InfraCo Asia, part of The Private Infrastructure Development Group (PIDG) company, has provided a $4-million convertible loan to Vietnamese electric two-wheeler manufacturing company Dat Bike while annual passenger EV sales in SE Asia more than tripled in 2023, according to a report. PIDG announces investment in Dat Bike InfraCo Asia, part of The Private Infrastructure… Continue reading SEA Digest: PIDG loan for Vietnam’s Dat Bike; Passenger EV sales triple in 2023The loan will allow Dat Bike to more than double its production capacit…
Author: Deal Street Asia Online News
Vertex Ventures China closes second RMB fund at over $490mVertex China is deploying capital from its second RMB and fifth USD fund.
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The LP View: Taiwan’s AppWorks bullish on SE Asian VCs, co-investmentsAppWorks institutionalised its fund investing activity in early 2022.
Taiwan’s startup accelerator and investment firm AppWorks sees primary fund investing as a way to cultivate the next generation of general partners (GPs) and bridge the venture capital (VC) industry between Taiwan and Southeast Asia, a top company executive said. Go to Source
India’s Cornerstone Ventures eyes first close of second fund at about $40m by SeptThe firm is in talks with several large domestic institutions and it…
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Peak XV-backed e-scooter startup Beam faces fraud probe in ANZ: ReportThe firm has been accused of cheating local governments of thousands of dollars …
Singapore-headquartered Beam Mobility is being investigated by local authorities in Australia and New Zealand for manipulating monitoring software to run more e-scooters and bikes than permitted on the streets, according to a report by the Weekend Australian. Beam, which is backed by Affirma Capital and Peak XV Partners, is being scrutinised by at least five… Continue reading Peak XV-backed e-scooter startup Beam faces fraud probe in ANZ: ReportThe firm has been accused of cheating local governments of thousands of dollars …
Qiming invests in Photon Crystal and 25 other Greater China Deals worth almost $1.8bThe firm previously snapped $22.3m in a Series A round last year.
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India: 360 ONE Asset raises $500m for secondary fundThe firm expects to make 20 investments from the vehicle.
360 ONE Asset Management, formerly known as IIFL Asset Management Ltd, has raised $500 million for its first secondary fund just three months after its launch. The firm expects to hit a final close in a few weeks. The fund has made six investments so far. It is intending to make 20 such investments. In… Continue reading India: 360 ONE Asset raises $500m for secondary fundThe firm expects to make 20 investments from the vehicle.
SoftBank-backed Swiggy targets $15b valuation in India IPOThe deal would make it one of the biggest Indian initial public offerings this year.
SoftBank-backed Indian food delivery giant Swiggy is targeting a valuation of around $15 billion for its upcoming stock market offering to raise $1-1.2 billion, three people familiar with the matter said. The deal would make it one of the biggest Indian initial public offerings this year. Swiggy competes with Zomato in India’s online restaurant and cafe food delivery… Continue reading SoftBank-backed Swiggy targets $15b valuation in India IPOThe deal would make it one of the biggest Indian initial public offerings this year.
Asian Infrastructure Investment Bank issues first digital bond, raises $300mDigital bonds are debt instruments that are issued on a blockchain or a di…
The Asian Infrastructure Investment Bank issued its first digital bond on Friday, raising $300 million, Euroclear said in a statement. The issue is the first dollar-denominated digital issuance for Euroclear and the first issuance by an Asia-based issuer on its platform, using its distributed ledger technology system. Digital bonds are debt instruments that are issued on a… Continue reading Asian Infrastructure Investment Bank issues first digital bond, raises $300mDigital bonds are debt instruments that are issued on a blockchain or a di…
Alibaba gets shareholder nod to upgrade Hong Kong listingThe move is aimed at attracting investments from mainland China.
Shareholders of Chinese e-commerce giant Alibaba have approved a plan to upgrade its Hong Kong listing to primary status, the company said on Friday, a move that is expected to attract huge investments from mainland China. The Jack Ma founded firm had originally proposed the idea a couple of years ago at a time when there was… Continue reading Alibaba gets shareholder nod to upgrade Hong Kong listingThe move is aimed at attracting investments from mainland China.