India’s antitrust watchdog plans to expedite a restarted probe into allegations of anti-competitive behaviour at Amazon.com Inc’s and Walmart Inc’s Flipkart, as it intensifies scrutiny of big-tech firms, two people close to the matter said. The comments come as major U.S. technology firms including Twitter Inc and Facebook Inc are at loggerheads with the government… Continue reading India’s antitrust watchdog to expedite Amazon, Flipkart probe
Author: Deal Street Asia Online News
Excelsior Capital Vietnam strikes first deal with investment in Hasaki …
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India: Flexmoney raises $4.8m funding led by Pravega Ventures
Flexmoney, a full-lifecycle digital credit network platform for lenders and merchants to offer frictionless, secure checkout finance, has raised $4.8 million in its Series A funding, the company said in a statement. The round was led by Pravega Ventures and saw participation from Silicon Valley-based Z5 Capital. The round also saw participation from several individual… Continue reading India: Flexmoney raises $4.8m funding led by Pravega Ventures
Macquarie Infrastructure signs deal to sell MIC Hawaii unit
Macquarie Infrastructure Corp (MIC) said late on Monday it signed a deal to sell its MIC Hawaii unit to an affiliate of investment manager Argo Infrastructure Partners. The development comes a week after MIC announced plans to sell its private aviation services network Atlantic Aviation. “The terms of the merger agreement correspond to an enterprise value for MIC Hawaii of $514 million including assumed debt and transaction… Continue reading Macquarie Infrastructure signs deal to sell MIC Hawaii unit
Alibaba Health-backed medical data company LinkDoc files for US IPO …
LinkDoc Technology Ltd, a medical data company backed by a subsidiary of Alibaba Health Information Technology Ltd, filed for an initial public offering in the United States on Monday. The Beijing-based company, which offers cancer-focused healthcare services, reported a 41% jump in revenue for the three months ended March 31, according to the filing. For… Continue reading Alibaba Health-backed medical data company LinkDoc files for US IPO …
Carsome said to be in talks to raise over $200m, may become Malaysia’s second unicorn
Premium Southeast Asian used car trading platform Carsome is in talks with investors to raise over $200 million in a pre-IPO round, multiple sources aware of the matter told DealStreetAsia. The round will value Carsome at over $1 billion, making it the first Malaysia-born unicorn since ride-hailing giant Grab. Go to Source
SG automotive marketplace Carro raises $360m led by SoftBank to become a unicorn
Singapore-headquartered Carro has announced the completion of a $360 million Series C funding round led by SoftBank Vision Fund 2, making it the first automotive marketplace unicorn in Southeast Asia. Notable investors in this round of financing include several prominent Indonesia-based funds such as EV Growth, according to a statement, according to a press release… Continue reading SG automotive marketplace Carro raises $360m led by SoftBank to become a unicorn
Indonesia aims to sell only electric-powered cars, motorbikes by 2050
Indonesia aims to sell only electric cars and motorcycles by 2050 to replace vehicles powered by combustion engines, the country’s energy minister said on Monday, as the Southeast Asian country seeks to reduce its carbon emissions. All motorcycles sold from 2040 will be electric-powered, while all new cars sold from 2050 will be electric vehicles (EVs),… Continue reading Indonesia aims to sell only electric-powered cars, motorbikes by 2050
Qualgro leads $9m funding in Convosight and eight more India deal updates
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People Digest: JustCo appoints CFO; Azqore inducts board members
Singapore-based co-working firm JustCo has appointed former managing director and chief financial officer of Mercatus Co-operative Ltd as its CFO. In a separate development, Swiss-based Azqore has made key appointments to its executive board. JustCo ropes in Mercatus Co-operative ex-MD as CFO Singapore-based co-working firm JustCo announced the appointment of Loke Huey Teng as its… Continue reading People Digest: JustCo appoints CFO; Azqore inducts board members