Author: Deal Street Asia Online News

Razorpay secures $375m in Series F round, valuation jumps to $7.5b

Bengaluru-based payments processing platform Razorpay has raised around $375 million in its Series F round co-led by Lone Pine Capital, Alkeon Capital and TCV, according to an announcement on Monday. With this round, Razorpay’s valuation has more than doubled to hit $7.5 billion in just eight months. Existing investors Tiger Global, Sequoia Capital India, GIC and… Continue reading Razorpay secures $375m in Series F round, valuation jumps to $7.5b

China’s LePure snags over $100m from Hillhouse, Legend, others

Shanghai LePure Biotech has completed its Series B+ round of financing raising ‘hundreds of millions of US dollars’. New investors who poured in fresh capital in the round include Asia’s leading private equity firm Hillhouse Capital, TMT and healthcare-driven New Alliance Capital, as well as HM Capital. Legend Capital, which had earlier infused ‘tens of… Continue reading China’s LePure snags over $100m from Hillhouse, Legend, others

Singtel stares at $216m exposure in Australia tax case defeat

Singapore Telecommunications Ltd has estimated it faces A$304 million ($216 million) in tax exposure, interest and penalties, after an Australian court dismissed its appeal against an assessment by the country’s taxation office. The case is related to its acquisition of Singtel Optus Pty Limited in 2001. Singtel‘s Australian subsidiary, Singapore Telecom Australia Investments (STAI), had received amended assessments from the Australian Taxation Office for primary tax of A$268 million, interest of A$58 million and penalties of… Continue reading Singtel stares at $216m exposure in Australia tax case defeat

Malaysia’s Kenanga unit invests $7m in P2P firm CapBay

Kenanga Capital Islamic, a unit of Kenanga Investment Bank (KIBB), has invested 30 million Malaysian ringgit ($7 million) in peer-to-peer firm CapBay as part of its efforts to address the gap in the market for sharia-compliant financing, according to a company statement on Monday. The investment is intended to grow CapBay’s sharia-compliant supply chain finance… Continue reading Malaysia’s Kenanga unit invests $7m in P2P firm CapBay

SenseTime relaunches Hong Kong IPO to raise $767m Sense…

Chinese artificial intelligence start-up SenseTime Group is aiming to raise up to $767 million by pricing its shares between HK$3.85 and $HK3.99 each in its second attempt at a Hong Kong IPO, according to regulatory filings on Monday. SenseTime’s first attempt at listing was shelved last Monday after the company was placed on a U.S.… Continue reading SenseTime relaunches Hong Kong IPO to raise $767m Sense…