April 19, 2018 Singapore-headquartered ComfortDelGro has acquired London taxi circuit operator Dial-a-Cab for £1.2 million ($1.7 million) as part of its expansion in the United Kingdom. In a disclosure to the Singapore Exchange on Thursday, ComfortDelGro said the acquisition will be carried out by its wholly-owned subsidiary in the UK, CityFleet Networks Limited. The acquisition will… Continue reading Singapore taxi firm ComfortDelGro acquires London’s Dial-a-Cab for $1.7m
Author: Deal Street Asia Online News
India: Scooter rental startup Vogo in talks to raise funds from Ola, VC firms
April 17, 2018 Scooter rental start-up Vogo Automotive Pvt. Ltd is in advanced talks to raise Rs40-45 crore from cab hailing platform Ola and venture capital firms Stellaris Ventures Partners and Matrix Partners, three people aware of the discussions said. As part of the proposed deal, Ola (ANI Technologies Pvt. Ltd) will lead the round,… Continue reading India: Scooter rental startup Vogo in talks to raise funds from Ola, VC firms
Japan: Mirai Creation Fund invests in financial robo-adviser WealthNavi
February 5, 2018 WealthNavi, provider of Japan’s biggest financial robo-adviser service, has raised fresh funds from Mirai Creation Investment Limited Partnership (Mirai Creation Fund) to further develop and improve its robo-adviser and asset management application. In a disclosure to the JASDAQ Securities Exchange on Monday, Sparx Group Co, operator and co-founder of Mirai Creation Fund,… Continue reading Japan: Mirai Creation Fund invests in financial robo-adviser WealthNavi
Singapore taxi firm ComfortDelGro to acquire AZ Bus charter assets for $10.25m
April 11, 2018 Singapore’s largest taxi operator ComfortDelGro has announced that it will acquire the private bus chartering assets of AZ Bus Pte Ltd for $10.25 million as it seeks to consolidate its position in the industry. In a statement, ComfortDelGro said, the acquisition will be conducted by its bus operation arm ComfortDelGro Bus Pte Ltd.… Continue reading Singapore taxi firm ComfortDelGro to acquire AZ Bus charter assets for $10.25m
China: Alibaba-backed Xiaopeng Motors to raise $2.7b this year
April 10, 2018 Xiaopeng Motors, which counts Alibaba Group Holding Ltd. and Foxconn Technology Group among its investors, plans to raise 17 billion yuan ($2.7 billion) in funds this year as the Chinese car startup seeks to take on rivals in the world’s biggest market for electric vehicles. The company plans to start pre-sales of… Continue reading China: Alibaba-backed Xiaopeng Motors to raise $2.7b this year
China’s Ehi Car Services to be taken private by CEO-led group in $937.5m deal
April 8, 2018 Chinese car rental company Ehi Car Services Ltd said on Friday the company would be taken private by a consortium led by its Chief Executive Officer Ray Ruiping Zhang in a deal valued at about $937.5 million. The offer of $13.50 in cash per American depositary share of Ehi represents a 15.4 percent premium to the company’s close on… Continue reading China’s Ehi Car Services to be taken private by CEO-led group in $937.5m deal
China Digest: Smart trucks JV formed; BitKan, Ainemo raise funds
April 4, 2018 In multiple developments in China, three firms have teamed up to form a joint venture that will develop smart trucks while startups BitKan and Ainemo have raised millions of dollars in their latest funding rounds. GLP teams up with G7, NIO Capital for smart trucks JV Industrial logistics provider GLP has teamed… Continue reading China Digest: Smart trucks JV formed; BitKan, Ainemo raise funds
China’s Meituan Dianping to acquire Mobike in $3.7b deal
April 4, 2018 Meituan Dianping, China’s top on-demand services platform, said on Wednesday it has agreed to acquire bike-sharing firm Mobike. Both firms are backed by Chinese gaming and social media firm Tencent Holdings Ltd. Meituan did not disclose the value of the deal, though local media said it was roughly $3.7 billion. Mobike will… Continue reading China’s Meituan Dianping to acquire Mobike in $3.7b deal
Uber Middle-East rival Careem in early talks to raise $500m in fresh funding
March 28, 2018 Middle East ride-hailing app Careem is in early talks to raise as much as $500 million in new funds from investors, sources told Reuters. Careem, Uber’s rival in the region, is checking the appetite of potential investors and hopes to secure its targeted $500 million in a new funding series, three sources… Continue reading Uber Middle-East rival Careem in early talks to raise $500m in fresh funding
Vietnam: Singapore’s Insignia Ventures invests $600K in truck platform LOGIVAN
March 23, 2018 Singapore-based Insignia Ventures Partners, founded by former Sequoia Capital venture partner Yinglan Tan, has invested $600,000 in Vietnamese freight-with-trucker connecting platform LOGIVAN. Linh Pham, Founder of LOGIVAN confirmed the investment with DEALSTREETASIA in an interaction. She told the portal that the newly-raised capital will enable it to expand to Ho Chi Minh… Continue reading Vietnam: Singapore’s Insignia Ventures invests $600K in truck platform LOGIVAN