Galbot, an embodied artificial intelligence (AI) startup in China, has pocketed another 500 million yuan ($69 million) in a strategic funding round, shortly after closing its angel round in June. The round roped in a consortium of investors including Hengxu Capital, which is affiliated with state-owned automobile maker SAIC Motor Corp; Hong Kong Investment Corporation… Continue reading China’s embodied AI startup Galbot pockets another $69m in strategic roundExisting shareholders including IDG Capital, MPC, and others also re-upped i…
Author: Deal Street Asia Online News
SEA Digest: Oneteam raises seed round; Solarvest launches programme in VietnamOneteam’s funding round was led by Wavemaker Ventures.
Oneteam has raised $2.6 million in a seed funding round, while Malaysia-listed Solarvest Holdings Berhad has launched its Powervest solar financing programme in Vietnam. Singapore’s Oneteam raises $2.6m seed funding Oneteam, a Singapore-based startup that addresses pressing issues in the SME sector, has raised S$3.5 million ($2.6 million) in a seed funding round, according to… Continue reading SEA Digest: Oneteam raises seed round; Solarvest launches programme in VietnamOneteam’s funding round was led by Wavemaker Ventures.
Indonesian VC Ideosource winds down after over a decadeThe VC is in the process of selling its portfolio in the secondary market.
One of Indonesia’s oldest VCs, Ideosource, has announced that it will wind down operations as its only fund expired early this year. Most of its portfolio has been liquidated in the secondary market, and the team has ventured into other businesses. Go to Source
Canva-backer AirTree Ventures raises capital for two new fundsCore Fund V and Opportunity Fund V have raised $68m so far from US investors.
Go to Source
India’s Omnivore VC in talks to take another bite of healthy snacking brand FarmleyThe startup is looking to scale up its offline presence in the coun…
Go to Source
India’s markets regulator proposes tighter listing rules for SMEsSebi’s proposes to double the minimum application size for IPOs of SMEs.
India’s markets regulator on Tuesday proposed tighter rules for the initial public offerings of smaller firms, including setting an issue size for companies looking to go public and doubling the minimum investment amount at the least for prospective investors. The Securities and Exchange Board of India’s consultation paper proposed to raise the minimum application size for the IPOs… Continue reading India’s markets regulator proposes tighter listing rules for SMEsSebi’s proposes to double the minimum application size for IPOs of SMEs.
Hamilton Lane’s Rogers sees mojo in China as foreign capital dries up“When people say, ‘we are going to invest less in China’, that sounds like an opp…
Prospects for investments, growth, and returns still exist in China, even at a time when foreign investments into the country have hit their lowest level in decades, said Hartley Rogers, executive co-chairman of the $947 billion private markets investment firm Hamilton Lane. Go to Source
Blackstone to buy majority stake in sandwich chain Jersey Mike’s SubsBlackstone is said to be nearing a deal for Jersey Mike’s at around $8 billion, i…
Blackstone will acquire a majority stake in Jersey Mike’s Subs, the sandwich chain said on Tuesday, marking the private equity firm’s latest investment in a franchise business. Reuters had reported on Monday, citing a person familiar with the matter, that Blackstone was nearing a deal for Jersey Mike’s at around $8 billion, including debt. The deal underscores private equity firms’ increasing interest in franchise operators. Last year, private equity firm Roark Capital agreed to buy Subway, Jersey Mike’s bigger rival, in a deal valued… Continue reading Blackstone to buy majority stake in sandwich chain Jersey Mike’s SubsBlackstone is said to be nearing a deal for Jersey Mike’s at around $8 billion, i…
Accel replicates Swiggy playbook, backs newbie SwishAn early backer of Swiggy, Accel is tapping the growing demand for quick food delivery.
After logging nearly 35X from the initial public offering of food delivery firm Swiggy this month, Accel seems to be replicating its strategy by betting early on Swish, a rapid food delivery platform, amid rising demand for ultra-fast food delivery in India. An early backer of Swiggy, Accel led Swish’s $2-million seed funding round to… Continue reading Accel replicates Swiggy playbook, backs newbie SwishAn early backer of Swiggy, Accel is tapping the growing demand for quick food delivery.
India’s Mamaearth parent sheds $415m in market value as Q2 loss fans concernsThe stock touched a record low of 242.35 rupees on Tuesday.
Indian skincare firm Mamaearth’s parent Honasa Consumer wiped off nearly 35 billion rupees ($414.7 million) in market valuation in two sessions, after a second-quarter loss fanned demand concerns for the beauty products retailer. The stock touched a record low of 242.35 rupees on Tuesday, and has fallen by about 30% over the last two days.… Continue reading India’s Mamaearth parent sheds $415m in market value as Q2 loss fans concernsThe stock touched a record low of 242.35 rupees on Tuesday.