Indonesia-listed PT Bank Sinarmas Tbk has decided not to go ahead with its previously announced plans to invest $25 million in the local digital wallet Espay Debit Indonesia Koe — popularly called DANA — according to IDX filings by the bank, reviewed by DealStreetAsia. Bank Sinarmas did not cite any reason for scrapping its proposed… Continue reading Bank Sinarmas scraps plan to invest $25m in Indonesian digital wallet DANA
Author: Deal Street Asia Online News
India Digest: Infra.Market raises $50m; Chaayos bags $45m Series C round
Business-to-business (B2B) construction material startup Infra.Market has raised $50 million in growth capital. Separately, tea café chain Chaayos has raised about $45 million in a funding round led by Alpha Wave Ventures. Infra.Market raises $50m Business-to-business (B2B) construction material startup Infra.Market has raised $50 million in growth capital from Liquidity Group’s Mars Unicorn Fund, it… Continue reading India Digest: Infra.Market raises $50m; Chaayos bags $45m Series C round
Partners Group sees more, larger SaaS opportunities amid correction in tech valuations …
Swiss private markets firm Partners Group expects more investment opportunities to emerge from the correction in tech valuations. The firm has turned to private equity investments in the software-as-a-service (SaaS) sector as a top priority for growth tech investments in Asia. And, it is likely to make more investments in later venture stages, such as… Continue reading Partners Group sees more, larger SaaS opportunities amid correction in tech valuations …
Sequoia Capital raises $850m for Southeast Asia-dedicated fund
Sequoia Capital, one of the world’s top venture capital firms, announced that it has raised $850 million for its first Southeast Asia-dedicated fund. The fund, Sequoia SEA Fund I, will double down the firm’s focus on the region, investing actively at the seed, Series A, and growth stages in various companies, according to the announcement.… Continue reading Sequoia Capital raises $850m for Southeast Asia-dedicated fund
Bitcoin dives after US crypto lender Celsius Network freezes withdrawals …
Bitcoin tumbled on Monday after major US cryptocurrency lending company Celsius Network froze withdrawals and transfers citing “extreme” conditions, in the latest sign of the financial market downturn hitting the cryptosphere. The Celsius move triggered a slide across cryptocurrencies, with their value dropping below $1 trillion on Monday for the first time since January 2021,… Continue reading Bitcoin dives after US crypto lender Celsius Network freezes withdrawals …
Tencent quietly building up stakes in Indian startups despite FDI curbs on Chinese money
Chinese internet giant Tencent Holdings has been quietly moving ahead with its investments in India despite New Delhi’s restrictions on the inflow of capital from neighbouring countries. Tencent’s over $250-million investment in Walmart-backed e-commerce behemoth Flipkart is the latest in a string of deals it clocked in India last year, after the Indian government tweaked… Continue reading Tencent quietly building up stakes in Indian startups despite FDI curbs on Chinese money
Geely founder’s venture buys 79% stake in Chinese smartphone maker Meizu
A venture run by the founder of Chinese automaker Zhejiang Geely Holding plans to acquire a 79% stake in Chinese smartphone maker Meizu, a statement published by China’s anti-monopoly regulator showed on Monday. The State Administration of Market Regulation said that Hubei Xingji Shidai Technology Co Ltd had agreed to purchase the stake from two of Meizu’s… Continue reading Geely founder’s venture buys 79% stake in Chinese smartphone maker Meizu
SG blockchain platform Nansen buys Ape Board in $20m cash-and-stock deal …
Singapore-based blockchain analytics platform Nansen’s acquisition of Thai multi-chain portfolio tracker Ape Board in May was a $20 million cash-and-stock deal, show regulatory filings. Nansen will pay $4 million in cash to Ape Board shareholders and issue them stock worth another $16 million over two years, according to its filings with Singapore’s Accounting and Corporate… Continue reading SG blockchain platform Nansen buys Ape Board in $20m cash-and-stock deal …
Chiratae, Omidyar co-lead $8m funding in QueueBuster and India deals worth $278m
Noida-based Queuebuster, a mobile point of sale application, has raised about $8.16 million (Rs 63.3 crore) in its Series A funding round led by Chiratae Ventures, Omidyar Network India, and Flourish Ventures. DMI Alternative Investment Fund and Unaprime Investment Advisors also joined the round, said QueueBuster in a statement. Go to Source
Asia Digest: Keppel Infra inks MoU with Jinko Power; Eke Panuku, NZ Super Fund in pact
Keppel Infrastructure Fund Management has signed an MoU with Jinko Power (HK) Company Limited while New Zealand Superannuation Fund (NZ Super Fund) and Eke Panuku Development Auckland have formed an investment partnership. Keppel Infra signs MoU with Jinko Power Keppel Infrastructure Fund Management Pte Ltd (KIFM), as trustee-manager of Keppel Infrastructure Trust (KIT), has signed… Continue reading Asia Digest: Keppel Infra inks MoU with Jinko Power; Eke Panuku, NZ Super Fund in pact