News: India News, udaipur news, udaipur local news, Business & Political News, National & International News | Udaipur Kiran - Part 1430

Lotte Accelerator to invest in more Vietnamese startups in 2018

5/2/2018 – Lotte Accelerator, a startup booster from South Korea is looking to expand and diversify its investment capital in the Vietnam ecosystem this year. Jin Sung Rhee, the CEO of Lotte Accelerator said, “We have completed our commitment to invest US$1 million in Vietnam’s startup ecosystem through a partnership …

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Creador-backed RedCap Pharmacy forms merger with BIG Pharmacy

8/2/2018 – Creador-owned Malaysian retail pharmacy chain RedCap Pharmacy has on Tuesday announced that it is merging with local pharma retailer BIG Pharmacy. Creador’s founder and chief executive Brahmal Vasudevan confirmed the deal and noted that the PE firm has a significant minority position in the combined entity. He, however, …

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Thai financial startup Masii raises US$2.43 million series A round

12/2/2018 – Masii, a dot-com startup that provides an online comparison platform for financial products has today completed its series A round raising 77 million baht, that translates to about US$2.43 million. According to Masii’s co-founder and CEO Max Meyer, this funding round is led by Thai conglomerate B. Grimm, …

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SGX-listed recruitment platform makes first startup investment in Glints

13/2/12018 – HRnetGroup Limited, a publicly-listed traditional recruitment company based in Singapore has made its first investment in a technology startup Glints, a job platform that is focused on young professionals and graduates. The investment is worth S$500 000, in which Glints will use to grow its networks of professionals …

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NRF, Temasek to commit US$76 million for IP commercialization

21/2/18 – Singapore’s state investor Temasek Holdings and National Research Foundation (NRF) have committed S$100 million (about US$ 75.9 million) in an effort to support the commercialization of intellectual property (IP) from publicly-funded research. The announcement was made during the Singapore Budget 2018, and sees the S$100 million venture co-funded …

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An Phat Holdings receives US$15.6 million investment from Valuesystem

22/2/2018 – An Phat Holdings, a plastic and packaging producer in Vietnam announced yesterday that it has secured an investment of VND 353 billion (about US$15.6 million) from Korea’s asset management company Valuesystem. The funding is part of the company’s plans to raise US$200 million to support its growth over …

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Malaysia’s Cloudaron to acquire realtors8 for US$3.2 million

Cloudaron Group, a cloud service company based in Kuala Lumpur has entered into an agreement with ASX-listed 8common Limited for the acquisition of its subsidiary firm realtors8, for SGD4.23 million (about US$3.2 million) The transaction is expected to be completed by the second quarter of 2018 where realtors8 will become …

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Anthem Asia raises US$40 to US$50 million for Myanmar SME Venture Fund

26/2/2018 – Private equity firm Anthem Asia announced recently that it is raising US$40 to US$50 million for its Myanmar SME Venture Fund to support the national and regional expansion of local businesses. Their investment will focus on small and medium enterprises, agribusiness, affordable housing, health, education, as well as …

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Dymon Asia PE to close second SE Asia fund at US$420 million

27/2/2018 – Dymon Asia PE, the investment arm of Dymon Asia Capital (Singapore) is likely to close its second PE fund at between US$420 to US$430 million. This follows the first close of its second vehicle – Dymon Asia Private Equity (SE Asia) Fund II – at US$325 million in …

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Indonesian P2P firm UangTeman to raise up to US$20 million Series B

28/2/2018 – Indonesian peer-to-peer lending platform UangTeman announced today that it is set to raise a Series B financing round by mid-2018, claiming that it would be one of the largest rounds for a fintech firm in Southeast Asia. According to UangTeman Founder and CEO Aidil Zulkifli, the financing round …

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SGX to see first fintech listing on Catalist board with Ayondo IPO

28/2/2018 – After a failed reverse takeover (RTO) involving Starland Holdings last year, European social-trading broker Ayondo Ltd has changed its course to become the first financial technology (fintech) enterprise to list on the Catalist growth board of the Singapore Exchange (SGX). Ayondo’s Chief Executive Robert Lempka said in an …

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