Author: Deal Street Asia Online News

Macquarie to buy South Korea data centre for $537mGlobal tech giants Google, Amazon and Meta have built data centres in South Korea.

Macquarie will buy a data centre in South Korea for 734 billion won ($537 million) as the artificial intelligence boom drives demand for cloud computing and data warehouses in the country. Macquarie Korea Infrastructure Fund, through its special purpose firm Green Digital Infra, updated the market about the deal, adding that the investment could go up… Continue reading Macquarie to buy South Korea data centre for $537mGlobal tech giants Google, Amazon and Meta have built data centres in South Korea.

Indian e-scooter maker Ola Electric’s $734m IPO fully subscribed on Day 2Ola will use the proceeds to invest in its in-house cell manufacturing.

Ola Electric‘s $734 million initial public offering (IPO) was fully subscribed on the second day of bidding, reaching the target amid a sharp sell-off in global equity markets. The SoftBank-backed company’s IPO, the first by an electric vehicle maker in India and also the country’s biggest this year, has received bids worth about $447 million, 1.06 times the… Continue reading Indian e-scooter maker Ola Electric’s $734m IPO fully subscribed on Day 2Ola will use the proceeds to invest in its in-house cell manufacturing.

Chineses reusable rocket developer Deep Blue pockets almost $140m in Series BThe investment comes shortly after the firm sealed its Series B and Serie…

Beijing Deep Blue Space Aerospace Technology, also known as Shenlan Space, has pocketed 1 billion yuan ($139.7 million) in a Series B2 round led by a state-owned investment holding group affiliated with the Wuxi National Hi-Tech District.  The proceeds will help accelerate Deep Blue’s R&D and manufacturing scale, as the firm seeks commercialisation of its… Continue reading Chineses reusable rocket developer Deep Blue pockets almost $140m in Series BThe investment comes shortly after the firm sealed its Series B and Serie…

India’s Pantomath bags $119m commitments for Fund II to back pre-IPO firmsBVF aims to capitalise on pre-IPO investment opportunities in Indian growth-…

India Inflection Opportunity Trust (IIOT), managed by Pantomath Capital Management, on Monday said it has raised Rs 1,000 crore ($119 million) for its second fund Bharat Value Fund (BVF) of Rs 2,000 crore to back pre-IPO companies in India. The firm said that the Rs 2,000 crore includes a greenshoe option of Rs 1,000 crore… Continue reading India’s Pantomath bags $119m commitments for Fund II to back pre-IPO firmsBVF aims to capitalise on pre-IPO investment opportunities in Indian growth-…

Mokobara, The Whole Truth Foods-backer Sauce.VC closes third fund at $44mSauce.VC launched its first fund in 2019 with a target corpus of Rs 60 crore.

Consumer-focused early-stage venture capital firm Sauce.VC, which has backed the likes of Mokobara and The Whole Truth, has closed its third pre-seed fund at Rs 365 crore ($44 million). The final close comes months after Sauce.VC floated the fund, with a target corpus of Rs 250 crore. The fund said 95% of the LPs are… Continue reading Mokobara, The Whole Truth Foods-backer Sauce.VC closes third fund at $44mSauce.VC launched its first fund in 2019 with a target corpus of Rs 60 crore.

Xpeng’s electric flying car unit snaps $150m, eyes pre-orders in Q4Xpeng Aeroht plans to start deliveries in Q4 2025.

Xpeng Aeroht, a subsidiary of EV maker Xpeng, has raked in $150 million in a Series B1 funding round as the firm looks to kickstart preorders for its modular flying car in Q4 this year and start deliveries to consumers in Q4 2025. Xpeng Aeroht did not disclose investor details, according to a company release… Continue reading Xpeng’s electric flying car unit snaps $150m, eyes pre-orders in Q4Xpeng Aeroht plans to start deliveries in Q4 2025.

India: ShareChat raises $16m debt financing from EDBI, lays off 5% staffDealStreetAsia reported in May that EDBI has evinced interest in investing in …

Mohalla Tech, the parent entity of the vernacular social media platform ShareChat and short-video entertainment app Moj, has raised an additional $16 million in debt financing from Singapore-based EDBI, taking the total amount raised in its ongoing round to $65 million. The announcement comes three months after DealStreetAsia reported that EDBI, the corporate venture capital arm… Continue reading India: ShareChat raises $16m debt financing from EDBI, lays off 5% staffDealStreetAsia reported in May that EDBI has evinced interest in investing in …