Canada’s Ontario Teachers’ Pension Plan (OTPP) on Wednesday said it has entered into an agreement to acquire a significant majority stake in Sahyadri Hospitals Group from the Everstone Group, an India- and Southeast Asia-focused private equity and real estate investment firm. The acquisition marks OTPP’s first control private equity buyout in India, and fourth major… Continue reading Canada’s OTPP to acquire Everstone’s stake in India’s Sahyadri Hospitals
Category: Tech News
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Singapore’s Crypto.com gets regulatory nod in the UK
Singapore-based cryptocurrency platform Crypto.com has registered with Britain’s financial services regulator, the company said in a statement on Wednesday. Crypto.com joined the Financial Conduct Authority’s (FCA) register, which means it has approval to offer crypto asset services and products to customers in the United Kingdom. The UK is a “strategically important market for us”, said Crypto.com CEO Kris Marszalek, citing… Continue reading Singapore’s Crypto.com gets regulatory nod in the UK
YC-Backed Pakistani startup Safepay inches closer to bagging payment service provider licence
Karachi-based fintech startup Safepay has received pilot approval from the State Bank of Pakistan (SBP), bringing it a step closer to bagging a licence to operate as a full payment service provider (PSP). The startup has also raised fresh capital and launched a Visa-backed payment gateway, Cybersource, it said in a statement. Go to Source
China Digest: Sequoia China debuts accelerator YUÈ; Eat Just raises $25m to scale in China
Sequoia Capital China has launched a new accelerator programme to cultivate early-stage startups and entrepreneurs. Separately, US foodtech startup Eat Just has raised $25 million from Alibaba-backed C2 Capital Partners. Sequoia China debuts YUÈ to foster angel, Series A startups Tech investment heavyweight Sequoia Capital China has introduced a new accelerator programme to nurture China’s… Continue reading China Digest: Sequoia China debuts accelerator YUÈ; Eat Just raises $25m to scale in China
India’s Exponent Energy may have found the secret to 15 min rapid EV charging
Bangalore-based Exponent Energy might have come up with a way to deliver 15-minute rapid charging for electric vehicles. The startup, which just raised a $13 million Series A, relies on a combination of its proprietary battery pack and charging infrastructure to achieve such a feat. Exponent Energy’s business model is geared towards OEMs building commercial… Continue reading India’s Exponent Energy may have found the secret to 15 min rapid EV charging
New report details sexual harassment and gender discrimination at Nintendo of America
Nintendo is famous for having a family—friendly image and game that people of all ages can enjoy. But a report by Kotaku paints the picture of a company that’s not so different from other gaming giants that had previously been accused of fostering a “frat boy” workplace culture. The publication talked to several female game… Continue reading New report details sexual harassment and gender discrimination at Nintendo of America
Chinese ceramic chip capacitor maker Viiyong bags $295mViiyong is backed by Chinese smartphone brands Xiaomi and Oppo.
Viiyong, a Chinese manufacturer of multi-layer ceramic chip capacitors (MLCCs), has secured almost 2 billion yuan ($294.8 million) in its Series B, and B+ rounds of financing to advance R&D and expand production capacity. Viiyong, whose shareholders include Chinese smartphone brands Xiaomi and Oppo, plans to further invest in production facilities for its newly-built plants… Continue reading Chinese ceramic chip capacitor maker Viiyong bags $295mViiyong is backed by Chinese smartphone brands Xiaomi and Oppo.
Alternative investment firm PAG may delay $2b Hong Kong IPO: Report
Asia-focused investment manager PAG might delay its $2-billion Hong Kong IPO until next year, according to a Bloomberg report. While the plan to list is still on, the report said the setback was due to the stock market volatility that could send prices down and lead to gloomy trading. Bloomberg, citing sources, said the IPO… Continue reading Alternative investment firm PAG may delay $2b Hong Kong IPO: Report
Citi appoints Aveline San as chief executive of Hong Kong, Macau businesses
Citigroup said on Wednesday it has appointed Aveline San as the chief executive of its Hong Kong and Macau businesses. San, who has 25 years experience in banking, replaces Angel Ng, who was appointed Asia head of Citi Global Wealth in April. In a statement, Citi said San joined the bank in 2019 as the regional compliance officer for Asia Pacific and had previously spent 14 years with UBS. San will report to Citi‘s head of… Continue reading Citi appoints Aveline San as chief executive of Hong Kong, Macau businesses
SG-headquartered e-commerce startup Graas snags $40m in Series A
Singapore-headquartered e-commerce startup Graas has raised over $40 million in a Series A funding round led by Kejora-backed special purpose vehicle Galaxy, Performa, Integra Partners, Yuj Ventures and AJ Capital, according to media reports on Tuesday. The round also saw participation from some of Southeast Asia and India’s “best know angel investors and industry leaders,”… Continue reading SG-headquartered e-commerce startup Graas snags $40m in Series A