Author: Deal Street Asia Online News

South Korean AI chip makers Rebellions and Sapeon to mergeThe deal is the latest attempt by Korean companies to challenge global AI chip leaders.

South Korean artificial intelligence chip makers Rebellions Inc and Sapeon Korea Inc have signed a definitive merger agreement, the privately held companies said on Sunday. They announced merger negotiations in June. The deal is the latest attempt by South Korean companies to challenge global AI chip leaders such as Nvidia. Sapeon’s shareholders include South Korea’s largest telecom… Continue reading South Korean AI chip makers Rebellions and Sapeon to mergeThe deal is the latest attempt by Korean companies to challenge global AI chip leaders.

Singapore’s Antler to double down on Vietnam from Fund IIThe firm will commit $6m to support 10 innovative local startups over the next nine months.

Erik Jonsson, Partner, Antler Global venture capital (VC) firm Antler, which recently announced the final close of its second Southeast Asia fund at $72 million, is looking to amp up its game in Vietnam in the coming months. Start your deal-making journey now! Subscribe now to enjoy unlimited access at just $59. Premium coverage on private… Continue reading Singapore’s Antler to double down on Vietnam from Fund IIThe firm will commit $6m to support 10 innovative local startups over the next nine months.

Warburg buys majority stake in Indian furniture hardware firm EbcoThe promoters will retain a significant minority stake in Ebco.

Indian furniture hardware company Ebco has sold a majority stake to private equity (PE) giant Warburg Pincus. The promoters will retain a significant minority stake in Ebco and will be actively involved in the future growth of the business, the company said in a statement. Founded in 1963, Ebco is one of India’s oldest and… Continue reading Warburg buys majority stake in Indian furniture hardware firm EbcoThe promoters will retain a significant minority stake in Ebco.

Ola Electric’s valuation soars to $7b on e-motorcycle launch, battery planIt was valued at $5.4b in a September 2023 pre-IPO funding round.

India’s top e-scooter maker Ola Electric Mobility surged 20% on Friday to reach a valuation of 586.64 billion rupees ($6.99 billion), after it launched a new line of motorcycles and on bets it will lower costs by using its own batteries. The e-motorcycle launch is set to intensify competition in the world’s second-largest two-wheeler market,… Continue reading Ola Electric’s valuation soars to $7b on e-motorcycle launch, battery planIt was valued at $5.4b in a September 2023 pre-IPO funding round.

EQT to acquire South Korean waste treatment platform KJ EnvironmentEQT is making the acquisition via its sixth infrastructure fund.

Swedish investment firm EQT said on Friday it has agreed to acquire KJ Environment and affiliated companies from Seoul-based investment firm Genesis Private Equity to establish a waste treatment platform in South Korea. EQT said it is making the acquisition via its sixth infrastructure fund. The deal would give the platform, which will focus on… Continue reading EQT to acquire South Korean waste treatment platform KJ EnvironmentEQT is making the acquisition via its sixth infrastructure fund.

Vietnam’s FEBE Ventures adds global touch to portfolio with Fund IIThe firm has been actively investing in Silicon Valley, Brazil, and India.

Vietnam-based venture capital firm FEBE Ventures, which announced its $75-million second fund in November last year, is actively investing in Silicon Valley, Brazil, and India and aiming to enhance its portfolio with companies capable of scaling internationally, a top executive told DealStreetAsia. Go to Source