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
Author: Deal Street Asia Online News
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
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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 …
Singapore early-stage VC 1982 Ventures closes debut fund at $20m
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
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