Malaysia’s early-stage investment firm Cradle has announced that Rafiza Ghazali will step down as CEO while Zilingo‘s global head for public relations and communications Naushaba Salahuddin has resigned from the company. Sequoia Capital India-backed browser testing startup LambdaTest has appointed Maneesh Sharma as COO. Cradle Fund CEO steps down Malaysia’s early-stage investment firm Cradle Fund… Continue reading People Digest: Cradle CEO, Zilingo PR chief quit; LambdaTest appoints COO …
Author: Deal Street Asia Online News
Japan’s Toshiba to propose Elliott, Farallon executives join its board
Toshiba Corp plans to propose giving two of its major hedge fund shareholders seats on its board, people familiar with the matter said, a move that could give foreign investors more influence over the troubled Japanese conglomerate. Toshiba plans to nominate executives from Elliott Management and Farallon Capital Management for board seats ahead of its annual shareholder meeting in June, said the people, who declined to be identified because the matter has… Continue reading Japan’s Toshiba to propose Elliott, Farallon executives join its board
Greater China fundraising slows in Q1 2022 as PE-VC interest in megadeals wanes …
Startup financing in Greater China got off to a slow start in 2022 as geopolitical uncertainties and the COVID-induced economic slowdown resulted in volatile stock markets that made investors apprehensive about exits. Privately-held companies headquartered in Greater China — i.e., mainland China, Hong Kong, Macau, and Taiwan —raised a combined $12.3 billion from 363 deals… Continue reading Greater China fundraising slows in Q1 2022 as PE-VC interest in megadeals wanes …
SG’s ADDX raises $58m pre-Series B from Thailand’s SET, Krungsri Bank, others
Singapore-based private market exchange ADDX has raised $58 million in pre-Series B funding from the Stock Exchange of Thailand (SET), United Overseas Bank (UOB), Hamilton Lane and Krungsri Bank. SET and UOB contributed $25 million each to the round, show ADDX’s filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA). Go to Source
Access Ventures looks to raise $50-100m for new vehicle, closes Fund II at around $50m
Early-stage venture capital firm Access Ventures is looking to raise $50-100 million for its third vehicle, after closing its second fund at around $40-50 million, DealStreetAsia has learnt from sources aware of the development. The second fund, which closed last year, most recently led a $2 million Series A investment in the Vietnamese D2C menswear… Continue reading Access Ventures looks to raise $50-100m for new vehicle, closes Fund II at around $50m
Is Tiger Global blazing a new funding trend In India – again?
When Tiger Global made its first seed investment in Indian e-commerce enablement startup Shopflo earlier this month, it created a stir in the industry. The New York-headquartered hedge fund is known so far to participate in larger rounds at later stages in private companies. Its investment has paved the way for some of the startups… Continue reading Is Tiger Global blazing a new funding trend In India – again?
Temasek-backed Leapfrog raising $1b fund, IFC may come in as LP
Global impact fund manager LeapFrog Investments, which received a commitment of $500 million from Temasek last year, is raising a $1-billion growth-stage fund that will invest in healthcare and financial services businesses in Africa, South Asia, and Southeast Asia. International Finance Corporation (IFC), a member of the World Bank Group, has proposed to invest up… Continue reading Temasek-backed Leapfrog raising $1b fund, IFC may come in as LP
India: Paytm, Zomato feel the heat with wider quarterly losses …
Two of India’s hottest startups, fintech firm Paytm and food delivery provider Zomato, have reported wider losses in their quarterly earnings. One 97 Communications Ltd, the parent company of Paytm, reported a higher fourth-quarter loss on Friday due to higher payment processing, marketing and employee costs. However, its shares jumped 8% as CFO Madhur Deora… Continue reading India: Paytm, Zomato feel the heat with wider quarterly losses …
Ex-Twitter India head’s Invact Metaversity explores shutting ops after disagreements with co-founder
Just three months after raising funds, Invact Metaversity, referred to as a “metaverse” university, is exploring options that include cutting the burn rate, pivoting to another idea, letting one of the founders take full charge, or returning the excess capital to investors, as its founders stand at crossroads regarding their vision for the edtech company.… Continue reading Ex-Twitter India head’s Invact Metaversity explores shutting ops after disagreements with co-founder
Abu Dhabi’s Borouge secures cornerstone investors including India’s Adani family
Abu Dhabi-headquartered petrochemicals firm Borouge said on Monday it secured seven cornerstone investors, including India’s wealthy Adani family for its $2 billion initial public offering (IPO). The Abu Dhabi National Oil Company and Borealis’ joint venture set the offer price for its IPO at 2.45 dirhams ($0.67) a share, which implies an equity value of $20 billion, it… Continue reading Abu Dhabi’s Borouge secures cornerstone investors including India’s Adani family