Svatantra Microfin said it will buy Chaitanya India Fin Credit Private Limited (Chaitanya) while insurtech firm InsuranceDekho is reportedly in talks to raise a fresh round. Svatantra to buy Navi Group’s Chaitanya Ananya Birla’s Svatantra Microfin said it will acquire Chaitanya India Fin Credit Private Limited (Chaitanya), a subsidiary of Navi Group (Navi), in a… Continue reading India Digest: Svatantra to buy Navi Group’s Chaitanya; InsuranceDekho to raise $50mFollowing the acquisition, Svatantra said it will become the second…
Author: Deal Street Asia Online News
Chinese growth-stage VC firm ATM Capital to amplify SE Asia focus
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Indonesia’s Baskit raises funds from Korea Investment Partners
Baskit, a company that seeks to digitise and advance the distribution business within Indonesia’s supply chain, has roped in a major South Korean investor in an extension round, after raising $3.3 million in a seed round in June and a $1.5 million pre-seed round in March this year, DealStreetAsia has learnt. Go to Source
India’s Intas Pharmaceuticals in talks to buy veterinary vaccine maker Globion
Indian drug maker Intas Pharmaceuticals, which is backed by the Abu Dhabi Investment Authority (ADIA) and homegrown private equity giant ChrysCapital, is in advanced talks to acquire a stake in Globion, a manufacturer of poultry vaccines and veterinary medicines, DealStreetAsia has learnt. Go to Source
Clime Capital targets $135m for second SE Asian clean energy fund
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Moonbox raises $1m and 69 more Greater China deals worth almost $1.1bOKX Ventures, the investment arm of crypto exchange OKX, backed Moonbox.
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China mandates all mobile app providers to share business detailsExperts say the move could hit small developers hard.
China will require all mobile app providers in the country to file business details with the government, its information ministry said, marking Beijing’s latest effort to keep the industry on a tight leash. The Ministry of Industry and Information Technology (MIIT) said late on Tuesday that apps without proper filings will be punished after the… Continue reading China mandates all mobile app providers to share business detailsExperts say the move could hit small developers hard.
Bukalapak reduces headcount to “optimise operations”
Indonesia-listed tech company Bukalapak reduced its headcount in a new round of layoffs as part of its efforts to optimise its operations, an executive said on Wednesday. Bukalapak did not disclose the number of employees that were let go or from which department they previously belonged. The company, however, said that it will provide a… Continue reading Bukalapak reduces headcount to “optimise operations”
China’s Neurophth raises nearly $100m as it nears commercialisation of lead candidate
China’s Neurophth Therapeutics, which develops in-vivo gene therapies for ophthalmic diseases, announced on Wednesday the completion of its Series C+ funding round at almost 700 million yuan ($97.7 million). Neurophth plans to use the net proceeds to further the clinical trials of its core product candidates, enhance its R&D resources, and expand the product pipeline,… Continue reading China’s Neurophth raises nearly $100m as it nears commercialisation of lead candidate
Swiggy, Lenskart among SoftBank’s Indian startups preparing for IPOs: Report
SoftBank Group’s Indian portfolio companies food delivery firm Swiggy, eyewear brand Lenskart, omnichannel retailer FirstCry, and business-to-business commerce startup OfBusiness are preparing to go public soon, Navneet Govil, executive managing partner and CFO at SoftBank Vision Fund, told The Economic Times in an interview. These startups are at various stages of preparing for their IPOs,… Continue reading Swiggy, Lenskart among SoftBank’s Indian startups preparing for IPOs: Report