BlackRock’s climate infrastructure business has closed its second solar refinancing deal in Taiwan worth $125 million, per a statement by law firm Linklaters on Tuesday, which acted as legal advisor to the deal. The green loan facility will be used to refinance, recapitalise, and fund the construction of its wholly-owned subsidiary New Green Power’s portfolio… Continue reading BlackRock completes second Taiwan solar refinancing deal worth $125m
Author: Deal Street Asia Online News
X-EPIC snags funds and 54 other deals from Greater China worth over $1.1b
X-EPIC, which provides electronic design automation (EDA) software and solutions to businesses, has completed its Series B round raising “several hundreds of million” yuan, it said in a statement. The company will use the fresh funding to ramp up its product offerings and for team expansion. The Series B round was led by Zhongdian Zhongjin,… Continue reading X-EPIC snags funds and 54 other deals from Greater China worth over $1.1b
Blockchain firms raked in $879m from venture capitalists in Q3, shows report
Decentralized finance (DeFi) and Web3 were the primary targets of early-stage startup funding from some of the top private investors in the third quarter, research firm Pitchbook said on Tuesday, even as overall venture capital investments declined. Web3 – a term used to describe a potential next phase of the internet – firms that were… Continue reading Blockchain firms raked in $879m from venture capitalists in Q3, shows report
China’s SemiDrive raises $139m in Series B+ to speed up auto chip adoptionSemiDrive plans to use the proceeds to focus on R&D efforts.
China’s SemiDrive Technology has raised nearly 1 billion yuan ($138.9 million) in a Series B+ round of financing led by an SAIC Motor-backed investment fund to speed up the mass production and application of its automotive chips. SemiDrive, which counts Sequoia Capital China and Temasek-backed Vertex Ventures China among its early investors, secured fresh capital… Continue reading China’s SemiDrive raises $139m in Series B+ to speed up auto chip adoptionSemiDrive plans to use the proceeds to focus on R&D efforts.
India Digest: Ghodawat Consumer acquires Coolberg; Mankind buys Upakarma Ayurveda
Ghodawat Consumer Limited (GCL), the FMCG arm of Sanjay Ghodawat Group (SGG), has acquired non-alcoholic beverages maker Coolberg. In another development, Mankind Pharma has bought a majority stake in Upakarma Ayurveda Pvt Ltd for an undisclosed amount. Ghodawat Consumer acquires Coolberg Ghodawat Consumer Limited (GCL), the FMCG arm of Sanjay Ghodawat Group (SGG), has acquired… Continue reading India Digest: Ghodawat Consumer acquires Coolberg; Mankind buys Upakarma Ayurveda
People Digest: Amazon’s third business exit from India; VerSe Innovation, Hirect slash jobs
After shutting its food delivery and online learning businesses in India, Amazon is set to pull the shutters down on its wholesale distribution business in the country as well. Separately, startups VerSe Innovation and Hirect have fired 150 and 200 employees, respectively. Amazon shuts wholesale distribution business in India Amazon is shutting down its wholesale… Continue reading People Digest: Amazon’s third business exit from India; VerSe Innovation, Hirect slash jobs
India Digest: Accel selects 10 startups for 2nd cohort; Nexus leads Covvalent funding
Accel India has selected 10 startups as part of its second cohort of Atoms programme that was launched last year for pre-seed and seed stage companies. Separately, specialty chemicals platform Covvalent has raised $4.3 million in a funding round led by Nexus Venture Partners. Accel selects 10 startups for second cohort Venture capital firm Accel… Continue reading India Digest: Accel selects 10 startups for 2nd cohort; Nexus leads Covvalent funding
Data Vantage: Bibit, Lyte Ventures, Atome and AgriAku receive funding
Stockbit Pte Ltd, the parent company of robo-advisor app Bibit, received $25 million last week from Singapore sovereign wealth fund GIC as part of an $80 million round announced in May. The company has so far received $57.8 million in equity funding as part of the round. Of this, lead investor GIC contributed $50 million,… Continue reading Data Vantage: Bibit, Lyte Ventures, Atome and AgriAku receive funding
EV startup Faraday Future appoints Xuefeng Chen as global CEOXuefeng Chen was most recently the CEO of the company’s China division.
Electric-vehicle startup Faraday Future Intelligent Electric said on Monday it has appointed Xuefeng Chen as global chief executive officer, sending shares up 1.4% in extended trading. Chen, who was most recently the CEO of the company’s China division and has spent nearly two decades in the automotive industry, succeeds Carsten Breitfeld, who was removed from the… Continue reading EV startup Faraday Future appoints Xuefeng Chen as global CEOXuefeng Chen was most recently the CEO of the company’s China division.
Crypto lender BlockFi files for bankruptcy, cites FTX exposure
Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, it said on Monday, the latest crypto casualty after the firm was hurt by exposure to the spectacular collapse of the FTX exchange earlier this month. The filing in a New Jersey court comes as crypto prices have plummeted. The price of bitcoin, the most popular digital… Continue reading Crypto lender BlockFi files for bankruptcy, cites FTX exposure