Author: Deal Street Asia Online News

SG payments startup HitPay confirms $15.8m Tiger Global-led Series A

HitPay, an online payments startup for SMEs in Singapore, announced that it has raised $15.75 million in a Series A funding round, confirming DealStreetAsia’s report published in May. The funding round was led by Tiger Global, with participation from returning investors Global Founders Capital and HOF Capital, according to the announcement. DealStreetAsia first reported about… Continue reading SG payments startup HitPay confirms $15.8m Tiger Global-led Series A

India lines up banks for e-commerce effort to take on Amazon, Walmart

India‘s effort to break Amazon Inc and Walmart Inc’s dominance of its e-commerce sector, by establishing its own open network, has begun lining up banks and other key players needed to move it forward, sources familiar with the matter said. Some of India‘s biggest banks are in discussions about setting up “buyer platforms” to let their… Continue reading India lines up banks for e-commerce effort to take on Amazon, Walmart

GGV, Softbank lead $66m round of US blockchain provider InfStones …

Global venture capital firm GGV Capital and SoftBank Vision Fund 2 have led a $66 million funding round in the US-based blockchain infrastructure provider InfStones, the company said in a statement on Wednesday. The company is nearing unicorn status following the latest financing round, the statement added without specifying the current valuation. Go to Source

Indian customer engagement platform MoEngage raises $77m

MoEngage, a Bengaluru-based customer analytics and cross-channel engagement platform, has announced raising $77 million in a Series E funding round co-anchored by Goldman Sachs and venture capital firm B Capital. The funding round, which is the third fundraising for MoEngage in the last 12 months, was also participated by existing investors Steadview Capital, Multiples Alternate… Continue reading Indian customer engagement platform MoEngage raises $77m

Binance’s VC arm mops up $500m fund to invest in Web3, blockchain

Binance Labs, the venture capital arm of cryptocurrency exchange Binance, said on Wednesday it had raised $500 million for its investment fund focused on companies involved in the blockchain and Web3 spaces. The fund is supported by investment firms DST Global Partners, Breyer Capital and Whampoa Group as well as by other private equity firms… Continue reading Binance’s VC arm mops up $500m fund to invest in Web3, blockchain

Chinese industrial software maker UniVista raises $164m series pre-A funding …

Shanghai UniVista Industrial Software Group announced on Wednesday that it has raked in over 1.1 billion yuan ($164.3 million) in a series pre-A round as the startup looks to upgrade its industrial software and design solutions to better serve semiconductor companies. The new round saw participation from investors including IDG Capital, CAS Investment Management, China… Continue reading Chinese industrial software maker UniVista raises $164m series pre-A funding …

Warburg Pincus leads $250m investment into Vietnamese developer Novaland

A Warburg Pincus-led consortium has completed a $250-million investment in No Va Land Investment Group JSC (Novaland), a key member of NovaGroup, one of the leading developers in Vietnam, according to an announcement. The move is consistent with Warburg Pincus’s approach of backing best-in-class local partners in the market and marks the beginning of a… Continue reading Warburg Pincus leads $250m investment into Vietnamese developer Novaland

China’s Yingke PE secures final close of RMB fund at $150m …

Yingke PE has raised 1 billion yuan ($150 million) for a new RMB-denominated fund in a sign that fundraising by blue-chip investment companies in China is largely immune to pandemic-induced city lockdowns and business suspensions. The Shanghai-based firm announced the closing of the RMB fund on Monday, right before authorities in the city ended a… Continue reading China’s Yingke PE secures final close of RMB fund at $150m …

HSBC to invest $448m in China ops, sees opportunities amid challenges

HSBC Holdings plans to invest more than 3 billion yuan ($448 million) in its China operations, Chief Executive Noel Quinn told state news agency Xinhua, saying he sees challenges for the economy but also opportunities for investment. Quinn said the investment would be carried out over a five-year period running until 2025 without specifying the divisions that would receive the cash. While… Continue reading HSBC to invest $448m in China ops, sees opportunities amid challenges