Samsara Eco, an Australian enviro-tech company that seeks to end plastic pollution, has raised $65 million in its Series A+ funding round backed by Singapore state investor Temasek Holdings and deeptech investor Main Sequence Ventures. New and existing investors, including Wollemi Capital, lululemon, Hitachi Ventures, Titanium Ventures, and DCVC, also participated in the funding round,… Continue reading Temasek backs Australian enviro-tech firm Samsara Eco in $65m funding roundTemasek also invested in the startup’s Series A round in 2022.
Author: Deal Street Asia Online News
Saudi Arabia’s Fourth Milling Company plans to list 30% stake in IPOThe company is involved in the production of flour, feed, bran, and diverse wheat …
Saudi Arabia’s Fourth Milling Company (MC4) plans to list 162 million shares, equal to a 30% stake, on its local bourse, according to a statement by the Saudi capital markets authority (CMA) on Wednesday. Saudi regulator CMA said it had approved the firm’s public listing application, without providing a timeline for the flotation. MC4 did not immediately respond to a request for comment outside of normal business hours. The company is involved in the… Continue reading Saudi Arabia’s Fourth Milling Company plans to list 30% stake in IPOThe company is involved in the production of flour, feed, bran, and diverse wheat …
Rupeek raises $15m from Elevation Capital and India deals worth $256m
Online gold loan platform Rupeek has raised about $15 million (Rs 125 crore) in primary funding from Elevation Capital, per media reports. This is the second tranche of the new funding round in which 360 One Large Fund had already put in $6 million in May. Go to Source
Bangladesh’s Tiger New Energy secures funding from ADB VenturesThe latest capital injection follows a $2.5 million seed round led by Wavemaker Partner…
Bangladesh-based clean energy startup Tiger New Energy announced on Wednesday that it has raised $1 million in new funding from ADB Ventures. The latest capital injection follows a $2.5 million seed round led by Wavemaker Partners last year. Other investors in the previous round included 500 TukTuks, Orvel Ventures, Humble, Penataran Management and Brett Barna,… Continue reading Bangladesh’s Tiger New Energy secures funding from ADB VenturesThe latest capital injection follows a $2.5 million seed round led by Wavemaker Partner…
Advisor banks may get a $40m windfall with Hyundai’s India IPO
Banks advising South Korean automaker Hyundai on its India IPO are set to make as much as $40 million in fees, three sources said, a windfall in a market where banks typically struggle to make money given cost-conscious clients and fewer big deals. That would be the second-highest fee pot ever for investment banks working on an initial public offering (IPO) in India and it comes amid a sharp surge in equity deals in the country,… Continue reading Advisor banks may get a $40m windfall with Hyundai’s India IPO
Indian NBFC Kogta raises $148m from Ontario Teachers’ Pension Plan
The Ontario Teachers’ Pension Plan Board has acquired a significant minority stake in Kogta Financial (India), a focused non-banking financial company (NBFC) specialising in the secured vehicle and MSME financing space, for Rs 1,230 crore ($148 million). The transaction also provides partial exits to Kogta’s existing institutional investors Morgan Stanley and Creador. Kogta aims to… Continue reading Indian NBFC Kogta raises $148m from Ontario Teachers’ Pension Plan
Japanese chipmaker Kioxia said to file preliminary IPO applicationThe chipmaker plans to to submit a full application in August and list at the end of…
Bain Capital-backed chipmaker Kioxia plans to submit a preliminary application to list shares on the Tokyo Stock Exchange in the coming days, two people familiar with the matter said. The chipmaker plans to submit a full application in August and list at the end of October, though the timing could be pushed back to December,… Continue reading Japanese chipmaker Kioxia said to file preliminary IPO applicationThe chipmaker plans to to submit a full application in August and list at the end of…
Asia Digest: beehiiv acquires AI-based website builder; Pawprints Group bags seed extension round
Typedream, a San Francisco-based startup founded by Indonesians, has been acquired by beehiiv. Meanwhile, Singapore-based Pawprints Group has announced a seed extension round led by Asia Fund X. Lightspeed-backed beehiiv buys Typedream New York-based email newsletter platform beehiiv acquired AI-based website builder Typedream in an undisclosed transaction, an executive said on Wednesday. While Typedream is… Continue reading Asia Digest: beehiiv acquires AI-based website builder; Pawprints Group bags seed extension round
Chinese EV maker Hozon files for Hong Kong IPO amid price war in home market
Chinese electric vehicle (EV) maker Hozon, which produces vehicles under the brand name Neta, has filed to go public through an initial public offering (IPO) in Hong Kong, according to a stock exchange filing on Wednesday. The size of its fundraising has not been disclosed, but media reports suggest the company could raise up to… Continue reading Chinese EV maker Hozon files for Hong Kong IPO amid price war in home market
Chinese AI firms woo OpenAI users as US company plans API restrictions
Chinese artificial intelligence (AI) companies are moving swiftly to attract users of OpenAI’s technology, following reports the U.S. firm plans to restrict access in China and other countries to its application programming interface (API), a platform that allows developers of other products to integrate its AI models. ChatGPT maker OpenAI is planning to block access… Continue reading Chinese AI firms woo OpenAI users as US company plans API restrictions