Biteship, an Indonesian e-commerce logistics solution startup, on Friday announced an undisclosed amount of seed funding co-led by East Ventures and Beenext in a bid to increase its headcount and improve technology capabilities. Founded by Mirsa Sadikin and Afra Sausan to help small businesses in the country, Biteship addresses the gap between shipping and warehouse providers… Continue reading Weekly roundup: Indonesian startup Biteship gets seed funding and other SE Asia deals
Author: Deal Street Asia Online News
Dutch development bank FMO to invest $15m in Sahyadri Farms
Dutch development bank FMO will invest about $15 million in India-based Sahyadri Farms Post Harvest Care Ltd (SFPHCL), as part of a funding round led by Belgium-based Incofin, according to a disclosure seen by DealStreetAsia. The company will use the funds to expand capacity in its Nashik processing plant, finance a biomass plant and additional… Continue reading Dutch development bank FMO to invest $15m in Sahyadri Farms
Mid-market fund managers eye the jackpot in Vietnam, but it won’t be a cakewalk
Over the past few years, Vietnam has turned into a hot destination for mid-market fund managers looking to strike gold. Several international general partners (GPs) have set their sights on one of Southeast Asia’s fastest-growing economies, launching dedicated funds for the country. However, not everyone has had a soft landing. Most recently, BDA Capital Partners,… Continue reading Mid-market fund managers eye the jackpot in Vietnam, but it won’t be a cakewalk
There could be a correction in company valuations in India: True North
As macroeconomic headwinds threaten to derail the deal-making momentum in the short-to-medium term in India, there could be a correction in company valuations going forward. “The global economy is under pressure from geopolitics and macroeconomic policies-led inflation and consequent corrective actions in the form of increasing interest rates,” Satish Chander, partner at True North, one… Continue reading There could be a correction in company valuations in India: True North
Chip shortage fans interest in semiconductor equipment firm’s $540m IPO
Semiconductor equipment manufacturer Hwatsing Technology Co. Ltd. booked a blistering Shanghai STAR Market IPO debut on Wednesday amid a Covid-induced global shortage of microchips. The Tianjin-based firm’s shares surged 72% in early trading but gave back some of those gains over the course of the day to close up 64% at 224.1 yuan ($33.5), valuing Hwatsing… Continue reading Chip shortage fans interest in semiconductor equipment firm’s $540m IPO
India Digest: Way2News and Pepper Content snag funding …
Pepper Content, a content marketplace, and vernacular hyperlocal short news app Way2News have raised fresh funding. Way2News raises Series A funding Vernacular hyperlocal short news app Way2News Pvt. Ltd on Thursday said it has raised $16.75 million in its Series A funding round from WestBridge Capital and venture capitalist Sashi Reddi. Way2News will use the… Continue reading India Digest: Way2News and Pepper Content snag funding …
Garuda Indonesia offers to settle debt with $1.13b of new bonds, shares
Indonesia‘s state airline Garuda Indonesia has offered to replace its liabilities to lessors and Islamic bondholders with new bonds and equity worth $1.13 billion, it told creditors in a meeting overseen by a Jakarta court on Thursday. Garuda proposed that lessors, vendors and other creditors take a large cut and replace the remaining amount with $800 million worth of new bonds and $330 million worth of shares,… Continue reading Garuda Indonesia offers to settle debt with $1.13b of new bonds, shares
Beijing gives initial nod to reviving Ant IPO plans in Shanghai, HK
China’s central leadership has given a tentative green light to Jack Ma’s Ant Group to revive its initial public offering in Shanghai and Hong Kong, two sources with knowledge of the matter told Reuters on Thursday. Ant, an affiliate of Chinese e-commerce behemoth Alibaba Group Holding Ltd, aims to file the preliminary prospectus for the… Continue reading Beijing gives initial nod to reviving Ant IPO plans in Shanghai, HK
SEA Digest: Ninja Van to widen SME offerings; ComfortDelGro partners with Alipay+ …
Ninja Van Group has enhanced its supply-chain management solutions by expanding to new markets while Singaporean taxi operator ComfortDelGro has partnered with Alipay+. Ninja Van expands to new markets Ninja Van Group, Southeast Asia’s tech-enabled logistics company, has enhanced its supply-chain management solutions by expanding to new markets and making more services available to SMEs… Continue reading SEA Digest: Ninja Van to widen SME offerings; ComfortDelGro partners with Alipay+ …
Asian family offices favour PE, active strategies, tech and ESG integration: UBS report
Asian family offices are reducing their allocations in fixed income and increasing exposure to private equity (PE), real estate and private debt, according to UBS Global Family Office Report 2022. They are also seeking more active strategies and paying attention to areas like technology and sustainable investing, it added. This comes amidst emerging macroeconomic concerns… Continue reading Asian family offices favour PE, active strategies, tech and ESG integration: UBS report