India’s top e-scooter maker Ola Electric Mobility surged 20% on Friday to reach a valuation of 586.64 billion rupees ($6.99 billion), after it launched a new line of motorcycles and on bets it will lower costs by using its own batteries. The e-motorcycle launch is set to intensify competition in the world’s second-largest two-wheeler market,… Continue reading Ola Electric’s valuation soars to $7b on e-motorcycle launch, battery planIt was valued at $5.4b in a September 2023 pre-IPO funding round.
Author: Deal Street Asia Online News
EQT to acquire South Korean waste treatment platform KJ EnvironmentEQT is making the acquisition via its sixth infrastructure fund.
Swedish investment firm EQT said on Friday it has agreed to acquire KJ Environment and affiliated companies from Seoul-based investment firm Genesis Private Equity to establish a waste treatment platform in South Korea. EQT said it is making the acquisition via its sixth infrastructure fund. The deal would give the platform, which will focus on… Continue reading EQT to acquire South Korean waste treatment platform KJ EnvironmentEQT is making the acquisition via its sixth infrastructure fund.
Vietnam’s FEBE Ventures adds global touch to portfolio with Fund IIThe firm has been actively investing in Silicon Valley, Brazil, and India.
Vietnam-based venture capital firm FEBE Ventures, which announced its $75-million second fund in November last year, is actively investing in Silicon Valley, Brazil, and India and aiming to enhance its portfolio with companies capable of scaling internationally, a top executive told DealStreetAsia. Go to Source
99 Speed Mart launches $532m IPO, Malaysia’s biggest in seven yearsThe country’s IPO market is one of SE Asia’s strongest performers this year.
Malaysia’s top mini-market chain retailer 99 Speed Mart Retail Holdings on Thursday launched an initial public offering (IPO) that would raise 2.36 billion ringgit ($532 million), the country’s biggest IPO in seven years. The company is offering up to 1.43 billion shares priced at 1.65 ringgit apiece, according to its prospectus released Thursday, confirming an earlier report… Continue reading 99 Speed Mart launches $532m IPO, Malaysia’s biggest in seven yearsThe country’s IPO market is one of SE Asia’s strongest performers this year.
India’s Ecom Express secures board approval for $309m IPO: ReportThis is the company’s second attempt to tap the capital market.
Gurugram-headquartered e-commerce logistics company Ecom Express Private Limited has secured board approval for an initial public offering (IPO) worth $309 million (Rs 2,600 crore), per media reports. The proposed IPO will comprise a fresh issue of equity shares amounting to Rs 1,284 crore and an offer for sale worth up to Rs 1,316 crore, Entrackr… Continue reading India’s Ecom Express secures board approval for $309m IPO: ReportThis is the company’s second attempt to tap the capital market.
Decentralized AI network Sahara raises fresh capital in Samsung NEXT-backed roundThe round was led by VC investor Pantera Capital, Binance Labs, and P…
Sahara AI, a startup integrating blockchain and artificial intelligence, said on Wednesday it raised $43 million in a funding round led by venture capital investors Pantera Capital, Binance Labs and Polychain Capital. The series A funding also drew investments from Samsung NEXT alongside early-stage investor Matrix Partners, crypto investment fund dao5 and venture fund Geekcartel,… Continue reading Decentralized AI network Sahara raises fresh capital in Samsung NEXT-backed roundThe round was led by VC investor Pantera Capital, Binance Labs, and P…
Sweden’s EQT seeks $12.7b for new Asia fundThe fund will be managed by EQT Private Capital Asia.
EQT would raise $12.5 billion for its new Asia-focused fund, the Swedish investment firm said on Wednesday. The fund will be managed by EQT Private Capital Asia, which was formed in October 2022 when EQT acquired Baring Private Equity Asia for $6.7 billion. The investment strategy for the new fund – EQT Private Capital Asia’s… Continue reading Sweden’s EQT seeks $12.7b for new Asia fundThe fund will be managed by EQT Private Capital Asia.
XL Axiata, Smartfren said to have appointed underwriters for $3.45b telecom mergerSmartfren may have appointed CIMB, while XL Axiata may rope in Citig…
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China Digest: Chipmaker Corealot, Embodied AI firm Spirit AI raise fundsSpirit AI’s seed and angel rounds were completed six months after its inceptio…
CICC Capital has led a Series C funding round in Corealot Technology, while Shunwei Capital re-ups in Spirit AI’s angel round. CICC Capital leads Corealot’s $41.8m funding round Chinese chipmaker Corealot Technology has bagged 300 million yuan ($41.8 million) in a Series C funding round led by CICC Capital. The round saw the participation of… Continue reading China Digest: Chipmaker Corealot, Embodied AI firm Spirit AI raise fundsSpirit AI’s seed and angel rounds were completed six months after its inceptio…
India Digest: 35North Ventures raises $12m for VC fund; Zepto to close $340m funding35North Ventures is fundraising for its India Discovery Fund II.
Early-stage venture capital firm 35North Ventures has raised Rs 100 crore ($11.9 million) for its Rs 500 crore India Discovery Fund II. Separately, quick commerce firm Zepto has reached a deal to raise $340 million, at a $5 billion valuation, MoneyControl reported on Wednesday. 35North Ventures raises $12m for India Discovery Fund II Early-stage venture… Continue reading India Digest: 35North Ventures raises $12m for VC fund; Zepto to close $340m funding35North Ventures is fundraising for its India Discovery Fund II.