US-based early-stage venture capital firm, and angel investors, including Jakarta-based B2B marketplace Ula co-founder Alan Wong and Sagar Achanta.… Continue reading PH startup Humble Sustainability raises $750K and other SE Asia deals
ADB invests $12m in Indonesian medical equipment firm OneMed
The Asian Development Bank (ADB) has invested $12.2 million in Indonesian medical equipment firm PT Jayamas Medica Industri, known as OneMed, to support its expansion. According to ADB’s press statement on Wednesday, the global bank has subscribed 1 billion shares worth $12.2 million in OneMed’s IPO on the local stock exchange. The company will use… Continue reading ADB invests $12m in Indonesian medical equipment firm OneMed
Chinese smart glasses maker Rokid snaps almost $53m in four days
Augmented reality (AR) glasses maker Rokid has notched a total of 384 million yuan ($52.9 million) within four days from a slew of investors, the firm announced via its WeChat channel, without divulging details of the funding stage. The Temasek-backed firm first announced that it has bagged 125 million yuan ($17.2 million) from Yuhang Financial… Continue reading Chinese smart glasses maker Rokid snaps almost $53m in four days
PH telecom giant Globe raises $293m through rights offerAyala and Singtel are Globe’s principal shareholders.
Philippine telecom giant and digital solutions platform Globe has raised approximately 17 billion pesos (about $293 million) from its stock rights offering (SRO) that received shareholder support, the company announced. The Ayala-led telco formally listed 10,119,047 common shares newly issued to participating shareholders on the Philippine Stock Exchange on October 28 at 1,680 pesos per… Continue reading PH telecom giant Globe raises $293m through rights offerAyala and Singtel are Globe’s principal shareholders.
BRI Ventures secures first close of Kiqani fund, and final close of Sembrani at over $25m
BRI Ventures (BVI), the corporate venture capital arm of the Indonesian state-owned lender Bank Rakyat Indonesia (BRI), has secured the first close of its Sembrani Kiqani fund in June 2022. It also plans to fully close the vehicle by end-2022, BVI’s founding CEO Nicko Widjaja told DealStreetAsia. The size of the final close is expected… Continue reading BRI Ventures secures first close of Kiqani fund, and final close of Sembrani at over $25m