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Author: Deal Street Asia Online News
India: Warburg, SoftBank lead $100m funding in SaaS startup WhatfixWhatfix had last raised $90m in its Series D funding round in June 2021 led by Soft…
SaaS-based digital adoption solution provider Whatfix has raised nearly $100 million in its Series E funding round led by Sweet Nector Investments (Warburg Pincus) and Japanese investment firm SoftBank. The board at Whatfix has passed a special resolution to issue 13,201 Series E compulsory convertible preference shares (CCPS) at an issue price of Rs 2,24,788.44… Continue reading India: Warburg, SoftBank lead $100m funding in SaaS startup WhatfixWhatfix had last raised $90m in its Series D funding round in June 2021 led by Soft…
SoftBank-backed Swiggy eyes IPO filing this week: ReportSwiggy may be reportedly seeking over $1 billion in its IPO.
Food delivery firm Swiggy is considering filing for its domestic initial public offering as soon as this week, Bloomberg reported citing people familiar with the matter. Swiggy may be targeting to raise more than $1 billion in its IPO, the report said, adding that the company is waiting to get approval from India’s Securities and… Continue reading SoftBank-backed Swiggy eyes IPO filing this week: ReportSwiggy may be reportedly seeking over $1 billion in its IPO.
Chinese warehouse robot maker Quicktron raises over $100m in Series DThe firm closed its $100m Series C+ round led by Kion Group and Prosperity7 Ventu…
Quicktron Intelligent Technology, a Chinese provider of warehouse robot solutions, has secured over $100 million in a Series D round of financing to fuel its global expansion. Shanghai-headquartered Quicktron raised the fresh capital from Taiwanese property development and construction firm Farglory Group and a few investment firms in mainland China, including Wuxi Liangxi Tech Innovation… Continue reading Chinese warehouse robot maker Quicktron raises over $100m in Series DThe firm closed its $100m Series C+ round led by Kion Group and Prosperity7 Ventu…
SE Asian family offices are slowly warming up to private equityIn 2023, family offices across APAC allocated only 16% of their assets to PE.
The number of Southeast Asia-based family offices is growing, but their allocation to private equity investments in their home turf may not see a sudden spurt just yet given the limited exit opportunities and the relatively lower risk-adjusted returns of the asset class. Go to Source
Asia’s family-owned businesses put faith in private equity as heirs step asideJapan is Asia’s top market for acquiring family-owned businesses, show d…
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US pension majors CalPERS, NYSCRF commit over $1b to Asia fundsThe commitments were made to funds of TPG, Macquarie, and BentallGreenOak.
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SAIC’s Shang Qi Capital holds first close of new RMB tech fund at $84mThe $113m fund will invest in AI-powered auto chain opportunities.
Shang Qi Capital, a private equity (PE) firm affiliated with Chinese state-owned automaker SAIC Motor Corp, has held the first close of a new technology innovation fund at 598 million yuan ($84.3 million) to invest in AI-powered auto industry chain opportunities. The fund, which has a target of 800 million yuan ($112.8 million), plans to… Continue reading SAIC’s Shang Qi Capital holds first close of new RMB tech fund at $84mThe $113m fund will invest in AI-powered auto chain opportunities.
India accuses Samsung, Xiaomi of colluding with Amazon, FlipkartIndian retailers have repeatedly accused Amazon and Flipkart, and smartphone companies…
Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart’s Flipkart to exclusively launch products on the e-commerce firms’ Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters. Antitrust investigations conducted by the Competition Commission of India (CCI) have found that Amazon and Flipkart violated local competition laws by… Continue reading India accuses Samsung, Xiaomi of colluding with Amazon, FlipkartIndian retailers have repeatedly accused Amazon and Flipkart, and smartphone companies…
Temasek said to be close to buying stake in Blackstone-owned VFSThe deal may value VFS Global at $7 billion, including debt, per a Bloomberg report.
Temasek is nearing a deal to acquire a 20% stake in Blackstone-owned visa application outsourcing and technology services firm VFS Global, Bloomberg News reported on Saturday, citing people familiar with the matter. The deal may value VFS Global at $7 billion, including debt, the report said, adding that Blackstone will remain the majority shareholder in… Continue reading Temasek said to be close to buying stake in Blackstone-owned VFSThe deal may value VFS Global at $7 billion, including debt, per a Bloomberg report.