Taiwanese smart logistics firm BBTruck has announced raising $6 million in a pre-Series A funding round that will help finance its global market expansion. The round, which brings the startup’s total funding to $6.5 million, was co-anchored by Oasis Venture, H2U Corp, and Starworks Entrepreneurial Venture Capital, per the announcement. BBTruck, founded in 2019, operates… Continue reading Taiwanese logistics player BBTruck raises $6m in pre-Series A fundingThe round was co-anchored by Oasia Venture, H2U Corp, and Starworks Entrepreneuri…
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SG’s contaminant detection provider Aprisium bags $7m in Series A roundThe round was led by Deep-Tech Venture Partners and Cocoon Capital.
Aprisium, a Singapore-based provider of advanced contaminant detection and monitoring solutions, has announced the completion of its oversubscribed $7-million Series A funding round. The round was led by Deep-Tech Venture Partners and Cocoon Capital, with significant participation from Woh Hup and Solisa Peppercorn. The proceeds will be used to further accelerate Aprisium’s expansion into Europe,… Continue reading SG’s contaminant detection provider Aprisium bags $7m in Series A roundThe round was led by Deep-Tech Venture Partners and Cocoon Capital.
Ola Electric gets bids worth $1.8b in India’s first EV IPOThe SoftBank-backed company’s $734 million IPO is India’s biggest so far this year.
Ola Electric’s IPO drew $1.8 billion in bids as the share sale closed on Tuesday, as investors piled into the first stock offering by a pure-play electric vehicle maker in India. The SoftBank-backed company’s $734 million IPO, also India’s biggest so far this year, received bids for 1.99 billion shares, about 4.3 times the number… Continue reading Ola Electric gets bids worth $1.8b in India’s first EV IPOThe SoftBank-backed company’s $734 million IPO is India’s biggest so far this year.
GPs come up with creative solutions amid bleak exit environment in SE AsiaSome PE firms in the region are trying to sell ageing assets.
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Vertex Ventures backs S Korean quantum security firm NormaNorma is looking at raising a bridge round and plans to go public in H2 2025.
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OpenAI co-founder John Schulman joins rival AnthropicOpenAI is facing significant personnel changes.
John Schulman, one of the co-founders of artificial intelligence company OpenAI, has left the ChatGPT maker for rival Anthropic, he said in a post on social media platform X late Monday. “This choice stems from my desire to deepen my focus on AI alignment, and to start a new chapter of my career where I can… Continue reading OpenAI co-founder John Schulman joins rival AnthropicOpenAI is facing significant personnel changes.
Telkom Indonesia taps Goldman, Mandiri to rope in investors for data centre businessGoldman is the global financial advisor and Mandiri Sekuritas is t…
Indonesia‘s state-owned communication giant Telkom Indonesia has appointed Goldman Sachs and Mandiri Sekuritas to help it find a strategic investor for its data centre business, according to a senior company official. Goldman Sachs is the global financial advisor for the project and Mandiri Sekuritas is the lead advisor, Telkom‘s Senior Vice President of Corporate Communication and Investor Relation Ahmad… Continue reading Telkom Indonesia taps Goldman, Mandiri to rope in investors for data centre businessGoldman is the global financial advisor and Mandiri Sekuritas is t…
Chinese state enterprise launches megaconstellation to rival Starlink: reportThe launch took place at Taiyuan Satellite Launch Centre.
A Chinese state-owned enterprise on Monday launched the first batch of satellites for a megaconstellation designed to rival US company Space X’s Starlink’s near-global internet network, a state-backed newspaper reported. The launch marks an important step in Beijing’s strategic goal of creating its own version of Starlink, a growing commercial broadband constellation that has about 5,500 satellites in space and is… Continue reading Chinese state enterprise launches megaconstellation to rival Starlink: reportThe launch took place at Taiyuan Satellite Launch Centre.
Saudi wealth fund PIF pumps another $1.5b into EV maker LucidThe EV maker is sufficiently funded till Q4 2025.
Lucid Group said on Monday its largest shareholder, Saudi Arabia’s Public Investment Fund, will inject up to $1.5 billion in cash, as the electric vehicle maker looks to ramp up production of a new SUV. The EV maker’s shares jumped about 6% in extended trading after closing down 3.9% in the regular session. The deal comes just… Continue reading Saudi wealth fund PIF pumps another $1.5b into EV maker LucidThe EV maker is sufficiently funded till Q4 2025.
9Basil Group hits final close of second private equity fundThe firm aims to invest more in its funds alongside investors to build a larger permanent c…
9Basil Group, a value-focused alternative investment firm, has completed the final close of its second private equity fund, the company said on Monday. Financial details of the corpus raised for the second fund remain undisclosed. After distributing over $35.3 million this year, the firm’s assets under management have grown to over $300 million. Investors include… Continue reading 9Basil Group hits final close of second private equity fundThe firm aims to invest more in its funds alongside investors to build a larger permanent c…