India Dealbook: Binance acquires WazirX; Tulip Diagnostics buys Biosense 

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In the latest M&A deals, global cryptocurrency exchange and blockchain platform Binance has acquired Indian bitcoin exchange WazirX while Tulip Diagnostics has acquired Mumbai-based medical devices maker Biosense Technologies.

Binance acquires bitcoin exchange WazirX

Global cryptocurrency exchange and blockchain platform Binance has acquired Indian bitcoin exchange WazirX, it announced on Thursday.

Starting November 25, one can buy and sell crypto with Indian rupees (INR) on the Binance Fiat Gateway, the company said in a statement.

In Q1 of 2020, WazirX’s unique auto-matching engine will be integrated into the Binance Fiat Gateway platform itself. Users on Binance.com will be able to directly place orders on Binance.com and the Binance iOS or Android app to purchase Tether (USDT) against INR. This integration will allow users to trade any digital asset available on Binance.com with the purchase of USDT from the WazirX digital asset marketplace, the statement added.

Tulip Diagnostics buys Biosense Tech

Tulip Diagnostics has acquired Mumbai-based medical devices maker Biosense Technologies Pvt Ltd., per a statement. Biosense offers novel in-vitro diagnostics point-of-care testing solutions through its team of 120 employees.

The deal will pave the way for an exit for private equity investors in Biosense including Insitor and Menterra. Other angel and venture capital investors will also exit the company.

Abhishek Sen, Co-founder and CEO of Biosense, “We believe combining our product portfolio with Tulip’s established position as regional and global diagnostics provider, enables us to bring the latest technologies to our customers at an affordable cost.”

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.