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Author: Deal Street Asia Online News
SE Asian investors stay cautiously optimistic even as protests boil over in BangladeshForeign investors accounted for 73% of the capital raised by Ban…
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Singapore to merge EDBI, SEEDS Capital to form SG Growth CapitalThe merger will take place on April 1, 2025.
Singapore will merge two state-backed investment agencies, EDBI and SEEDS Capital, to form a new entity next year, according to an announcement on Friday. EDBI, the investment arm of Singapore’s Economic Development Board (EDB), and SEEDS Capital, an early-stage investments-focused company, will merge to form SG Growth Capital on April 1, 2025. A joint release… Continue reading Singapore to merge EDBI, SEEDS Capital to form SG Growth CapitalThe merger will take place on April 1, 2025.
India’s oldest internet firm Rediff to be sold to Infibeam Avenues for $3mWith the deal, Infibeam plans to diversify its portfolio of offerings.
Infibeam Avenues, the parent of payment gateway CCAvenue, on Friday, said it will buy a 54% stake in Rediff.com, one of India’s oldest internet businesses, for Rs 25 crore ($2.9 million). The acquisition marks the beginning of Infibeam Avenues’ consumer-facing digital financial service as an aggregator backed by mainstream news, cloud-based enterprise email storage, and… Continue reading India’s oldest internet firm Rediff to be sold to Infibeam Avenues for $3mWith the deal, Infibeam plans to diversify its portfolio of offerings.
Asia-focused SPAC AA Mission Acquisition raises $300m in New York IPOThe blank cheque firm may acquire an F&B business.
AA Mission Acquisition, a blank cheque company focused on Asian businesses, announced raising $300 million in its initial public offering in the US. The special purpose acquisition company (SPAC) offered 30 million units at $10 apiece in the IPO, each consisting of one share of common stock and one-half of a warrant. The units are… Continue reading Asia-focused SPAC AA Mission Acquisition raises $300m in New York IPOThe blank cheque firm may acquire an F&B business.
Chinese deep tech VCs seek to tap niches in Generative AI despite funding slowdownAI infra has emerged as a red-hot area among local investors.
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Blast-off for Indian spacetech, but growth-stage funding remains groundedStartups in the sector garnered $126m in funding last year.
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Ola Electric’s IPO attracts $2b worth of bids from institutional investors: reportNomura and Norges Bank were allocated around $24m each, Reuters repo…
Ola Electric‘s IPO drew bids worth over $2 billion from institutions ahead of its opening for retail investors, with shares allocated to Nomura, Norges Bank and some Indian mutual funds, a source with direct knowledge said. Indian Electric scooter maker Ola, backed by SoftBank, plans to raise $734 million in the country’s biggest IPO this year. The quota for… Continue reading Ola Electric’s IPO attracts $2b worth of bids from institutional investors: reportNomura and Norges Bank were allocated around $24m each, Reuters repo…
India’s Clix Capital raises $26m from existing investorsThe company also plans to utilise the funds to expand to new geographies.
Indian MSME-focused non-banking finance company Clix Capital has raised Rs 220 crore ($26.3 million) in a funding round led by existing investors Apollo Global Management, Pramod Bhasin, and Anil Chawla, the firm said on Thursday. With this equity raise, Clix Capital expects to cross Rs 10,000 crore in assets under management (AUM) in the next… Continue reading India’s Clix Capital raises $26m from existing investorsThe company also plans to utilise the funds to expand to new geographies.
FirstCry looks to raise up to $501m from India IPO at $2.9b valuationSoftBank, TPG, M&M will sell a combined stake worth $302m.
BrainBees Solutions, the parent of Indian retailer FirstCry, is seeking to raise up to $501 million in an initial public offering, valuing the company as much as $2.9 billion, according to a term sheet seen by Reuters. The firm is offering fresh shares worth $199 million, while existing investors, including SoftBank, TPG and India’s Mahindra and Mahindra, will… Continue reading FirstCry looks to raise up to $501m from India IPO at $2.9b valuationSoftBank, TPG, M&M will sell a combined stake worth $302m.