A raft of recent layoffs at Indian startups has done nothing to dent their popularity in the job market. People are still keen on working for startups, albeit with an eye on their business sustainability, according to employees, employers and industry experts interviewed by DealStreetAsia. Over the last month alone, many contractual and full-time employees… Continue reading Employees keep the faith in Indian startups despite layoffs, but more cautious now
Author: Deal Street Asia Online News
Carlyle buys Shanghai-based cosmetic packaging firm HCP …
Carlyle Group has bought HCP Packaging, a global cosmetic packaging company from Barings Private Equity Asia, the companies said in a statement on Thursday. HCP is headquartered in Shanghai and has 10 production and manufacturing facilities around the world and more than 250 clients, the statement said. Its customers include Estee Lauder, L’Oreal and Shiseido,… Continue reading Carlyle buys Shanghai-based cosmetic packaging firm HCP …
China’s Alibaba beats revenue estimates as lockdowns spur online demand
Alibaba Group Holding Ltd on Thursday beat expectations for fourth-quarter revenue, as growing demand for some of its niche online shopping services in China offset weakness at its main marketplaces caused by the country’s COVID-19 lockdowns. U.S.-listed Alibaba shares, which have lost roughly a third of their value so far this year, were up about… Continue reading China’s Alibaba beats revenue estimates as lockdowns spur online demand
Chinese tech firms forced into ‘blood listings’ as capital dries up
A growing number of Chinese tech start-ups, once the darlings of equity markets, are willing to list shares publicly in China at valuations lower than during private funding rounds in so-called blood listings. Unlike tech sector woes elsewhere, triggered mainly by rising interest rates, the misery in China comes from frothy tech markets and disruptions from harsh COVID-19 restrictions. Public offerings at… Continue reading Chinese tech firms forced into ‘blood listings’ as capital dries up
India Digest: Riverwalk launches fund; Innoviti raises more capital from FMO
Riverwalk Holdings, an early-stage India-focused venture capital fund, has announced the launch of a new fund while Innoviti Payment Solutions has raised additional capital from existing investor FMO. Riverwalk Holdings launches new fund Riverwalk Holdings has announced the launch of its Rs 150 crore ($19.3 million) fund anchored by Singapore-based Thakral Group. The vehicle also… Continue reading India Digest: Riverwalk launches fund; Innoviti raises more capital from FMO
People Digest: Northstar, Arbor Ventures, ARA announce key appointments …
Northstar Group, Arbor Ventures and ARA Asset Management have announced key appointments. Northstar appoints head of investor relations Singapore-headquartered private equity firm Northstar Group has appointed Roger Suter as executive director—head of investor relations, Suter announced on Linkedin. Before joining Northstar, Suter worked at UBS for 13 years, most recently as a director and client… Continue reading People Digest: Northstar, Arbor Ventures, ARA announce key appointments …
HSBC weighs IPO of Indonesia business, yet to file formal application
HSBC Holdings PLC is considering an initial public offering of its Indonesian business, as the bank aims to target the growing investment demand in the country, Bloomberg news reported on Thursday, citing people familiar with the matter. The London-based bank is yet to file a formal IPO application in Jakarta but the talks for a share sale are at an… Continue reading HSBC weighs IPO of Indonesia business, yet to file formal application
Inventus India launches $120m fourth fund, rebrands to Athera Venture Partners
Early-stage venture capital firm Inventus India has launched its fourth fund (Fund IV) with a target corpus of $120 million (Rs 900 crore), it announced on Thursday. The firm has also rebranded itself as Athera Venture Partners., With Fund IV, Athera will continue its core strategy of investing in early rounds of tech-focused companies with… Continue reading Inventus India launches $120m fourth fund, rebrands to Athera Venture Partners
IFC proposes to invest $50m in Indian microfinance lender CreditAccess Grameen
Go to Source
India startup funding dips sequentially to $12b in Q1 as investors turn a tad cautious …
Fundraising fell consecutively for the second quarter as Indian startups pocketed $12 billion across 517 private equity (PE) and venture capital (VC) transactions in the first quarter of 2022 compared with $13.7 billion in Q4 2021, showed data from DealStreetAsia DATA VANTAGE‘s latest report, India Deal Review: Q1 2022. This is a dip of about… Continue reading India startup funding dips sequentially to $12b in Q1 as investors turn a tad cautious …