• Chinese mobile security firm Zhizhangyi raises $29m Series B round October 18, 2018 9:55 am
    The company will use the proceeds for product development and market expansion. The post Chinese mobile security firm Zhizhangyi raises $29m Series B round appeared first on DealStreetAsia.
    Nguyen Thi Bich Ngoc
  • JD.com forays unto China’s giant parcel delivery market October 18, 2018 9:28 am
    The move could help the firm leverage its network of warehouses and drivers to bolster flagging profits. The post JD.com forays unto China’s giant parcel delivery market appeared first on DealStreetAsia.
    Adam Jourdan
  • Bribery probe throws Lippo Group’s massive SE Asia project into limbo October 18, 2018 8:24 am
    The nation’s Corruption Eradication Commission conducted a search on 10 locations on Wednesday including Lippo deputy chairman James Riady’s home and the house of a senior executive who was arrested. The post Bribery probe throws Lippo Group’s massive SE Asia project into limbo appeared first on DealStreetAsia.
    Agustinus Beo Da Costa
  • SoftBank Ventures Korea co-leads $20m Series C for healthtech firm Gauss Surgical October 18, 2018 8:00 am
    Northwell Health was the other lead investor in the funding round, which was joined by LS Polaris Innovation Fund and seven other US healthcare systems. The post SoftBank Ventures Korea co-leads $20m Series C for healthtech firm Gauss Surgical appeared first on DealStreetAsia.
    Mars Woo
  • China’s crypto startup Cobo snags $13m Series A, to expand to SEA, US October 18, 2018 7:49 am
    The latest funding round, which was led by DHVC and Wu Capital, brings Cobo's total funding to $20 million. The post China’s crypto startup Cobo snags $13m Series A, to expand to SEA, US appeared first on DealStreetAsia.
    Ka Kay Lum
  • India: Swiggy close to raising $900m in fresh funding from Naspers, Tencent October 18, 2018 7:37 am
    While RB Investments and Bessemer Venture Partners may sell out completely in the round, Accel Partners is looking to partially exit its shareholding.  The post India: Swiggy close to raising $900m in fresh funding from Naspers, Tencent appeared first on DealStreetAsia.
    Pramugdha Mamgain
  • Philippines’ San Miguel halves food unit IPO size, seeks $920m October 18, 2018 7:30 am
    The sale of a minority stake in San Miguel Food and Beverage is part of a restructuring plan announced last year. The post Philippines’ San Miguel halves food unit IPO size, seeks $920m appeared first on DealStreetAsia.
    Neil Jerome Morales
  • Thailand most difficult market to crack, says Go-Jek’s head of international expansion October 18, 2018 7:12 am
    The Indonesian ride-hailing giant is up against strong local habits and customs around transportation in Thailand, Go-Jek's Vice President for International Expansion, Andrew Murphy, said. The post Thailand most difficult market to crack, says Go-Jek’s head of international expansion appeared first on DealStreetAsia.
    Kristie Neo
  • Blackstone admits losing takeover battle for Australia’s Investa to Canadians October 18, 2018 5:58 am
    Blackstone quit the battle for Investa Office Fund after it was gazumped by Canadian landlord Oxford Properties Group’s $2.4 billion bid. The post Blackstone admits losing takeover battle for Australia’s Investa to Canadians appeared first on DealStreetAsia.
    Tom Westbrook
  • PHI Group acquires 51% of Vietnamese hospitality firm Saigon Pho Palace October 18, 2018 5:56 am
    Saigon Pho Palace currently operates a chain of restaurants that cater to wedding banquets and convention events and plans to build 35 more such restaurants by 2025. The post PHI Group acquires 51% of Vietnamese hospitality firm Saigon Pho Palace appeared first on DealStreetAsia.
    Nguyen Thi Bich Ngoc
  • Uber’s Middle East rival Careem secures $200m fresh funding October 18, 2018 5:42 am
    The $200 million was the first close of a funding round in which it expects to raise over $500 million. The post Uber’s Middle East rival Careem secures $200m fresh funding appeared first on DealStreetAsia.
    Alexander Cornwell
  • Macau-based Studio City casino rakes in $359m in US IPO October 18, 2018 4:37 am
    The public listing will be accompanied by a private placement to Melco International, an affiliate of the company that operates Studio City. The post Macau-based Studio City casino rakes in $359m in US IPO appeared first on DealStreetAsia.
    Michael Hytha
  • Malaysia’s Press Metal to acquire 50% stake in Australian firm for $178m October 18, 2018 4:33 am
    Press Metal said, the acquisition will ensure long-term access to raw material and reduce exposure to third party suppliers. The post Malaysia’s Press Metal to acquire 50% stake in Australian firm for $178m appeared first on DealStreetAsia.
    Ka Kay Lum
  • US private equity heavyweights tap Australia’s home-loan market October 18, 2018 4:10 am
    KKR, Blackstone and Cerberus have all snapped up small Australian mortgage lenders in the past 14 months. The post US private equity heavyweights tap Australia’s home-loan market appeared first on DealStreetAsia.
