China’s Didi Global is in advanced talks to sell its smart driving and cockpit assets to state-backed digital mapping firm NavInfo’s unit, as the ride-hailer focuses on its core business after a bruising regulatory crackdown, three sources said. Didi plans to sell the assets to AutoAi, a provider of intelligent cockpits-related software and hardware, in exchange for a… Continue reading China’s Didi in talks to sell smart driving assets to NavInfo’s unit: reportDidi plans to sell the assets to AutoAi.
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Schola rebrands to BrightCHAMPS Vietnam, plans to invest $10m in two yearsBrightCHAMPS, backed by Binny Bansal, had bought Schola for $15m in 2022.
Vietnamese English communications platform Schola has rebranded to BrightCHAMPS Vietnam and announced that it will invest close to $10 million over two years in Vietnam. The move comes after edtech startup BrightCHAMPS, backed by Flipkart co-founder Binny Bansal, bought Schola for $15 million in a cash-and-stock deal in 2022. BrightChamps, which is currently valued at… Continue reading Schola rebrands to BrightCHAMPS Vietnam, plans to invest $10m in two yearsBrightCHAMPS, backed by Binny Bansal, had bought Schola for $15m in 2022.
India Digest: Rebel Foods, Eruditus in talks to raise funds; HouseEazy snags $7mHouseEazy has raised $7m Series A funding in a mix of equity and debt …
Cloud kitchen startup Rebel Foods is reportedly in talks to raise $120 million in a fresh round led by Singapore’s Temasek while Eruditus, an Indian edtech startup, is in the advanced stages of talks to secure about $150 million. Separately, HouseEazy said it has raised $7 million in Series-A funding in a mix of equity… Continue reading India Digest: Rebel Foods, Eruditus in talks to raise funds; HouseEazy snags $7mHouseEazy has raised $7m Series A funding in a mix of equity and debt …
Velocity floats $48m festive season fund for India’s D2C, e-commerce brandsThe cash flow-based financing platform earmarked Rs 250 crore for D2C brand…
Cash flow-based financing platform Velocity announced on Monday the launch of a $48 million (Rs 400 crore) fund to support the financing needs of D2C and e-commerce brands in the upcoming festive season. The cash flow-based financing platform earmarked Rs 250 crore last year for D2C brands—marking a 60% increase this year. The fund will… Continue reading Velocity floats $48m festive season fund for India’s D2C, e-commerce brandsThe cash flow-based financing platform earmarked Rs 250 crore for D2C brand…
Mubadala, CBC Group to buy UCB’s Chinese neurology and allergy business for $680mCBC and Mubadala had co-led a $315m investment in China’s Hasten Biop…
Abu Dhabi sovereign investor Mubadala Investment Company and Asia healthcare-focused asset management firm CBC Group will acquire a 100% stake in UCB Pharma’s neurology and allergy business in China for $680 million. Belgium-headquartered UCB will sell its neurology portfolio of drugs including Keppra, Vimpat, Neupro, and its allergy portfolio of drugs covering Zyrtec, and Xyzal… Continue reading Mubadala, CBC Group to buy UCB’s Chinese neurology and allergy business for $680mCBC and Mubadala had co-led a $315m investment in China’s Hasten Biop…
SEA Digest: PIDG loan for Vietnam’s Dat Bike; Passenger EV sales triple in 2023The loan will allow Dat Bike to more than double its production capacit…
InfraCo Asia, part of The Private Infrastructure Development Group (PIDG) company, has provided a $4-million convertible loan to Vietnamese electric two-wheeler manufacturing company Dat Bike while annual passenger EV sales in SE Asia more than tripled in 2023, according to a report. PIDG announces investment in Dat Bike InfraCo Asia, part of The Private Infrastructure… Continue reading SEA Digest: PIDG loan for Vietnam’s Dat Bike; Passenger EV sales triple in 2023The loan will allow Dat Bike to more than double its production capacit…
Vertex Ventures China closes second RMB fund at over $490mVertex China is deploying capital from its second RMB and fifth USD fund.
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The LP View: Taiwan’s AppWorks bullish on SE Asian VCs, co-investmentsAppWorks institutionalised its fund investing activity in early 2022.
Taiwan’s startup accelerator and investment firm AppWorks sees primary fund investing as a way to cultivate the next generation of general partners (GPs) and bridge the venture capital (VC) industry between Taiwan and Southeast Asia, a top company executive said. Go to Source
India’s Cornerstone Ventures eyes first close of second fund at about $40m by SeptThe firm is in talks with several large domestic institutions and it…
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Peak XV-backed e-scooter startup Beam faces fraud probe in ANZ: ReportThe firm has been accused of cheating local governments of thousands of dollars …
Singapore-headquartered Beam Mobility is being investigated by local authorities in Australia and New Zealand for manipulating monitoring software to run more e-scooters and bikes than permitted on the streets, according to a report by the Weekend Australian. Beam, which is backed by Affirma Capital and Peak XV Partners, is being scrutinised by at least five… Continue reading Peak XV-backed e-scooter startup Beam faces fraud probe in ANZ: ReportThe firm has been accused of cheating local governments of thousands of dollars …