Zoomcar’s new product launch focused on the business-to-business (B2B) segment comes at a time when mobility startups have been struggling to make money since the demand for public commute and vehicle rentals have reduced by at least 50% in the last few months. Due to the fall in demand, vehicle-sharing startups such as Bounce, VOGO,… Continue reading India: Vehicle rental firm Zoomcar launches telematics software for fleet owners
Author: Deal Street Asia Online News
SG’s Carro raises $11m from Mitsubishi, MS&AD Ventures, others
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 SG’s Carro raises $11m from Mitsubishi, MS&AD Ventures, others
India: Spinny, Myntra in M&A news
Used car retailing platform Spinny, backed by Fundamentum Partnership, SAIF Partners and Accel, among others, has acquired smaller rival Truebil. In a separate development, fashion- and apparel-focussed e-commerce firm Myntra has acquired Bollywood actor Deepika Padukone’s stake in the All About You brand. Spinny acquires smaller rival Truebil Used car retailing platform Spinny, backed by… Continue reading India: Spinny, Myntra in M&A news
Ride-hailer TADA parent MVL bags $5m led by S Korean auto parts maker
Mass Vehicle Ledger (MVL), the company behind blockchain-based ride-hailing service TADA, on Thursday announced that it has raised $5 million in a recent funding round led by Central, a South Korean auto parts manufacturer. With this additional financing, MVL aims to accelerate its plan to supply electric vehicles in Southeast Asia, setting its sights to… Continue reading Ride-hailer TADA parent MVL bags $5m led by S Korean auto parts maker
Vietnam Digest: GoViet makes way for Gojek; Next100 backs Computer Vision
Indonesia’s most valuable startup Gojek officially launched the Gojek app in Vietnam while Next100 has invested $500,000 in Computer Vision Vietnam. Gojek launches its app, brand in Vietnam Indonesia’s most valuable startup Gojek on Wednesday announced the official launch of the Gojek app in Vietnam. The move follows GoViet’s recent announcement that it would unite… Continue reading Vietnam Digest: GoViet makes way for Gojek; Next100 backs Computer Vision
Google’s $2.1b Fitbit deal hits roadblock as EU launches probe
Alphabet unit Google’s bid to take on Apple and Samsung in the wearable technology market by buying Fitbit hit a hurdle on Tuesday as EU antitrust regulators launched an investigation into the $2.1 billion deal. The move by the European Commission on Tuesday came despite Google’s pledge last month not to use the fitness tracker’s… Continue reading Google’s $2.1b Fitbit deal hits roadblock as EU launches probe
Singapore’s Equis Development raises $85m for Asia renewables platform
Equis Development, a renewable energy and waste infrastructure developer controlled by Global Infrastructure Partners (GIP), announced that it has raised 100 billion won ($85 million) with Hana Financial Investment to construct one of the largest waste-to-energy platforms in South Korea. Equis, which has offices in Australia, Korea, Japan, and Singapore, will be constructing the portfolio… Continue reading Singapore’s Equis Development raises $85m for Asia renewables platform
Google to buy stake in home security company ADT for $450m
Alphabet Inc’s Google is picking up a 6.6% stake in ADT Inc for $450 million, betting on the home security company’s strong customer base and an army of technicians to drive sales of its Nest devices. ADT shares nearly doubled to hit a high of $17.2 and traded well above their IPO price of $14 for… Continue reading Google to buy stake in home security company ADT for $450m
Shell Australia to acquire environmental services firm Select Carbon
Royal Dutch Shell’s Australia unit said on Monday it will buy environmental services firm Select Carbon as it seeks to cut back its emissions and expand its low-carbon and renewable power business. Shell did not disclose a value for the deal, but said it will help in contributing towards the company’s ambition of being a “net-zero… Continue reading Shell Australia to acquire environmental services firm Select Carbon
China gathers $12.7b for first green investment fund
An investor group led by China’s Ministry of Finance, Ministry of Ecology and Environment and the city of Shanghai has raised 88 billion yuan ($12.7 billion) for the country’s first dedicated environmental fund. The three parties are leading a group of 26 investors – most of them state-owned entities – to commit capital to the… Continue reading China gathers $12.7b for first green investment fund