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
Author: Deal Street Asia Online News
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
Japan’s Kawasaki ups stake in DRB-Hicom’s two-wheeler unit for $9.7m
April 28, 2019 Japan’s Kawasaki Heavy Industries, Ltd (KHI) has upped its stake in DRB-Hicom-backed national motorcycle company Motosikal dan Enjin Nasional Sdn Bhd (Modenas), from 19 per cent to 30 per cent, it said in a statement on Friday. DRB-Hicom Bhd has entered into an agreement with KHI to sell an additional 14.3 million… Continue reading Japan’s Kawasaki ups stake in DRB-Hicom’s two-wheeler unit for $9.7m
India Dealbook: Quick Ride raises VC money, Omnivore closes second fund at $97m
April 25, 2019 Sequoia Capital, Naspers and Venture Highway have invested Rs 100.78 crore ($14.4 million) in car- and bike-pooling startup Quick Ride to help the company expand its operations. Meanwhile, Impact investment fund Omnivore announced the close of its second fund at $97 million, higher than its target of $75 million. Sequoia, Naspers, Venture… Continue reading India Dealbook: Quick Ride raises VC money, Omnivore closes second fund at $97m
India Dealbook: Vue.ai, Leadstart, EnKash, Sensivision, Kozhnosys raise early-stage funding
April 25, 2019 AI start-up Vue.ai, publishing firm Leadstart Publishing and EnKash, a B2B payments management and automation platform, join the burgeoning list of elite startups to raise capital, signalling an increased investor interest in the sector. And they are not the only ones. As many as two medical devices startups also garnered funds to… Continue reading India Dealbook: Vue.ai, Leadstart, EnKash, Sensivision, Kozhnosys raise early-stage funding
India’s bike taxi startup Rapido raises $11.2m led by Nexus Venture Partners
April 23, 2019 Roppen Transportation Services Pvt. Ltd, which operates bike taxi startup Rapido, has raised about $11.2 million (Rs 78.2 crore) in a Series A funding round led by venture capital firm Nexus Venture Partners. According to the company’s latest filings with the Registrar of Companies (RoC) sourced by paper.vc, the company has issued… Continue reading India’s bike taxi startup Rapido raises $11.2m led by Nexus Venture Partners
India’s bike rental startup Bounce raises $3m from Innoven Capital
April 22, 2019 Two-wheeler rental startup Bounce has raised $3 million in debt funding from Innoven Capital, according to a company statement on Monday. This is Bounce’s second round of funding from the InnoVen, taking their total debt investment to $6 million. Till date, the company has raised over $22.5 million across two rounds. Mint… Continue reading India’s bike rental startup Bounce raises $3m from Innoven Capital