Tuesday, June 02, 2020

Nikkei invest in Singaporean private equity start-up

Apr 29. 2019
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By The Nation

Nikkei Inc announced on Monday that it is acquiring a majority stake in DealStreetAsia, a Singapore-headquartered start-up that tracks private equity and venture capital activity, deal flows, fundraising and start-ups across Southeast Asia and India.

 

The deal allows Nikkei Group, which owns the Financial Times (FT) and publishes the English-language Nikkei Asian Review to deepen its coverage of the Asian start-up ecosystem and tech industries – the fastest-growing sectors in the region. The acquisition also strengthens Nikkei and FT’s existing corporate news and data service scoutAsia. 

Naotoshi Okada, president and chief executive of Nikkei Inc. said: “I am delighted to welcome DealStreetAsia to the Nikkei Group as our new partner. Together, we will expand and deepen our reporting of the thriving Asian technology and start-up landscape, with a strong focus on developing the editorial offering at Nikkei Asian Review, a key product in our global strategy.”

Joji Thomas Philip, Founder and Editor-in-chief of DealStreetAsia said: “Joining forces with Nikkei will assist us in accelerating our mission to help the PE-VC industry and dealmakers understand the changing megatrends in this space. As we expand our reportage across Asia, we look forward to greater collaboration across Nikkei’s publications and group of companies such as the FT, Nikkei Asia Review and scoutAsia.”

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