Author: Deal Street Asia Online News

India startups 3SC, Matel and OTPless secure fundingOTPless, set up by the founding team of BharatPe, has raised $3.5 million in its pre-series A fund…

Supply chain solutions firm 3SC,  homegrown mobility solutions company Matel, and OTPless, set up by the founding team of fintech BharatPe, have announced fundraising updates. 3SC snags an additional $4m Supply chain solutions firm 3SC has raised an additional $4 million in a funding round from existing investor GEF Capital’s South Asia Growth Fund. The… Continue reading India startups 3SC, Matel and OTPless secure fundingOTPless, set up by the founding team of BharatPe, has raised $3.5 million in its pre-series A fund…

Vertex Ventures launches $64m inaugural Japan-focused fund

Vertex Ventures Japan (VVJ) on Friday announced the launch of its 10 billion yen ($64 million) debut fund, which is anchored by Singapore-based Vertex Holdings. VVJ is part of the Vertex family of funds that operate in China, Israel, Southeast Asia and India, as well as the US. Each fund is independently managed and focuses… Continue reading Vertex Ventures launches $64m inaugural Japan-focused fund

Xpeng says US tariffs on Chinese EVs detrimental to meeting carbon neutrality

Chinese electric vehicle maker Xpeng said on Friday new U.S. tariffs on Chinese EVs are detrimental to achieving carbon neutrality and green energy transition. Xpeng co-President Brian Gu said he hopes the United States can become more open, allowing global products to enter and compete in the U.S. market. He was speaking in Hong Kong… Continue reading Xpeng says US tariffs on Chinese EVs detrimental to meeting carbon neutrality

Indonesia raises $1.3b in its largest Samurai bond sale

Indonesia raised 200 billion yen ($1.28 billion) in its largest sale of Japanese yen-denominated bonds, the finance ministry said in a statement on Friday. Indonesia, a regular issuer of Samurai bonds, sold 50 billion yen of three-year notes with a 0.99% coupon, 88 billion yen of five-year notes with a 1.33% coupon, 17.7 billion yen… Continue reading Indonesia raises $1.3b in its largest Samurai bond sale

Singapore’s finance admin startup Osome raises $17m in Series B+ roundWith this, the company has completed its Series B round at $40+ million in total…

Osome, a Singapore-based finance admin platform for founders and small and medium businesses, has raised $17 million in its Series B extension round, which is a mix of equity and debt, from new and existing investors, according to an announcement. This development comes two years after the company raised $25 million in a Series B… Continue reading Singapore’s finance admin startup Osome raises $17m in Series B+ roundWith this, the company has completed its Series B round at $40+ million in total…

Indonesian investment firm Saratoga said to be exiting Antangin maker Deltomed

IDX-listed investment firm PT Saratoga Investama Sedaya Tbk is understood to have finalised its exit from herbal product firm PT Deltomed Laboratories, the maker of the popular Antangin syrup. Saratoga is said to have sold its stake back to the Rahardjo family, the founders of Deltomed Laboratories, according to multiple sources familiar with the matter.… Continue reading Indonesian investment firm Saratoga said to be exiting Antangin maker Deltomed

Indian conglomerate Vedanta approves $1b fundraise

Indian metals-to-oil conglomerate Vedanta on Thursday said its board approved a fundraise of up to 85 billion rupees ($1.02 billion). The company also declared its first interim dividend amounting to 40.89 billion rupees. The billionaire Anil Agarwal-led company said that its committee of directors will decide on the structure of the fundraise, where the proposal… Continue reading Indian conglomerate Vedanta approves $1b fundraise