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FinAccel calls off $2.5bn reverse merger

FinAccel, a Singapore-headquartered buy now pay later service backed by corporates Singapore Telecommunications, Telkom Indonesia, Telkomsel, Naver and GMO, has scrapped a planned $2.5bn reverse merger due to unfavourable market conditions.

GoTo targets $1.1bn in initial public offering

GoTo, the Indonesia-based amalgamation of ride hailing service Gojek and e-commerce marketplace Tokopedia, plans to raise $1.06bn in an IPO on the Indonesia Stock Market.

Leapmotor looks to Hong Kong flotation possibilities

Leapmotor, the China-headquartered electric vehicle producer that counts corporates Dahua Technology, Shanghai Electric and CRRC among its investors, has filed for an IPO on the Hong Kong Stock Exchange.

SoftBank sells $1bn in Coupang shares

SoftBank has divested $1bn of shares in South Korea-based, New York-listed e-commerce group Coupang.

SentinelOne to acquire Attivo

Cybersecurity technology provider SentinelOne agreed to buy US-based cybersecurity and identity protection software developer Attivo Networks for $617m in cash and stock, allowing exits for semiconductor distributor Macnica and telecommunications company Singtel.

Zomato links to Blinkit in $750m deal

Restaurant listings and food delivery service Zomato has agreed to acquire rapid delivery service Blinkit, in an all-stock deal valued between $700m and $750m.

ConsenSys collects $450m in series D round

US-based blockchain technology provider ConsenSys secured $450m in series D funding from investors including SoftBank’s Vision Fund 2, software provider Microsoft and talent agency United Talent Agency (UTA) at a $7bn valuation.

Knock opens doors to $220m

US-based property purchase finance provider Knock received $220m in equity and debt financing from investors including financial services firm First American Financial and real estate trade organisation National Association of Realtors.

Vestaire Collective to scoop up Tradesy

US-based luxury fashion marketplace Tradesy agreed to a takeover by luxury fashion e-commerce platform Vestaire Collective for an undisclosed sum, allowing conglomerate Virgin Group to exit.

SoftBank turns $100m Opportunity Fund evergreen

SoftBank it is converting its $100m SB Opportunity Fund to an evergreen vehicle to continue investing in underrepresented founders.

Luno launches investment arm to support crypto

UK-based digital assets services provider Luno unveiled a corporate venturing unit to invest in crypto and financial technology, effectively taking over the seed-stage investment activity of parent company Digital Currency Group (DCG).

OTA Insights books Transparent acquisition

Transparent, a Spain-based provider of data for short-term rentals, has been purchased by hospitality business intelligence provider OTA Insight for an undisclosed sum, allowing air carrier JetBlue to exit.

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Rivian motors to $11.9bn IPO

US-based electric truck developer Rivian went public on the Nasdaq Global Select Market in an $11.9bn IPO that marked the exits for corporates Amazon, Ford, Cox Enterprises, Sumitomo and Abdul Latif Jameel.

Paytm puts together $2.5bn IPO

One97 Communications, the owner of payments service Paytm, is set to raise $2.5bn in its IPO.

Nykaa nabs $721m in initial public offering

FSN E-Commerce Ventures, the corporate-backed operator of fashion e-commerce platform Nykaa – an online beauty, personal and pet care product marketplace that also offers its goods through more than 80 brick-and-mortar retail partners across India – secured more than $721m in its initial public offering.

PharmEasy fishes for $842m in IPO

API Holdings the corporate-backed owner of India-based digital drugstore operator PharmEasy, filed for an IPO equal to $842m on the Securities and Exchange Board of India.

DoorDash orders up $8.1bn Wolt acquisition

Online food ordering service DoorDash agreed to acquire Wolt, a Finland-based food and consumer delivery service that counts internet group Prosus as an investor, in a €7bn ($8.1bn) all-share deal.

GoTo gets $1.3bn in pre-IPO funding

GoTo Group, the Indonesia-based company formed by the merger of e-commerce marketplace Tokopedia and ride hailing service Gojek, reportedly secured over $1.3bn from investors including Google and Tencent as it prepares to go public at a valuation of up to $30bn.

Xiaohongshu sells corporates on $500m round

China-based social commerce app developer Xiaohongshu has reportedly raised $500m from investors including internet group Tencent and e-commerce firm Alibaba.

Lime scoots to $523m in financing

US-based urban mobility service Lime – which provides electric scooter and bicycle rental services in 120 cities worldwide – has raised $523m in convertible debt and term loan financing from investors including ride hailing service Uber.

FTX, Solana and Lightspeed launch $100m fund

Cryptocurrency exchange FTX and US-headquartered public blockchain platform developer Solana’s corporate venturing unit, Solana Ventures, have launched a $100m gaming fund with venture capital firm Lightspeed Venture Partners.

Cadenza catches investors for $50m crypto fund

US-based venture capital firm Cadenza Ventures has raised $50m for an early-stage cryptocurrency-focused vehicle anchored by mutual fund manager VanEck Associates.

Emerson establishes $100m investment fund

Emerson, a US-headquartered producer of manufacturing automation technology, has launched a $100m corporate venturing vehicle called Emerson Ventures, with plans to deploy that capital over the next five years.