Vertex launches $200m China VC Fund III

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Singapore state-fund Temasek Holdings’ wholly owned investment arm – Vertex Venture Holdings – has begun raising its third China fund and is targeting $200m. The fund that will be called Vertex Ventures China III, L.P. has not yet raised any commitments for its latest vehicle, the company said, in a filing with… Read more »

Exclusive: DHFL to raise $100m via stake sale

India’s second largest home finance company in the private sector, Dewan Housing Finance Corp. Ltd (DHFL) is in talks with investors in Singapore and Hong Kong to raise up to $100 million through stake sale, a top company executive told DEALSTREETASIA. “In DHFL,  we are looking to raise about $90-$100… Read more »


Russia’s LifePay enters South East Asia with iboxPro acquisition

Russia’s largest mPOS (mobile points of sale) service, LifePay, has entered the Southeast Asian market with its acquisition of iboxPro, which operates in Vietnam, Indonesia and Thailand. This acquisition serves as a base for further expansion into other ASEAN markets. ibox was a brand created by international group of companies, with head office… Read more »


China’s Snowbird plans to dual list in Singapore: Sakae

The corporate advisory arm of mainboard-listed restaurant chain Sakae Holdings has bagged its first client. Its corporate advisory business, which it recently unveiled in partnership with  India-listed corporate finance company Religare Capital Markets Corporate Finance, and is aimed at bringing entities from across the globe to undertake dual listings in… Read more »


Temasek eyes Crompton Greaves’ fan biz

Singapore state fund Temasek Holdings is a frontrunner to buy a $200-million stake in the about to be demerged consumer products business of India-based Crompton Greaves, which is controlled by billionaire Gautam Thapar, a media report said, quoting ‘multiple sources directly familiar with the matter’. According to the Times of India, the Singapore fund has entered into… Read more »


Vertex invests in China’s Ichuanyi & India’s Firstcry

The wholly owned investment arm of Singapore state-owned fund Temasek, Vertex Venture Holdings has joined the $10 million Series B round in Shanghai-based female fashion e-commerce platform Ichuanyi.com, a report said. A report in China Money Network said Vertex Venture Holdings had joined Chinese e-commerce platform JD.com Inc, to jointly invest… Read more »


Foodpanda cements leadership in ASEAN

Global online food delivery company Foodpanda, a firm in Rocket Internet‘s portfolio, just announced the full acquisition of key competitors across seven countries in Southeast Asia, consolidating its market leadership across the Southeast Asian food delivery market. Active in 39 countries worldwide, Foodpanda has acquired competitors in India, Malaysia, Singapore, Philippines, Pakistan, Hong Kong and Thailand. Also… Read more »


DBS launches financing programme for startups

One of the largest lenders in South East Asia, DBS Bank, has launched a programme to finance tech start-ups. The move has expanded the fundraising options that exist within the startup ecosystem, to beyond the government-linked grants and VC funding. The dedicated venture debt solution offers tech startups (often at the growth stage of… Read more »


Temasek eyes Misys software deal: Report

Singapore state-owned fund Temasek Holdings is among the potential acquirers of UK-based banking supplier software firm Misys, which is being sold by its current owner Vista Equity Partners, a report said. Sky News city editor Mark Kleinman, in a February 5 report, said that Tamasek, along with a number of… Read more »


GIC buys 5% in Nielsen for over $800m

Singapore’s sovereign wealth fund GIC has bought 5 per cent stake in consumer research company Nielsen, in a deal valued at over $800 million. In its regulatory filing, New York-listed Nielsen said GIC had bought 18.79 million shares in the company. Based on the last traded share price of the… Read more »