Singapore-based Arta Finance, which describes itself as a “digital family office”, announced on Wednesday that it has emerged from stealth mode with the launch of its digital platform. Arta Finance was established over a year ago as Arbo Works and built by eight co-founders — all former Google executives — who have led and managed… Continue reading SG’s Arta Finance emerges from stealth; raises $90m from Sequoia India, Eric Schmidt, others
Author: Deal Street Asia Online News
India Digest: Shivalik Small Finance Bank, MoEVing, AlmaBetter raise capital
Shivalik Small Finance Bank has raised $13.4 million (Rs111 crore) in equity co-led by global venture capital firms Accel and Quona Capital. Separately, upskilling platform AlmaBetter has raised $2.7 million in a seed round led by Kalaari Capital, while electric mobility tech platform MoEVing raised $2.5 million from JSW Ventures. Shivalik Small Finance Bank raises… Continue reading India Digest: Shivalik Small Finance Bank, MoEVing, AlmaBetter raise capital
TV TOKYO leads Series D funding in Vietnam-based POPSTV TOKYO said it has injected $3m into POPS.
Japanese media company TV TOKYO has led a Series D funding round for Vietnam-based digital entertainment firm POPS Worldwide, the latter said in a statement. The financial details of the round were not disclosed. In a separate announcement, TV TOKYO said it has injected $3 million into the Vietnamese company. Last year, POPS also trumpeted… Continue reading TV TOKYO leads Series D funding in Vietnam-based POPSTV TOKYO said it has injected $3m into POPS.
PGIM Real Estate joins Mindworks-backed Dash Living to snap up $108m HK hotel
Hong Kong-based co-living space operator Dash Living, in a joint venture with its backer Mindworks Ventures and US asset manager PGIM Real Estate, has completed the acquisition of HK$850-million ($108 million) city hotel Travelodge Central Hollywood Road, according to various industry sources. The property, spanning 58,000 square feet in gross floor area, will be turned… Continue reading PGIM Real Estate joins Mindworks-backed Dash Living to snap up $108m HK hotel
India: SaaS unicorn Amagi bags $105m in fresh funding from General AtlanticAmagi turned unicorn after raising $95 million in a funding round led by Ac…
Cloud-based media SaaS company Amagi has raised about $105 million (Rs 875 crore) in a mix of primary and secondary funding from private equity firm General Atlantic. According to the company’s latest filing with the Registrar of Companies (RoC), its board has passed a special resolution to issue 3,35,854 Series F compulsory convertible preference shares… Continue reading India: SaaS unicorn Amagi bags $105m in fresh funding from General AtlanticAmagi turned unicorn after raising $95 million in a funding round led by Ac…
India may let Chinese electronics firms enter via JVs with local companies, says report
The Indian government is open to letting Chinese companies enter the country’s high-tech electronics sector should they set up manufacturing plants in partnerships with local companies, the Economic Times newspaper reported on Wednesday, citing officials. A joint venture (JV) proposal could be cleared if the Indian partner holds a majority stake and controls the board, according to the report, although it said no conditions have… Continue reading India may let Chinese electronics firms enter via JVs with local companies, says report
Tencent, China Unicom gain nod to set up ‘mixed ownership’ company
Chinese tech giant Tencent Holdings and state-owned telecommunications firm China Unicom have received regulatory approval to set up a so-called “mixed ownership” company, a public document showed on Wednesday. China has been accelerating its push for mixed-ownership reforms in an effort to boost the competitiveness of state firms. It was not immediately clear what the planned company would do. Shares in China Unicom surged 10% in Shanghai, forcing a temporary suspension of trade. Trade… Continue reading Tencent, China Unicom gain nod to set up ‘mixed ownership’ company
Canva-backer Blackbird raises Australia’s biggest VC fund at $640m
Australian venture capital firm Blackbird announced that it raised A$1 billion (about $640 million) for a new fund that will invest in general companies in Australia and New Zealand. The venture investor, which counts Canva and robotics firm Zoox in its portfolio, said the fifth fund is Australia’s largest fund to date and doubles the… Continue reading Canva-backer Blackbird raises Australia’s biggest VC fund at $640m
India Digest: Lotus Herbals picks up 20% in Yogic Secrets; Roha Dyechem buys Saraf Foods
Lotus Herbals Pvt Ltd has bought a 20% stake in nutraceutical products startup Yogic Secrets Healthcare. Separately, Roha Dyechem, a manufacturer of synthetic and natural colours, has acquired Saraf Foods Ltd, a freeze-dried agricultural product company. Lotus Herbals invests in Yogic Secrets Lotus Herbals Pvt Ltd said it has bought a 20% stake in nutraceutical… Continue reading India Digest: Lotus Herbals picks up 20% in Yogic Secrets; Roha Dyechem buys Saraf Foods
Temasek backs Australian recycling startup Samsara Eco’s $34.7m funding roundThe company is looking to build its first plastic recycling facility in M…
Australian recycling tech startup Samsara Eco has announced raising A$54 million (about $34.7 million) in a Series A funding round backed by Singapore state investment firm Temasek Holdings. The round was also participated by a host of investors including Breakthrough Victoria, Assembly Climate Capital, DCVC, and INP Capital. Existing investors, such as deep-tech fund Main… Continue reading Temasek backs Australian recycling startup Samsara Eco’s $34.7m funding roundThe company is looking to build its first plastic recycling facility in M…