Mars W. Mosqueda Jr. 10 June, 2024 Singapore-based lithium-ion battery manufacturer Durapower Holdings became profitable in fiscal year 2023 as its revenue more than doubled, according to regulatory filings. Start your deal-making journey now! Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital, and startups in Asia. Exclusive… Continue reading SG battery maker Durapower turns a profit in 2023 as revenue more than doublesThe group posted profit of $0.72m from a loss of $10.8m.
Author: Deal Street Asia Online News
EQT takes driver’s seat as growth equity wave triggers buyout deals in SE Asia
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Charticle: Increasing take rates can be a double-edged sword for SE Asia’s online platforms
Triggered by the need to maximise profitability and real revenues since the pandemic, most online companies in Southeast Asia have gradually increased take rates, according to the report “E-commerce and Ride-Hailing: How High Can Take Rates Go ?” However, this strategy can also hurt the companies, especially in a competitive landscape. Take rate is the… Continue reading Charticle: Increasing take rates can be a double-edged sword for SE Asia’s online platforms
The LP View: Funds need to adapt if they seek to add limited partners from S Korea, Japan
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Startup megadeals in India rebound to touch two-year high in May
A spurt in megadeals, or transactions worth at least $100 million, last month brought some respite to Indian startups grappling with a funding slowdown for many months now. At least six megadeals worth $1.07 billion were closed in May, the highest in the past two years, both in terms of value and volume, according to… Continue reading Startup megadeals in India rebound to touch two-year high in May
Norway wealth fund to vote against Musk’s $56b Tesla pay package
Norway‘s $1.7-trillion sovereign wealth fund said on Saturday it will vote against ratifying Tesla CEO Elon Musk’s $56-billion pay package, which is up for a shareholder vote next week, after a Delaware judge invalidated it earlier this year. The fund is Tesla‘s eighth-biggest shareholder, according to LSEG data. Musk’s pay, the largest for a chief executive in corporate America, was approved in 2018, but voided by a judge earlier this year, who… Continue reading Norway wealth fund to vote against Musk’s $56b Tesla pay package
Flipkart, PhonePe IPOs could take couple of years, says Walmart execWalmart may put an initial public offering of PhonePe ahead of Flipkart.
Initial public offerings of Walmart’s Flipkart marketplace and PhonePe digital payments platform could take a couple of years, a Walmart executive said. “This is something we’re looking at over the next couple of years,” Walmart’s executive vice president for corporate affairs, Dan Bartlett, said on the sidelines of the company’s shareholder meeting near its Bentonville, Arkansas, headquarters, late on Thursday. Walmart may put an initial public offering of PhonePe ahead of Flipkart, even though Flipkart is a more mature… Continue reading Flipkart, PhonePe IPOs could take couple of years, says Walmart execWalmart may put an initial public offering of PhonePe ahead of Flipkart.
Japan’s convenience store chains chase elixir of growth across Asia
It’s 50 years since Kenji Yamamoto opened the doors at what would become part of the fabric of Japan: the country’s first modern-day convenience store. But 50 years from now, Japan’s population is projected to shrink by close to a third, and the fate of a multibillion-dollar industry will hang on how its big players… Continue reading Japan’s convenience store chains chase elixir of growth across Asia
‘Community-centric’ approach helped Amartha grow profits 4x in 2023, says CFO
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SoftBank-backed metaverse platform The Sandbox raises $20m via convertible notes
The Sandbox, a subsidiary of Hong Kong-based gaming software firm and Web3 investment powerhouse, has secured $20 million of convertible promissory notes at a $1 billion valuation. London-based investment firm Kingsway Capital and Animoca Brands co-led the investment, according to a release. LG Technology Ventures, the venture capital investment arm of South Korean multinational conglomerate… Continue reading SoftBank-backed metaverse platform The Sandbox raises $20m via convertible notes