Author: Deal Street Asia Online News

Temasek said to have emerged as frontrunner to pick stake in India’s Haldiram: ReportAccording to the report, a term sheet has been signed between Tem…

Singapore sovereign wealth fund Temasek has emerged as the frontrunner to pick up a minority stake in India’s biggest snack maker, Haldiram Snacks, Moneycontrol reported on Tuesday, citing industry sources. Other suitors in the final lap of the proposed transaction include Blackstone and Alpha Wave Global. According to the report, a term sheet has been… Continue reading Temasek said to have emerged as frontrunner to pick stake in India’s Haldiram: ReportAccording to the report, a term sheet has been signed between Tem…

KKR said to be weighing sale of Japan’s Seiyu supermarketKKR owns 85% of Seiyu and Walmart the remaining 15%.

U.S. private equity fund KKR is considering selling supermarket chain Seiyu in a deal that could worth several hundred billion yen (several billion dollars), the Nikkei business daily reported on Tuesday. The bidding process for the sale of shares has begun, and major retailers including Aeon, Don Quijote owner Pan Pacific International Holdings and Trial… Continue reading KKR said to be weighing sale of Japan’s Seiyu supermarketKKR owns 85% of Seiyu and Walmart the remaining 15%.

India Digest: Oben Electric, EMO Energy bag funding; Petronas arm eyes $400mEMO’s round was led by Subhkam Ventures with participation from existing i…

Oben Electric and EMO Energy have raised Series A rounds, while Gentari India is reportedly looking to raise $300-400 million to set up solar and wind power assets. Oben Electric raises $5.8m Bengaluru-based electric vehicle startup Oben Electric on Tuesday said it has raised Rs 50 crore ($5.8 million) in its Series A funding round.… Continue reading India Digest: Oben Electric, EMO Energy bag funding; Petronas arm eyes $400mEMO’s round was led by Subhkam Ventures with participation from existing i…

Walmart-backed India’s Flipkart founder mulls Ola stake sale: ReportBansal recently sold a significant part of his holding in Ather Energy to Zerodha …

Sachin Bansal, the founder of Walmart-controlled Indian online retailer Flipkart, is reportedly in talks with investors to sell his stake in ride-hailing firm Ola. Bansal invested $100 million in Bhavish Aggarwal’s Ola in 2019 and has sought a premium to sell his stake by valuing the company at around $4 billion, The Economic Times reported… Continue reading Walmart-backed India’s Flipkart founder mulls Ola stake sale: ReportBansal recently sold a significant part of his holding in Ather Energy to Zerodha …

Indonesia’s Soul Parking raises Series A+ funding led by AppWorks, AC VenturesThe round also saw participation from Taiwan Mobile, USPACE, and Wavemak…

Soul Parking, Indonesia’s leading parking management service provider, has raised a Series A extension round co-led by AppWorks and AC Ventures, according to the company’s statement on Monday. While the financial terms were not disclosed, the round also saw participation from Taiwan Mobile; USPACE; and Wavemaker Ventures, the early-stage fund of Wavemaker Partners. AC Ventures… Continue reading Indonesia’s Soul Parking raises Series A+ funding led by AppWorks, AC VenturesThe round also saw participation from Taiwan Mobile, USPACE, and Wavemak…

SG data centre provider Digital Edge secures $1.6b in fresh fundingThe funding includes equity investment and debt financing.

Singapore-headquartered Digital Edge, which operates data centres in Asia, has announced raising over $1.6 billion in fresh equity and debt capital funding to continue the expansion of its platform. The fresh funding includes approximately $640 million of equity investment from both existing and new investors and $1 billion in debt financing, per the announcement. Digital… Continue reading SG data centre provider Digital Edge secures $1.6b in fresh fundingThe funding includes equity investment and debt financing.

Japan’s Z Venture Capital launches $190m new fundWith the new vehicle, ZVC will strengthen its global investment efforts.

Japanese venture capital firm Z Venture Capital (ZVC) has launched a new fund, ZVC Fund II Investment Limited Partnership (ZVC Fund II), with a total size of 30 billion yen ($190 million) to support innovation and drive startup growth globally, according to an announcement.  Tokyo-headquartered Z Venture Capital is a subsidiary of LY Corporation. ZVC Fund… Continue reading Japan’s Z Venture Capital launches $190m new fundWith the new vehicle, ZVC will strengthen its global investment efforts.

Australia’s Insignia Financial gets $1.8b takeover bid from CC Capital PartnersThe company had earlier been approached by Bain with a A$2.67b takeove…

Australia’s Insignia Financial said on Monday it has received a takeover bid from CC Capital Partners to acquire the 178-year-old money manager for A$2.87 billion ($1.78 billion). The company had earlier been approached by Bain Capital with a A$2.67 billion takeover offer, which it rejected in late December, citing that the offer does not provide… Continue reading Australia’s Insignia Financial gets $1.8b takeover bid from CC Capital PartnersThe company had earlier been approached by Bain with a A$2.67b takeove…