May 7, 2019 Indonesia’s ride-hailing firm GOJEK and Allianz X, the digital investment arm of global insurance group Allianz, have co-invested in an unspecified Series B funding round for Uganda-based ride-hailing firm SafeBoda. GOJEK made the investment through its venture capital arm Go-Ventures, per an Allianz X statement. The Indonesian firm has previously backed Bangladeshi… Continue reading GOJEK, Allianz X back Africa-based ride-hailing firm SafeBoda
Author: Deal Street Asia Online News
Triputra Group partners SF Express, Tokopedia to launch new delivery platform
May 7, 2019 Premium China’s SF Express, Indonesia’s Triputra Group and e-commerce unicorn Tokopedia have jointly set up a last-mile delivery platform, Anteraja.id, with an initial investment of $50 million. Go to Source
India: Ratan Tata invests in ride-hailing giant Ola’s electric vehicle arm
May 6, 2019 Ola Electric Mobility, the electric vehicle arm of Indian ride-hailing giant Ola, has raised an undisclosed amount in funding from Ratan Tata, chairman emeritus of Tata Sons, it announced on Monday. The investment is part of the company’s ongoing series A round of financing. In March, the electric mobility arm announced that… Continue reading India: Ratan Tata invests in ride-hailing giant Ola’s electric vehicle arm
Indonesia’s trucking solutions platform Ritase raises Series A capital
May 3, 2019 Indonesian trucking service platform Ritase has raised an undisclosed amount in a Series A funding round to facilitate its business plans. The capital raised will be used for geographical expansion, as the company plans to foray into two new regional markets this year, it announced at a media event. Even as the… Continue reading Indonesia’s trucking solutions platform Ritase raises Series A capital
India’s Ola seeks to raise $355m more in Series J funding
May 2, 2019 Indian ride-hailing company Ola is planning to raise additional $355 million (Rs 2,469.8 crore) as part of its ongoing funding round, according to the company’s filings with the Registrar of Companies (RoC) sourced by paper.vc. The Bengaluru-based company is looking to raise a total of $1 billion in the Series J round,… Continue reading India’s Ola seeks to raise $355m more in Series J funding
Chinese battery maker in talks to pick stake in Australia’s St George Mining
May 2, 2019 St George Mining Ltd is in talks with a Chinese battery manufacturer that is interested in buying a stake in the Australian nickel producer, Executive Chairman John Prineas said on Wednesday. The interest from the Chinese company, which Prineas declined to identify, underscores the massive appetite for minerals used to make electric vehicle batteries. Nickel is… Continue reading Chinese battery maker in talks to pick stake in Australia’s St George Mining
India’s logistics startup BlackBuck raises $150m led by Goldman, Accel
May 1, 2019 Bengaluru-based online logistics startup BlackBuck on Wednesday announced that it has raised $150 million (Rs 1050 crore) in a Series D equity funding round led by Goldman Sachs Investment Partners and Silicon Valley-based Accel. The round also saw participation from existing investors Sands Capital and International Finance Corporation (IFC), a part of… Continue reading India’s logistics startup BlackBuck raises $150m led by Goldman, Accel
SoftBank invests $1b in Colombian delivery app Rappi
May 1, 2019 Japan’s SoftBank will invest $1 billion in Colombian delivery app Rappi, marking the first move by its newly created Innovation Fund for Latin America, according to a statement on Tuesday, confirming earlier media reports. In a statement, Rappi said the proceeds will be used to enhance the company’s presence in existing markets… Continue reading SoftBank invests $1b in Colombian delivery app Rappi
Chinese EV maker CHJ seeks to raise up to $500m, eyes listing next year
April 30, 2019 Chinese electric vehicle (EV) maker CHJ Automotive is seeking to raise $300 million to $500 million in its latest funding round, two people with direct knowledge of the matter said, joining its peers in tapping more investors to finance growth. CHJ, founded by entrepreneur Li Xiang, sees itself valued at at least $2.5 billion… Continue reading Chinese EV maker CHJ seeks to raise up to $500m, eyes listing next year
Pakistani ride-hailing startup Bykea raises $5.7m in Series A funding
April 30, 2019 Bykea, a ride-hailing and parcel delivery startup based in Pakistan, has raised $5.7 million in Series A funding from Pakistan-focused VC Sarmayacar, and institutional investors from Southeast Asia and the Middle East. The announcement confirms an earlier report by DEALSTREETASIA about Bykea’s fundraising plans and its backing from Sarmayacar. According to a… Continue reading Pakistani ride-hailing startup Bykea raises $5.7m in Series A funding