US strategics have pumped in $422 million in Indian startups across 12 deals in the first half of this year.
The funding, if successful, will be Vision Fund's first investment in a Vietnamese company, and will catapult VNPAY into the league of unicorns.
The startup is looking to hit the market to raise a Series B round later this year.
JD.com, Qihoo 360 buy $63m stake in Chinese property manager Colour Life
Mizuho, Nomura to finance OYO founder Ritesh Agarwal’s $2b buyback
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Our reporters track deals with a focus on Private Equity, Venture Capital and M&As across Southeast Asia, India and China, and bring it to your inbox every day.
The round has valued the Chennai-based lender at $950 million.
Rest of Asia
Combined, VicSuper and First State Super would become the nation’s second-largest non-profit super fund, behind the A$160 billion AustralianSuper.
New Horizon acquires Kagayaku through its third fund NH-3.
The fund exceeded its initial target of $20 million.
Hmlet had last raised a $6.5-million Series A round led by Sequoia India in November 2018.
However, funding in India continues to remain strong.
The startup is valued at around $1.2-1.3 billion after the funding.
Colour Life became China’s first residential property manager to be listed in Hong Kong in 2014.
Agarwal is raising the three-year loans by pledging his current 10 per cent shareholding in OYO.
The proceeds will be used for direct and indirect investments into prospective and existing portfolio firms.
It had raised $1 billion through dollar denominated bonds in 2017.
Sixteen of the first batch of 25 companies more than doubled their already frothy IPO prices on the STAR Market.
Founded in 1984, InNature is the retailer and distributor The Body Shop products in Malaysia and Vietnam.
With a growing number of smartphones and a surge in the use of broadband, India has become a battleground for streaming services.
DealStreetAsia has partnered with Pandaily to bring you its weekly TechBuzz China podcast on the Chinese tech industry, straight from Silicon Valley
Grofers started piloting with electric vans last year by deploying 50 vehicles in Delhi.
The panel has proposed an official government-backed digital currency in India, to function like bank notes.
It is in discussions with multiple foreign lenders, including Germany's KfW Group and the World Bank, to extend lines of credit to small enterprises.
Korawad Chearavanont's Eko Group hopes to fill gaps in the so-called enterprise collaboration market left by the likes of Slack.
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