Fundiin, one of the first movers in Vietnam’s buy now pay later (BNPL) sector, has raised $5 million in a Series A funding round co-led by Trihill Capital and ThinkZone Ventures, according to an announcement. Other investors participating in the round included 1982 Ventures, Genesia Ventures, JAFCO Asia, Zone Startups Ventures, and Do Thu Ngan, former… Continue reading Vietnam’s BNPL startup Fundiin bags $5m in Series A round
Author: Deal Street Asia Online News
Blibli banks on Indonesia resilience as upcoming IPO launches in tough marketBliBli is looking to raise $530m, compared with Bukalapak’s $1.5b and GoT…
It may not the best of times for a stock market listing, but many analysts expect Indonesia’s BliBli to pull off a successful initial public offering (IPO) next month. PT Global Digital Niaga Tbk — the entity that owns e-commerce player Blibli, Indonesian online travel agency Tiket.com, and supermarket chain Ranch Market — announced on… Continue reading Blibli banks on Indonesia resilience as upcoming IPO launches in tough marketBliBli is looking to raise $530m, compared with Bukalapak’s $1.5b and GoT…
UAE sovereign wealth fund ADIA to launch new data research centre
The Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the United Arab Emirates (UAE), plans to open an advanced data research centre, an independent entity within the fund with goals not solely linked to investment applications. ADIA Lab will formally launch on Dec. 2 and is part of moves across the government to promote digitalisation and advanced technological applications. It will be headed by Horst Simon as director,… Continue reading UAE sovereign wealth fund ADIA to launch new data research centre
Credit Suisse working with RBC, Morgan Stanley on capital increase
Credit Suisse Group AG is working with banks including Royal Bank of Canada (RBC) and Morgan Stanley on a potential capital increase, should it need to shore up its balance sheet and raise funds for its restructuring, Bloomberg News reported on Tuesday, citing people familiar with the matter. A capital increase through a possible share sale, under the name Project Ghana, could come after the bank’s formal restructuring… Continue reading Credit Suisse working with RBC, Morgan Stanley on capital increase
Swedish private equity firm EQT lines up near-record deals in Japan
Sweden-based private equity firm EQT has a near-record number of Japanese deals in the pipeline despite market turbulence, executives said, helped by the country’s relatively stable financing environment and a flow of corporate shake-ups. EQT’s robust deal-making activity in Japan puts the world’s third-biggest economy in the private equity limelight at a time when higher… Continue reading Swedish private equity firm EQT lines up near-record deals in Japan
Chinese energy storage startup Hithium raises $278m in Series B roundThe proceeds will be used for equipment procurement, and investment in R&D, among…
Hithium has raised over 2 billion yuan ($277.9 million) in a Series B round of financing led by ABC International, the investment banking unit of the Agricultural Bank of China (ABC), as the Chinese energy storage startup gears up to expand its production capacity. Matrix Partners China, new energy-focused Fenghe Capital, Dayone Capital, Shanghai-listed metal… Continue reading Chinese energy storage startup Hithium raises $278m in Series B roundThe proceeds will be used for equipment procurement, and investment in R&D, among…
India is a key market within Asia for EQT, says CEO Christian Sinding
Swedish private equity firm is “particularly excited” about investment opportunities in India as a key market within Asia, according to the firm’s CEO and managing partner Christian Sinding. During EQT’s Q3 2022 conference call on Tuesday, he said the Indian market offered excellent deal opportunities, driven by the country’s tech services and next-generation software companies.… Continue reading India is a key market within Asia for EQT, says CEO Christian Sinding
Vertex Ventures set to raise nearly $500m for China-focused fund
Venture capital firm Vertex Ventures, backed by Singapore state investor Temasek, is set to raise nearly $500 million for a new fund that will invest in efforts to step up China’s domestic tech development, a senior executive said. The new fund’s size will exceed an initial target of $400 million, compared with an earlier, similar fund that… Continue reading Vertex Ventures set to raise nearly $500m for China-focused fund
Indonesia sets up $1b fund to improve access to clean water
Indonesia has launched a $1 billion fund that will invest in projects providing clean water access throughout the archipelago, according to a statement. Dubbed the Indonesia Water Fund (IWF), the government has assigned state-owned fund management firm PT Danareksa, construction company PT Nindya Karya, and water management companies Perum Jasa Tirta 1 and Perum Jasa… Continue reading Indonesia sets up $1b fund to improve access to clean water
Qiming-backed Chinese SaaS firm Transwarp makes strong STAR Market debut
Shanghai-headquartered Software-as-a-Service (SaaS) company Transwarp, which is backed by Qiming Venture Partners, on Tuesday made a stellar STAR Market debut with its shares opening at 47.34 yuan ($6.58) apiece and closing at 72 yuan apiece, up by approximately 52%, according to a statement. The firm has raised 1.43 billion yuan ($199 million) in an initial… Continue reading Qiming-backed Chinese SaaS firm Transwarp makes strong STAR Market debut