Indonesia‘s state-owned communication giant Telkom Indonesia has appointed Goldman Sachs and Mandiri Sekuritas to help it find a strategic investor for its data centre business, according to a senior company official. Goldman Sachs is the global financial advisor for the project and Mandiri Sekuritas is the lead advisor, Telkom‘s Senior Vice President of Corporate Communication and Investor Relation Ahmad… Continue reading Telkom Indonesia taps Goldman, Mandiri to rope in investors for data centre businessGoldman is the global financial advisor and Mandiri Sekuritas is t…
Author: Deal Street Asia Online News
Chinese state enterprise launches megaconstellation to rival Starlink: reportThe launch took place at Taiyuan Satellite Launch Centre.
A Chinese state-owned enterprise on Monday launched the first batch of satellites for a megaconstellation designed to rival US company Space X’s Starlink’s near-global internet network, a state-backed newspaper reported. The launch marks an important step in Beijing’s strategic goal of creating its own version of Starlink, a growing commercial broadband constellation that has about 5,500 satellites in space and is… Continue reading Chinese state enterprise launches megaconstellation to rival Starlink: reportThe launch took place at Taiyuan Satellite Launch Centre.
Saudi wealth fund PIF pumps another $1.5b into EV maker LucidThe EV maker is sufficiently funded till Q4 2025.
Lucid Group said on Monday its largest shareholder, Saudi Arabia’s Public Investment Fund, will inject up to $1.5 billion in cash, as the electric vehicle maker looks to ramp up production of a new SUV. The EV maker’s shares jumped about 6% in extended trading after closing down 3.9% in the regular session. The deal comes just… Continue reading Saudi wealth fund PIF pumps another $1.5b into EV maker LucidThe EV maker is sufficiently funded till Q4 2025.
9Basil Group hits final close of second private equity fundThe firm aims to invest more in its funds alongside investors to build a larger permanent c…
9Basil Group, a value-focused alternative investment firm, has completed the final close of its second private equity fund, the company said on Monday. Financial details of the corpus raised for the second fund remain undisclosed. After distributing over $35.3 million this year, the firm’s assets under management have grown to over $300 million. Investors include… Continue reading 9Basil Group hits final close of second private equity fundThe firm aims to invest more in its funds alongside investors to build a larger permanent c…
Macquarie nears final close of $730m Korean infrastructure fundThe vehicle reportedly hit its first close at 200 billion won ($147 million) in July la…
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Macquarie to buy South Korea data centre for $537mGlobal tech giants Google, Amazon and Meta have built data centres in South Korea.
Macquarie will buy a data centre in South Korea for 734 billion won ($537 million) as the artificial intelligence boom drives demand for cloud computing and data warehouses in the country. Macquarie Korea Infrastructure Fund, through its special purpose firm Green Digital Infra, updated the market about the deal, adding that the investment could go up… Continue reading Macquarie to buy South Korea data centre for $537mGlobal tech giants Google, Amazon and Meta have built data centres in South Korea.
Indian e-scooter maker Ola Electric’s $734m IPO fully subscribed on Day 2Ola will use the proceeds to invest in its in-house cell manufacturing.
Ola Electric‘s $734 million initial public offering (IPO) was fully subscribed on the second day of bidding, reaching the target amid a sharp sell-off in global equity markets. The SoftBank-backed company’s IPO, the first by an electric vehicle maker in India and also the country’s biggest this year, has received bids worth about $447 million, 1.06 times the… Continue reading Indian e-scooter maker Ola Electric’s $734m IPO fully subscribed on Day 2Ola will use the proceeds to invest in its in-house cell manufacturing.
Chineses reusable rocket developer Deep Blue pockets almost $140m in Series BThe investment comes shortly after the firm sealed its Series B and Serie…
Beijing Deep Blue Space Aerospace Technology, also known as Shenlan Space, has pocketed 1 billion yuan ($139.7 million) in a Series B2 round led by a state-owned investment holding group affiliated with the Wuxi National Hi-Tech District. The proceeds will help accelerate Deep Blue’s R&D and manufacturing scale, as the firm seeks commercialisation of its… Continue reading Chineses reusable rocket developer Deep Blue pockets almost $140m in Series BThe investment comes shortly after the firm sealed its Series B and Serie…
India’s Pantomath bags $119m commitments for Fund II to back pre-IPO firmsBVF aims to capitalise on pre-IPO investment opportunities in Indian growth-…
India Inflection Opportunity Trust (IIOT), managed by Pantomath Capital Management, on Monday said it has raised Rs 1,000 crore ($119 million) for its second fund Bharat Value Fund (BVF) of Rs 2,000 crore to back pre-IPO companies in India. The firm said that the Rs 2,000 crore includes a greenshoe option of Rs 1,000 crore… Continue reading India’s Pantomath bags $119m commitments for Fund II to back pre-IPO firmsBVF aims to capitalise on pre-IPO investment opportunities in Indian growth-…
Mokobara, The Whole Truth Foods-backer Sauce.VC closes third fund at $44mSauce.VC launched its first fund in 2019 with a target corpus of Rs 60 crore.
Consumer-focused early-stage venture capital firm Sauce.VC, which has backed the likes of Mokobara and The Whole Truth, has closed its third pre-seed fund at Rs 365 crore ($44 million). The final close comes months after Sauce.VC floated the fund, with a target corpus of Rs 250 crore. The fund said 95% of the LPs are… Continue reading Mokobara, The Whole Truth Foods-backer Sauce.VC closes third fund at $44mSauce.VC launched its first fund in 2019 with a target corpus of Rs 60 crore.