In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading Tencent to reposition short-video app Weishi to focus on movie content
Author: Deal Street Asia Online News
S Korean investor STIC beefs up venture deals in Vietnam, backs Coolmate
Nguyen Hue, Vietnam. Photo: Peter Nguyen/unsplash Premium South Korea-based investment firm STIC Investments, which has a strong presence in Vietnam’s private equity space, is scouting for more venture deals to tap into the country’s fast-growing startup ecosystem. Go to Source
Auto battery maker LG Energy Solution seeks nod for South Korean IPO …
Auto battery maker and Tesla Inc supplier LG Energy Solution (LGES) applied for preliminary approval of an initial public offering (IPO) that publication IFR said could raise $10 billion-$12 billion in South Korea’s biggest ever listing. LGES and the Korea Exchange announced the application for approval of the previously flagged IPO on Tuesday, without mentioning its size. IFR… Continue reading Auto battery maker LG Energy Solution seeks nod for South Korean IPO …
Malaysian palm oil giant KLK offers $372m for majority in IJM Plantations
Malaysian palm oil giant Kuala Lumpur Kepong (KLK) Bhd has proposed to acquire IJM Corporation Bhd’s entire stake in IJM Plantations Bhd for 1.53 billion ringgit ($371.72 million) in cash, the companies said on Wednesday. IJM Corp said it has received a letter from KLK, one of the largest palm oil planters in the country, offering… Continue reading Malaysian palm oil giant KLK offers $372m for majority in IJM Plantations
AI-powered Indian logistics platform Shyplite raises $1m from N+1 Capital
The company was bootstrapped in 2015, with investment from its founding members Nisschal Jain (Managing Partner), Sugam Jain (CEO) and Parinay Itkan (COO), and launched exactly five years ago on 9th June, 2016. Shyplite helps businesses automate their logistics and increase shipping efficiency by providing a single-window platform integrated with multiple carriers. The company said… Continue reading AI-powered Indian logistics platform Shyplite raises $1m from N+1 Capital
India: Zomato elevates former CFO Akriti Chopra as co-founder and chief people officer
Chopra took over the role of people development at Zomato last October, after the company appointed Akshant Goyal as its newest CFO, in the run-up to its IPO. “Akriti has been here (at Zomato) for almost a decade. She has undying commitment to Zomato, and our well-being. She has been one of the strongest pillars… Continue reading India: Zomato elevates former CFO Akriti Chopra as co-founder and chief people officer
US private equity major TPG invests $80m in India’s Zenoti at $1.5 billion valuation …
Bellevue- and Hyderabad-based SaaS startup Zenoti has secured an additional $80 million as part of its Series D funding round led by TPG, a global alternative asset firm that has invested in leading technology companies such as Airbnb, Kajabi, Toast, and Uber, per a company statement. Zenoti, which makes software for spas and salon chains,… Continue reading US private equity major TPG invests $80m in India’s Zenoti at $1.5 billion valuation …
SoftBank-backed US food delivery firm DoorDash enters Japan
US food delivery firm DoorDash Inc, which is backed by SoftBank Group Corp, announced the launch of services in Japan on Wednesday, joining an increasingly crowded market that has grown during the COVID-19 pandemic. Services will be initially limited to the city of Sendai in Miyagi prefecture, the money-losing delivery firm told reporters, in a step that… Continue reading SoftBank-backed US food delivery firm DoorDash enters Japan
China’s Oriental Space secures funding from Matrix, Sequoia, others
China’s Oriental Space on Wednesday announced raising 400 million yuan ($63 million) in its two tranches in its angel round, the first one being closed last year. Investors who have backed the space technology firm are Matrix Partners China, tech bellwether Sequoia Capital China – they have led the angel+ round. Others who pumped in capital… Continue reading China’s Oriental Space secures funding from Matrix, Sequoia, others
SiCepat taps electric vehicle space in JV with NFC Indonesia, buys EV maker Volta
Indonesian logistics company SiCepat has entered the electric vehicle (EV) business through a joint venture with NFC Indonesia, a subsidiary of the listed digital company M Cash Integrasi, the companies announced in a statement. The deal marks the latest tie-up between SiCepat and M Cash. Both companies have been making investments into each other’s subsidiary… Continue reading SiCepat taps electric vehicle space in JV with NFC Indonesia, buys EV maker Volta