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FountainVest Sees Fund Three Close with $2.1 Billion (U.S.)
FountainVest Partners announces the successful completion of its third fund (FountainVest China Capital) with a total capital commitment of $2.1 Billion (U.S.). Due to the oversubscription, the fund attracted exceptional support from current investors along with new institutional investors which included insurance companies, sovereign wealth funds, and pension plans from Europe, the Middle East, North […]
KWAP Invests RM124mil In Uber
Uber, a non-traditional asset, has just seen the investment of RM124mil by KWAP, Kuala Lumpur’s second largest pension fund. Following in the footsteps of Khazanah Nasional’s investment in tech start-ups seems to be the fuel behind Retirement Fund, Inc. (KWAP) investment of $30 million (U.S.) into the modern car-hailing Uber app. The recent round of […]
Three Deals Emerge In Singapore: SMRT-Cyclect Joint Venture; PSL Raises Funds; Asiamedic In M&A Discussions
SMRT, alongside Cyclect Electrical of JV SMRT Corporation have established a joint venture company in conjunction with Cyclect Electrical Engineering. Cyclect Electrical Engineering is a Singapore-based business which serves the industrial plant building industry including offshore, marine, transport and logistic segments of the industry. The newly formed joint venture, known as SMRT-Cyclect Power, will establish […]
Malaysia’s Instant Delivery Startup, RunningMan Raises US$40K Within 24 Hours
Reaching their targeted amount of RM175K (approximately US$40K) within 24 hours of their pitchIN Equity Crowdfunding, public attention has been centred on a Malaysian logistics startup company known as RunningMan. A platform that offers instant delivery services, RunningMan caters the needs of those that wish to save a trip to their nearby shops or restaurants […]
Grab Raises US$750 Million In Funding To Go Up Against Uber Southeast Asia Expansion
Grab, formerly known as GrabTaxi and the largest company rivaling Uber in Southeast Asia has raised an amount of US$750 million in their Series F investment rounds. The oversubscribed funding was said to be led by Japan’s SoftBank and China’s Didi Kuaidi. This achievement is quite the milestone for the company which has launched in […]