SoftBank Group Corp is borrowing nearly $4 billion from a group led by private equity giant Apollo Global Management Inc, a source familiar with the matter said, as the conglomerate looks to increase cash on hand after its finances came under pressure. The loan, to be secured by SoftBank‘s $40 billion Vision Fund 2, is expected to… Continue reading SoftBank to borrow $4b from PE giant Apollo Global-led group
Author: Deal Street Asia Online News
SoftBank-backed e-commerce player Snapdeal files for IPO, eyes $165m
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 SoftBank-backed e-commerce player Snapdeal files for IPO, eyes $165m
India: Online grocery startup Zepto raises $100m at $570m valuation
Zepto, an instant grocery delivery startup headquartered in India’s financial capital Mumbai, has secured as much as $100 million in a funding round led by Y Combinator. The investment has pegged the valuation of the startup at $570 million within five months of starting services in the country’s fast-growing quick commerce segment. Zepto, founded by… Continue reading India: Online grocery startup Zepto raises $100m at $570m valuation
Deals Digest: L Catterton invests in Ci FLAVORS; Kurly raises $210m pre-IPO funding …
In two major investments in the North Asian markets, L Catterton Asia has invested in Japanese beauty care product firm Ci FLAVORS while Anchor Private Equity has backed South Korean online grocery startup Kurly. L Catterton Asia picks strategic stake in Japan’s Ci FLAVORS Consumer-focused private equity firm L Catterton Asia has made a strategic… Continue reading Deals Digest: L Catterton invests in Ci FLAVORS; Kurly raises $210m pre-IPO funding …
Chinese silicon wafer maker Meike closes $188m in Series B round …
Premium Chinese silicon wafer manufacturer Jiangsu Meike Solar Technology has raised 1.2 billion yuan ($188.3 million) in a Series B round of financing led by the country’s state-owned investor Beijing Financial Street Capital, the investee announced on Wednesday. Go to Source
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