    Emily Cadman
  • UK’s Entrepreneur First sets aside $20m to build deep-tech startups in India October 18, 2018 4:06 am
    Entrepreneur First has launched a six-month programme in Bengaluru to help build 50 deep-tech startups in AI, machine learning and robotics. The post UK’s Entrepreneur First sets aside $20m to build deep-tech startups in India appeared first on DealStreetAsia.
    Aakanksha Ahuja
  • India: IvyCap Ventures launches angel fund to capture early-stage opportunities October 18, 2018 3:02 am
    IvyCap is targeting a corpus of up to $8 million for the fund that will invest only in seed and pre-series A rounds. The post India: IvyCap Ventures launches angel fund to capture early-stage opportunities appeared first on DealStreetAsia.
    M Sriram
  • India: Sebi asks Fortis Healthcare to recover $55m from founders, eight firms October 18, 2018 2:21 am
    Fortis accepted an investment offer from Malaysia's IHH Healthcare Bhd  in July after an extended bidding war for control of the company. The post India: Sebi asks Fortis Healthcare to recover $55m from founders, eight firms appeared first on DealStreetAsia.
    Sankalp Phartiyal
  • Uber to launch trailer leasing business as it seeks new growth avenues October 18, 2018 2:13 am
    In August, Uber said it would create a standalone business out of its long-haul trucking business. The post Uber to launch trailer leasing business as it seeks new growth avenues appeared first on DealStreetAsia.
    Akanksha Rana
  • China’s early-stage VC FutureCap closes third USD fund at $100m October 18, 2018 12:47 am
    The latest fund brings FutureCap's total capital under management to RMB2.5 billion ($360 million). The post China’s early-stage VC FutureCap closes third USD fund at $100m appeared first on DealStreetAsia.
    Ka Kay Lum
  • Decacorn Capital to raise $50m fund, ties up with Chinaccelerator October 18, 2018 12:39 am
    In two years, Decacorn has made 18 investments - nine in the US, six in Israel and the rest across Asia. The post Decacorn Capital to raise $50m fund, ties up with Chinaccelerator appeared first on DealStreetAsia.
    Ka Kay Lum
  • With tech, we can bring healthcare closer to people: HealthXCapital’s Seemant Jauhari October 18, 2018 12:31 am
    The Singapore-based healthcare fund is side-stepping the cash burners like genomics and biopharma to focus on devices, diagnostics and digital health. The post With tech, we can bring healthcare closer to people: HealthXCapital’s Seemant Jauhari appeared first on DealStreetAsia.
    Kristie Neo
  • SoftBank IPO banks said to commit to $9b Vision Fund loan October 18, 2018 12:27 am
    The almost $100 billion Vision Fund has holdings in companies including ARM Holdings Plc, Uber Technologies Inc., WeWork Cos., Slack Technologies Inc. and General Motors Co.’s self-driving car unit. The post SoftBank IPO banks said to commit to $9b Vision Fund loan appeared first on DealStreetAsia.
    Ruth David
  • India: KKR in talks to pick controlling stake in Aadhar Housing Finance October 18, 2018 12:22 am
    Aadhar Housing Finance is a unit of Wadhawan Global Capital which also controls Dewan Housing Finance Co. Ltd (DHFL) The post India: KKR in talks to pick controlling stake in Aadhar Housing Finance appeared first on DealStreetAsia.
    Deborshi Chaki
  • India: Budget hotel brands Treebo and FabHotels initiate merger talks October 18, 2018 12:18 am
    Treebo and FabHotels have been trying to raise fresh capital, but potential investors have so far shied away from putting money into companies competing with SoftBank-backed Oyo The post India: Budget hotel brands Treebo and FabHotels initiate merger talks appeared first on DealStreetAsia.
    Shrutika Verma and Mihir Dalal
  • Philippines: Ayala arm invests in local health app AIDE October 18, 2018 12:12 am
    Ayala Corporation said, the investment in AIDE is part of AC Health's strategy to invest in innovative health technology solutions. The post Philippines: Ayala arm invests in local health app AIDE appeared first on DealStreetAsia.
    Mars Woo
  • China’s PE firm SummitView Capital partners Xuzhou City to launch $433m fund October 18, 2018 12:09 am
    The fund will invest in sensors and Internet-of-Things (IoT) industries. The post China’s PE firm SummitView Capital partners Xuzhou City to launch $433m fund appeared first on DealStreetAsia.
    Mars Woo
  • Chinese co-working space unicorn Ucommune acquires local rival Fountown October 17, 2018 11:38 pm
    Ucommune's moves to acquire smaller rivals is seen as a bid to consolidate its leadership in the mainland. The post Chinese co-working space unicorn Ucommune acquires local rival Fountown appeared first on DealStreetAsia.
