Indonesian tech-enabled beauty company Social Bella, known for its omnichannel commerce site Sociolla, has raised $60 million in a funding round led by Singapore state investor Temasek Holdings and L Catterton. East Ventures, Jungle Ventures, and other existing investors also participated in the round, the company said on Tuesday. The announcement confirms a DealStreetAsia report… Continue reading Indonesia’s Social Bella bags $60m led by Temasek and L Catterton
Author: Deal Street Asia Online News
Venture Catalysts, SphitiCap back ClearDekho and India deals worth $398m
Eyewear brand ClearDekho has raised $5 million in its Series A funding round led by new investors Venture Catalysts and SphitiCap along with investments from Dholakia Ventures, NB Ventures, Estrela Ventures, Cornerstone, Boon Capital, FAAD Network and others, it announced on Tuesday. Founded by Shivi Singh and Saurabh Dayal in 2017, ClearDekho claims to have… Continue reading Venture Catalysts, SphitiCap back ClearDekho and India deals worth $398m
People Digest: MAS appoints chief sustainability officer; Crown Digital announces new hires
The Monetary Authority of Singapore (MAS) has appointed Gillian Tan as chief sustainability officer while Crown Digital has announced several key hires. MAS names Gillian Tan as chief sustainability officer The Monetary Authority of Singapore (MAS) has appointed Gillian Tan as chief sustainability officer from 17 October 2022, according to an announcement. This position adds… Continue reading People Digest: MAS appoints chief sustainability officer; Crown Digital announces new hires
Three of Australia’s top banks consider bid for payments firm TyroTyro is valued at $508m as of Monday’s close.
Three of Australia’s biggest banks are considering a bid for payment terminals firm Tyro, underscoring the importance of new revenue streams as rising interest rates batter the mortgage market. Australian retail banks are anxious to compete with Block Inc, the payments firm controlled by Twitter founder Jack Dorsey, which has been expanding its point-of-sale offer… Continue reading Three of Australia’s top banks consider bid for payments firm TyroTyro is valued at $508m as of Monday’s close.
BYD expects four-fold jump in quarterly profit as China sales surge past Tesla
BYD Co, China’s biggest electric car maker, said third-quarter net profit likely more than quadrupled as it extends its sales lead over Tesla Inc in the world’s largest auto market. Having ditched gasoline vehicles from its product mix this year, BYD has, more than any other automaker, been able to capitalise on a range of… Continue reading BYD expects four-fold jump in quarterly profit as China sales surge past Tesla
Toshiba’s preferred bidder offers to pay price short of key 6,000 yen a share
The preferred bidder to buy out Toshiba Corp has offered to pay less than the widely regarded threshold of 6,000 yen a share, two sources said, indicating the premium for the Japanese conglomerate may not be as rich as investors had hoped. A consortium led by private equity firm Japan Industrial Partners (JIP) was granted preferred bidder… Continue reading Toshiba’s preferred bidder offers to pay price short of key 6,000 yen a share
EQT takes over HK-based Baring Private Equity Asia
Swedish private equity group EQT has completed the acquisition of Hong Kong-based Baring Private Equity Asia (BPEA) to create what the firm called a global leader in active ownership strategies. The deal was said to be worth €6.8 billion ($6.7 billion) when it was announced in March, making it the biggest takeover of a private… Continue reading EQT takes over HK-based Baring Private Equity Asia
China Digest: imBee raises $5m; Tecon Biology’s arm bags $139m
Hong Kong-based chat management platform imBee has raised $5 million in a Series A round, while Tecon Pharmaceutical, a subsidiary of the Shenzhen-listed Tecon Biology, has secured $139 million to expand its manufacturing capabilities. imBee raises $5m in a Series A round Hong Kong-based chat management platform imBee has raised $5 million in a Series… Continue reading China Digest: imBee raises $5m; Tecon Biology’s arm bags $139m
Vietnam holds lot of promise but investors need to prioritise due diligence rigour
As investors spot big promise in opportunities in Southeast Asia’s fast-growing market Vietnam, they need to pay more attention to thorough due diligence in order to protect their investments, according to experts. “When an investor makes a decision too fast and bypasses the necessary vetting process, it can often lead to adverse consequences,” said Vy… Continue reading Vietnam holds lot of promise but investors need to prioritise due diligence rigour
Thailand’s latest unicorn LINE MAN Wongnai eyes IPO in next few years
Thailand’s freshly minted unicorn, LINE MAN Wongnai, has started working on an initial public offering (IPO) and is looking to list on the Stock Exchange of Thailand in the next few years, chief financial officer In Young Chung told DealStreetAsia in an exclusive interview. The Bangkok-based food delivery app has not filed for an IPO… Continue reading Thailand’s latest unicorn LINE MAN Wongnai eyes IPO in next few years