Author: Deal Street Asia Online News

Indian SaaS startup Rocketlane snags $24m funding co-led by 8VC, Matrix, NexusRocketlane has also announced the appointment of Rao Adavikolanu as chie…

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…

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

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%