January 21, 2019 The corporate venture capital fund of Renault-Nissan-Mitsubishi Alliance has backed automotive retail platform Tekion while Singapore’s auto concierge platform Motorist.sg secures seed funding. Alliance Ventures backs platform for automotive retail Tekion Alliance Ventures, the corporate venture capital fund of Renault-Nissan-Mitsubishi Alliance, has announced an investment in Tekion, a US-based platform for automotive retail, according to… Continue reading APAC Dealbook: Alliance backs Tekion; Motorist.sg snags funds
Author: Deal Street Asia Online News
Lime, Bird said to raise millions in new funding at far lower valuation
January 20, 2019 Two electric scooter startups, fresh off raising hundreds of millions of dollars last year, are now raising hundreds of millions more, according to multiple people familiar with the details. But the latest hard-fought deal terms for Lime and Bird Rides Inc. both peg the companies’ worth at far less than the lofty… Continue reading Lime, Bird said to raise millions in new funding at far lower valuation
India Digest: Emirati tycoon eyes Leela hotels; Kotak, Karvy Data bid for Ricoh
January 16, 2019 Emirati business tycoon Rashid Al-Habtoor has offered to acquire Leela Hotels, while Kotak Investment Advisors and Karvy Data Management Services have submitted bids for debt-laden Ricoh India. Emirati tycoon offers to acquire Leela hotels Emirati business tycoon Rashid Al-Habtoor has reportedly offered to acquire India’s Leela Group of Hotels with an equity infusion of about $600… Continue reading India Digest: Emirati tycoon eyes Leela hotels; Kotak, Karvy Data bid for Ricoh
China’s Evergrande Health to acquire 51% stake in Swedish EV firm for $930m
January 16, 2019 Evergrande Health Industry Group Ltd said it would buy a 51 percent stake in National Electric Vehicle Sweden AB for $930 million, as the Chinese healthcare service provider continues to diversify into new energy automotive industry. Evergrande Health, a unit of property developer China Evergrande Group, said it would buy the stake in National Electric Vehicle… Continue reading China’s Evergrande Health to acquire 51% stake in Swedish EV firm for $930m
SoftBank backs $44m funding in South Korean car-sharing startup SoCar
January 15, 2019 SoCar, a South Korean car-sharing company, has raised $44 million (about 50 billion won) in a new round of funding from Altos Ventures, KB Investment, Stonebridge Ventures, and SoftBank Ventures, The Investor reported. SoCar will use the fresh funding to invest in research and development to offer better mobility services through its… Continue reading SoftBank backs $44m funding in South Korean car-sharing startup SoCar
Kakao Mobility seeks to broker peace with taxi drivers protesting car-sharing service
January 15, 2019 South Korea’s Kakao Mobility on Tuesday said it would re-enter talks over its proposed car-sharing service with an open mind, and would even consider abandoning the idea, should taxi drivers who protested the service return to negotiations. The transportation unit of Kakao Corp, operator of the country’s most popular chat app, also… Continue reading Kakao Mobility seeks to broker peace with taxi drivers protesting car-sharing service
India Dealbook: Vogo, Paisadukan, Crofarm secure funding
January 15, 2019 Bike rental startup Vogo has raised $8.95 million as part of an ongoing Series B funding round while lending startup Paisadukan has secured $235,000 in its third seed funding round. In another development, Crofarm has raised $500,000 from a clutch of investors. Vogo raises $8.95m Series B Bengaluru-based bike rental startup Vogo has… Continue reading India Dealbook: Vogo, Paisadukan, Crofarm secure funding
Flipkart co-founder Sachin Bansal invests $21m in Ola, may inject more
January 14, 2019 Flipkart co-founder Sachin Bansal has invested $21 million in India’s largest cab-hailing platform Ola (ANI Technologies Pvt Ltd), marking his first investment following his ouster from Flipkart, which resulted in him selling his stake in the online retailer for nearly $1 billion. Part of a bigger round, Bansal is expected to infuse… Continue reading Flipkart co-founder Sachin Bansal invests $21m in Ola, may inject more
India: Ola’s valuation skyrockets to $5.7b after fresh funding from Steadview
January 10, 2019 Ola has regained its number two ranking in the pecking order of India’s most valuable startups, after securing $74 million in fresh funding from existing investor Steadview Capital in its latest funding round, which valued India’s leading cab-hailing service at roughly $5.7 billion. Ola, which has been in talks to raise at… Continue reading India: Ola’s valuation skyrockets to $5.7b after fresh funding from Steadview
China Digest: 360 Enterprise closes $132m Series B; LiDAR maker Benewake raises funds
January 9, 2019 China’s internet security firm 360 Enterprise Security Group has completed a $131.2-million Series B round while LiDAR-maker Benewake also announced its Series B2 financing. 360 Enterprise closes $132m Series B 360 Enterprise Security Group, a Chinese B2B internet security software provider, has closed a Series B financing round worth 900 million yuan… Continue reading China Digest: 360 Enterprise closes $132m Series B; LiDAR maker Benewake raises funds