This is the first of the three-part series on the fledgling, yet fast-growing, BNPL sector in SE Asia. The buy-now-pay-later (BNPL) model continues its upward growth trajectory in Southeast Asia — a region with a growing middle class and a 50% population outside the ambit of formal banking — with venture-backed startups dominating the scene.… Continue reading BNPL seen booming in SE Asia even as model faces testing times in mature markets
Author: Deal Street Asia Online News
Fresh from a $70m round, Deliveree looks to expand “war on empty trucks” across Indonesia
Thailand-born on-demand logistics company Deliveree, which raised $70 million in a Series C round earlier this week, is keen on officially shifting its headquarters to Indonesia — a market that is expected to account for 50-60% of its gross transaction volume (GTV) by end-2023. Indonesia — which currently contributes 40% of Deliveree’s GTV — is… Continue reading Fresh from a $70m round, Deliveree looks to expand “war on empty trucks” across Indonesia
Indian EV startups find favour with investors, see sharp spike in investments
Indian startups operating in the light electric mobility space have bucked the overall fundraising slowdown trend as risk capital investors place their bets on the growth prospects of the nascent but fast-growing sector. The segment, which covers electric two- and three-wheeler makers, battery manufacturers and EV charging startups, has already racked up about $482 million… Continue reading Indian EV startups find favour with investors, see sharp spike in investments
India: BYJU’s-owned WhiteHatJr, Lightspeed-backed Udaan fire employeesWhiteHatJr has handed the pink slip to around 300 employees.
WhiteHatJr, owned by the Indian decacorn BYJU’s, has handed the pink slip to around 300 employees globally, a source close to the company told DealStreetAsia. Separately, Udaan, a B2B marketplace, has fired 180 employees, joining the bandwagon of Indian startups resorting to layoffs to cut costs amid tough market conditions. For the four-year-old coding-for-kids startup… Continue reading India: BYJU’s-owned WhiteHatJr, Lightspeed-backed Udaan fire employeesWhiteHatJr has handed the pink slip to around 300 employees.
Industrial Next raises $12m and 45 more deal updates in Greater China worth $524mXiaomi Ventures and AlphaX Partners participated in the round
Industrial Next, a developer of technologies for smart and adaptable manufacturing automation, has raised $12 million in a Series Pre-A round of financing led by Chinese personal computer maker Lenovo Group’s industry fund. Xiaomi Ventures, the investment arm of Chinese smartphone maker Xiaomi Corp, and Internet tech-focused venture capital (VC) company AlphaX Partners participated in… Continue reading Industrial Next raises $12m and 45 more deal updates in Greater China worth $524mXiaomi Ventures and AlphaX Partners participated in the round
German VC firm Bertelsmann raises $500m for early-stage investments in India
Bertelsmann India Investments (BII), the venture capital arm of the German media firm Bertelsmann SE & Co. KGaA, has raised $500 million to invest in India over the next few years. Since its launch in 2013, BII has invested in more than 17 companies in the country, some of which are already unicorns. Its investments… Continue reading German VC firm Bertelsmann raises $500m for early-stage investments in India
China Digest: Voyagers Capital debuts USD fund; FountainVest closes USD Fund IV at $2.9bVoyagers Capital was created earlier this month by founding pa…
Voyagers Capital has held the first closing of its maiden US dollar fund to invest in the healthcare sector. Separately, FountainVest Partners has reportedly closed its oversubscribed fourth US dollar fund at $2.9 billion. Voyagers Capital holds first close of debut USD fund China’s Voyagers Capital, a newly established healthcare investment firm, has held the… Continue reading China Digest: Voyagers Capital debuts USD fund; FountainVest closes USD Fund IV at $2.9bVoyagers Capital was created earlier this month by founding pa…
Cryptoverse: Ether holds its breath for the lean, mean ‘merge’
Investors in ether and its troubled twin stETH are nervously anticipating a crypto milestone: The merge. That’s the name for a major upgrade of the Ethereum blockchain network upon which many crypto projects are built, aimed at making it leaner, meaner and cleaner. It’s elusive. The merge was supposed to happen years ago but has… Continue reading Cryptoverse: Ether holds its breath for the lean, mean ‘merge’
Nissan shareholders reject proposal to designate Renault as parent
Japan’s Nissan Motor Co Ltd on Tuesday rejected a shareholder proposal at its annual general meeting (AGM) that would have led to the disclosure of a decades-old agreement with 43% stakeholder Renault SA. Ahead of the AGM, one investor proposed designating Renault as Nissan‘s parent company which by law would force the publication of the agreement which stipulates… Continue reading Nissan shareholders reject proposal to designate Renault as parent
Toshiba board gains two directors from activist hedge funds
Toshiba Corp shareholders voted in two board directors from activist hedge fund investors at its annual general meeting on Tuesday – an inclusion that is expected to add momentum to its exploration of potential buyout deals. Nabeel Bhanji, a senior portfolio manager at Elliott Management, and Eijiro Imai, managing director at Farallon Capital Management were elected, as was Akihiro Watanabe, an executive from boutique U.S.… Continue reading Toshiba board gains two directors from activist hedge funds