Singapore-based Haulio has acquired the Jakarta-based logistics platform Logol, DealStreetAsia has learnt. The deal size is estimated to be less than $10 million, according to sources aware of the development. TechinAsia was the first to report, on Tuesday, the news of the acquisition. Go to Source
Author: Deal Street Asia Online News
India Digest: RENEE Cosmetics raises $25m; Virgio snags $10m in extended Series A
RENEE Cosmetics has raised $25 million in a Series B round led by Evolvence India, while fashion platform Virgio has raised $10 million in an extended Series A round from Prosus Ventures. Evolvence India backs RENEE Cosmetics Makeup brand RENÉE Cosmetics on Tuesday said it has raised $25 million in a Series B funding round… Continue reading India Digest: RENEE Cosmetics raises $25m; Virgio snags $10m in extended Series A
Malaysian EWA startup Paywatch raises $9m and other SE Asia deals
Paywatch, an earned wage access (EWA) service provider in Malaysia and South Korea, announced raising $9 million in a pre-Series A funding round anchored by existing investor Third Prime. The round comes less than a year after the startup raised $5.2 million in a seed round backed by Third Prime, SparkLabs, Won & Partners, and… Continue reading Malaysian EWA startup Paywatch raises $9m and other SE Asia deals
Hong Kong’s E15VC closes third fund at over $60m to focus on global deep techThe fund is anchored by alternative investments firm Sun Hung Kai, an exi…
Hong Kong-headquartered venture capital (VC) firm E15VC has closed its third fund at $60.75 million, which will focus on global deep-tech investments, according to a company announcement on Tuesday. The fund, which has a 10-year life, is anchored by Hong Kong’s alternative investments firm, Sun Hung Kai (SHK) & Co, which invests in public markets,… Continue reading Hong Kong’s E15VC closes third fund at over $60m to focus on global deep techThe fund is anchored by alternative investments firm Sun Hung Kai, an exi…
Indonesia’s SWF, Danish fund IFU ink $500m pact to support impact investments
Sovereign wealth fund Indonesia Investment Authority (INA) on Tuesday signed an agreement to explore investment opportunities with the Danish Investment Fund for Developing Countries (IFU) in impact investing areas such as renewable energy and waste management in the archipelago. The joint investment is expected to reach up to $500 million over a few years with… Continue reading Indonesia’s SWF, Danish fund IFU ink $500m pact to support impact investments
Accel, B Capital invest in Accacia and India deals worth $295m
Accacia, a decarbonisation platform focused on the real estate and infrastructure sectors, Tuesday announced that it has raised $2.5 million in its seed funding round led by Accel and B Capital. Blume Ventures, Good Capital, Zerodha’s Rainmatter Fund and Canada-based Loyal VC, along with several leading angels, also participated in the round, the startup said… Continue reading Accel, B Capital invest in Accacia and India deals worth $295m
China’s Tsingke Biotechnology secures $57m in Series B round
Chinese gene synthesis firm Tsingke Biotechnology has bagged 400 million yuan ($57.2 million) in a Series B round led by Fortune Capital as well as Henan CICC Huirong Fund Management, a fund jointly set up by Henan Investment Group and CICC Capital. The round was joined by Capitallink, Qingsong Fund, Zhongyuan Asset Management, and Jolmo… Continue reading China’s Tsingke Biotechnology secures $57m in Series B round
Goldman Sachs on hunt for bargain crypto firms after valuation crash
Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse of the FTX exchange hit valuations and dampened investor interest. FTX‘s implosion has heightened the need for more trustworthy, regulated cryptocurrency players, and big banks see an opportunity to pick up business, Mathew McDermott, Goldman‘s head of digital assets, told Reuters. Goldman is doing due diligence… Continue reading Goldman Sachs on hunt for bargain crypto firms after valuation crash
Ozi Amanat’s K2 Global raises $300m to invest in tech startupsThe solo VC is expanding in Singapore and Miami.
K2 Global, the venture capital firm founded by Singapore- and US-based solo venture capitalist Ozi Amanat, has announced raising $300 million in capital commitments to continue investing in technology startups. The venture firm, founded in 2015, said it will invest in fintech, food tech, consumer tech, deep tech, machine learning, and artificial intelligence startups. It… Continue reading Ozi Amanat’s K2 Global raises $300m to invest in tech startupsThe solo VC is expanding in Singapore and Miami.
Sunshine Insurance to price shares at bottom of range in Hong Kong IPOThe IPO is the second largest in Hong Kong in 2022.
China’s Sunshine Insurance Group plans to price its shares at HK$5.83 each in its Hong Kong initial public offering to raise HK$6.7 billion ($863 million), according to two sources with direct knowledge of the matter. The sources could not be named as the information was not yet public. Sunshine Insurance did not immediately respond to a request for comment. At… Continue reading Sunshine Insurance to price shares at bottom of range in Hong Kong IPOThe IPO is the second largest in Hong Kong in 2022.