DealStreetAsia

DealStreetAsia™ is a media company based in Singapore that operates on a subscription model. It focuses on reporting all types of deals, including private equity, venture capital, mergers and acquisitions, public listings, and the activities of startups throughout Asia.

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Musk's Starlink secures licence to offer satcom services in India: report

1 day ago | dealstreetasia.com | Aditi Shah

Elon Musk’s Starlink has received a licence to launch commercial operations in India from the telecoms ministry, two sources told Reuters on Friday, clearing a major hurdle for the satellite provider that has long wanted to enter the South Asian country. The approval is good news for Musk, whose public spat with President Donald Trump threatens $22 billion of SpaceX’s contracts and space programmes with the U.S. government.
360 One Asset invests nearly $20m in Indian hospital chain Paras

3 days ago | dealstreetasia.com | Paramita Chatterjee

360 ONE Asset, a wholly-owned subsidiary of 360 ONE WAM, has completed an investment of Rs 170.60 crore (roughly $19.8 million) in Paras Healthcare, a multispecialty hospital chain in north India. The transaction includes both primary capital infusion and a secondary component, including a partial exit by an existing investor, per a statement.
Venturi Partners eyes $125m first close for Fund II this month

3 days ago | dealstreetasia.com | Kavitha Nair

Venturi Partners, a growth equity firm focusing on consumer investments in India and Southeast Asia, expects to hit the first close of its second fund by the end of this month. Register now to enjoy 3 free articles per month, or log in to continue reading. Stay informed with complimentary articles each monthGain access to our exclusive newsletters delivered directly to your inboxBe the first to know about all our summits!Register nowAlready a Subscriber?
Vietnamese unicorn VNG writes off invesments in more startups

4 days ago | dealstreetasia.com | Quynh Nguyen

Vietnamese unicorn VNG Corporation has written off its investments in more startups in 2024, including B2B marketplace Telio and logistics player Ecotruck, in addition to the faltering e-commerce company Tiki. Register now to enjoy 3 free articles per month, or log in to continue reading. Stay informed with complimentary articles each monthGain access to our exclusive newsletters delivered directly to your inboxBe the first to know about all our summits!Register nowAlready a Subscriber?
India's Tenet Diagnostics eyes stake sale to fund growth plans, taps Veda for process

4 days ago | dealstreetasia.com | Paramita Chatterjee

Tenet Diagnostics, which offers both radiology and pathology services, is looking to sell a stake in the company to raise capital for its expansion plans. Register now to enjoy 3 free articles per month, or log in to continue reading. Stay informed with complimentary articles each monthGain access to our exclusive newsletters delivered directly to your inboxBe the first to know about all our summits!Register nowAlready a Subscriber?
Digital banking startup Chime targets $11.2b valuation in US IPO

4 days ago | dealstreetasia.com | Arasu Kannagi Basil

Digital banking startup Chime Financial said on Monday it was targeting a valuation of up to $11.2 billion on a fully diluted basis in its long-awaited New York initial public offering, underscoring the growing momentum in the new listings market. San Francisco, California-based Chime and some of its existing shareholders are seeking to raise up to $832 million by offering 32 million shares priced between $24 and $26 apiece.
HSBC to pump $4b into private credit funds

5 days ago | dealstreetasia.com | Iain Withers

Europe’s biggest bank HSBC will inject $4 billion into its private credit funds, amid a wider push by banks into the booming market as profits from traditional lending have come under pressure. HSBC said it will invest the cash into HSBC Asset Management’s (HSBC AM) alternative credit funds, with the aim of attracting additional capital from external investors to build a $50 billion credit fund within five years.
Battery Smart bags $29m funding and other India deals

6 days ago | dealstreetasia.com | Pramugdha Mamgain

Battery swapping startup Battery Smart has secured $29 million in fresh funding as part of its ongoing Series B round, per media reports. Register now to enjoy 3 free articles per month, or log in to continue reading. Stay informed with complimentary articles each monthGain access to our exclusive newsletters delivered directly to your inboxBe the first to know about all our summits!Register nowAlready a Subscriber?
UOB Venture Management betting big on Vietnam’s green consumption

1 week ago | dealstreetasia.com | Quynh Nguyen

UOB Venture Management (UOBVM), the private equity arm of Singapore-based bank UOB, is looking to double down on Vietnam’s consumption sector after acquiring a 12% stake in Bien Hoa Consumer Joint Stock Company (BHC) earlier this month. Register now to enjoy 3 free articles per month, or log in to continue reading.
Beyond The Buyout: From exits to endurance

1 week ago | dealstreetasia.com | Paramita Chatterjee

In this edition, we look at the discount retail segment that has proved to be a strong investment thesis for investors such as Creador; India’s local LPs backing evergreen and resilient themes; and the growing appetite for continuation vehicles.