    Kristie Neo
  • Indian adtech firm InMobi buys US-based Pinsight Media October 17, 2018 11:30 pm
    This is InMobi's second acquisition this year. It acquired AerServe for $90 million this January. The post Indian adtech firm InMobi buys US-based Pinsight Media appeared first on DealStreetAsia.
    Ka Kay Lum
  • US-based music app Smule raises $20m for India expansion October 17, 2018 11:26 pm
    Last year Smule raised a $54 million funding round led by Chinese technology giant Tencent Holdings. The post US-based music app Smule raises $20m for India expansion appeared first on DealStreetAsia.
    Ishita Russell
  • Sequoia India rejigs structure, splits investment team into growth, venture verticals October 17, 2018 11:24 pm
    Sequoia is also bringing on board Tejeshwi Sharma, who was managing India investments for Chinese tech giant Tencent. The post Sequoia India rejigs structure, splits investment team into growth, venture verticals appeared first on DealStreetAsia.
    Pramugdha Mamgain
  • PremjiInvest backs US startup Devoted Health’s $300m Series B round October 17, 2018 11:19 pm
    In August, PremjiInvest led a $100-million Series D round in US e-commerce fraud-prevention company Signifyd. The post PremjiInvest backs US startup Devoted Health’s $300m Series B round appeared first on DealStreetAsia.
    Pramugdha Mamgain
  • India: KKR drags dairy firm Kwality to NCLT over loan default October 17, 2018 11:15 pm
    KKR had invested Rs 520 crore through a structured finance transaction in Kwality in July 2016. The post India: KKR drags dairy firm Kwality to NCLT over loan default appeared first on DealStreetAsia.
    Pramugdha Mamgain
  • India Dealbook: Aurionpro Solutions, One Co.Work, Reliance Industrial in M&A October 17, 2018 11:03 pm
    Reliance Industrial Investments and Holdings has acquired a 12.7 per cent stake in US firm SkyTran Inc. The post India Dealbook: Aurionpro Solutions, One Co.Work, Reliance Industrial in M&A appeared first on DealStreetAsia.
    Pramugdha Mamgain
  • Thai ICO unicorn Omise raises funding in Global Brain-led round October 17, 2018 11:00 pm
    The round was joined by Mitsui Fudosan's corporate venture arm, 31VENTURES, and existing backer Indonesian VC firm Sinar Mas Digital Ventures (SMDV). The post Thai ICO unicorn Omise raises funding in Global Brain-led round appeared first on DealStreetAsia.
    Ka Kay Lum
  • Singapore’s GIC set to acquire premium Perth tower for $228m: Report October 17, 2018 10:44 pm
    GIC is believed to be the winning bidder to acquire the premium-grade tower for $228 million. The post Singapore’s GIC set to acquire premium Perth tower for $228m: Report appeared first on DealStreetAsia.
    Ardi Wirdana
  • India: Reliance to buy controlling stakes in Hathway, Den Networks for $710m October 17, 2018 5:41 pm
    Reliance, controlled by India’s richest man Mukesh Ambani, said it will acquire a 51.3 percent stake in Hathway Cable and Datacom Ltd for $399 million. The post India: Reliance to buy controlling stakes in Hathway, Den Networks for $710m appeared first on DealStreetAsia.
    Sankalp Phartiyal
  • Credit management firm AsiaCollect makes India foray with Creditseva acquisition October 17, 2018 1:20 pm
    AsiaCollect estimates the Indian unsecured consumer NPL market is worth around $150 billion and is expected to grow at 24-25 per cent by 2020-21. The post Credit management firm AsiaCollect makes India foray with Creditseva acquisition appeared first on DealStreetAsia.
    Nguyen Thi Bich Ngoc
  • Gobi Partners leads $4.8m funding for SEA freelancing platform Fastwork October 17, 2018 12:52 pm
    Other investors in the round included Vickers Venture Partners, LINE Ventures and Partech Partners. The latest financing brings Fastwork's total external funding to $5.5 million. The post Gobi Partners leads $4.8m funding for SEA freelancing platform Fastwork appeared first on DealStreetAsia.
    Juliet Shwe Gaung
  • India Dealbook: Updates from ShareChat, Truebil, Drivezy, POWERED Accelerator October 17, 2018 9:05 am
    The partial exit from Sharechat would give India Quotient a 25-30x return on its initial investment. The post India Dealbook: Updates from ShareChat, Truebil, Drivezy, POWERED Accelerator appeared first on DealStreetAsia.
    Pramugdha Mamgain
  • Yoma Bank extends second tranche of $2.5m debt to Myanmar’s Easy Microfinance October 17, 2018 8:55 am
    Easy Microfinance is the tenth MFI in Myanmar that Yoma Bank has extended financing to in the last year. The post Yoma Bank extends second tranche of $2.5m debt to Myanmar’s Easy Microfinance appeared first on DealStreetAsia.
    Juliet Shwe Gaung
Advertisements