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 Singapore logistics startup Haulio bags $2.7m funding and other SE Asia deals
Author: Deal Street Asia Online News
India: Maruti Suzuki, IIM Bangalore to jointly mentor 26 startups
Maruti Suzuki India Limited and the Indian Institute of Management Bangalore (IIMB) will jointly nurture and mentor 26 startups in the mobility sector through up to a nine-month long incubation program. The two organisation said the selected startups will undergo a three-month pre-incubation journey during which they will be engaged in various peer-to-peer learning activities… Continue reading India: Maruti Suzuki, IIM Bangalore to jointly mentor 26 startups
VinTech-backed Spanish phone maker BQ files for bankruptcy
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Chinese new energy solutions provider SVOLT closes $541m Series A round
SVOLT Energy Technology, a Chinese developer of electric vehicle (EV) batteries and energy storage solutions, has pocketed a total of 3.5 billion yuan ($540.8 million) in a Series A round of financing. The new round was led by Bank of China Group Investment, a Hong Kong-incorporated direct investment arm of Bank of China (BOC), and… Continue reading Chinese new energy solutions provider SVOLT closes $541m Series A round
Singapore Digest: GetGo launches carsharing fleet, Her Capital invests in Neufast
GetGo, a Singapore-based carsharing platform, has launched its services in the country while Her Capital has announced its first investment in Hong Kong-based human resource (HR) tech startup Neufast. GetGo to roll out 400 vehicles in Singapore GetGo, a Singapore-based carsharing platform, announced its launch on Thursday and said it will be rolling out 400… Continue reading Singapore Digest: GetGo launches carsharing fleet, Her Capital invests in Neufast
Chinese intelligent auto maker ECARX raises $200m at over $2b valuation
ECARX, an intelligent auto solutions provider backed by Chinese automaker Geely, has raked in over $200 million in a Series A+ round of financing led by state-owned China Venture Capital Fund, the startup announced on Thursday. In a statement, the startup said that it is gearing up for an all-around business expansion into the international… Continue reading Chinese intelligent auto maker ECARX raises $200m at over $2b valuation
Didi’s bike-sharing unit Qingju rakes in $600m in Series B round
Qingju, the bike-sharing unit of Chinese ride-hailing giant Didi Chuxing, has raised $600 million in its Series B round of financing and is set to raise another $400 million in loans, DealStreetAsia has learnt. The development was first reported by 36Kr, the Chinese-language media platform of Nasdaq-listed 36Kr Holdings, that cited sources privy to the… Continue reading Didi’s bike-sharing unit Qingju rakes in $600m in Series B round
India: CarDekho seeks to raise funds to expand its used car retail biz
CarDekho, the online portal for new and used car sales, plans to raise funds to expand its used car retail business in certain metro and non-metro cities, said Amit Jain, co-founder and CEO of the startup. However, CarDekho is yet to decide on an investment bank to conduct the fundraising round. According to Jain, the… Continue reading India: CarDekho seeks to raise funds to expand its used car retail biz
Carlyle invests $200m in South Korea’s Kakao Mobility at $3.1b valuation
Carlyle Group Inc agreed to invest $200 million in South Korea’s Kakao Mobility, valuing the firm at 3.42 trillion won ($3.09 billion), Kakao Mobility said on Thursday. Kakao Mobility is the transportation unit of Kakao Corp, operator of the country’s most popular chat app, spun-off in 2017. Its app, Kakao T, has 28 million registered… Continue reading Carlyle invests $200m in South Korea’s Kakao Mobility at $3.1b valuation
Indian EV logistics platform eBikeGo raises $1.5m pre-series A funding
Sukhbir Singh (Bollywood Singer), Dr. Brahmanand Mohanty (Professor at Asian Institute of Technology), Alparslan Kutukcuoglu (Chairman of the board at Mungo Befestigungstechnik AG), Vijay Sivaram (CEO at Quess Corp Limited), Sameer Bulchandani (MD at Avdel India) and Sumant Singhal (CEO at Chiripal Poly Films), amongst others, participated in this round. The startup had raised $700,000… Continue reading Indian EV logistics platform eBikeGo raises $1.5m pre-series A funding