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
Author: Deal Street Asia Online News
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
Indian green energy company Greenjoules snags $4.5m from Blue Ashva Capital …
Greenjoules Pvt. Ltd., a Pune-based green energy technology company, has raised $4.5 million (about Rs33 crore) in its Series A funding round from Blue Ashva Capital through its Blue Ashva Sampada Fund. The funds raised are a combination of equity and debt and will be utilised to set up commercial scale waste-to-energy plants and invest… Continue reading Indian green energy company Greenjoules snags $4.5m from Blue Ashva Capital …
Deals Digest: Japan’s SmartHR bags Series D; Blue Planet buys Qube
Japanese HR software firm SmartHR has bagged its Series D funding round while Singapore-based Blue Planet has acquired UK-registered Qube Renewables Ltd. SmartHR secures Series D funding Japanese human resource (HR) software firm SmartHR has secured 15.6 billion yen ($142.5 million) in its Series D funding round led by US-based Light Street Capital, according to… Continue reading Deals Digest: Japan’s SmartHR bags Series D; Blue Planet buys Qube
China Digest: Webull mulls $400m US listing; Genhouse Pharma nabs $31m …
Online brokerage Webull is reportedly considering an initial public offering in the US to raise up to $400 million, while Genhouse Pharmaceutical has secured over 200 million yuan ($31 million) in a Series A round of financing led by Shenzhen Capital Group. Online broker Webull weighs $400m US IPO Chinese online brokerage Webull is considering… Continue reading China Digest: Webull mulls $400m US listing; Genhouse Pharma nabs $31m …
Vietnam’s Mekong Capital invests $10m in water purifier maker Mutosi Group
Vietnam-based private equity firm Mekong Capital has invested $10 million in the water purifiers manufacturer and distributor Mutosi Group, according to a statement on Wednesday. This investment was made through Mekong Enterprise Fund IV (MEF IV), Mekong Capital’s largest fund which secured its final close earlier this year at $246 million. Mutosi Group specialises in… Continue reading Vietnam’s Mekong Capital invests $10m in water purifier maker Mutosi Group
Leading crypto exchanges weigh India foray despite potential ban
Global digital currency exchanges are exploring ways to set up in India, following in the footsteps of market leader Binance, industry sources told Reuters, while the government in New Delhi dithers over introducing a law that could ban cryptocurrencies. Opponents of the potential ban say it would stifle the economic power of a tech-savvy, young… Continue reading Leading crypto exchanges weigh India foray despite potential ban
People digest: Razer’s Edwin Chan joins Carousell; Plenary names fund management chief
Razer’s former chief investment officer Edwin Chan will be the new CFO at Southeast Asian classifieds marketplace Carousell, while Australian public infrastructure investor and developer Plenary Group has picked Julie-Anne Mizzi to helm its new funds management business. Former Razer CIO to take over as CFO at Carousell Gaming company Razer’s former chief investment officer… Continue reading People digest: Razer’s Edwin Chan joins Carousell; Plenary names fund management chief
Alibaba Cloud earmarks $1b for investments in Asian tech startups …
Alibaba Cloud, the digital technology and intelligence division of Alibaba Group, has announced it will invest $1 billion to support startups in the Asia-Pacific region over the next three years. The $1-billion commitment will be the initial funding for Project AsiaForward, an initiative that seeks to cultivate a million-strong digital talent pool, support 100,000 developers,… Continue reading Alibaba Cloud earmarks $1b for investments in Asian tech startups …