Author: Deal Street Asia Online News

Indian B2B marketplace Jumbotail raises $85m led by Artal Asia

Jumbotail, a business-to-business (B2B) marketplace for food and grocery products, has raised $85 million in its Series C round led by Artal Asia, per an announcement. Ajax Capital, the family office of veteran FMCG entrepreneur Ajay Gupta, also participated in the round. This marks the Series C round for the company that saw a combination of… Continue reading Indian B2B marketplace Jumbotail raises $85m led by Artal Asia

China Digest: NeoCura raises $78m; Xiaomi backs Synapsor

NeoCura has secured 500 million yuan ($78 million) Series A+ capital. In a separate development, Xiaomi has led a funding round in AI medical management platform Synapsor. NeoCura nets $78m in Series A+ round Biotech firm NeoCura has secured 500 million yuan ($78 million) in a Series A+ round. The lead investors are state-backed PICC Group’s… Continue reading China Digest: NeoCura raises $78m; Xiaomi backs Synapsor

China Mobile seeks to raise up to $8.8b in Shanghai listing …

China Mobile, the world’s largest mobile network operator by total subscribers, said on Tuesday it aims to raise up to 56 billion yuan ($8.8 billion) in a Shanghai public offering, a year after being kicked off the New York Stock Exchange. A growing number of U.S.-listed Chinese companies are seeking listings in China or Hong Kong amid rising Sino-U.S. tensions. Washington this month blacklisted Chinese companies, including AI… Continue reading China Mobile seeks to raise up to $8.8b in Shanghai listing …

Data Vantage: Nansen, Carro, InterviewBit raise funding and other updates

Blockchain data analytics firm Nansen bagged $75 million recently in a Series B funding round led by US investment firm Accel. According to Nansen’s regulatory filings, Accel contributed $37.5 million in the round. Archipelago Investment Pte, an affiliate of Singapore sovereign wealth fund GIC Pte, invested $19.9 million, while Andreessen Horowitz’s crypto fund put in… Continue reading Data Vantage: Nansen, Carro, InterviewBit raise funding and other updates

Barclays gets Australian banking licence in expansion push

UK-based Barclays Plc said on Monday it had received approval from Australia’s prudential regulator to operate as a foreign bank in the country, as the lender continues its expansion into high-growth markets. Barclays, Britain’s third-biggest bank by market value, in August, pumped money into its India arm to tap rising corporate and investment banking activity in the… Continue reading Barclays gets Australian banking licence in expansion push

SE Asia’s agrifood startups to attract more VC money as interest in sustainability grows

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading SE Asia’s agrifood startups to attract more VC money as interest in sustainability grows

SG’s Spenmo said to be in talks with Tiger Global for new funding round

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading SG’s Spenmo said to be in talks with Tiger Global for new funding round

NewQuest Capital set to gain $10m from TPG if Fund V surpasses $1.75b …

Asia Pacific secondaries investor NewQuest Capital Partners is set to receive a $10-million payout from its controlling shareholder TPG if it manages to raise $1.75 million or more for the NewQuest Fund V. US-based alternative asset manager TPG, which filed for a Nasdaq listing last week, said in its IPO prospectus that NewQuest will earn… Continue reading NewQuest Capital set to gain $10m from TPG if Fund V surpasses $1.75b …

Singapore’s OUE to acquire 17.2% stake in Lippo’s tech investment vehicle Multipolar

Singapore-based property developer and investor OUE’s wholly-owned subsidiary is acquiring about a 17.2% stake in Lippo Group’s tech investment vehicle PT Multipolar Tbk for Rp1 trillion ($70 million) in a bid to tap into the country’s rapidly growing digital economy. Lippo Karawaci CEO John Riady had, during a fireside chat at the Asia PE-VC Summit… Continue reading Singapore’s OUE to acquire 17.2% stake in Lippo’s tech investment vehicle Multipolar