Southeast Asian proptech firm PropertyGuru, which had reported a net profit in Q3 and Q4 2023, returned back to the red in the first quarter of 2024. However, it reduced its net losses year-on-year and posted higher revenues in the March quarter. According to US-listed PropertyGuru’s latest filings, the firm cut its net losses by… Continue reading PropertyGuru returns to the red in Q1 after two profitable quarters
Author: Deal Street Asia Online News
US trade commission probing complaint that VinFast violated ArcelorMittal’s patent
The US International Trade Commission said Monday it is investigating a complaint filed by ArcelorMittal that Vietnamese automaker VinFast violated its patents related to high-strength aluminium and aluminium alloy-coated steel in imported vehicles. ArcelorMittal in April filed a complaint with the ITC and also filed suit against VinFast in US District Court in California, accusing the automaker… Continue reading US trade commission probing complaint that VinFast violated ArcelorMittal’s patent
US auto safety investigators probing VinFast crash in California that killed four
US auto safety investigators said on Monday they have launched an investigation into the April crash of a VinFast VF 8 electric vehicle in Pleasanton, California, in which a family of four died. The National Highway Traffic Safety Administration said the investigation will probe the April 24 crash circumstances and the ensuing fire. A complaint… Continue reading US auto safety investigators probing VinFast crash in California that killed four
Data Vantage: Hello Health, Lazada, CNV, Pine Labs and UangCermat in focus
This web version of the DATA VANTAGE twice-weekly premium newsletter is available only to our premium subscribers. Unlock access by picking up any of our premium subscription plans. 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 scoops… Continue reading Data Vantage: Hello Health, Lazada, CNV, Pine Labs and UangCermat in focus
Sopoong Ventures looks to raise seventh fund to back climate startups in SE Asia, KoreaIn 2022, Sopoong Ventures closed its sixth fund at around $8m.
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Malaysia-based PE firm Creador set to make $700m first close for sixth vehicle
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Malaysian pension fund KWAP set to launch ‘Dana Pemacu’ growth fund initiative
As part of its efforts to catalyse the private equity ecosystem in the country, Malaysia’s public service retirement fund Kumpulan Wang Persaraan (KWAP) is preparing to unveil its growth fund strategy, Dana Pemacu, multiple sources aware of the development told DealStreetAsia. Go to Source
Armed with ChrysCap funding, India’s Centre for Sight earmarks $24m for M&As
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Venture capital funding in crypto rises 40% to $2.4b in Q1, show PitchBook data
Crypto startup funding rose for a second straight quarter to hit $2.4 billion in the first three months of 2024, PitchBook data showed, as expectations of lower interest rates and the debut of the first U.S. bitcoin spot ETF whetted investor appetite. Funding was spread across 518 deals and rose by 40.3% from the previous… Continue reading Venture capital funding in crypto rises 40% to $2.4b in Q1, show PitchBook data
Temasek-backed Pine Labs joins PhonePe, Meesho in shifting base to IndiaPine Labs is valued at over $5b and also backed by investors such as Invesco, …
Merchant commerce platform Pine Labs has received approval from a Singapore court to move its operations to India, joining a host of several companies that have either relocated or are in the process of relocating to India, regulatory filings showed. Valued at over $5 billion and backed by investors such as Invesco, Temasek, Peak XV,… Continue reading Temasek-backed Pine Labs joins PhonePe, Meesho in shifting base to IndiaPine Labs is valued at over $5b and also backed by investors such as Invesco, …