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Author: Deal Street Asia Online News
Norfund looking to invest close to $500m in SE Asia from climate fundThe Climate Investment Fund has earmarked $1b for emerging economies over five ye…
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India Deal Review: Startup funding in June crosses $2b for first time in two years
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Indonesian aquatech startup Aruna said to close fresh funding in a down round
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India-based crypto exchange CoinDCX acquires Dubai’s BitOasisThe United Arab Emirates is aiming to become a global centre for the crypto industry.
India-based crypto exchange CoinDCX has acquired Middle East-focused crypto platform BitOasis, the two companies said in a joint statement on Wednesday. The firms did not disclose the transaction value, but BitOasis said in a separate statement that CoinDCX, which had already acquired a stake in the business last year, now owns the full share capital… Continue reading India-based crypto exchange CoinDCX acquires Dubai’s BitOasisThe United Arab Emirates is aiming to become a global centre for the crypto industry.
People Digest: Mekong Capital appoints chief people officer; Unacademy lays off staff
In Vietnam, PE firm Mekong Capital has appointed Vuong Thi Huyen Nga as chief people officer, while Indian edtech startup Unacademy is said to have laid off around 250 employees. Mekong Capital appoints Nga as chief people officer Vietnam-focused PE firm Mekong Capital has appointed Vuong Thi Huyen Nga as Chief People Officer. Nga has… Continue reading People Digest: Mekong Capital appoints chief people officer; Unacademy lays off staff
Indian e-bike maker Matter Motor raises $35m from US VC firm Helena, others
Matter Motor, an EV tech and energy storage firm in India, has raised $35 million as part of the first tranche of its Series B round, led by US-based venture capital firm Helena. Capital 2B, Japan Airlines & Translink Innovation Fund, and Saad Bahwan Investment Management Company (SB Invest), besides other institutional firms and family… Continue reading Indian e-bike maker Matter Motor raises $35m from US VC firm Helena, others
Aussie startup Redactive AI raises $7.5m; Malaysia’s pitchIN to launch secondary tradingRedactive will use the capital to expand its engineering, cust…
Australian venture capital firms Blackbird Ventures and Felicis have co-led an A$11.5 million ($7.5 million) seed round for security startup Redactive AI, while Malaysia’s pitchIN has launched the country’s first equity crowdfunding secondary market. Australia’s Redactive AI raises seed funding Australian startup Redactive AI, which provides a developer platform to help enterprises securely adopt generative… Continue reading Aussie startup Redactive AI raises $7.5m; Malaysia’s pitchIN to launch secondary tradingRedactive will use the capital to expand its engineering, cust…
Indian renewable energy firm ACME Solar files for $360m IPO
Indian renewable energy firm ACME Solar Holdings has filed for an initial public offering to raise up to 30 billion rupees (nearly $360 million), draft papers showed on Wednesday. ACME Solar, which operates solar and wind energy projects, will issue fresh shares worth up to 20 billion rupees, while its largest shareholder ACME Cleantech Solutions… Continue reading Indian renewable energy firm ACME Solar files for $360m IPO
South Korea fines Credit Suisse for illegal stock short selling
South Korea’s financial regulator imposed record high fines on two subsidiaries of the former Credit Suisse group for stock short-selling violations, the regulator said on Wednesday. The Financial Services Commission (FSC) decided to impose fines of 16.9 billion won ($12.17 million) and 10.2 billion won on Credit Suisse AG, currently UBS AG, and Credit Suisse… Continue reading South Korea fines Credit Suisse for illegal stock short selling