India's Pine Labs buys VC-backed Setu
Indian financial technology company Pine Labs, which has raised more than USD 1.5bn in private funding, has acquired VC-backed counterpart Setu.
The transaction is reportedly worth USD 70m-USD 75m. It is Pine Lab’s third acquisition this year, following payments and billing start-up Qfix Infocomm in February and mobile point-of-sale payments...
More on South Asia
Latest News
Asia IPOs gone cold: India edition
A compilation of India-based IPOs - some of them private equity-backed - that have been withdrawn or appear to have fallen behind schedule
China LiDAR specialist Hesai aims for US IPO
Hesai Technology, a China-based developer of sensors used in autonomous driving, is targeting a US listing. Its investors include Lightspeed China Partners, Baidu, Bosch, and Xiaomi.
Indonesia fintech start-up iSeller gets $12m
Indonesia financial technology start-up iSeller, which helps businesses to digitise sales and operations, has raised USD 12m in Series B funding led by Intudo Ventures.
Hillhouse-backed China pet services business seeks US listing
New Ruipeng Pet Group, a China-based pet care services platform that counts Hillhouse Capital as a significant shareholder, has filed for an IPO in the US.