DCP Capital, a private equity (PE) firm that has backed some of China’s biggest companies, including Ping An Insurance and Mengniu Dairy, has reportedly held the first closing of its second China fund at $2.5 billion. With a total fundraising target of $3 billion, DCP Capital Partners II reached the first closing with capital commitments… Continue reading DCP said to have held first close of second China fund at $2.5b
Author: Deal Street Asia Online News
Coinbase may invest in Thailand’s Zipmex after takeover talks fall through …
Coinbase Global Inc has reportedly signed an agreement to invest in Thai crypto trading platform Zipmex, after takeover talks did not come through, per a report on The Block. The report cited sources saying the US-based crypto exchange had intended to acquire Zipmex, but finally ended up with a strategic investment, for which a term… Continue reading Coinbase may invest in Thailand’s Zipmex after takeover talks fall through …
SEA Digest: Orderly Network raises $20m; Metrodata forms JV with CacaFly
Decentralised exchange protocol Orderly Network has raised new funding while Indonesian tech firm Metrodata has formed a new JV with Taiwanese tech firm CacaFly. Orderly Network completes $20m financing round Orderly Network, a permissionless decentralised exchange protocol built on NEAR, raised $20 million in a strategic financing round from various investors, including Three Arrows Capital,… Continue reading SEA Digest: Orderly Network raises $20m; Metrodata forms JV with CacaFly
India Digest: ADIA to buy 20% in IIFL Finance; RIL-Apollo in race to buy Boots pharma
Abu Dhabi Investment Authority (ADIA) has agreed to invest $283 million in non-banking financial company IIFL Finance Limited. In another development, a consortium of Reliance Industries Ltd (RIL) and buyout firm Apollo Global Management Inc has joined the race to acquire Walgreens Boots Alliance Inc’s Boots pharmacy unit in the UK. ADIA to invest $283m… Continue reading India Digest: ADIA to buy 20% in IIFL Finance; RIL-Apollo in race to buy Boots pharma
Weekly roundup: Indonesian startup Biteship gets seed funding and other SE Asia deals
Biteship, an Indonesian e-commerce logistics solution startup, on Friday announced an undisclosed amount of seed funding co-led by East Ventures and Beenext in a bid to increase its headcount and improve technology capabilities. Founded by Mirsa Sadikin and Afra Sausan to help small businesses in the country, Biteship addresses the gap between shipping and warehouse providers… Continue reading Weekly roundup: Indonesian startup Biteship gets seed funding and other SE Asia deals
Dutch development bank FMO to invest $15m in Sahyadri Farms
Dutch development bank FMO will invest about $15 million in India-based Sahyadri Farms Post Harvest Care Ltd (SFPHCL), as part of a funding round led by Belgium-based Incofin, according to a disclosure seen by DealStreetAsia. The company will use the funds to expand capacity in its Nashik processing plant, finance a biomass plant and additional… Continue reading Dutch development bank FMO to invest $15m in Sahyadri Farms
Mid-market fund managers eye the jackpot in Vietnam, but it won’t be a cakewalk
Over the past few years, Vietnam has turned into a hot destination for mid-market fund managers looking to strike gold. Several international general partners (GPs) have set their sights on one of Southeast Asia’s fastest-growing economies, launching dedicated funds for the country. However, not everyone has had a soft landing. Most recently, BDA Capital Partners,… Continue reading Mid-market fund managers eye the jackpot in Vietnam, but it won’t be a cakewalk
There could be a correction in company valuations in India: True North
As macroeconomic headwinds threaten to derail the deal-making momentum in the short-to-medium term in India, there could be a correction in company valuations going forward. “The global economy is under pressure from geopolitics and macroeconomic policies-led inflation and consequent corrective actions in the form of increasing interest rates,” Satish Chander, partner at True North, one… Continue reading There could be a correction in company valuations in India: True North
Chip shortage fans interest in semiconductor equipment firm’s $540m IPO
Semiconductor equipment manufacturer Hwatsing Technology Co. Ltd. booked a blistering Shanghai STAR Market IPO debut on Wednesday amid a Covid-induced global shortage of microchips. The Tianjin-based firm’s shares surged 72% in early trading but gave back some of those gains over the course of the day to close up 64% at 224.1 yuan ($33.5), valuing Hwatsing… Continue reading Chip shortage fans interest in semiconductor equipment firm’s $540m IPO
India Digest: Way2News and Pepper Content snag funding …
Pepper Content, a content marketplace, and vernacular hyperlocal short news app Way2News have raised fresh funding. Way2News raises Series A funding Vernacular hyperlocal short news app Way2News Pvt. Ltd on Thursday said it has raised $16.75 million in its Series A funding round from WestBridge Capital and venture capitalist Sashi Reddi. Way2News will use the… Continue reading India Digest: Way2News and Pepper Content snag funding …