Invesco has marked up the valuation of food delivery startup Swiggy by 9%, while MobiKwik is set to raise $105.7 million via a through an IPO. Invesco marks up Swiggy’s valuation to $8.3b US-based Invesco has marked up the valuation of food delivery startup Swiggy by 9% to $8.3 billion. The asset management company, which… Continue reading India Digest: Invesco marks up Swiggy’s valuation; MobiKwik revives IPO planInvesco had marked up its valuation to $7.85b in Oct from $5.5b previously…
Author: Deal Street Asia Online News
India’s Gujarat state in investment talks with chipmakers from Japan, US, South KoreaThe state is holding its biennial Vibrant Gujarat Global Summit n…
India’s Gujarat state is in talks with semiconductor companies in Japan, South Korea and the US for investment in the state, Gujarat Chief Minister Bhupendra Patel told Reuters on Thursday. Gujarat, which is Prime Minister Narendra Modi’s home state, is holding its biennial Vibrant Gujarat Global Summit next week and has signed initial investment agreements… Continue reading India’s Gujarat state in investment talks with chipmakers from Japan, US, South KoreaThe state is holding its biennial Vibrant Gujarat Global Summit n…
Three executives from ONE Championship’s C-suite team said to have quit
Go to Source
State-owned insurer New China Life to build $1.4b fund for property investments
New China Life Insurance is partnering with CICC Capital in the formation of a 10-billion-yuan ($1.4 billion) fund for investments in companies with real estate assets, as the state-owned life insurer joins an array of domestic peers bottom-fishing in the country’s property market. Beijing-based New China Life intends to contribute 9.999 billion yuan ($1.4 billion)… Continue reading State-owned insurer New China Life to build $1.4b fund for property investments
SG data centre thermal manager KoolLogix raising $8m from OCBCKoolLogix is raising the funds in two tranches, regulatory filings show.
Go to Source
China Digest: Full-Life Technologies, Vcare, Baoying Gases bag fundingFull-Life Technologies snapped $37m in a Series A round in May 2022.
Prosperity7 Ventures co-led Full-Life Technologies’s Series B round, while Vcare PharmaTech and Baoying Gases secured investments. Full-Life Technologies bags over $47m in Series B round Radiotherapeutics firm Full-Life Technologies has notched $47.3 million in a Series B equity financing round co-led by Prosperity7 Ventures, the $1-billion growth fund of Saudi Arabia’s Aramco Ventures. The fresh… Continue reading China Digest: Full-Life Technologies, Vcare, Baoying Gases bag fundingFull-Life Technologies snapped $37m in a Series A round in May 2022.
India Digest: Captain Fresh raises $13m; Surge leads funding in SalarySe
Captain Fresh has raised $13.25 million in an extended Series C funding round while SalarySe has raised about $5.2 million in its seed funding round. Nekkanti Sea Foods invests in Captain Fresh Captain Fresh, a B2B fish and seafood company, has raised $13.25 million in an extended Series C funding round led by Andhra Pradesh-based… Continue reading India Digest: Captain Fresh raises $13m; Surge leads funding in SalarySe
Data Vantage: Columbia Asia, Maya Innovations, Swap Energy and Nhi Dong 315 receive cash infusion
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: Columbia Asia, Maya Innovations, Swap Energy and Nhi Dong 315 receive cash infusion
India to launch communications satellite using SpaceX’s Falcon-9 rocketThe satellite aims to boost broadband communication in India’s remote regions.
India will launch a communications satellite using SpaceX‘s Falcon-9 rocket this year, its first partnership with a venture led by billionaire Elon Musk who also wants to expand his other businesses in the country. The high-capacity satellite aims to boost India’s broadband communication, especially in remote and unconnected regions of the country, state-run NewSpace India Ltd… Continue reading India to launch communications satellite using SpaceX’s Falcon-9 rocketThe satellite aims to boost broadband communication in India’s remote regions.
Tracing generative AI’s wild ride in 2023 and what it means for 2024
ChatGPT was well on its way to becoming a household name even before 2023 kicked off. Just weeks after the Nov. 30 launch of the generative artificial intelligence-powered chatbot, OpenAI, the non-profit behind ChatGPT, was projected to rake in as much as $1 billion in revenue in 2024, sources told Reuters at the time. The so-called large… Continue reading Tracing generative AI’s wild ride in 2023 and what it means for 2024