PT Global Digital Niaga Tbk — the entity that owns the Indonesian e-commerce player Blibli, online travel agency Tiket.com, and supermarket chain Ranch Market — is said to have raised 8 trillion rupiah ($513 million) after pricing its shares at 450 rupiah apiece for its initial public offering (IPO), two sources familiar with the matter… Continue reading Blibli prices its shares at the higher end of price band in IPO, raises $513mWhile some say Blibli’s shares are overpriced, others argue that the Djar…
Author: Deal Street Asia Online News
Asia Digest: Toku closes Series A extension; Everstone part-exits Acqueon
Singapore-based cloud communications startup Toku has received $5 million in a Series A extension while India’s Acqueon has raised fresh funding from Long Ridge Equity. Toku gets $5m in Series A extension Singapore-based cloud communications provider Toku has received $5 million in its Series A extension bringing the total funding in this round to $10… Continue reading Asia Digest: Toku closes Series A extension; Everstone part-exits Acqueon
China Digest: BizSeer bags $28m; GL Ventures backs ZD POWER
Sequoia-backed BizSeer has raised almost $28 million in a Series C round, while energy tech firm ZD POWER has snapped around $14 million in a Series A round. Sequoia-backed BizSeer bags $28m Series C BizSeer, a specialist in artificial intelligence for IT operations (AIOps), has notched 200 million yuan ($27.7 million) in a Series C… Continue reading China Digest: BizSeer bags $28m; GL Ventures backs ZD POWER
SDIC, Vertex Ventures back $97m round of China’s New Dimension SystemsSoftBank China Venture Capital also participated in the round.
Chinese industrial software developer New Dimension Systems has secured almost 700 million yuan ($97.1 million) in a new funding round from investors including Temasek-backed Vertex Ventures and SoftBank China Venture Capital. The Hangzhou-headquartered startup raised the fresh capital from lead investor SDIC Venture Capital, the investment management arm of China’s State Development & Investment Corporation… Continue reading SDIC, Vertex Ventures back $97m round of China’s New Dimension SystemsSoftBank China Venture Capital also participated in the round.
China’s Alwin Capital closes second dual-currency fund this month at over $300m
Chinese venture capital (VC) firm Alwin Capital has secured the final close of a dual-currency fund at $300 million to invest in life and interdisciplinary sciences, according to a company announcement. The RMB investors of the dual-currency fund include large fund of funds (FoFs), Chinese government guidance funds, medical industry and insurance companies, banks, and… Continue reading China’s Alwin Capital closes second dual-currency fund this month at over $300m
Indonesian mobile cafe startup Jago nets $2.2m and other SE Asia deals
Indonesia-based mobile cafe network Jago has announced raising $2.2 million in pre-Series A funding anchored by venture capital firms Intudo Ventures, and BEENEXT. Jago, co-founded by former Gojek vice president of product Christopher Oentojo, said the oversubscribed round was also backed by CyberAgent Capital and Arkblu Capital. Go to Source
SE Asia’s digital economy to hit $200b GMV in 2022 — three years earlier than expected
Southeast Asia’s digital economy may cross the $200 billion mark by Gross Merchandise Value (GMV) this year, three years earlier than thought, according to the 2022 e-Conomy report by Google, Temasek, and Bain & Co. The inaugural e-Conomy SEA report, in 2016, had predicted this to happen by 2025. GMV in the region is on… Continue reading SE Asia’s digital economy to hit $200b GMV in 2022 — three years earlier than expected
Investcorp brings its family business experience to emerging Asia
Bahrain-based alternatives firm Investcorp is rarely in the news. But it is not unknown, particularly among those who have been tracking global private equity deals in consumer and consumer-related industries. Investcorp made headlines in the 1980s and 1990s with high-profile deals including North American and European luxury companies such as Tiffany & Co., Gucci Group,… Continue reading Investcorp brings its family business experience to emerging Asia
Altair Capital looks to raise $160-200m second fund next year
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Stripe enters crowded Thai payments market with global strategy
Stripe says it will use its global payments network to attract businesses of all sizes in Thailand after it launched operations in the already crowded market on Wednesday. The fintech company, headquartered in San Francisco and Dublin, is the latest in a string of U.S. tech companies to expand in Southeast Asia’s increasingly digital economies.… Continue reading Stripe enters crowded Thai payments market with global strategy