In Vietnam, PE firm Mekong Capital has appointed Vuong Thi Huyen Nga as chief people officer, while Indian edtech startup Unacademy is said to have laid off around 250 employees. Mekong Capital appoints Nga as chief people officer Vietnam-focused PE firm Mekong Capital has appointed Vuong Thi Huyen Nga as Chief People Officer. Nga has… Continue reading People Digest: Mekong Capital appoints chief people officer; Unacademy lays off staff
Author: Deal Street Asia Online News
Indian e-bike maker Matter Motor raises $35m from US VC firm Helena, others
Matter Motor, an EV tech and energy storage firm in India, has raised $35 million as part of the first tranche of its Series B round, led by US-based venture capital firm Helena. Capital 2B, Japan Airlines & Translink Innovation Fund, and Saad Bahwan Investment Management Company (SB Invest), besides other institutional firms and family… Continue reading Indian e-bike maker Matter Motor raises $35m from US VC firm Helena, others
Aussie startup Redactive AI raises $7.5m; Malaysia’s pitchIN to launch secondary tradingRedactive will use the capital to expand its engineering, cust…
Australian venture capital firms Blackbird Ventures and Felicis have co-led an A$11.5 million ($7.5 million) seed round for security startup Redactive AI, while Malaysia’s pitchIN has launched the country’s first equity crowdfunding secondary market. Australia’s Redactive AI raises seed funding Australian startup Redactive AI, which provides a developer platform to help enterprises securely adopt generative… Continue reading Aussie startup Redactive AI raises $7.5m; Malaysia’s pitchIN to launch secondary tradingRedactive will use the capital to expand its engineering, cust…
Indian renewable energy firm ACME Solar files for $360m IPO
Indian renewable energy firm ACME Solar Holdings has filed for an initial public offering to raise up to 30 billion rupees (nearly $360 million), draft papers showed on Wednesday. ACME Solar, which operates solar and wind energy projects, will issue fresh shares worth up to 20 billion rupees, while its largest shareholder ACME Cleantech Solutions… Continue reading Indian renewable energy firm ACME Solar files for $360m IPO
South Korea fines Credit Suisse for illegal stock short selling
South Korea’s financial regulator imposed record high fines on two subsidiaries of the former Credit Suisse group for stock short-selling violations, the regulator said on Wednesday. The Financial Services Commission (FSC) decided to impose fines of 16.9 billion won ($12.17 million) and 10.2 billion won on Credit Suisse AG, currently UBS AG, and Credit Suisse… Continue reading South Korea fines Credit Suisse for illegal stock short selling
EU said to target China’s Temu and Shein with proposed import duty
The European Union is drawing up plans to impose customs duties on cheap goods bought from Chinese online retailers including Temu, Shein, and AliExpress, the Financial Times reported on Wednesday, citing three people briefed on the matter. The European Commission later this month will suggest scrapping a current 150 euros ($161) threshold under which items… Continue reading EU said to target China’s Temu and Shein with proposed import duty
Asian Investors set to ramp up allocation to secondaries: Cambridge Associates pollGrowth equity, VC, private credit, and buyouts continue to be the m…
Secondaries will be one of the top strategies that Asian institutional investors intend to increase allocation to over the next 12 months, according to the latest poll conducted by global investment firm Cambridge Associates. Currently, growth equity, venture capital, private credit, and buyouts stand out as some of the most popular strategies among their clients… Continue reading Asian Investors set to ramp up allocation to secondaries: Cambridge Associates pollGrowth equity, VC, private credit, and buyouts continue to be the m…
Indonesia’s Superbank secures $73m more from Grab, Singtel, KakaoBank
Indonesian digital banking player PT Super Bank Indonesia (Superbank) has secured an additional investment of 1.2 trillion rupiah ($73.2 million) from its shareholders Grab, Singtel, and KakaoBank. The investment aims to support Superbank’s services and product innovations, according to a statement issued on Wednesday. “We greatly appreciate the trust of our shareholders in supporting our… Continue reading Indonesia’s Superbank secures $73m more from Grab, Singtel, KakaoBank
Singapore’s Spenmo launches new brand Summit after troubled 2023
After going through a series of troubles last year, Singapore expense management startup Spenmo launched a smart expense management solution for small to mid-sized companies on Wednesday called Summit. In May last year, DealStreetAsia first reported, citing several sources, that the firm faced major lapses in risk and governance, leading to incidents involving alleged bribery… Continue reading Singapore’s Spenmo launches new brand Summit after troubled 2023
SEA Digest: Indonesia’s Elevarm secures $1m commitment; Choco Up partners with Set Sail AI
Indonesian agritech firm Elevarm has secured a $1-million commitment from its new partners while Choco Up has teamed up with Set Sail AI for generative AI adoption. Indonesian agritech startup Elevarm secures $1m investment pledge Elevarm, an agritech startup based in Jakarta, announced that it has secured $1 million in investment commitments from its new… Continue reading SEA Digest: Indonesia’s Elevarm secures $1m commitment; Choco Up partners with Set Sail AI