Growth equity fund TVS Capital Funds Monday announced that it has promoted Gaurav Sekhri to the role of partner. In another development, Zomato has appointed Rakesh Ranjan as CEO of its food ordering and delivery business. TVS Capital Funds elevates Gaurav Sekhri to partner Growth equity fund TVS Capital Funds Monday announced that it has… Continue reading People Digest: TVS Capital elevates Gaurav Sekhri to partner; Zomato names Rakesh Ranjan as CEO of food delivery biz
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UK’s BII to enter PH through $15m commitment in SUSI’s energy transition fund
The UK’s development finance institution British International Investment (BII) is entering the Philippine market through the SUSI Asia Energy Transition Fund (SAETF), a Southeast Asia-focused energy transition infrastructure fund. BII announced that it is committing $15 million to SAETF, which is managed by Swiss firm SUSI Partners, marking its first commitment in Southeast Asia under… Continue reading UK’s BII to enter PH through $15m commitment in SUSI’s energy transition fund
Vietnam’s VinaCapital, A.P. Moller Capital set up logistics infra platform
Vietnamese asset manager VinaCapital and global fund manager A.P. Moller Capital have set up a joint platform to grow and scale investments in transportation and logistics infrastructure in Vietnam. The partnership will be majority-owned by a fund managed by A.P. Moller Capital, according to a press release. A.P. Moller Capital is an affiliate of A.P.… Continue reading Vietnam’s VinaCapital, A.P. Moller Capital set up logistics infra platform
Meta reportedly wants to license Magic Leap’s AR technology
The two companies are said to be in early talks. Meta could turn to Magic Leap for help to stay ahead of Apple and other new entrants in the soon-to-be crowded AR space. According to the Financial Times, the two companies are in talks to sign a multi-year IP licensing and manufacturing pact. Details on… Continue reading Meta reportedly wants to license Magic Leap’s AR technology
Watch Axiom Space’s second private flight to the ISS with us at 5PM ET
The mission is scheduled to get underway at 5:37PM ET. In less than two hours, private space firm Axiom Space is set to launch its second all-civilian flight. At approximately 5:37PM ET, a SpaceX Falcon 9 rocket will attempt to carry the four-person crew, including former NASA astronaut Peggy Whitson, to the International Space Station.… Continue reading Watch Axiom Space’s second private flight to the ISS with us at 5PM ET
Beijing bans Chinese companies from using Micron chips in critical infrastructure
The move comes after the US tightened restrictions on semiconductor exports to the country. China’s cybersecurity regulator has banned Chinese firms from buying chips from US memory manufacturer Micron Technology. Per Reuters, the Cyberspace Administration of China (CAC) said Sunday it found that the company’s products pose “significant security risks” to critical Chinese information infrastructure,… Continue reading Beijing bans Chinese companies from using Micron chips in critical infrastructure
Potentia walks away from offer to buy Australia’s Tyro PaymentsTyro rejected two offers from the PE firm, saying they undervalued the company.
Australia’s Tyro Payments said on Monday it has ended deal discussions with suitor Potentia Capital, after the private equity firm said it does not intend to proceed with a proposal to acquire the company. Potentia had first offered to buy Tyro for A$1.27 per share in September, then improved its offer to A$1.60 in December. Tyro rejected both offers, saying… Continue reading Potentia walks away from offer to buy Australia’s Tyro PaymentsTyro rejected two offers from the PE firm, saying they undervalued the company.
BEENEXT in the market to raise fifth early-stage vehicle and third accelerate fund
Singapore-based venture capital firm BEENEXT is in the market looking to raise two new vehicles—its fifth early-stage fund and third accelerate fund—two persons familiar with the development told DealStreetAsia. The vehicles will have a target size of around $100 million each, the sources said, adding that half of the investments from each fund will be earmarked… Continue reading BEENEXT in the market to raise fifth early-stage vehicle and third accelerate fund
The LP View: Why domestic capital is key to becoming a successful fund manager
The availability of domestic capital could make the fundraising process for India-focused private equity (PE) and venture capital (VC) firms easier at a time when macroeconomic headwinds are prompting foreign limited partners (LPs) to pull their purse strings. LPs pumped in $2.4 billion to PE and VC firms in the first four months of this… Continue reading The LP View: Why domestic capital is key to becoming a successful fund manager
Vietnamese startup 1Office raises strategic investment from Japan’s Mynavi
Vietnamese enterprise management software firm 1Office has raised several million US dollars in its Series A funding round from Japanese investor Mynavi, according to a top company executive. While the investment amount was not disclosed, it is understood that Mynavi typically writes cheques up to $5 million per deal. Go to Source