Chinese home appliance maker Midea Group plans to launch a share offering in Hong Kong to raise at least $3 billion as early as Monday, said two sources, in the city’s largest deal in more than a year. Midea is listed in Shenzhen and the discount offered to investors to buy its Hong Kong shares… Continue reading China’s Midea Group to launch at least $3b share offering in HKIt will be the city’s largest deal in more than a year.
Author: Deal Street Asia Online News
Warburg Pincus closes first Capital Solutions Fund at $4b—double of initial targetThe Capital Solutions Funds are responsible for the firm’s structure…
Warburg Pincus has announced the close of its Capital Solutions Founders Fund (WPCS FF), with commitments of over $4 billion, significantly exceeding its initial target of $2 billion. WPCS FF was launched in 2023 and follows the success of the firm’s global flagship, Warburg Pincus Global Growth 14, which closed at $17.3 billion, also exceeding… Continue reading Warburg Pincus closes first Capital Solutions Fund at $4b—double of initial targetThe Capital Solutions Funds are responsible for the firm’s structure…
India Digest: RecommerceX, Marudhar Rocks raise fundsMarudhar Rocks raised $18m from Bharat Value Fund.
Building Materials Company Marudhar Rocks International has raised Rs 150 crore ($18 million) from Bharat Value Fund (BVF) through a private placement round. Separately, RecommerceX, a chemical recycling and sustainability startup, has raised $3.6 million. Marudhar Rocks raises $18m from Bharat Value Fund Building materials company Marudhar Rocks International has raised Rs 150 crore ($18… Continue reading India Digest: RecommerceX, Marudhar Rocks raise fundsMarudhar Rocks raised $18m from Bharat Value Fund.
Rapido is India’s fourth unicorn of 2024 after raising $200m led by WestBridgeNexus, Think Investments and Invus Opportunities also participated.
Ride-hailing platform Rapido on Thursday said it has raised about $200 million in a Series E round of funding led by WestBridge Capital, at a valuation of $1.1 billion, effectively catapulting into India’s unicorn club. The round also saw participation from existing investor Nexus along with new investors Think Investments and Invus Opportunities. The announcement… Continue reading Rapido is India’s fourth unicorn of 2024 after raising $200m led by WestBridgeNexus, Think Investments and Invus Opportunities also participated.
Asia Digest: Nvidia backs Sakana AI; Stephenson Harwood starts legal support for VCsNew Enterprise Associates, Khosla Ventures, and Lux Capital also b…
Tokyo-based AI startup Sakana AI has raised $100 million in a Series A round backed by US chipmaker Nvidia, while Stephenson Harwood has launched a programme to provide legal support to investors and early-stage tech companies. Nvidia backs Tokyo-based Sakana AI’s $100m Series A Tokyo-based Sakana AI has announced raising $100 million in its Series… Continue reading Asia Digest: Nvidia backs Sakana AI; Stephenson Harwood starts legal support for VCsNew Enterprise Associates, Khosla Ventures, and Lux Capital also b…
Taiwanese insurers commit $216m in total to six fundsTaiwan Life has committed $20 million to Carlyle Asia Partners VI.
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Bursa Malaysia wants to loosen local institutions’ hold on stocks to attract foreign investorsPension and sovereign wealth funds are sitting on huge b…
Malaysia‘s stock exchange is looking to loosen the grip of large domestic investors on the market to encourage more trading and attract foreign investors to the best performing bourse in Southeast Asia. Kuala Lumpur’s $262 billion benchmark index of 30 of the largest companies has risen 15% in 2024 and is set for its strongest yearly performance in… Continue reading Bursa Malaysia wants to loosen local institutions’ hold on stocks to attract foreign investorsPension and sovereign wealth funds are sitting on huge b…
SEA Digest: Malaysia’s Bateriku.com raises funds; SCI Ecommerce explores IPO in SGBateriku.com raised the funds from KWAP, Gobi Partners and others
Malaysian roadside assistance solutions provider Bateriku.com has closed $7.4 million in a Series B round, while Singapore-based cross-border e-commerce enabler SCI Ecommerce is said to be exploring an IPO in Singapore as soon as mid-2025. Malaysia’s Bateriku.com bags $7.4m Malaysian roadside assistance solutions provider Bateriku.com has closed $7.4 million in its Series B round. The… Continue reading SEA Digest: Malaysia’s Bateriku.com raises funds; SCI Ecommerce explores IPO in SGBateriku.com raised the funds from KWAP, Gobi Partners and others
India Digest: Blacksoil, Caspian Debt to merge; Centre for Sight inks pact; Pharmeasy investor cuts valuationInvestor Janus Henderson has estimated th…
BlackSoil Capital and Caspian Impact Investments (Debt) have signed an agreement to merge while Centre for Sight has inked a partnership with Laxmi Eye Hospital. Separately, PharmEasy’s investor Janus Henderson has slashed the valuation of the online pharmacy. NBFCs Blacksoil and Caspian Debt to merge Indian Non-Banking Financial Companies (NBFCs) – BlackSoil Capital and Caspian… Continue reading India Digest: Blacksoil, Caspian Debt to merge; Centre for Sight inks pact; Pharmeasy investor cuts valuationInvestor Janus Henderson has estimated th…
GoTo to retire Vietnamese operations as part of focused growth strategyGoTo’s presence is now limited to home country Indonesia and Singapore.
Indonesia-listed tech giant PT GoTo Gojek Tokopedia Tbk (GoTo) has decided to terminate its Vietnamese operations from Sep 16, 2024, according to an announcement on Wednesday. The move is part of the company’s plan to focus on areas and geographies with higher sustainable growth potential, which will ultimately help GoTo meet its 2024 adjusted EBITDA… Continue reading GoTo to retire Vietnamese operations as part of focused growth strategyGoTo’s presence is now limited to home country Indonesia and Singapore.