WATI (WhatsApp Team Inbox), a customer and sales engagement tool, has raised $23 million in a Series B round led by marquee venture capitalist Tiger Global, per an announcement. The round also saw the participation of existing investor Sequoia Capital India & Southeast Asia, besides new investors DST Global Partners, and the Canadian multinational e-commerce… Continue reading WhatsApp-for-business tool WATI raises $23m led by Tiger GlobalIndia is WATI’s single-largest market, with a third of its customers based out of the c…
Author: Deal Street Asia Online News
Investcorp, Fung Capital set up $500m fund targeting China’s Greater Bay Area
Global alternative investment manager Investcorp and the private equity arm of Hong Kong’s Fung Investments —Fung Capital — have launched a $500 million fund to invest in companies in the Greater Bay Area (GBA), according to an announcement on Wednesday. The sector-agnostic fund will focus on investing in mid-cap companies and privately-negotiated equity or equity-linked… Continue reading Investcorp, Fung Capital set up $500m fund targeting China’s Greater Bay Area
ESR Australia, Partners Group sell Sydney building to UBS for $255m
Swiss private market investor Partners Group and the Australian unit of Warburg Pincus-backed ESR have sold 73 Miller Street, an office tower in North Sydney, to Zurich-based UBS Asset Management for A$400 million ($255 million). UBS is acquiring the asset on behalf of an undisclosed client, according to an announcement. In 2017, the Partners Group… Continue reading ESR Australia, Partners Group sell Sydney building to UBS for $255m
Thai metaverse developer Translucia picks majority in InfofedThe transaction marks KK Fund’s second exit in Thailand.
Thailand-headquartered metaverse developer Translucia has acquired a majority stake in the local eSports arena Infofed, which is backed by Japanese seed-stage investor KK Fund, for $20 million in a joint venture deal, according to a source familiar with the development. The transaction marks KK Fund’s second exit in Thailand following Eventpop in 2021, KK Fund… Continue reading Thai metaverse developer Translucia picks majority in InfofedThe transaction marks KK Fund’s second exit in Thailand.
Temasek unit 65 Equity Partners injects $106m in Cityneon
Temasek’s wholly-owned investment firm 65 Equity Partners has invested S$150 million ($106 million) in Singapore-based immersive entertainment firm Cityneon Holdings, per an announcement. Prior to this transaction, Cityneon raised a S$235 million round in April 2021, which valued the company at over S$1 billion. Cityneon’s existing investors include CITIC Capital, Pavilion Capital, EDBI, Qatar’s Doha Venture Capital… Continue reading Temasek unit 65 Equity Partners injects $106m in Cityneon
Australian VC Square Peg raises $550m for SE Asia, Australia, and Israel fund
Square Peg, Australia’s largest pensions-backed venture capital (VC) firm, announced that it has raised $550 million for its fifth fund, which will focus on tech founders in Australia, Southeast Asia, and Israel. The fund, which secured commitments from new and returning investors, brings Square Peg’s total funds raised to date to over $1.6 billion since… Continue reading Australian VC Square Peg raises $550m for SE Asia, Australia, and Israel fund
Altair Capital picks significant minority in SG-based Beyond Medical GroupThe deal marks the eighth investment from Altair’s debut fund.
Altair Capital, the ASEAN affiliate of Japanese buyout firm Polaris Capital Group, has picked up a significant minority stake in Singapore-based multi-disciplinary private specialist healthcare group Beyond Medical Group. Financial details of the transaction were not disclosed. This is the eighth investment from Altair Capital’s inaugural $100-million fund. The firm typically writes cheques of up… Continue reading Altair Capital picks significant minority in SG-based Beyond Medical GroupThe deal marks the eighth investment from Altair’s debut fund.
IFC proposes $30m senior loan to Vivriti’s latest alt investment fund
World Bank Group member International Finance Corporation (IFC) has proposed to extend a senior loan of up to $30 million to Vivriti India Retail Assets Fund, the latest alternative investment fund of Vivriti Asset Management Private Limited (VAM), according to a disclosure. The fund, which will be established in the GIFT City, India’s International Finance… Continue reading IFC proposes $30m senior loan to Vivriti’s latest alt investment fund
HK’s new listing regime may not be game changer for startups, investorsExperts foresee years of wait-and-see before HK thrives under a tech-friendly l…
The Hong Kong government’s new initiatives including a $3.8-billion industry development fund and revamp of listing norms may not be a game changer for the city’s startups and their venture investors seeking exits at a time of market volatility. Hong Kong chief executive John Lee announced a series of measures to spur the city’s economic… Continue reading HK’s new listing regime may not be game changer for startups, investorsExperts foresee years of wait-and-see before HK thrives under a tech-friendly l…
Southeast Asia’s startup funding hits seven-quarter low in Q3 at $3.7b
Fundraising by Southeast Asia’s privately held companies dipped to a seven-quarter low in the July-September period amid a worsening macroeconomic environment, finds the latest report by DealStreetAsia – DATA VANTAGE. Startups in the region secured $3.72 billion in venture capital funding in the third quarter, down 22% from the previous quarter and 36.4% year on… Continue reading Southeast Asia’s startup funding hits seven-quarter low in Q3 at $3.7b