Author: Deal Street Asia Online News

Data Vantage: Vertex’s Binance exit, Conversant’s funding, and other updates

Vertex Ventures Southeast Asia & India and Vertex Ventures China have exited their investment in the Singapore affiliate of cryptocurrency exchange Binance, according to regulatory filings. The funds, which are part of Temasek-backed Vertex Holdings’ global VC network, transferred their stakes in Binance Asia Services to Ireland-based Binance (Services) Holdings on Monday. The development coincided… Continue reading Data Vantage: Vertex’s Binance exit, Conversant’s funding, and other updates

PE firm BGH Capital makes $431m bid for Australia’s Virtus Health

Private equity firm BGH Capital has proposed a A$607.3 million ($431.37 million) buyout of Australia’s Virtus Health after acquiring a 10% stake, the fertility services provider said on Tuesday, sending its shares up by more than a third. BGH proposed to pay A$7.10 per share, representing a 36% premium to the stock’s last close, after… Continue reading PE firm BGH Capital makes $431m bid for Australia’s Virtus Health

Top investors don’t call Vietnam a frontier market anymore. Watch the video here

Thanks to attractive macro fundamentals, SE Asia’s fast-growing economies, Vietnam in particular, are increasingly grabbing the interest of global private equity powerhouses. “Now people don’t call Vietnam a frontier market anymore,” Conrad Tsang, chairman & co-founder, Strategic Year Holdings Limited, said during the Vietnam-focused panel discussion at the Asia PE-VC Summit 2021. What is driving the shift… Continue reading Top investors don’t call Vietnam a frontier market anymore. Watch the video here

SGX to ask companies to make climate, board diversity disclosures next year

The Singapore Exchange (SGX) will start requiring companies to provide climate-related reporting as well as disclosures on board diversity from next year, the bourse said on Wednesday. All issuers must provide climate reporting on a “comply or explain” basis in their sustainability reports from the financial year starting 2022. Climate reporting will become mandatory for issuers in the financial,… Continue reading SGX to ask companies to make climate, board diversity disclosures next year

India’s Juspay raises $60m in Series C funding led by SoftBank Vision Fund 2

Indian payments technology platform Juspay Technologies has secured $60 million in a Series C round of funding led by SoftBank Vision Fund 2, it said in a statement on Wednesday. Existing investors VEF and Wellington Management also joined the round. The latest round reportedly values the payments technology platform at $460 million. SoftBank Investment Advisers… Continue reading India’s Juspay raises $60m in Series C funding led by SoftBank Vision Fund 2

Thai e-commerce enabler aCommerce files for IPO on the local bourse

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 Thai e-commerce enabler aCommerce files for IPO on the local bourse

China Digest: Carousell HK partners with GoGoX, Atome; Soundbrenner raises $1.5m …

Carousell Hong Kong has teamed up with GoGoX and Atome to build an ecosystem that serves small businesses. Separately, HK-headquartered music tech startup Soundbrenner has raised $1.5 million from Asia’s investment platform Choco Up. Carousell HK forms partnership with GoGoX, Atome The Hong Kong arm of Singapore’s online classifieds business Carousell has teamed up with… Continue reading China Digest: Carousell HK partners with GoGoX, Atome; Soundbrenner raises $1.5m …

Watch investors discuss opportunities for SE Asia amid China’s tech crackdown

For investors rattled by Beijing’s tightened regulatory control over its tech sector, Southeast Asia is emerging as a top alternative destination. “I think there are many Chinese founders — especially in e-commerce, but really across all sectors — that are now looking at globalising [their businesses] with much more seriousness,” said Rui Ma, founder of… Continue reading Watch investors discuss opportunities for SE Asia amid China’s tech crackdown

Cathay Capital backs Tungee and 15 more deal updates from Greater China

ResearchPremium Tungee, a provider of software-as-a-service (SaaS) for sales and marketing management, has raised 300 million yuan ($47 million) for its Series B+ round of financing led by cross-border private equity major Cathay Capital.  New investor GGV Capital besides return backers Sequoia Capital China, Qiming Venture Partners and Unity Ventures joined the round.  Tungee had… Continue reading Cathay Capital backs Tungee and 15 more deal updates from Greater China