Gojek, the Indonesian all-purpose supper app provider, is nearing an agreement to buy 5% of top local taxi operator PT Blue Bird, according to people familiar with the matter. Gojek would pay about $30 million, the people said, asking not to be named discussing a private matter. That implies a price of more than 20%… Continue reading Gojek closes in on deal to acquire 5% stake in Indonesian taxi operator Blue Bird
Author: Deal Street Asia Online News
Logistics unicorn Rivigo to raise $20m in Series F funding
Logistics unicorn Rivigo is raising a Series F round of ₹141.97 crore ($20 million) from its existing investors SAIF Partners India VI Ltd and Spring Canter Investment Ltd, according to a regulatory filing that has been accessed by business information platform Paper.vc. The fresh fundraising round appears to be at the same valuation as the previous… Continue reading Logistics unicorn Rivigo to raise $20m in Series F funding
China’s electric car startups NIO, Xpeng to share charging stations
Chinese electric-vehicle manufacturers NIO Inc. and Xpeng Motors agreed to share charging stations as well as related services and data, seeking to spur EV demand and curb costs. NIO and Xpeng customers can charge their cars using either companies’ facilities with no extra fees, the companies said Wednesday. NIO will also provide home-charger installation services… Continue reading China’s electric car startups NIO, Xpeng to share charging stations
India: Flipkart, Walmart invest in supply chain startup Ninjacart
To strengthen their direct sourcing of fresh produce, Walmart and Flipkart today announced a joint strategic investment in supply chain start-up Ninjacart. Partnering with Ninjacart will help Walmart and Flipkart strengthen direct sourcing of fresh produce for Walmart India’s Best Price B2B cash-and-carry stores and Flipkart’s online grocery business Supermart. The investment will also support… Continue reading India: Flipkart, Walmart invest in supply chain startup Ninjacart
Carsome raises $50m Series C in debt & equity from MUFG, Daiwa, others
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Asian logistics startups jostle to be ‘Uber’ of last-mile delivery
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 Asian logistics startups jostle to be ‘Uber’ of last-mile delivery
China’s Dongfeng plans partial sale of Peugeot owner PSA stake
China’s Dongfeng Motor will likely trim its stake in Peugeot owner PSA after hiring banks to study options, people close to the matter said, in a move that could ease the French carmaker’s planned merger with Fiat Chrysler (FCA). Dongfeng has a 12.2% equity stake in the French carmaker, and would have about half of that in the… Continue reading China’s Dongfeng plans partial sale of Peugeot owner PSA stake
Toyota Motor leads $50m funding in US-based startup May Mobility
May Mobility, a US-based self-driving shuttle service provider, announced on Thursday that it has raised $50 million in a Series B round led by Toyota Motor Corporation. The round also saw the participation of SPARX Group and existing investors Millennium Technology Value Partners, Cyrus Capital Partners, BMW iVentures, and Toyota AI Ventures. The corpus raised… Continue reading Toyota Motor leads $50m funding in US-based startup May Mobility
Chinese PE Qingdao Wudaokou acquires stake in Chery Group
China’s private firm Qingdao Wudaokou New Energy Industrial Fund has announced the acquisition of stakes in the units of Chinese automaker Chery Group, per a company filing on its official Weibo account on Wednesday. Qingdao Wudaokou closed the deal at about 14 billion yuan ($2 billion). Qingdao Wudaokou will acquire 30.99 per cent stake in… Continue reading Chinese PE Qingdao Wudaokou acquires stake in Chery Group
Ride-hailing firm Tada parent MVL raises $5m in expansion push
Mobility ecosystem MVL, the company behind ride-hailing firm Tada, has raised $5 million in its Series A funding round that will fuel the development of its mobility ecosystem and expansion of its existing markets. In an announcement, the Singapore-based firm said the funding round was led by South Korean venture capital firm SV Investment. Two… Continue reading Ride-hailing firm Tada parent MVL raises $5m in expansion push