Author: Deal Street Asia Online News

PH logistics firm Mober secures $6m funding from Clime Capital

Philippines-based green logistics company Mober has announced raising $6 million in funding from Clime Capital, the Singapore fund manager focused on low-carbon transition. The fresh capital will be used to increase Mober’s fleet of electric vehicles (EV) to 238 from the current 60 and help establish a new 3,000 square metre charging facility by early… Continue reading PH logistics firm Mober secures $6m funding from Clime Capital

Term loan lenders push to drag more Byju’s units to bankruptcy

An ad-hoc group of Byju’s term loan lenders on Wednesday said it has filed to initiate bankruptcy proceedings against three units of the edtech firm in the US. “We have taken this action to protect and preserve the value of [Byju’s units] Epic, Neuron Fuel, and Tangible Play,” the lender group said in a statement.… Continue reading Term loan lenders push to drag more Byju’s units to bankruptcy

Indonesia reviewing investment laws to attract single family offices to Bali

Indonesia is reviewing investment laws in hopes of hosting single family offices (SFOs) in the holiday island of Bali, as it looks to replicate the wealth management success of neighbouring Singapore, a cabinet minister said on Wednesday. SFOs, or private companies set up to manage the wealth and business of rich families, are far more… Continue reading Indonesia reviewing investment laws to attract single family offices to Bali

India’s low-cost carrier SpiceJet plans to raise $250m

Indian low-cost carrier Spicejet plans to raise $250 million in the next two months in a new funding round, Chairman Ajay Singh told the CAPA India Aviation Summit on Wednesday. SpiceJet had announced three fundraises in 2023 to help clear unpaid dues and restore its fleet as it looked to return to full capacity and… Continue reading India’s low-cost carrier SpiceJet plans to raise $250m

Elliott said to rebuild stake in SoftBank, push for $15b buybackElliott Management has rebuilt a stake worth more than $2 billion in SoftBank Group, p…

Elliott Management has rebuilt a stake worth more than $2 billion in SoftBank Group and is pushing the Japanese technology investor to launch a $15 billion share buyback, the Financial Times (FT) reported on Wednesday. The activist investor has engaged directly with SoftBank’s senior management over the past two to three months, the report said,… Continue reading Elliott said to rebuild stake in SoftBank, push for $15b buybackElliott Management has rebuilt a stake worth more than $2 billion in SoftBank Group, p…

Space debris removal startup Astroscale jumps 51% in Tokyo debut

Shares of Japanese space junk removal startup Astroscale Holdings rose 51% in their debut on Tokyo’s growth market on Wednesday. The stock first traded at 1,281 yen per share, compared with an initial public offering (IPO) price of 850 yen, valuing the company at 145 billion yen ($934 million). The listing is “just a milestone, though a… Continue reading Space debris removal startup Astroscale jumps 51% in Tokyo debut

Elev8 leads $14m funding in AstroTalk and India deals worth $256m

AstroTalk, an Indian marketplace that connects consumers to astrologers for horoscope readings, birth chart analysis and live prayers, has raised about $14 million (Rs 110 crore) in a funding round led by Elev8 Venture Partners, per an announcement. The company raised $20 million in its Series A funding round in February led by Left Lane… Continue reading Elev8 leads $14m funding in AstroTalk and India deals worth $256m