Klinik Pintar, a Golden Gate Ventures-backed healthtech company, is looking at a unique partnership model to build 100 new clinics across the archipelago as part of its efforts to turn profitable and become Indonesia’s biggest primary-care player, a top executive said. The startup believes that despite the need to bring technology into the healthcare system,… Continue reading Indonesia’s Klinik Pintar eyes partnership model to set up 100 digitised clinicsIt will not be an equity round but more of a JV with several investors…
Author: Deal Street Asia Online News
Orix Corp ready to invest $2b in consortium to buy out Toshiba: NikkeiThe consortium is led by PE firm Japan Industrial Partners.
Orix Corp has decided it could invest about 300 billion yen ($2 billion) in a consortium to buy out Japanese industrial conglomerate Toshiba Corp, the Nikkei Business magazine reported on its website on Friday. A consortium led by private equity firm Japan Industrial Partners (JIP) has been granted preferred bidder status by Toshiba in a second… Continue reading Orix Corp ready to invest $2b in consortium to buy out Toshiba: NikkeiThe consortium is led by PE firm Japan Industrial Partners.
Tencent-backed online broker Futu plans to venture into new Asian markets
One of China’s most prominent online brokers plans to venture into “one or two” new markets in Asia within the next 12 months, in a concerted international push amid regulatory uncertainty at home, as Beijing cracks down on internet platform companies. The Shenzhen- and Hong Kong-headquartered Futu Holdings, backed by Chinese technology giant Tencent, is… Continue reading Tencent-backed online broker Futu plans to venture into new Asian markets
KKR invests $300m in Indian seeds company AdvantaKKR will acquire a 13.33% stake in Advanta, a subsidiary of UPL Ltd.
Global investment firm KKR on Friday announced that it has signed definitive agreements with UPL Limited to invest $300 million for a 13.33% stake in the latter’s subsidiary Advanta Enterprises Limited, which is engaged in the research and manufacturing of agricultural seeds. According to a report in Moneycontrol on Friday, UPL’s another arm, UPL sustainable… Continue reading KKR invests $300m in Indian seeds company AdvantaKKR will acquire a 13.33% stake in Advanta, a subsidiary of UPL Ltd.
Unilever invests in Indonesia’s gummy vitamin maker YOUVIT
Indonesia’s gummy vitamins brand YOUVIT has secured $6 million in Series B funding from a host of investors, including Unilever and British American Tobacco (BAT), according to regulatory filings. Unilever led the round with a $2 million investment, according to YOUVIT’s filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA). The consumer goods giant routed… Continue reading Unilever invests in Indonesia’s gummy vitamin maker YOUVIT
People Digest: Funding Societies names Malaysia chief; Creadev has new Asia MD
Southeast Asian online lending platform Funding Societies has appointed Chai Kien Poon as its Malaysia country head. Meanwhile, Creadev, the investment arm of France’s Mulliez family, has appointed JY Chow as its Asia managing director. Funding Societies appoints Malaysia country head Southeast Asian online lending platform Funding Societies has appointed Chai Kien Poon as its Malaysia… Continue reading People Digest: Funding Societies names Malaysia chief; Creadev has new Asia MD
F&B management startup Runchise raises seed funding and other SE Asia deals
Runchise, a Jakarta-based restaurant management startup, has raised an undisclosed seed funding round anchored by the Indonesia-focused venture capital firm East Ventures. The funding round was also backed by Genesia Ventures, Arise MDI Ventures, Init6, Prasetya Dwidharma, Alto Partners, and angel investors, according to a company announcement. Go to Source
GAC AION raises $2.5b to become China’s most valuable EV startupThe startup now commands a valuation of over $14.2b.
GAC AION, which is affiliated with the Chinese state-owned automaker Guangzhou Automobile Group (GAC), has pocketed 18.3 billion yuan ($2.5 billion) in a Series A round to become the most valuable startup in China’s electric vehicle (EV) industry. The five-year-old EV subsidiary reached a valuation of over 103.2 billion yuan ($14.2 billion) following the fundraising… Continue reading GAC AION raises $2.5b to become China’s most valuable EV startupThe startup now commands a valuation of over $14.2b.
Lightspeed leads $20m funding in GlobalFair and India deals worth $88m
Gurugram-based B2B building material supplier GlobalFair has raised $20 million in its Series A funding round led by Lightspeed Venture Partners, per an announcement. The financing also saw participation of Saama Capital, India Quotient, AUM Ventures, and Stride Ventures, the startup said in a statement. It will use the funds to grow its team, scale… Continue reading Lightspeed leads $20m funding in GlobalFair and India deals worth $88m
Instacart may put off IPO amid market uncertainty
Grocery delivery app Instacart is likely to postpone its plans to go public in 2022 amid market uncertainty that has left investors worried about growing volatility in capital markets, two sources familiar with the plan told Reuters. The tech IPO market globally is in the middle of its worst drought in nearly two decades. U.S.… Continue reading Instacart may put off IPO amid market uncertainty