Metabolic fitness startup, Ultrahuman, on Tuesday said it has raised $17.5 million as a part of its Series B funding from Alpha Wave Incubation (AWI), Steadview Capital, Nexus Venture Partners, Blume Ventures and Utsav Somani’s iSeed fund. Marquee founders and angel investors who also participated include Tiger Global’s Scott Schleifer, Nexus Venture Partners’ Sandeep Singhal,… Continue reading India: Wearable startup Ultrahuman raises $17.5m from Alpha Wave, Steadview, others
Author: Deal Street Asia Online News
Philippines’ electric grid operator files for IPO to raise up to $571.4m
Philippines’ Synergy Grid & Development Phils. Inc, majority owner of the country’s electricity grid operator, has applied for an initial public offering (IPO), the corporate regulator said in a statement on Tuesday. Synergy Grid is planning to sell as many as 1.154 billion shares, including the over-allotment option, at 15 to 25 pesos ($0.30 to $0.49) each, allowing the IPO to raise… Continue reading Philippines’ electric grid operator files for IPO to raise up to $571.4m
GIC acquires over 5% in event management firm Eventbrite
Singapore sovereign wealth fund GIC has acquired a 5.05% stake in US-based event management and ticketing website Eventbrite, a filing with the Securities and Exchange Commission showed. As part of the transaction, GIC picked up a total of about 3.81 million shares. Around 3.74 million of those shares have sole voting power, while 75,000 of… Continue reading GIC acquires over 5% in event management firm Eventbrite
Thailand’s Wisesight raises $7m in Series B funding and other SE Asia deals
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Goldman Sachs, Primavera lead $108m round in Chinese medical AI startup Shukun …
Shukun, a Chinese startup that uses AI to power medical imaging diagnosis, has secured 700 million yuan (about $108 million) in a new funding round from a group of investors led by Goldman Sachs and Primavera Capital Group, the firm announced on Monday. The new financing, which was closed by the end of July, also… Continue reading Goldman Sachs, Primavera lead $108m round in Chinese medical AI startup Shukun …
China issues draft rules banning unfair competition in internet sector
Chinese regulators on Tuesday issued a lengthy set of draft regulations for the internet sector, banning unfair competition and restricting the use of user data, the latest move in a crackdown on the country’s powerful tech companies. China has been tightening its grip on internet platforms, citing the risk of abusing market power to stifle competition,… Continue reading China issues draft rules banning unfair competition in internet sector
Asia Digest: ComfortDelGro to list Australia arm; Kydon’s new fund; Next100 launches accelerator
Singapore-based transport operator ComfortDelGro is looking to list its Australian business while Kydon Group has launched fund to address skill-gap among workers. Meanwhile, Vietnamese VC firm Next100 has launched its accelerator. ComfortDelGro to list Australian arm Singapore-based transport operator ComfortDelGro is looking to list its Australian business, ComfortDelGro Corporation Australia, on the Australian Securities Exchange,… Continue reading Asia Digest: ComfortDelGro to list Australia arm; Kydon’s new fund; Next100 launches accelerator
Jack Ma’s Yungfeng Capital co-leads $100m round for self-driving startup QCraft …
Premium QCraft Inc, a self-driving technology startup with operations in China and the US, has secured $100 million in a Series A+ round of financing co-led by Alibaba’s Jack Ma-backed Yunfeng Capital and ex-Tencent Investment head’s Genesis Capital. Go to Source
KKR India Fin Services and InCred Finance agree to merge their lending businesses
Founded in 2016 by Bhupinder Singh, InCred Finance is a tech-enabled lending institution that spans online and offline models across consumer, small businesses, and education lending. KIFS, which was founded in 2009, provides Indian businesses with financing solutions. “Their (KKR) long-term vision and commitment to the India story fits perfectly with InCred’s objective of creating… Continue reading KKR India Fin Services and InCred Finance agree to merge their lending businesses
Monk’s Hill leads $6.3m funding in Singapore-based financing startup Jenfi
Jenfi, a Singapore-based startup that provides up to $500,000 of non-dilutive growth capital to business owners and entrepreneurs, announced raising $6.3 million in a Series A funding round led by Southeast Asia-based venture investor Monk’s Hill Ventures. Golden Equator Ventures and Korea Investment Partners (via the GEC-KIP Fund), 8VC, ICU Ventures, and Taurus Ventures also… Continue reading Monk’s Hill leads $6.3m funding in Singapore-based financing startup Jenfi