In addition, Singapore’s cross-border payment startup Nium plans to raise US $ 100 million; Transsion Holdings’ registered capital has increased to 800 million yuan.
Southeast Asia
Lazada and Citibank launch joint credit cards in Singapore. According to Tech in Asia, Lazada and Citibank announced that they will launch the Citi Lazada Credit Card in Singapore. It is reported that the launch of the Citi Lazada Credit Card is an extension of the regional partnership Lazada and Citibank started in Singapore in 2015. Their goal is to add 500,000 new credit cards in Southeast Asia in the next few years.
Singapore’s cross-border payment startup Nium plans to raise $ 100 million. According to DealStreetAsia, the company plans to raise $ 100 million in Series D funding, according to people familiar with the matter. It is reported that Nium was formerly known as InstaRem. InstaRem was established in 2015 and is mainly engaged in cross-border payment business. To expand its business globally, the brand renamed InstaRem to Nium at the end of October this year.
Softbank led a $ 15 million Series B round in Singapore-based fashion rental platform Style Theory. According to Tech in Asia, this round of funding was led by SoftBank Ventures Asia, an early-stage venture capital arm of SoftBank Group, with other investors such as Alpha JWC Ventures and Paradise Group participating.
Fruitas, a food and beverage kiosk operator in the Philippines, has confirmed that $ 2.6 million of the IPO fundraising will be used for acquisitions of other food companies. According to DealStreetAsia, after raising $ 20 million, Fruitas has confirmed that it will complete the acquisition of several food companies by the end of this year to next year. Fruitas was founded in 2002 and has grown to have more than 900 stores in the country.
The Tesco Group in the UK is considering selling supermarkets in Thailand and Malaysia. According to a Sina Financial report, according to sources, the British supermarket chain Tesco is considering selling its supermarket operations in Thailand and Malaysia. People familiar with the matter said the deal could value the company’s supermarket operations in Thailand and Malaysia at $ 9 billion. Tesco spokesman Simon Lu declined to comment on the valuation.
India
India chemical manufacturerRossari Biotech plans a $ 100 million IPO. According to DealStreetAsia, people familiar with the matter revealed that the company will submit a draft IPO prospectus next week. It is reported that Rossari Biotech was founded in 1996. The company’s main products include specialty chemicals, animal health and nutrition, and home and personal care chemicals.
Accommodation leasing platform “ZoloStays” has completed $ 7 million in Series C financing. According to Global Travel News, India ’s shared accommodation and housing rental platform “ZoloStays” recently completed a $ 7 million Series C financing led by venture capital firm Trifecta Capital. ZoloStays plans to use this funding round to strengthen product innovation and expand its business to new cities such as Indore, Nagpur, Nasik and Chandigarh by 2020. Trifecta managing partner Nilesh Kothari said ZoloStays could be profitable in the next 18 months.
Latin America
Marfrig, a Brazilian food processor, launches a global plant-based meat brand. According to a Sina Technology report, sources said that Brazilian food processor Marfrig Global Foods issued a statement saying that a global brand of plant-based meat products would be launched on Monday. The statement said that the delicious burger to be served at Brazilian restaurants will be the first product launched since its brand revolution. The company said that these vegetarian burgers will be sold in local supermarkets next year.
Africa
Transsion Holdings registered capital increased to 800 million yuan. It is learnt that the data of Tianyan Check showed that on December 5, the business entity Shenzhen Transsion Holdings Co., Ltd., the operating entity of Transsion Holdings, changed its business and its capital injection increased from 720 million yuan to 800 million yuan, an increase About 11%.
Others
The amount of funds raised by SoftBank ’s second vision fund may not reach the expected $ 108 billion. According to Inc42, according to a report by The Sunday Telegraph, SoftBank is likely to fail to achieve its goal of raising $ 108 billion for the second vision fund. The report also added that SoftBank Vision Fund II could be 30% smaller than the first fund ($ 100 billion in size). In addition, the report also stated that investors in the fund are concerned about SoftBank’s investment strategy, and in particular SoftBank lost more than $ 47 billion in WeWork’s disastrous defeat.
文 | 云 晞 @ 出海
Edit | 赵小 纯 @ 出海
Picture | Visual China
