March 23, 2018 Singapore-based Insignia Ventures Partners, founded by former Sequoia Capital venture partner Yinglan Tan, has invested $600,000 in Vietnamese freight-with-trucker connecting platform LOGIVAN. Linh Pham, Founder of LOGIVAN confirmed the investment with DEALSTREETASIA in an interaction. She told the portal that the newly-raised capital will enable it to expand to Ho Chi Minh… Continue reading Vietnam: Singapore’s Insignia Ventures invests $600K in truck platform LOGIVAN
Author: Deal Street Asia Online News
Matrix Partners co-leads $473m round in China’s electric car maker CHJ Automotive
March 23, 2018 Chinese electric car startup CHJ Automotive has pocketed Rmb3 billion ($473 million) in its Series B funding round led by Matrix Partners China and Shougang Fund’s new energy fund portfolio, according to Chinese media reports. CHJ Automotive, described by Western media as a Chinese rival to Tesla, said the funding round was… Continue reading Matrix Partners co-leads $473m round in China’s electric car maker CHJ Automotive
India: Eicher Motors shuts 6-year-old JV with US partner Polaris
March 12, 2018 Eicher Motors Ltd said on Monday that it is shutting down its joint venture with US-based Polaris Industries Inc. immediately, as sales failed to meet expectations after the initial success. The equal venture, Eicher Polaris Pvt. Ltd, was formed in 2012 to manufacture Multix, which the companies touted as India’s first personal… Continue reading India: Eicher Motors shuts 6-year-old JV with US partner Polaris
Malaysia’s online used car platform Carsome raises $19m in Series B
March 8, 2018 Carsome, an online used car platform headquartered in Malaysia, has raised $19 million in a Series B funding round led by Burda Principal Investments and joined by Gobi Partners. InnoVen Capital and Lumia Capital also joined the funding round. In a statement, the startup said it will use the funds to scale… Continue reading Malaysia’s online used car platform Carsome raises $19m in Series B
India: Temasek said to be in talks to invest in SoftBank-backed Ola
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
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