India Resurgence Fund (IndiaRF), an India-focused investment platform promoted by Piramal Enterprises Limited and Bain Capital, on Monday announced that it has invested about $68 million (Rs550 crores) in Impresario Entertainment and Hospitality Private Limited. Following the transaction, IndiaRF has become the majority shareholder of Impresario, it said in a statement. The fresh capital will… Continue reading India Resurgence Fund invests $68m in restaurant-operator ImpresarioImpresario received an investment from L Catterton in 2017.
Category: Tech News
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Temasek said to be weighing sale of Advanced MedTech at around $1b valuation
Temasek Holdings is considering selling Advanced MedTech, multiple sources told Reuters on Monday, after the medical devices firm, fully-owned by the Singaporean state investor, received interest from suitors including buyout funds. Two investment banks have been tapped to launch a sale process for Singapore-headquartered MedTech, which could be valued at roughly $1 billion, two of… Continue reading Temasek said to be weighing sale of Advanced MedTech at around $1b valuation
Indonesia’s SWF, China’s CATL, CMBI to set up $2b fund for electric vehicles
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Renewables-focused Alcazar Energy Partners II raises $337m from AIIB, othersThe fund is aiming to achieve up to $500m in its final closing.
The Middle East-focussed power producer and developer Alcazar Energy Partners has received $337 million for its fund Alcazar Energy Partners II, which targets solar and onshore wind technologies. The fund, which is aiming to achieve up to $500 million in its final closing, with a hard cap of $650 million, will deploy capital in clean… Continue reading Renewables-focused Alcazar Energy Partners II raises $337m from AIIB, othersThe fund is aiming to achieve up to $500m in its final closing.
SaaS startup Lentra raises $60m, HDFC partially divests stake
SaaS platform Lentra said on Monday that it has raised $60 million as part of its Series B funding round led by Bessemer Venture Partners, and SIG Venture Capital at a valuation of over $400 million. Incorporated in July 2018, Lentra is in the business of designing, developing, licensing, and implementing software products for the… Continue reading SaaS startup Lentra raises $60m, HDFC partially divests stake
SoftBank shares crash on hefty Vision Fund losses
Shares in Japan’s SoftBank Group Corp plunged on Monday after the company reported a heavy loss at its Vision Fund investment arm for a third consecutive quarter. The shares sank 13% in early afternoon trade – heading for their biggest one-day loss in more than two and a half years. Analysts said, however, that the share price slide was in part a pullback from a steep rally that had been driven… Continue reading SoftBank shares crash on hefty Vision Fund losses
Tesla China responds to dramatic crash that kills two [video]
Tesla will assist Chinese authorities in investigating a dramatic Tesla Model Y crash in Guangdong, China, which killed two and injured three. But rumors have been flying on social media with potential causes of the crash, most of which are untrue or impossible. The accident happened on November 5, and video has been circulating on… Continue reading Tesla China responds to dramatic crash that kills two [video]
People Digest: Circles names chief business officer; Northern Trust appoints APAC head of digital assetsBrian Finn joins Circles, while Alvin Chia mov…
Warburg Pincus-backed Circles has appointed Brian Finn as chief business officer, while Chicago-based Northern Trust has appointed Alvin Chia as its head of Digital Assets Innovation for Asia-Pacific. Brian Finn joins Circles as chief business officer Singapore-based telco Circles has appointed Brian Finn as chief business officer, according to an announcement. In this role, Finn… Continue reading People Digest: Circles names chief business officer; Northern Trust appoints APAC head of digital assetsBrian Finn joins Circles, while Alvin Chia mov…
Binance CEO calls for stable, clear regulations for crypto industry
Dominant cryptocurrency exchange Binance‘s chief executive Changpeng Zhao called for new but stable and clear regulations for the industry, in light of recent developments and participants “cutting corners”. “We’re in a new industry, we’ve seen in the past week, things go crazy in the industry,” Zhao told a gathering of G20 leaders at the summit in Bali. “We do need some regulations, we… Continue reading Binance CEO calls for stable, clear regulations for crypto industry
SG’s Spenmo said to be negotiating down round with investors
Singapore-based spend management software firm Spenmo is negotiating a down round less than a year after closing its Series B fundraise led by Tiger Global, sources privy to the matter told DealStreetAsia. The startup had closed its Series B round at $85.35 million in January, which had pegged its post-money valuation at $500 million. Go… Continue reading SG’s Spenmo said to be negotiating down round with investors