“They are ready to file DRHP. Final touches are being put on the document. It should happen in the next 10-15 days. This will be the first online auto classifieds company to go public in India,” the first person cited above said, requesting anonymity as he is not authorized to speak with the media. CarTrade… Continue reading Indian auto classifieds firm CarTrade to soon file for $266m IPO
Author: Deal Street Asia Online News
Vietnam’s B2B trucking startups reset business focus to offset pandemic slowdown
Premium Vietnam’s ‘Uber-for-truck’ startups operating in the B2B space are prioritising profitability and sustainability and chasing new business avenues as they weather the adverse impact of the global pandemic-induced supply chain disruptions. Go to Source
Indonesian ride-hailing giant Gojek to completely switch to electric vehicles by 2030 …
Indonesian ride-hailing startup Gojek plans to make every car and motorcycle on its platform an electric vehicle (EV) by 2030 through partnerships with manufacturers and favourable leasing arrangements, co-Chief Executive Kevin Aluwi told Reuters. Gojek announced the plan on Friday under a zero-emission pledge laid out in its first annual sustainability report, which analysts widely… Continue reading Indonesian ride-hailing giant Gojek to completely switch to electric vehicles by 2030 …
SIG leads $70m Series C round for Chinese auto marketplace YIAUTO …
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 SIG leads $70m Series C round for Chinese auto marketplace YIAUTO …
China Digest: Hepagene nets $40m; Temasek backs drone startup EAVision
Chinese firms Hepagene Therapeutics and EAVision Technologies have raised fresh funding. Temasek backs EAVision in Series C Suzhou-headquartered Chinese agricultural drone startup EAVision Technologies has secured $30 million in its Series C round co-led by Singapore’s state investor Temasek. State-backed CITIC Agriculture along with Chinese agrifood tech VC Bits x Bites also joined as the… Continue reading China Digest: Hepagene nets $40m; Temasek backs drone startup EAVision
China’s EV firm Jidu Auto to invest $7.7b in ‘robot’ smart cars
Jidu Auto, an electric vehicle venture between China’s tech giant Baidu and Chinese automaker Geely, aims to plough 50 billion yuan ($7.7 billion) into producing smart cars over the next five years, its chief executive told Reuters. Xia Yiping said on Friday that the funding would come from Baidu and other investors and Jidu would aim to launch its first electric vehicle (EV) in three years,… Continue reading China’s EV firm Jidu Auto to invest $7.7b in ‘robot’ smart cars
China Digest: Xiaomi plans to invest in Black Sesame; Hillhouse backs Yrobot
Chinese smartphone major Xiaomi is reportedly looking to invest in Black Sesame Technologies while Yrobot has closed its Series A round. Xiaomi plans to invest in Black Sesame Chinese global electronics giant Xiaomi Corporation is considering joining the 1.5 billion yuan ($231 million) funding round for Shanghai-headquartered AI and autonomous driving chipmaker Black Sesame Technologies… Continue reading China Digest: Xiaomi plans to invest in Black Sesame; Hillhouse backs Yrobot
Tokopedia may sell its OVO stake to Grab to speed up merger with Gojek
Login We will never share your information with third parties. If you don’t already have an account click the button below to create your account. Sign up here OR Sign in with Facebook Sign in with Twitter Sign in with Google Sign in with LinkedIn Go to Source
Asia Digest: Australia’s Archistar secures $6m, Kakao acquires VC-backed Zigzag
Australian property intelligence platform Archistar has raised $6 million in funding for expansion, while South Korea’s Kakao Corporation has acquired VC-backed local fashion marketplace Zigzag. Aussie proptech startup Archistar raises $6m Australian property intelligence platform Archistar announced raising $6 million in funding co-anchored by private investment fund Skip Capital and existing investor AirTree Ventures. Launched… Continue reading Asia Digest: Australia’s Archistar secures $6m, Kakao acquires VC-backed Zigzag
Self-driving truck maker TuSimple valued at $8.5b in Nasdaq debut …
Shares of TuSimple Holdings Inc made a lackluster U.S. stock market debut on Thursday, giving the self-driving truck maker a market capitalization of $8.5 billion. TuSimple shares opened at $40.25, marginally higher than their initial public offering (IPO) price of $40 per share. The San Diego, California-based company sold about 27 million shares in its IPO… Continue reading Self-driving truck maker TuSimple valued at $8.5b in Nasdaq debut …