Author: Deal Street Asia Online News

China’s $47b third semiconductor ‘Big Fund’ kickstarts investmentsThe state vehicle has backed two new funds.

China’s third state-backed 344-billion-yuan ($47.5 billion) investment fund, which is aimed at propelling the country’s self-sufficiency in chipmaking, has started investments by backing two new funds amid an intensifying crackdown from the US.  The third fund, also known as Big Fund III, has teamed up with SINO-IC Capital — which is the sole fund manager… Continue reading China’s $47b third semiconductor ‘Big Fund’ kickstarts investmentsThe state vehicle has backed two new funds.

AdvantEdge founders co-lead funding in Moonrider and other India dealsThe funds will be used for building capabilities in vehicle engineering, softwar…

Moonrider, an electric tractor technology company, Monday said that it has raised a seed round of $2.2 million (Rs 19 crores) co-led by AdvantEdge founders and Micelio Technology Fund, in addition to a clutch of angel investors. The funds raised will be directed towards fostering innovation and building capabilities in vehicle engineering, vehicle software and… Continue reading AdvantEdge founders co-lead funding in Moonrider and other India dealsThe funds will be used for building capabilities in vehicle engineering, softwar…

Temasek said to have emerged as frontrunner to pick stake in India’s Haldiram: ReportAccording to the report, a term sheet has been signed between Tem…

Singapore sovereign wealth fund Temasek has emerged as the frontrunner to pick up a minority stake in India’s biggest snack maker, Haldiram Snacks, Moneycontrol reported on Tuesday, citing industry sources. Other suitors in the final lap of the proposed transaction include Blackstone and Alpha Wave Global. According to the report, a term sheet has been… Continue reading Temasek said to have emerged as frontrunner to pick stake in India’s Haldiram: ReportAccording to the report, a term sheet has been signed between Tem…

KKR said to be weighing sale of Japan’s Seiyu supermarketKKR owns 85% of Seiyu and Walmart the remaining 15%.

U.S. private equity fund KKR is considering selling supermarket chain Seiyu in a deal that could worth several hundred billion yen (several billion dollars), the Nikkei business daily reported on Tuesday. The bidding process for the sale of shares has begun, and major retailers including Aeon, Don Quijote owner Pan Pacific International Holdings and Trial… Continue reading KKR said to be weighing sale of Japan’s Seiyu supermarketKKR owns 85% of Seiyu and Walmart the remaining 15%.

India Digest: Oben Electric, EMO Energy bag funding; Petronas arm eyes $400mEMO’s round was led by Subhkam Ventures with participation from existing i…

Oben Electric and EMO Energy have raised Series A rounds, while Gentari India is reportedly looking to raise $300-400 million to set up solar and wind power assets. Oben Electric raises $5.8m Bengaluru-based electric vehicle startup Oben Electric on Tuesday said it has raised Rs 50 crore ($5.8 million) in its Series A funding round.… Continue reading India Digest: Oben Electric, EMO Energy bag funding; Petronas arm eyes $400mEMO’s round was led by Subhkam Ventures with participation from existing i…

Walmart-backed India’s Flipkart founder mulls Ola stake sale: ReportBansal recently sold a significant part of his holding in Ather Energy to Zerodha …

Sachin Bansal, the founder of Walmart-controlled Indian online retailer Flipkart, is reportedly in talks with investors to sell his stake in ride-hailing firm Ola. Bansal invested $100 million in Bhavish Aggarwal’s Ola in 2019 and has sought a premium to sell his stake by valuing the company at around $4 billion, The Economic Times reported… Continue reading Walmart-backed India’s Flipkart founder mulls Ola stake sale: ReportBansal recently sold a significant part of his holding in Ather Energy to Zerodha …

Indonesia’s Soul Parking raises Series A+ funding led by AppWorks, AC VenturesThe round also saw participation from Taiwan Mobile, USPACE, and Wavemak…

Soul Parking, Indonesia’s leading parking management service provider, has raised a Series A extension round co-led by AppWorks and AC Ventures, according to the company’s statement on Monday. While the financial terms were not disclosed, the round also saw participation from Taiwan Mobile; USPACE; and Wavemaker Ventures, the early-stage fund of Wavemaker Partners. AC Ventures… Continue reading Indonesia’s Soul Parking raises Series A+ funding led by AppWorks, AC VenturesThe round also saw participation from Taiwan Mobile, USPACE, and Wavemak…