1982 Ventures, a Singapore-based, early-stage venture capital firm that invests in fintech startups across Southeast Asia, Pakistan, and Bangladesh, has announced the close of its maiden fund at $20 million, against its original target of $15 million. It has also received commitments worth $5 million for its Fund II expected to be announced soon, a… Continue reading Singapore early-stage VC 1982 Ventures closes debut fund at $20m
Author: Deal Street Asia Online News
Taiwanese insurer Fubon Life commits $50m to Dyal Capital’s latest fund
Taiwan’s Fubon Life Insurance has committed $50 million to the latest fund of Dyal Capital Partners, a division of US-based alternative asset manager Blue Owl Capital, according to the insurance company’s regulatory filing. The commitment is for Dyal V Offshore Investors, an investment fund launched by Dyal Capital in November 2020. According to the investment… Continue reading Taiwanese insurer Fubon Life commits $50m to Dyal Capital’s latest fund
Singapore’s NGC Ventures raises $100m for third blockchain fund
NGC Ventures, a crypto-focused venture capital firm founded in 2017, announced the final close of its third blockchain fund, NGC Metaverse Ventures, with committed capital of $100 million. The new blockchain fund, which received support from investors such as Babel Finance, Altonomy, Huobi Ventures, Nexo Ventures, and GBIC, will back early-stage Web 3 projects, according… Continue reading Singapore’s NGC Ventures raises $100m for third blockchain fund
Vietnam co lines up $840m for country’s first green hydrogen plant …
Construction is due to start on Vietnam‘s first green hydrogen plant next month, the government said on Wednesday, as the Southeast Asian country seeks to boost the use of cleaner energy while reducing dependence on coal in its power mix. TGS Green Hydrogen will build the plant in the southern province of Ben Tre, with trial operations due to start from the first quarter of next year, the… Continue reading Vietnam co lines up $840m for country’s first green hydrogen plant …
India: Fairfax-backed Digit Insurance targets $5b in IPO valuation
India’s Digit Insurance, backed by Canadian billionaire Prem Watsa’s Fairfax Group, is considering raising about $500 million in an initial public offering at a valuation of $4.5 billion to $5 billion, three people aware of the matter told Reuters. Founded in 2017, Digit is trying to capitalise on India’s under-penetrated general insurance market along with users’ need for a better customer… Continue reading India: Fairfax-backed Digit Insurance targets $5b in IPO valuation
Didi Global faces rocky path to growth after getting US delisting nod
Didi Global may have ensured its survival after winning shareholders’ nod for a U.S. stock delisting but a quick return to growth won’t be easy for the Chinese ride-hailer as it still faces regulatory scrutiny and as COVID-19 has hurt the business. Didi‘s U.S. withdrawal less than a year after its debut there is seen as an attempt to appease regulators angered by its move to push ahead with a $4.4… Continue reading Didi Global faces rocky path to growth after getting US delisting nod
Two senior Grab execs quit as company rejigs unit to stem losses
Two top executives at Grab Holdings’ fintech business have quit, adding to other senior departures in recent months, as the Southeast Asian ride-hailing and delivery firm rejigs the key unit at the loss-making group, two sources said. Chris Yeo, who heads Grab‘s payments and rewards business and has been with the company for nearly six years, is leaving along with Jeffrey Goh, who leads the payments gateway business, the sources familiar with the matter told… Continue reading Two senior Grab execs quit as company rejigs unit to stem losses
HK-based crypto finance firm Babel Finance closes $80m Series B at $2b valuation …
Babel Finance, a Hong Kong-based crypto financial services provider, has secured $80 million in a Series B funding round at a valuation of $2 billion, the firm announced on Wednesday. The main investors in the Series B round include Asia-based growth capital investment firm Jeneration Capital and digital asset-focused growth equity fund 10T Holdings, as… Continue reading HK-based crypto finance firm Babel Finance closes $80m Series B at $2b valuation …
Indian dairy brand Country Delight raises $108m led by Venturi Partners, Temasek
Indian direct-to-home food essentials brand Country Delight on Wednesday announced that it has raised $108 million in a Series D funding round led by Venturi Partners and Temasek, with participation from SWC Global and Trifecta Capital. Existing investors IIFL Asset Management, Elevation Capital, Orios Venture Partners and Matrix Partners also participated in the round, the Gurugram-based… Continue reading Indian dairy brand Country Delight raises $108m led by Venturi Partners, Temasek
China’s Primavera targets $1.5b fund to back carbon neutral businesses
Chinese private equity (PE) firm Primavera Capital Group, an early investor in billionaire Jack Ma’s Ant Group, is targeting to raise about 10 billion yuan ($1.5 billion) for a carbon neutrality fund as the race for green investments hots up in the country. The fundraising plan, which was first reported by Chinese-language media outlet ChinaVenture,… Continue reading China’s Primavera targets $1.5b fund to back carbon neutral businesses