Singapore state investor Temasek has announced the launch of GenZero, a wholly-owned investment platform company dedicated to accelerating decarbonisation globally. According to an announcement, Temasek has committed an initial amount of S$5 billion ($3.6 billion) to establish GenZero. There is an urgent need to accelerate decarbonisation across all sectors to avoid irreversible damage to the… Continue reading Temasek commits $3.6b to new decarbonisation investment platform GenZero …
Author: Deal Street Asia Online News
Vantage Point: BliBli’s potential IPO is an interesting proxy for middle-class Indonesia
This weekly newsletter highlights top developments and trends across Southeast Asia’s digital economy and ecosystem, without losing sight of the solid links between the online and offline worlds. Executive Summary Printed by Unregistered user on Mon, 06 Jun 2022 07:57:11 GMT Go to Source
SG logistics firm Janio raises $14m led by Vertex Growth Fund …
Singapore-based logistics firm Janio has raised $14 million in a Series A extension round led by Vertex Growth Fund, according to regulatory filings. Vertex Growth Fund contributed $10 million while Vertex Southeast Asia and India [Vertex IV] invested $2 million in the round, according to Janio’s filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA),… Continue reading SG logistics firm Janio raises $14m led by Vertex Growth Fund …
Ant Group’s digital wholesale lender ANEXT Bank soft launches in Singapore …
The Singapore-incorporated digital wholesale lender ANEXT Bank, a wholly-owned subsidiary of the fintech giant Ant Group, announced its soft launch on Monday. The digital bank, which had received the Monetary Authority of Singapore’s (MAS) nod to commence operations on June 2, will provide financial services to local and regional MSMEs, especially those engaged in cross-border… Continue reading Ant Group’s digital wholesale lender ANEXT Bank soft launches in Singapore …
Temasek-backed used car platform Carro secures $25m from Indonesia’s MPM Group
Singapore-based used car marketplace Carro has raised $25 million in fresh funding from Indonesia-listed consumer automotive company MPM Group, according to regulatory filings. Strategic investor MPM Group, a subsidiary of Indonesian conglomerate Saratoga Investama Sedaya, is engaged in automotive distribution, retail, aftermarket, insurance and transportation. Go to Source
EV Growth-backed IDN Media raises $23m in Series D funding
Indonesian media startup IDN Media has raised $23 million in Series D funding backed by existing investor East Ventures, according to regulatory filings. The company’s recent filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA), accessed by DealStreetAsia – DATA VANTAGE, showed that it issued about 1.5 million Series D preferred shares to six investors at $15… Continue reading EV Growth-backed IDN Media raises $23m in Series D funding
Vietnam-focused PENM Partners resumes raising fifth fund after COVID-induced delay
Danish private equity firm PENM Partners, which is focused on the Vietnam market, is set to resume raising its fifth fund this year or early next year, after a long delay due to COVID-19, said a top executive at the firm. PENM V will seek to raise $150-200 million, Hans Christian Jacobsen, managing partner of… Continue reading Vietnam-focused PENM Partners resumes raising fifth fund after COVID-induced delay
After Nio, Xpeng, Chinese EV maker WM Motor looks to list in Hong Kong …
Money-losing electric vehicle startup WM Motor Holdings Ltd. has filed for a Hong Kong IPO to fuel its expansion, as a flood of cashed-up industry newcomers such as Baidu and Xiaomi intensify already fierce competition. With the application, filed to the Hong Kong Stock Exchange on Wednesday, WM is following in the footsteps of its larger Chinese peers Nio… Continue reading After Nio, Xpeng, Chinese EV maker WM Motor looks to list in Hong Kong …
Indonesia’s Traveloka in talks to raise over $200m from BlackRock, others
Indonesian online travel unicorn Traveloka is in talks with investment management company BlackRock and others for a funding round of more than $200 million, sources privy to the matter said. Sources have indicated that Indonesia Investment Authority (INA), the country’s newly-formed sovereign wealth fund, is also in talks to join the round. However, no final… Continue reading Indonesia’s Traveloka in talks to raise over $200m from BlackRock, others
Investors push SE Asia’s ride-hailing firms towards green mobility
Southeast Asian ride-hailing and food delivery services are racing toward eco-friendly mobility, with targets to deploy more electric and low-emission vehicles as governments and investors push for greener economies. Singapore’s Grab recently pledged to transition to low-emission vehicles to achieve carbon neutrality by 2040, the initial step being to replace its ride-hailing fleet in the… Continue reading Investors push SE Asia’s ride-hailing firms towards green mobility