Fashion retailer V-Mart Retail (V-Mart) has acquired e-commerce platform LimeRoad for about $3.8 million. Separately, BNPL startup Snapmint has raised $21 million in a mix of equity and debt as a part of its Series A round. V-Mart buys e-commerce startup LimeRoad Fashion retailer V-Mart Retail (V-Mart) has acquired e-commerce platform LimeRoad for about $3.8… Continue reading India Digest: V-Mart buys LimeRoad; Snapmint raises $21m
Author: Deal Street Asia Online News
Korean pizza chain GOPIZZA raises $25m to expand in India
Korean pizza brand GOPIZZA said on Monday that it has raised $25 million in a series C funding round co-led by GS Ventures, CJ Investment, Mirae Asset Securities, NCORE Ventures, Woori Bank, Capstone Partners, Big Basin Capital, DS Asset Management, and Pureun Investment. Known for its one-person, oval-shaped, fire-baked pizzas, GOPIZZA will use the capital… Continue reading Korean pizza chain GOPIZZA raises $25m to expand in India
A week after downsizing, India’s BYJU’s raises $250m at a flat valuation
BYJU’s, on Monday, said it has raised $250 million in a fresh funding round, just a week after the company — India’s most valuable edtech firm — laid off 2,500 employees to rein in costs. Without disclosing details, BYJU’s said the new round came from some of its existing investors including the Qatar Investment Authority… Continue reading A week after downsizing, India’s BYJU’s raises $250m at a flat valuation
People Digest: Appointment updates from JPMorgan, Partners Group
JPMorgan Chase & Co and Partners Group have announced new appointment updates in the Asia-Pacific region. JPMorgan appoints payments head JPMorgan Chase & Co. has appointed Madhav Kalyan as head of payments for the Asia Pacific, Bloomberg reported. This appointment is a part of a reshuffle of its senior executives in the region. Kalyan is… Continue reading People Digest: Appointment updates from JPMorgan, Partners Group
Apple freezes plans to use China’s YMTC chips in iPhones: NikkeiThe US co was considering purchasing up to 40% of the chips needed for all iPhones fro…
US tech giant Apple Inc has put on hold plans to use memory chips from China’s Yangtze Memory Technologies Co (YMTC) in its products, after Washington imposed tighter export controls against Chinese technology companies, the Nikkei reported on Monday. Apple had originally planned to start using state-funded YMTC’s NAND flash memory chips as early as this year, Nikkei… Continue reading Apple freezes plans to use China’s YMTC chips in iPhones: NikkeiThe US co was considering purchasing up to 40% of the chips needed for all iPhones fro…
[Updated] Indonesia’s Blibli seeks to raise nearly $530m in domestic IPO
Editor’s Note: This story has been revised to include details from the company’s IPO prospectus, analysts’ quotes, and financial charts. Indonesian e-commerce player PT Global Digital Niaga Tbk, known as Blibli, is targeting to raise 8.17 trillion rupiah (nearly $530 million) in a domestic initial public offering (IPO) at a valuation of as much as… Continue reading [Updated] Indonesia’s Blibli seeks to raise nearly $530m in domestic IPO
SaaS-focused Avataar Venture Partners seeks to raise $350m for second fund
Software-as-a-service and B2B technology-focused Avataar Venture Partners – the backer of unicorns such as Amagi and Zenoti – has launched its second fund with a target corpus of $350 million (about Rs 2,800 crore), according to an announcement. Fund II, which has hit the first close with investments from institutional investors from the US, Europe… Continue reading SaaS-focused Avataar Venture Partners seeks to raise $350m for second fund
Indonesian startups Beleaf and Pocket raise early-stage funding
Indonesia-based farming-as-a-service startup Beleaf and fintech platform Pocket have raised early-stage funding to fuel their expansion plans. Beleaf bags $2m in seed round Farming-as-a-service startup Beleaf has secured $2 million in seed funding led by Alpha JWC Ventures as it seeks to into Indonesia’s $33-billion fruit and vegetable market. The round was joined by BRI… Continue reading Indonesian startups Beleaf and Pocket raise early-stage funding
The LP View: Asia’s secondaries market catching up faster than expectedOpportunities in the region lie in its inhomogeneous nature, says Coller Capita…
Even as Asia currently accounts for only 2% of the global secondaries market, it is expected to fast catch up with other regions, Coller Capital executives said in a recent webinar on the market. North America represents 70% of the global secondary transactions and Europe another 24%, per Coller Capital’s recent market update. Go to… Continue reading The LP View: Asia’s secondaries market catching up faster than expectedOpportunities in the region lie in its inhomogeneous nature, says Coller Capita…
Australia’s APA proposes to buy Basslink for $480m in energy push
Australian natural gas operator APA Group said on Monday it had proposed to buy electricity interconnector Basslink Pty Ltd for A$773 million ($480.3 million) from administrators to expand its energy transmission footprint. Basslink owns a 370 km (229.9 mile) high-voltage direct-current electricity interconnector between the states of Victoria and Tasmania. The company was put into… Continue reading Australia’s APA proposes to buy Basslink for $480m in energy push