Beijing Facishare Technology, a Chinese Software-as-a-Service (SaaS) firm specialising in customer relationship management (CRM) solutions, has raised $75 million to upgrade its product suite and ramp up global expansion plans. Eastern Bell Capital, a Chinese venture capital (VC) firm that manages 27 billion yuan (almost $3.8 billion), led the transaction, with participation from Qiming Venture… Continue reading Chinese CRM solutions provider Facishare raises $75m in strategic financingEastern Bell Capital led the transaction.
Author: Deal Street Asia Online News
India’s Bharti to buy telecom tycoon Patrick Drahi’s stake in BT worth $4bDrahi’s Altice group is struggling with high debt.
India’s Bharti Enterprises said it would acquire a 24.5% stake in BT, worth about 3.2 billion pounds ($4 billion), buying out the British company’s top investor, telecoms tycoon Patrick Drahi, as his Altice group struggles with high debts. Bharti said in a statement on Monday that it had no intention of making an offer to… Continue reading India’s Bharti to buy telecom tycoon Patrick Drahi’s stake in BT worth $4bDrahi’s Altice group is struggling with high debt.
Indian wealth management platform Neo raises $48m led by MUFG, Euclidean CapitalNeo raised $35 million in October led by Peak XV Partners.
Neo Group, India’s wealth management firm for HNIs (high net-worth individuals), UHNIS (ultra HNIs) and multi-family offices, has raised Rs 400 crore ($47.8 million) in its latest funding round led by Japan’s MUFG Bank and New York-based Euclidean Capital. Founded in 2021 by Nitin Jain, the ex-CEO of Edelweiss Wealth and Asset Management, Neo raised… Continue reading Indian wealth management platform Neo raises $48m led by MUFG, Euclidean CapitalNeo raised $35 million in October led by Peak XV Partners.
Advent International invests in China’s Seek Pet FoodAdvent will work with Seek founder Fang Yuan and shareholder Boyu Capital to boost firm’s growth.
US private equity fund Advent International has invested an undisclosed amount in Chinese pet food manufacturer Seek Pet Food, according to an announcement. The investment comes when China’s pet food market reached approximately $9.6 billion last year as the country’s pet population continues to grow, according to data cited by Advent International managing director David… Continue reading Advent International invests in China’s Seek Pet FoodAdvent will work with Seek founder Fang Yuan and shareholder Boyu Capital to boost firm’s growth.
Indian micro VC firm Eximius Ventures gears up to launch second fundThe firm closed its maiden fund at $10 million in 2021.
Eximius Ventures, a pre-seed stage venture capital firm, is planning to double the size of its second fund which is likely to be launched in the fourth quarter of this year, as investors look to cash in on India’s long-term growth potential amid global uncertainties. Go to Source
Chinese robotaxi firm WeRide eyes US IPO at up to $5b valuationWeRide is aiming to raise $119.4m in the IPO.
China-based autonomous driving startup WeRide said on Friday it was seeking a valuation of as much as $5.02 billion in its initial public offering in the United States. The IPO announcement comes at a time when the Biden administration is expected to propose barring Chinese software in autonomous vehicles in the United States in the coming weeks.… Continue reading Chinese robotaxi firm WeRide eyes US IPO at up to $5b valuationWeRide is aiming to raise $119.4m in the IPO.
SG medtech firm Aevice Health raises $5.5m in seed extension fundingCoronet Ventures led the round.
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India’s Ola Electric surges 20% on debut on EV optimismOla Electric’s $734m IPO, drew about $1.8b in bids.
Ola Electric Mobility’s shares surged 20% on their Mumbai trading debut on Friday, valuing the company at $4.8 billion, as investors bet on increasing adoption of electric models in the world’s largest market for two-wheelers. The stock had listed flat to its initial public offering (IPO) price of 76 rupees before rising to 91.20 rupees… Continue reading India’s Ola Electric surges 20% on debut on EV optimismOla Electric’s $734m IPO, drew about $1.8b in bids.
Baby products retailer FirstCry’s $501m IPO receives bids worth $3.4bFirstCry received bids for 606.4 million shares, about 12 times that on offer.
Indian baby products retailer FirstCry‘s $501 million IPO overcame a sluggish start to garner bids worth $3.36 billion at close of the share sale on Thursday, as investors bet on growth for baby and child products in the world’s most populous country. FirstCry, backed by Japan’s SoftBank, TPG and India’s Mahindra & Mahindra, received bids for… Continue reading Baby products retailer FirstCry’s $501m IPO receives bids worth $3.4bFirstCry received bids for 606.4 million shares, about 12 times that on offer.
Payoneer’s $61m Skuad acquisition provides exit to BEENEXT, ArgorThe deal consideration includes $61m in cash and up to another $20m in contingencies.
Nasdaq-listed financial technology company Payoneer has acquired 100% of Singapore-based workforce and payroll management company Skuad, according to an announcement. Payoneer, which provides cross-border payment services to small and medium-sized companies, plans to integrate Skuad’s payroll and contract management offerings into its suite of services. The deal includes a cash consideration of $61 million and… Continue reading Payoneer’s $61m Skuad acquisition provides exit to BEENEXT, ArgorThe deal consideration includes $61m in cash and up to another $20m in contingencies.