Venture capital firm Chiratae Ventures on Tuesday said it has raised $93 million (Rs. 759 crore) for the first close of its ‘Growth Fund I’ to invest in growth-stage startups. The firm said it plans to now close its greenshoe commitments by Dec 2022 and is targeting to invest across 15-20 startups raising Series C… Continue reading India: FirstCry, Myntra early backer Chiratae marks first close of growth fund at $93m
Author: Deal Street Asia Online News
Grab digibank senior exec Reuban Lai said to be leaving
Reuben Lai, the executive director of GXS Bank — the digital banking joint venture of Grab Holdings and Singapore Telecommunications (Singtel) — is said to be leaving the company at the end of this year. He is, however, said to remain a director on the board of GXS’ digital bank in Malaysia. DealStreetAsia has reached… Continue reading Grab digibank senior exec Reuban Lai said to be leaving
Investcorp plans major ramp up of India assets to $5b in medium term, says co-CEOThe firm is looking at investment opportunities in Indonesia and the …
Editor’s note: This story, originally published on Nov. 7, has been updated to include the company’s comments. Alternative assets manager Investcorp is planning to increase its exposure to India in the next five years, its co-CEO Rishi Kapoor told DealStreetAsia. The firm currently manages just over $600 million in India, which is a mere 1.5%… Continue reading Investcorp plans major ramp up of India assets to $5b in medium term, says co-CEOThe firm is looking at investment opportunities in Indonesia and the …
Analysts back Blibli’s listing amid rising interest rates
Go to Source
Nvidia offers new advanced chip to meet US export controls on ChinaSuch advanced chips can cost thousands of dollars each.
US chip maker Nvidia Corp is offering a new advanced chip in China that meets recent export control rules aimed at keeping cutting-edge technology out of China‘s hands, the company confirmed on Monday. Nvidia responded to Reuters’ reporting that Chinese computer sellers are advertising products with the new chip. The chip, called the A800, represents the first reported effort by a U.S. semiconductor company to create advanced processors for China that follow new U.S. trade rules. Nvidia has said the export limitations could cost it… Continue reading Nvidia offers new advanced chip to meet US export controls on ChinaSuch advanced chips can cost thousands of dollars each.
PE giant KKR to invest $400m in Indian decarbonisation platform Serentica Renewables
Private equity giant KKR is set to invest $400 million in Serentica Renewables, a Gurugram-headquartered decarbonisation platform that provides clean energy solutions for energy-intensive industries, per an announcement. Serentica, which is held by Twinstar Overseas Limited, focuses on industrial decarbonisation and makes renewables the primary source of energy for the commercial and industrial segment, which… Continue reading PE giant KKR to invest $400m in Indian decarbonisation platform Serentica Renewables
Gap to sell Greater China businesses to e-commerce firm Baozun
US apparel retailer Gap Inc has agreed to sell its Greater China businesses to Baozun Inc, the e-commerce service provider said on Tuesday, as headwinds persists for global consumer brands in the world’s second-largest economy. Dealmakers have seen opportunities for merger and acquisitions involving multinational firms that look to spin off their China units, as growth outlook in the country grappling with strict COVID-curbs remains uncertain amid intensifying… Continue reading Gap to sell Greater China businesses to e-commerce firm Baozun
BEENEXT leads funding in Driffle and India deals worth $84m
Digital gaming marketplace Driffle on Tuesday announced that it has raised $3.4 million in its seed funding round led by BEENEXT and other global investors, including JAFCO Asia, Taurus Ventures, Better Capital, and White Venture Capital. Renowned angel investors Kunal Shah, Maninder Gulati, Amit Damani, Archana Priyadarshani, and Arun Venkatachalam, among others, also participated in… Continue reading BEENEXT leads funding in Driffle and India deals worth $84m
Blibli’s shares recover after opening below their IPO price on listing dayShares of the company opened at 440 rupiah apiece, lower than the IPO price …
PT Global Digital Niaga Tbk — the entity that owns e-commerce player Blibli, online travel agency Tiket.com, and supermarket chain Ranch Market — listed on the Indonesia Stock Exchange (IDX) on Tuesday. Shares of the company, which started trading under the ticker BELI, opened at 440 rupiah apiece, lower than the IPO price of 450 rupiah… Continue reading Blibli’s shares recover after opening below their IPO price on listing dayShares of the company opened at 440 rupiah apiece, lower than the IPO price …
Indonesia’s newly launched Kopital Network looks to connect angels with startup founders
An angel investor network of startup founders and executives, seeking to help new Indonesian founders with funding and expert advice, has launched in Indonesia. Called Kopital Network, the entity will function independently, James Prananto, co-founder of Kenangan Brands, the Indonesian New Retail F&B group behind Kopi Kenangan, told DealStreetAsia. While Prananto is an angel investor… Continue reading Indonesia’s newly launched Kopital Network looks to connect angels with startup founders