News
India’s Adani Green Energy raises $1.13B to boost capacity
Adani Green Energy Ltd (AGEL), India’s largest renewable energy developer, said its shareholders will invest INR 9,350 crore ($1.13 billion) in the company to boost its capacity. The funds will be utilized for deleveraging and accelerated capital expenditure.
Malaysia’s LiveIn secures $8.3M in pre-Series B funding to accelerate regional expansion
LiveIn, a Malaysia-based proptech firm, has successfully secured $8.3 million in its pre-Series B funding round. The round was led by Wavemaker Partners and InterVest, with participation from Malaysia Debt Ventures Berhad (MDV), Jungle Ventures, and CAC Capital.
Corrective Aesthetics partners Teda Technology to tackle Malaysia’s rising mental health crisis
In response to the escalating mental health crisis in Malaysia, tech firms Corrective Aesthetics Sdn Bhd and Teda Technology Sdn Bhd have announced a groundbreaking collaboration to expand the Remind program, a mobile application that is designed to diagnose users' mental states through voice recordings.
Golden Gate Ventures expands global footprint with first regional MENA office in Saudi Arabia
Golden Gate Ventures, a Singapore-based venture capital fund founded by Silicon Valley natives, has on Monday announced the establishment of their first Middle East and North Africa (MENA) office in Saudi Arabia to strengthen ties between Singapore and MENA, and accelerate the development of the MENA startup ecosystem.
Kitchens@ secures $65M Series C funding from Finnest
Kitchens@, an India-based cloud kitchen startup, has raised $65 million in Series C funding from Finnest, an emerging growth investment firm headquartered in London. The raised funds will be used for expanding the firm's hybrid model, Dinerium.
Whampoa Digital partners Wemade for $100M Web3 fund in Middle East
Whampoa Digital, the digital assets investment arm of Singapore-based Whampoa group, has partnered with South Korean gaming company Wemade for $100 million Web3 Fund and digital asset initiatives in the Middle East. The duo have entered into a strategic partnership to collaborate on the fund, which is to be established by Wemade.
Japan’s Sumitomo Life acquires Singlife 35.48 percent stake for $1.21B
Japan-based Sumitomo Life Insurance Company has entered into an agreement with TPG Inc. to acquire TPG’s 35.48 percent stake in Singapore Life Holdings Pte. Ltd. (Singlife) for SGD 1.6 billion ($1.21 billion). Together with the acquisition of additional stake in Singlife from Aviva Group, Singlife is expected to become a subsidiary of Sumitomo Life.
Blackstone inks deal to acquire Sony Payment Services
American alternative investment management company Blackstone has on Friday announced that it has inked deal to acquire a majority stake in Sony Payment Services Inc. (SPSV), one of Japan’s leading payment service providers. The private equity funds managed by Blackstone have entered into a definitive agreement to acquire the stake with Sony Bank, a…
Malaysia’s TNB partners Sime Darby to accelerate sustainable township development in Malaysia
Malaysian utility firm Tenaga Nasional Berhad (TNB) and property developer Sime Darby Property Berhad have joined forces in a landmark collaboration aimed at expediting sustainable energy projects within Sime Darby Property’s Township developments.
Bursa Malaysia partners RAM Holdings to launch new debt fundraising platform
Bursa Malaysia Berhad and RAM Holdings Berhad, have through a joint venture entity, Bursa Malaysia RAM Capital Sdn Bhd (formerly known as BM RAM Capital Sdn Bhd), on Friday launched a debt fundraising platform. The platform is an alternative fund-raising avenue strategically designed to facilitate listed and unlisted small to mid-sized companies with…
