Nikkei acquires majority stake in DealStreetAsia
April 27, 2019 ‒– Nikkei Inc announces today that it is acquiring a majority stake in DealStreetAsia, a Singapore-‑headquartered startup that tracks private equity and venture capital activity, deal flows, fundraising and startups across Southeast Asia and India.
The deal allows Nikkei Group, which owns the Financial Times (FT) and publishes the English-‑language Asian news title Nikkei Asian Review (asia.nikkei.com), to deepen its coverage of the Asian startup ecosystem and tech industries ‒– the fastest-‑growing sectors in the region. The acquisition also strengthens Nikkei and FTʼ’s existing corporate news and data service scoutAsia (www.scout.asia/en-‑gb/).
Naotoshi OKADA, President and CEO of Nikkei Inc. said: “I am delighted to welcome DealStreetAsia to Nikkei Group as our new partner. Together, we will expand and deepen our reporting of the thriving Asian technology and startup 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 help us accelerate our mission of helping 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 Nikkeiʼ’s publications and group of companies such as the FT, Nikkei Asia Review and scoutAsia.” Launched in late 2014, DealStreetAsia (www.dealstreetasia.com) focuses on deal breaks, interviews, and big picture coverage of the startup investment landscape in Southeast Asia and India. Its successful editorially-‑led events business attracts the regionʼ’s top private equity, venture capital and M&A executives and startup founders, with the flagship Asia PE-‑VC Summit (https://events.dealstreetasia.com/sg2019/) held every September in Singapore.
Note to editors: Embargoed until 2 pm Singapore time Among the existing investors in DealStreetAsia, Indian business daily Mint, published by Hindustan Times, continues to be a minority shareholder. Other shareholders, including SPH Ventures, North Base Media, Alpha JWC, Ozi Amanat’s K2 VC, SGAN, and angel investors such as Paytm CEO and founder Vijay Shekhar Sharma and chairman of Rogers Holdings, Jim Rogers, among others, have all agreed to exit.
