DOON has announced raising $1.5 million in its pre-seed funding round, while Supafaya has secured fresh investment. P2P car-sharing startup DOON secures $1.5m funding DOON, the first peer-to-peer car-sharing platform in the Philippines, has announced raising $1.5 million in debt and equity in its pre-seed funding round. The startup said it raised $500,000 in equity… Continue reading PH Digest: Car-sharing platform DOON, marketplace Supafaya secure fundingDOON secured $500K in equity funding and $1m in debt facility.
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Taiwanese e-scooter giant Gogoro faces subsidy fraud allegationsThe firm went public in April 2022 via a merger with blank-cheque firm Poema Global Ho…
Taiwan’s Gogoro Inc, an electric scooter and energy-swapping giant backed by conglomerate Ruentex Group, is embroiled in an alleged subsidy fraud for using mainland China-made components instead of locally-produced parts in some of its products. Multiple law firms notified investors in the past two days that they have commenced investigations into the Nasdaq-listed Gogoro in… Continue reading Taiwanese e-scooter giant Gogoro faces subsidy fraud allegationsThe firm went public in April 2022 via a merger with blank-cheque firm Poema Global Ho…
ABC Impact leads $30m funding in Aye Finance and India deals worth $363mWith this round, Aye Finance has raised a total equity funding of nearly $150m…
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Digital health startup FathomX, S Korean AI firm AIZEN raise fresh fundsFathomX sees to raise $4m at a pre-money valuation of $15m.
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Australia’s Healius to sell diagnostic imaging arm to Affinity for $657mThe country’s competition regulator rejected its $1b takeover by Australian Cl…
Australia’s Healius said on Monday it would sell its diagnostic imaging arm Lumus Imaging to private equity firm Affinity Equity Partners for an enterprise value of A$965 million ($657 million). Healius started a formal process in March to explore options for a sale of Lumus as part of a strategic review after the country’s competition… Continue reading Australia’s Healius to sell diagnostic imaging arm to Affinity for $657mThe country’s competition regulator rejected its $1b takeover by Australian Cl…
India’s HDFC Bank-backed HDB Financial gears up for $299m IPOExisting shareholders will also sell some stake in the IPO via an offer for sale.
India’s HDB Financial Services, a unit of HDFC Bank, has approved raising 25 billion rupees ($299 million) through a fresh issue of shares in its initial public offering (IPO), the lender said on Friday, marking the group‘s first public float in six years. Existing shareholders will also sell some stake in the IPO via an offer for sale, the firm said in an exchange filing, without specifying details. HDB Financial‘s listing… Continue reading India’s HDFC Bank-backed HDB Financial gears up for $299m IPOExisting shareholders will also sell some stake in the IPO via an offer for sale.
UK’s Abrdn to exclude China from emerging markets fundAbrdn said the decision was about giving clients flexibility, and did not reflect a call on the …
British fund manager abrdn is cutting out investments to China from one of the company’s emerging market funds, in response to client demands for greater choice in managing their exposure to the country, the company said in a statement. Abrdn will relaunch its Emerging Markets Sustainable Equity Fund to exclude China and re-brand the product the Emerging Markets Ex China fund, the statement said. Abrdn said the decision was about giving clients flexibility, and did not reflect a call on the Chinese market.… Continue reading UK’s Abrdn to exclude China from emerging markets fundAbrdn said the decision was about giving clients flexibility, and did not reflect a call on the …
Beijing halts offshore IPO approvals of at least three cos over soured HK listingsMixue Bingcheng, Guming Holdings and Auntea Jenny are among those wh…
Offshore share offering plans of at least three Chinese bubble tea makers have been put on hold by the securities regulator due to the dour market performance of peers in Hong Kong amid weaker consumer sentiment at home, said eight sources. Mixue Bingcheng, Guming Holdings and Auntea Jenny are among those whose offshore floating plans have been delayed by the China Securities Regulatory Commission… Continue reading Beijing halts offshore IPO approvals of at least three cos over soured HK listingsMixue Bingcheng, Guming Holdings and Auntea Jenny are among those wh…
GLP-backed Hidden Hill rolls out $156m RMB-dominated VC fundThis is the firm’s first early-stage vehicle to focus on modern logistics and digital supp…
Hidden Hill Capital, the alternative asset management arm of global logistics giant GLP, has closed a new RMB-denominated venture capital (VC) fund at 1.1 billion yuan ($156 million), the firm’s first early-stage vehicle to focus on modern logistics and digital supply-chain technologies. The VC fund will primarily invest in early-stage tech startups in the logistics… Continue reading GLP-backed Hidden Hill rolls out $156m RMB-dominated VC fundThis is the firm’s first early-stage vehicle to focus on modern logistics and digital supp…
SEA Digest: Customer platform Momos, climate tech startup CarbonEthics bag fundingMomos raised $10m in a Series A funding round led by 645 Ventures.
Momos, an AI-powered customer platform, has announced raising $10 million in a Series A funding round led by 645 Ventures, while CarbonEthics, an Indonesian climate tech startup, has raised a seed funding round of $2.1 million from Intudo Ventures and several strategic angel investors. AI-powered customer platform Momos bags $10m Momos, an AI-powered customer platform… Continue reading SEA Digest: Customer platform Momos, climate tech startup CarbonEthics bag fundingMomos raised $10m in a Series A funding round led by 645 Ventures.