March 6, 2018 After speculations of Japanese investment giant SoftBank wanting to pump in more funds in Indian ride hailing major Ola, Singapore’s sovereign wealth fund Temasek is now reportedly in talks to invest in the Uber rival. According to a report in The Economic Times quoting sources, Temasek and other investors are looking to invest… Continue reading India: Temasek said to be in talks to invest in SoftBank-backed Ola
Author: Deal Street Asia Online News
China Dealbook: Xingyuan Auto, BestSign, Interhouse.cn, Kaochong fundraise
March 6, 2018 Beijing Xingyuan Automotive Information Technology Co., an internet-based provider of services for the auto industry, has raised $79 million in a Series A round of funding led by Qiangwei Holdings, and Guoxing Fund. Other Chinese startups to raise fresh funding include BestSign, Interhouse.cn, and Kaochong, CMN reported. Xingyuan Auto secures $79m funding Beijing… Continue reading China Dealbook: Xingyuan Auto, BestSign, Interhouse.cn, Kaochong fundraise
Toyota, group suppliers to form $2.8b self-driving R&D JV
March 2, 2018 Toyota Motor Corp and group suppliers Denso Corp and Aisin Seiki Co said on Friday they would form a joint venture for researching and developing automated-driving technology, investing more than 300 billion yen ($2.8 billion). The Tokyo-based venture will be formed later this month and aim to employ about 1,000 workers, including… Continue reading Toyota, group suppliers to form $2.8b self-driving R&D JV
Chinese car trading platform Chehaoduo raises $818m in Tencent-led funding
March 2, 2018 Beijing-based online car trading platform Chehaoduo has raised $818 million in a Tencent Holdings-led Series C funding round, less than five months after it reached the unicorn status in late October. According to a China Money Network report, the Series C round of financing was also joined by a number of new… Continue reading Chinese car trading platform Chehaoduo raises $818m in Tencent-led funding
Exclusive: Go-Jek, Traveloka and Tokopedia in talks to invest in insurtech startup PasarPolis
March 1, 2018 Indonesia’s unicorns Go-Jek, Traveloka and Tokopedia are in advanced discussions to invest in insurance tech (insurtech) startup PasarPolis, according to three people aware of the development. PasarPolis claims to be one of the first online portals in Indonesia to provide varying insurance options covering health, vehicle, accident, property, travel and life. It allows users to… Continue reading Exclusive: Go-Jek, Traveloka and Tokopedia in talks to invest in insurtech startup PasarPolis
India Dealbook: Grab, The Healthy Billion, HighRadius Corp raise funds
February 22, 2018 Hyperlocal delivery startup Grab, healthtech firm The Healthy Billion and technology company HighRadius have received funding. Hyperlocal delivery startup Grab gets raises $1.3m Hyperlocal delivery startup Grab has received $1.3 million investment from Maharashtra State Social Venture Fund, managed by SIDBI Venture Capital according to a report by to a paper.vc. As per the… Continue reading India Dealbook: Grab, The Healthy Billion, HighRadius Corp raise funds
India: Tata said to be mulling sale of auto components unit
February 22, 2018 Tata group is planning to sell its automotive parts manufacturing company Tata AutoComp Systems Ltd (TACO), two people aware of the matter said. The group is currently in talks to hire an investment bank to manage the sale, the first of the two said on condition of anonymity. The sale process is… Continue reading India: Tata said to be mulling sale of auto components unit
Mitsubishi Corp considers raising stake in Mitsubishi Motors via tender offer
February 20, 2018 Trading house Mitsubishi Corp said on Tuesday it was considering raising its stake in Mitsubishi Motors via a tender offer, a deal that the Nikkei newspaper reported could be worth about $1.1 billion. Mitsubishi Corp said in a statement it was considering buying shares in the carmaker held by Mitsubishi Heavy Industries… Continue reading Mitsubishi Corp considers raising stake in Mitsubishi Motors via tender offer
India Digest: MediAssist eyes PE funding; Metrobikes, RailYatri look to raise $10m each
February 15, 2018 While MediAssist is in talks with private equity firms to raise up to $39 million, startups Metrobikes and RailYatri are looking to raise rounds of $10 million each. MediAssist eyes PE funding in pre-IPO round Healthcare services provider MediAssist Health Services is in talks with private equity firms to raise up to Rs 250… Continue reading India Digest: MediAssist eyes PE funding; Metrobikes, RailYatri look to raise $10m each
S Korea’s Kakao Mobility to acquire car pool startup Luxi for $23.3m
February 15, 2018 Kakao Mobility, the cab-hailing and transport services unit of South Korea’s mobile services giant Kakao, is acquiring local car pool startup Luxi for KRW25.2 billion ($23.3 million), the company said in a statement posted on its Korean website. Kakao said it wants to utilise Luxis carpool to complement Kakao Mobility taxi-hailing service,… Continue reading S Korea’s Kakao Mobility to acquire car pool startup Luxi for $23.3m