Author: Deal Street Asia Online News

India’s GalaxEye raises $10m Series A to launch satellite in 2025MGF–Kavachh, Speciale Invest and Mela Ventures invested.

Indian space tech startup GalaxEye has closed a $10 million Series A round, as it gears up to launch its first satellite next year. The latest funding tranche roped in MountTech Growth Fund – Kavachh as a strategic investor. MGF-Kavachh is India’s critical tech-focused fund with former Union Defence Secretary Ajay Kumar as its founder… Continue reading India’s GalaxEye raises $10m Series A to launch satellite in 2025MGF–Kavachh, Speciale Invest and Mela Ventures invested.

Fidelity, Norges among anchor investors in Swiggy IPOSwiggy’s IPO will open for public subscription from Nov. 6 to Nov. 8.

Swiggy sold shares worth $605 million to institutional investors including Fidelity and Norges on Tuesday as the food delivery firm launches a $1.35 billion IPO that will be India’s second-largest stock offering this year. Norway’s sovereign wealth fund Norges was allocated 4.46% of the portion reserved for big “anchor” investors and Nomura purchased 4.13%, while… Continue reading Fidelity, Norges among anchor investors in Swiggy IPOSwiggy’s IPO will open for public subscription from Nov. 6 to Nov. 8.

India recalls Flipkart antitrust probe report after Xiaomi complaintXiaomi argued the antitrust report contained its model-wise sales, which are sensi…

India’s antitrust body has recalled its investigation report into competition law breaches by e-commerce giant Walmart’s Flipkart, a document shows, the second such move after a report on Apple was revoked in August. China’s Xiaomi had complained to the Competition Commission of India (CCI) that the report – which found Flipkart, some of its sellers,… Continue reading India recalls Flipkart antitrust probe report after Xiaomi complaintXiaomi argued the antitrust report contained its model-wise sales, which are sensi…

Hong Kong hedge fund Zeal Asset to shut next year, return investor moneyOffshore China-focused hedge funds have been struggling to raise funds since 2…

Hong Kong-based hedge fund firm Zeal Asset Management said on Tuesday it will cease operating next year and return over $1.6 billion in investor capital as its founders plan to retire. “After a successful yet tumultuous journey since 2009, the founding partners of the firm have decided to start planning for retirement from the asset management business,… Continue reading Hong Kong hedge fund Zeal Asset to shut next year, return investor moneyOffshore China-focused hedge funds have been struggling to raise funds since 2…

Ampd Energy bags $27.3m in Series B round led by Kibo Invest, OpenspaceThe round was backed by MTR Lab, Taronga Ventures, and 2150.

Hong Kong- and Singapore-based energy storage systems maker Ampd Energy has raised $27.3 million in a Series B funding round led by private investment firm Kibo Invest and venture capital firm Openspace Ventures, per an announcement. The round was backed by existing investors MTR Lab, the investment arm of Hong Kong railway operator MTR Corporation; Asian real estate… Continue reading Ampd Energy bags $27.3m in Series B round led by Kibo Invest, OpenspaceThe round was backed by MTR Lab, Taronga Ventures, and 2150.

SG Digest: First university-dedicated VC fund launched; India’s HCL Technologies to launch AI labThe Nanyang Frontier Fund was launched on Monday by S…

Singapore’s Nanyang Technological University (NTU) and Walden International have launched a S$50-million fund to support deeptech startups, while India’s HCL Technologies is launching an artificial intelligence laboratory in the city state. NTU, Walden International launch $38m deeptech fund Singapore’s Nanyang Technological University (NTU) and venture capital firm Walden International have launched a S$50-million ($38 million)… Continue reading SG Digest: First university-dedicated VC fund launched; India’s HCL Technologies to launch AI labThe Nanyang Frontier Fund was launched on Monday by S…

SEA Digest: Indonesia’s Dash, Singapore’s Capital C and BuzzAR raise fundingDash was founded by GoTo and DHL alumni Aditya Brahmana and Robert Muliant…

Indonesia’s last-mile logistics startup Dash has secured undisclosed seed funding, while Singapore fintech firm Capital C and AI startup BuzzAR have also raised capital. Dash closes seed funding led by The Radical Fund Indonesia’s last-mile solutions startup Dash has secured undisclosed seed funding co-led by climate-focused The Radical Fund and Bali Investment Club. Other participants… Continue reading SEA Digest: Indonesia’s Dash, Singapore’s Capital C and BuzzAR raise fundingDash was founded by GoTo and DHL alumni Aditya Brahmana and Robert Muliant…

AI startup Physical Intelligence raises $400m from Bezos, OpenAI, others at $2b valuationVC firms Thrive Capital and Lux Capital also participated.

Physical Intelligence, a startup that is developing foundational software for robots, said on Monday it raised $400 million in early-stage funding from Amazon’s Jeff Bezos, OpenAI, venture capital firms Thrive Capital and Lux Capital. The new funds were raised at a $2 billion valuation, PitchBook data showed. Physical Intelligence is seeking to make a software that would work… Continue reading AI startup Physical Intelligence raises $400m from Bezos, OpenAI, others at $2b valuationVC firms Thrive Capital and Lux Capital also participated.