Business-to-business (B2B) marketplace Udaan, backed by investors such as Lightspeed India Partners and GGV Capital, has secured $120 million in convertible notes and debt, the company’s chief financial officer Aditya Pande told employees in an internal mail. The round has been led by the startup’s existing shareholders and bondholders. Following the current fundraising, Udaan now… Continue reading B2B marketplace Udaan raises $120m, seeks to go public in 12-18 mths
Author: Deal Street Asia Online News
FMO to invest in SG-based SME financing platform Validus
Dutch development bank FMO has proposed to invest $650,000 in Singapore-based SME financing platform Validus to provide additional capital needed to grow the company’s operations. If approved, the proposed investment will bring FMO’s total funding in Validus to about $6.22 million. The Dutch lender first invested $6.08 million in the SME financing platform in 2019… Continue reading FMO to invest in SG-based SME financing platform Validus
APG, CapitaLand Investment enter JV, to take over SG self-storage operatorAPG will hold 90% stake in the entity formed to establish an Asia-focused se…
Dutch pension fund manager APG Asset Management has teamed up with Singapore-listed real estate company CapitaLand Investment (CLI) to acquire self-storage operator Extra Space Asia (ESA) for approximately S$570 million ($405 million) through a joint venture deal, according to a statement. APG will hold a 90% stake in a newly-formed entity set out to establish… Continue reading APG, CapitaLand Investment enter JV, to take over SG self-storage operatorAPG will hold 90% stake in the entity formed to establish an Asia-focused se…
Lamudi’s holding entity EMPG raises $200m led by Jared Kushner’s Affinity Partners
Emerging Markets Property Group (EMPG), the holding company of Indonesian property listing platform Lamudi, on Thursday announced that it has raised $200 million in funding led by US-based Affinity Partners, which is Jared Kushner’s global investment firm. Kushner, the son-in-law and former aide to ex-US president Donald Trump, has raised more than $3 billion in… Continue reading Lamudi’s holding entity EMPG raises $200m led by Jared Kushner’s Affinity Partners
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…
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…
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