Rocketlane, a B2B SaaS platform for client project delivery, on Tuesday announced that it has raised $24 million in its Series B funding round co-led by 8VC, Matrix Partners India, and Nexus Venture Partners. The new funding will help accelerate Rocketlane’s AI road map, enabling the development of advanced features and capabilities that enhance client… Continue reading Indian SaaS startup Rocketlane snags $24m funding co-led by 8VC, Matrix, NexusRocketlane has also announced the appointment of Rao Adavikolanu as chie…
Author: Deal Street Asia Online News
Berkshire Hathaway speeds up share sales in China’s BYD
Warren Buffett’s Berkshire Hathaway has accelerated its selling of shares in BYD, China’s largest seller of electric vehicles. Berkshire reduced its stake in BYD‘s issued H-shares to 5.99% on June 19, according to a Tuesday filing with the Hong Kong stock exchange. The stake had been 7.02% as recently as June 11. Hong Kong requires larger shareholders to disclose sales when their resulting stakes fall… Continue reading Berkshire Hathaway speeds up share sales in China’s BYD
DTC brand operator DACHIN bags seed funding from Northstar VenturesDACHIN manages brands across three categories: lifestyle, consumer electronics, and…
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Singapore online safety startup k-ID raises $45m in Series A round
k-ID, a Singapore-based startup that seeks to solve the issue of privacy and online safety for kids and teens, has announced raising $45 million in its Series A funding round. The round, which brings the startup’s total funding raised to date to $51 million, was co-anchored by US venture capital firm Andreessen Horowitz (a16z) and… Continue reading Singapore online safety startup k-ID raises $45m in Series A round
BII commits $75m to second green basket bond by Symbiotics Investments
UK-based development finance institution British International Investment (BII) has committed $75 million to the second green basket bond arranged by Symbiotics Investments, an emerging markets access platform and financial lender. The funds will increase financing to small-scale green projects across Africa, and South and Southeast Asia through MSME lenders, with 50% of the financing earmarked… Continue reading BII commits $75m to second green basket bond by Symbiotics Investments
Shareholder backing for SoftBank CEO Son’s reappointment falls to 79%
Shareholder support for the reappointment of SoftBank Group Chief Executive Masayoshi Son has fallen to 79.22% from 95.93% a year ago after proxy advisor Institutional Shareholder Services (ISS) recommended against his reappointment, a stock market filing showed on Tuesday. ISS opposed Son’s reappointment because the tech investment group had posted an average return on equity of less than 5% over the past five years, SoftBank said in a press… Continue reading Shareholder backing for SoftBank CEO Son’s reappointment falls to 79%
AI video startup HeyGen raises $60m after divesting from ChinaThe AI startup’s valuation reportedly stood at $500 million following its latest funding…
Artificial intelligence (AI) video startup HeyGen has raised $60 million from American investors following the dissolution of its mainland Chinese operations and relocating to Los Angeles amid geopolitical tensions. The company’s Series A round was led by early-stage venture capital firm Benchmark. New and returning investors included Thrive Capital, BOND, Conviction, Dylan Field, Elad Gil,… Continue reading AI video startup HeyGen raises $60m after divesting from ChinaThe AI startup’s valuation reportedly stood at $500 million following its latest funding…
India Digest: Dairy brand Sid’s Farm bags funding; PremjiInvest leads funding in US-based firm
Sid’s Farm has raised $10 million in a Series A round of funding, while PremjiInvest has led a $130-million Series D funding round in US-based BillionToOne. Sid’s Farm raises $10m co-led by Omnivore Dairy brand Sid’s Farm has raised $10 million in a Series A round of funding co-led by Omnivore and Narotam Sekhsaria Family… Continue reading India Digest: Dairy brand Sid’s Farm bags funding; PremjiInvest leads funding in US-based firm
China’s BYD launches third EV model in Japan
China’s BYD launched its third electric vehicle in Japan, it said on Tuesday, a sedan that will be its most expensive model so far in a market where consumers have long favoured domestic brands. The Shenzhen-based automaker said it had started taking orders for its flagship Seal EV in Japan from Tuesday, setting the suggested… Continue reading China’s BYD launches third EV model in Japan
Decarbonization Partners leads $69m funding in Swiss carbon removal firm Neustark
Decarbonization Partners, a partnership between BlackRock and Temasek, on Tuesday announced that it has led a $69-million funding in Swiss carbon removal provider Neustark. Climatetech growth investor Blume Equity also participated in the round. The investment is expected to fuel Neustark’s growth path and support its mission to permanently remove 1 million tonnes of CO2… Continue reading Decarbonization Partners leads $69m funding in Swiss carbon removal firm Neustark