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Author: Deal Street Asia Online News
Indonesian VCs optimistic about startup fundraising as valuations moderate
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Philippines live-streaming startup Kumu’s losses widened 3.7x in 2022
Kumu Holdings, the holding company of Philippines-based live-streaming startup Kumu, saw its losses swell 3.7x even as its revenue increased 140% during the financial year ended December 31, 2022, according to filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA). Go to Source
Charticle: June records highest fundraise by Indian startups in first half of 2024
June witnessed the highest funding raised by Indian startups in the first six months of the current year. However, the number of deals sealed in the month was the second lowest after March. Indian startups raised $2.24 billion in June compared to $1.85 billion in May 2024. The funding raised by startups in May and… Continue reading Charticle: June records highest fundraise by Indian startups in first half of 2024
Dr Clear Aligners raises $8m Series A funding from Insignia Ventures Partners
Dr Clear Aligners (DCA), a Singapore-headquartered provider of dental clear aligners, has raised $8 million in Series A funding from Insignia Ventures Partners, according to a statement. This funding is expected to hasten Dr Clear Aligners’ goal of making orthodontic treatment more accessible while also driving global expansion and improving technological capabilities. It also aims… Continue reading Dr Clear Aligners raises $8m Series A funding from Insignia Ventures Partners
China slowdown triggers wave of delistings on Hong Kong bourseFourteen HK-listed companies, including L’Occitane, announced moves to delist in H1.
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IvyCap leads funding in Pintel and other India deals worth $163m
Pramugdha Mamgain 19 July, 2024 Pintel, a sales tool driven by artificial intelligence and machine-learning technology, on Friday announced that it has raised $1 million in a seed funding round led by IvyCap Ventures. Start your deal-making journey now! Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital,… Continue reading IvyCap leads funding in Pintel and other India deals worth $163m
India’s Paytm posts $100.3m net loss in Q1—its biggest since listing in 2021
India’s Paytm reported a wider first-quarter loss on Friday, its biggest since it went public in November 2021, hurt by weakness in its payments business after the central bank’s directive to wind down its banking unit. The digital payments firm’s consolidated net loss widened to 8.39 billion rupees ($100.3 million) for the quarter ended June… Continue reading India’s Paytm posts $100.3m net loss in Q1—its biggest since listing in 2021
Return backer Puhua Capital joins Chinese chipmaker ICleague Technology’s Series B roundICleague previously completed its Series A round in 2021.
Chinese chipmaker ICleague Technology has secured “several billions of yuan” in a Series B funding round, according to a release on Wednesday. Several local investment firms including state-owned investment platform Wuhan Optics Valley Industrial Investment, Chinese brokerage firm CMB International, venture capital firm Puhua Capital, and others joined the round. Founded in November 2018, ICleague… Continue reading Return backer Puhua Capital joins Chinese chipmaker ICleague Technology’s Series B roundICleague previously completed its Series A round in 2021.
These were our most read stories of June 2024
Our most-read stories in June included scoops on fundraising by Singapore-based oat milk brand Oatside, Vietnamese B2B e-commerce startup Vigo Retail and Indonesian fintech startup infinID. We also brought you the earnings analysis of the online fast-fashion group Shein, which is said to be pressing ahead with plans for a public listing in London. These… Continue reading These were our most read stories of June 2024