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
Author: Deal Street Asia Online News
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
Indonesia’s Social Bella bags $60m led by Temasek and L Catterton
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
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