Egypt-born SWVL, a startup that provides tech-enabled mass transit solutions, is said to have shut down its operations in Pakistan since early last month after being in the south Asian market for three years, DealStreetAsia has learnt. The Dubai-based startup is also said to have significantly scaled down its workforce in Pakistan, according to several… Continue reading SWVL said to have shut down ops in Pak, new startup Buscaro picks up biz
Author: Deal Street Asia Online News
Announcing Indonesia’s minister for tourism & creative economy Sandiaga Uno as keynote speaker
We are honoured to announce the participation of Indonesia’s minister for tourism & creative economy His Excellency Sandiaga Uno as a keynote speaker at our upcoming Indonesia PE-VC Summit on January 12, 2023. At the helm of the ministry, Sandiaga Uno leads policy formulation and implementation in the areas related to tourism, the creative economy and… Continue reading Announcing Indonesia’s minister for tourism & creative economy Sandiaga Uno as keynote speaker
India: Advent invests $175m for minority stake in AI company TredencePE firm Chicago Pacific Founders (CPF) will continue to be a shareholder in Trede…
Data science and AI solutions company Tredence on Thursday announced that it has raised $175 million in its Series B round of funding from private equity firm Advent International. Advent has acquired a minority stake in the Bengaluru-based company. As part of the transaction, Advent will join the Tredence board. Existing investor Chicago Pacific Founders… Continue reading India: Advent invests $175m for minority stake in AI company TredencePE firm Chicago Pacific Founders (CPF) will continue to be a shareholder in Trede…
TikTok steps up efforts to convince US govt to let it remain under ByteDanceTikTok is offering to subject more of its business to outside scrutiny.
Popular short-video app TikTok is offering to operate more of its business at arm’s length and subject it to outside scrutiny as it tries to convince the U.S. government to allow it to remain under the ownership of Chinese technology company ByteDance, according to people familiar with the matter. TikTok has been seeking to assure… Continue reading TikTok steps up efforts to convince US govt to let it remain under ByteDanceTikTok is offering to subject more of its business to outside scrutiny.
SEA Digest: Telkom to build new data centre; Singlife and Aviva launches accelerator
IDX-listed Telkom Indonesia plans to build a hyperscale data centre (HDC) in the Batam province with an investment of $192.6 million. Meanwhile, Singlife with Aviva has launched Singlife Connect, an accelerator programme to support promising insurtech startups. Telkom to build a new hyperscale data centre IDX-listed PT Telkom Indonesia, through its unit NeutraDC, will build… Continue reading SEA Digest: Telkom to build new data centre; Singlife and Aviva launches accelerator
SCB 10X keeps the faith in blockchain investments despite crypto crisis“We’re a serious investor, we are not tourists,” said Mukaya Panich, CEO, SCB 1…
SCB 10X, the venture capital arm of Thailand’s oldest bank, is holding on to its investments in blockchain and digital asset infrastructure, which it believes will serve the bank in the long run, despite a market downturn that has wiped out crypto industry giants, including former portfolio company BlockFi. “We’re a serious investor, we are… Continue reading SCB 10X keeps the faith in blockchain investments despite crypto crisis“We’re a serious investor, we are not tourists,” said Mukaya Panich, CEO, SCB 1…
Stride invests $9m in Battery Smart and other India deals worth $66m
Gurugram-based Battery Smart, a battery swapping network for electric two- and three-wheelers, has raised about $9 million (Rs 75 crore) in funding from venture debt fund Stride Ventures, per an announcement on Thursday. With this, the startup is looking to add more batteries to its network and expand to new cities across the nation, Stride… Continue reading Stride invests $9m in Battery Smart and other India deals worth $66m
Chinese medtech startup SiBionics raises nearly $72mThe Series D comes less than a year after the completion of its $114.6m Series C round.
Chinese medtech startup SiBionics has raised nearly 500 million yuan ($71.7 million) in a Series D round of financing to expand its development of AI-based medical devices for chronic disease management. Shenzhen-based SiBionics secured the new financing from lead investors Shanghai Biomedical Industrial Equity Investment Fund and Guangdong Chinese Medicine and Mass Health Fund, the… Continue reading Chinese medtech startup SiBionics raises nearly $72mThe Series D comes less than a year after the completion of its $114.6m Series C round.
Indonesia’s Gree Energy raises $3.2m and other SE Asia deals
Gree Energy, a biogas-to-energy operator in Indonesia, has announced raising $3.2 million in its pre-Series A funding round anchored by climate-focused investor Earthcare Group. Established in 2013, Gree Energy empowers the food industry to cut methane emissions and treat industrial wastewater in emerging countries by implementing on-site biogas facilities. Go to Source
Chinese mobility tech firm ECARX goes public in US via SPAC merger
Chinese mobility tech company ECARX has completed its merger with the blank-cheque vehicle COVA Acquisition Corp to go public in the US in a deal valued at about $3.8 billion, according to an announcement. The combined company will retain the ECARX name and its shares and warrants have commenced trading on Nasdaq under the symbols… Continue reading Chinese mobility tech firm ECARX goes public in US via SPAC merger