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Deal street buoyant: Hits three-year high at $90.4 bn in first 9 months

Deal street buoyant: Hits three-year high at $90.4 bn in first 9 months

Tiki raises $20 mln from Taiwanese investors - VnExpress International

E-commerce platform Tiki has raised $20 million from telecom operator Taiwan Mobile in return for a 2.7 percent stake in Tiki Global. - VnExpress International

Bulls may be fatigued on Dalal Street, but racing ahead on Deal Street

Bulls may be fatigued on Dalal Street, but racing ahead on Deal Street SECTIONS Share Synopsis India saw 161 deals worth over $13 billion in April, out of which 30 accounted for an aggregate value of $5 billion, says a report by consultancy firm Grant Thornton. Agencies Analysts attributed the spike in deal activity to the emergence of the digital theme. NEW DELHI: Dalal Street may have turned choppy as India wrestles a devastating second wave of the Covid pandemic, but Deal Street is seeing brisk activity with private equity investments and merger & acquisitions hitting a decadal high in April. India saw 161 deals worth over $13 billion in April, out of which 30 accounted for an aggregate value of $5 billion, says a report by consultancy firm Grant Thornton.

Yuanbao Scores $144.8 Million Funding Round for Marketplace Offering

The Chinese insurance marketplace uses AI to match consumers with suitable coverage options. And its digital-first solution can help bridge China's insurance gap, especially since the life and health insurance market is set to grow. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry. Learn more about becoming a client. Yuanbao raised nearly 1 billion yuan ($144.9 million) in a Series C funding round that was led by Source Code Capital and included Cathay Capital and Hike Capital,  per Deal Street Asia. Chinese insurtech raises mega-round. Insider Intelligence The insurtech only launched last year and holds a national insurance brokerage license. It operates as a marketplace, selling coverage options from third-party insurers. It will use the fresh capital to fund the R&D of its core technologies and build smart insurance services.

Chinese insurtech raises mega-round for marketplace offering

Chinese insurtech raises mega-round for marketplace offering Download Share Yuanbao raised nearly 1 billion yuan ($144.9 million) in a Series C funding round that was led by Source Code Capital and included Cathay Capital and Hike Capital, per Deal Street Asia. The insurtech only launched last year and holds a national insurance brokerage license. It operates as a marketplace, selling coverage options from third-party insurers. It will use the fresh capital to fund the R&D of its core technologies and build smart insurance services. Despite its recent launch, Yuanbao has already onboarded millions of users with the help of its network of third-party insurers. Yuanbao has teamed up with domestic insurers including Huaxia Life Insurance, China Life Insurance, Sunshine Insurance, and People’s Insurance Company of China. It uses AI to help consumers find the insurance products that meet their needs, enabling users to access policies all in one place. Additionally, Yuanbao offers health management, insurance consultations, smart underwriting, and claims management assistance. With these offerings, Yuanbao has reportedly attracted millions of paying customers. For context, Waterdrop, which launched its insurance marketplace in 2017, had 19.2 million paying users at the end of last year,

Shopee Owner Doubles Revenues, Plots LATAM Expansion

Stocks in focus today: Mrs Bectors, Antony Waste, RIL, Bharti Airtel, Vodafone Idea, HDFC, DHFL

Chinese Biotherapeutics Firm Transcenta Bags $105 Million From Sequoia, LAV, and Others

Chinese Biotherapeutics Firm Transcenta Bags $105 Million From Sequoia, LAV, and Others Liya Su / Dec 24, 2020 04:45 PM / Business & Tech Chinese global biotherapeutics company Transcenta Holding Limited, which had raised an undisclosed equity financing from China Capital Management in June this year, said on Wednesday that it has garnered $105 million in a crossover financing led by China Structural Reform Fund. The latest round attracted a slew of new investors including Qatar Investment Authority, Chinese property developer Country Garden Venture Capital, and others. Existing backers Sequoia Capital China, life science-focused Lilly Asia Ventures (LAV), China Merchants Capital’s sub-fund CCT China Merchants Fund, and Teng Yue Partners also joined the round, the investee said in a statement.

Thanks to Reliance, Deal Street grows 7% in value to $80 bn in 2020: Report

Despite the coronavirus pandemic and the resultant ravaging of the global economy, the Deal Street managed to grow 7 per cent in 2020 over 2019 to about USD 80 billion across 1,268 transactions, thanks to a string of big-ticket deals by Reliance, according to a report. More than a third of the total deal came through Reliance -- into Jio Platforms and Reliance Retail, according to the data collated by PwC India. While Reliance Jio attracted FDI worth USD 10.2 billion led by Facebook, Reliance Retail also got billions in foreign direct investment (FDI) in the second half. All other FDIs put together totalled just USD 3.2 billion.

Reliance: Thanks to Reliance, Deal Street sees 7% rise in value to $80 bn in 2020: Report

Explore Now Despite the coronavirus pandemic and the resultant ravaging of the global economy, the Deal Street managed to grow 7 per cent in 2020 over 2019 to about USD 80 billion across 1,268 transactions, thanks to a string of big-ticket deals by Reliance, according to a report. More than a third of the total deal came through Reliance -- into Jio Platforms and Reliance Retail, according to the data collated by PwC India. While Reliance Jio attracted FDI worth USD 10.2 billion led by Facebook, Reliance Retail also got billions in foreign direct investment (FDI) in the second half. All other FDIs put together totalled just USD 3.2 billion.