SirionLabs has acquired Kenzai Intelligent Systems (Zendoc), while ZikZuk Technologies has acquired SPANACROSS IT Solutions (TaxSpanner.com). SirionLabs buys US-based Zendoc SirionLabs, a company that provides software applications for enterprise contract management, on Wednesday said it has acquired Kenzai Intelligent Systems (Zendoc). DealStreetAsia had reported in August that SirionLabs was in the process of acquiring Zendoc… Continue reading India Digest: SirionLabs buys US-based Zendoc; ZikZuk acquires TaxSpanner.com
Author: Deal Street Asia Online News
Savills IM adds Japan buildings, Aussie mall to flagship pan-Asia fund portfolio
Savills Investment Management (Savills IM), a London-based real estate fund manager, has completed the acquisitions of office and residential assets in Japan and a $54 million shopping centre in Australia’s Perth, per an announcement. The assets will be part of Savills IM’s flagship pan-Asia fund — the Asia Pacific Income and Growth Fund. The investments… Continue reading Savills IM adds Japan buildings, Aussie mall to flagship pan-Asia fund portfolio
Cryptocurrencies continue to spiral down despite Binance-FTX deal
Cryptocurrencies saw a second day of sharp declines on Wednesday, as investors continued to fret about the stability of the sector and the financial health of major exchange FTX despite plans for a rescue deal from bigger rival Binance. Crypto giant Binance signed a nonbinding agreement on Tuesday to buy FTX‘s non-US unit to help cover a “liquidity crunch” at the rival exchange. The… Continue reading Cryptocurrencies continue to spiral down despite Binance-FTX deal
Meta to fire 11,000 employees in one of the biggest layoffs this year
Meta Platforms Inc said on Wednesday it would cut more than 11,000 jobs, or 13% of its workforce, in one of the year‘s biggest layoffs as the Facebook parent battles soaring costs from its push into the metaverse amid a weak advertising market. The mass layoffs, the first in Meta‘s 18-year history, follow thousands of job cuts at other major tech companies, including Elon Musk-owned Twitter and Microsoft Corp. The pandemic-led boom… Continue reading Meta to fire 11,000 employees in one of the biggest layoffs this year
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…
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…
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