Vietnam-based climate impact fund Earth Venture Capital (Earth VC) has closed three investments in Singapore- and Hong Kong-based startups and is looking to finalise seven more deals by the second quarter of 2023, according to a top executive of the firm. The firm’s first three portfolio companies operate in the fields of the Internet of… Continue reading Vietnam’s Earth VC closes three deals, looks to seal seven more by Q2 2023Earth VC closed its debut fund in March.
Author: Deal Street Asia Online News
India’s Paytm surges on buyback plan but analysts flag profitability concernsThe digital payment solutions startup has seen its stock plunge around 74…
Paytm‘s stock surged over 7% on Friday after it announced plans to consider a share buyback, but analysts warned it would not bring long-term relief to investors as concerns around the Indian firm’s slow path to profitability remained. The provider of digital payment solutions has seen its stock plunge around 74% since its mega $2.5… Continue reading India’s Paytm surges on buyback plan but analysts flag profitability concernsThe digital payment solutions startup has seen its stock plunge around 74…
FTX founder Bankman-Fried says ‘willing to testify’ before US House panelUS authorities are understood to have sought information from investors and p…
FTX’s Sam Bankman-Fried is willing to testify before the U.S. House Committee on Dec. 13, the cryptocurrency exchange’s founder said in a tweet on Friday, as regulators investigate his role in the wake of its collapse. A day earlier House Financial Services Committee Chairwoman Maxine Waters told Reuters that she is prepared to subpoena Bankman-Fried… Continue reading FTX founder Bankman-Fried says ‘willing to testify’ before US House panelUS authorities are understood to have sought information from investors and p…
Fidelity gets Chinese regulatory approval for retail fund business
Fidelity International (FIL) has secured Chinese regulatory approval to conduct business in China’s $3.7 trillion mutual fund industry. The China Securities Regulatory Commission granted a licence that enables the firm to offer onshore investment products and solutions to retail clients and asset management services to institutional clients in China, the company said in a statement on… Continue reading Fidelity gets Chinese regulatory approval for retail fund business
Turkish quick delivery company Getir to buy rival Gorillas in $1.2b deal
Turkish fast delivery company Getir completed its purchase of German rival Gorillas in a deal worth $1.2 billion that it said put it in a leading position in consolidation in the sector, the company said on Friday. Serkan Borancili, who founded Istanbul-based Getir in 2015, shared the price tag on Twitter and said the combined… Continue reading Turkish quick delivery company Getir to buy rival Gorillas in $1.2b deal
India’s Snapdeal to shelve $152m IPO amid tech routThe latest casualty of a meltdown in tech stocks that has soured investor sentiment
SoftBank-backed Indian e-commerce firm Snapdeal has decided to pull the plug on its $152 million IPO, the company told Reuters, making it the latest casualty of a meltdown in tech stocks that has soured investor sentiment. Snapdeal filed its initial public offering (IPO) regulatory papers for approval in December 2021, a year that saw many stock… Continue reading India’s Snapdeal to shelve $152m IPO amid tech routThe latest casualty of a meltdown in tech stocks that has soured investor sentiment
Chinese hydrogen fuel cell carmaker SFCC hits $1.9b valuation post Series BThe investment saw SFCC become the first unicorn incubated by China’s state…
State Fuel Cell Technology Corporation (SFCC), a Chinese developer of hydrogen fuel cell vehicles, has reached a post-money valuation of 13 billion yuan ($1.9 billion) after the completion of its Series B funding round at 4.5 billion yuan ($647.6 million). The investment saw SFCC become the first unicorn incubated by State Power Investment Corporation Limited… Continue reading Chinese hydrogen fuel cell carmaker SFCC hits $1.9b valuation post Series BThe investment saw SFCC become the first unicorn incubated by China’s state…
Nexus leads $12.5m funding in Uniqus Consultech and other India deals
Uniqus Consultech Inc., a tech-enabled global platform that offers ESG and accounting and reporting consulting, Thursday launched formal operations and announced raising $12.5 million in its Series A funding round for a minority stake sale. Nexus Venture Partners, which has also backed prominent Indian startups including Delhivery, Postman, Zepto, Turtlemint and others, led the funding… Continue reading Nexus leads $12.5m funding in Uniqus Consultech and other India deals
Chinese semiconductor firm ESWIN Material bags $576m in Series C round
Xi’an ESWIN Material, the integrated circuit (IC) and solutions unit of Beijing ESWIN Technology Group, has secured 4 billion yuan ($575.7 million) in a Series C round led by CNBM New Materials Fund, making it the largest ever funding round raised by a semiconductor firm. CNBM New Materials Fund is a 20-billion-yuan ($2.8 billion) new… Continue reading Chinese semiconductor firm ESWIN Material bags $576m in Series C round
Temasek’s PSA weighs multi-billion dollar exit from Hutchison Ports
Port operator PSA International, fully owned by Singapore state investor Temasek Holdings, is considering selling its multi-billion dollar, 20% stake in the ports business of CK Hutchison Holdings, two sources familiar with the matter told Reuters. PSA, the world’s second-biggest container terminal operator, whose global network encompasses 160 locations in 42 countries, had acquired the stake… Continue reading Temasek’s PSA weighs multi-billion dollar exit from Hutchison Ports