Growing a business from an idea is a challenge for both men and women entrepreneurs, and everyone needs to exhibit grit and resilience to navigate the questions by VCs successfully, said Dr Garima Sawhney, co-founder of Pristyn Care, in an interview for DealStreetAsia’s inaugural report – Female Founders in India 2021 – on the gender… Continue reading ‘If the idea is clear, it doesn’t matter if a startup is women or men led’
Author: Deal Street Asia Online News
Indonesia’s quick commerce startup Astro confirms $60m Series B round
Astro, a Jakarta-based quick commerce startup, on Monday announced the completion of a $60 million Series B funding round led by investment firms Accel, Citius and Tiger Global Management. Existing investors, including AC Ventures, Global Founders Capital, Lightspeed, and Sequoia Capital India, also participated in the round. The company, which was launched in September 2021,… Continue reading Indonesia’s quick commerce startup Astro confirms $60m Series B round
China to launch first residential REITs to revive COVID-hit economy …
China’s first public real estate investment trusts (REITs) based on residential properties will be launched soon, as regulators step up efforts to channel fresh capital into the struggling real estate sector and aid a virus-hit economy. Stock exchanges in Shanghai and Shenzhen each accepted an application for residential REITs backed by rental incomes from affordable housing, exchange filings show. The launches will expand the… Continue reading China to launch first residential REITs to revive COVID-hit economy …
HSBC clients query bank on climate change, a large investor to review engagement
HSBC is facing queries from customers about its commitment to fight climate change after a senior banker downplayed the risks, sources told Reuters, with at least one large institutional investor reconsidering whether to employ the bank for a sustainability role, according to one of the people. The investor, which manages in excess of $100 billion, plans to seek opinions from consultants on whether HSBC Asset Management should… Continue reading HSBC clients query bank on climate change, a large investor to review engagement
Switzerland-based VC Seedstars bullish on Asia, appoints new partner …
Switzerland-based pre-seed and seed-stage venture capital (VC) Seedstars International Venture is set to commit more capital to investments in Asia this year. “We aim to increase the exposure in Asia to 25-30% of our portfolio,” Patricia Sosrodjojo, newly appointed partner at Seedstars, told DealStreetAsia in an exclusive interaction. Go to Source
Chinese property developer Greenland seeks to extend $488m bond payment
State-backed Chinese property developer Greenland Holdings said on Friday it plans to extend the repayment of its $488 million offshore bond maturing in June by one year, according to a transcript seen by Reuters and confirmed by sources who attended an investor call. Shanghai-based Greenland is the first state-backed developer to extend a dollar bond payment since the country’s property sector plunged into a debt crisis last year. Many private developers have already offered bond exchanges to… Continue reading Chinese property developer Greenland seeks to extend $488m bond payment
Elon Musk’s Starlink poised to foray into Philippine internet market
Billionaire Elon Musk’s high-speed satellite internet venture Starlink is set to enter the Philippines after its local unit secured regulatory approval from the country, which is grappling with slow internet speeds. The Philippines’ telecom regulator on Friday said it approved the registration of Starlink Internet Services Philippines Inc., “paving the way for the company to… Continue reading Elon Musk’s Starlink poised to foray into Philippine internet market
Delivery startup Airlift pulls out of several cities in Pak & S Africa; downsizes staff
Pakistan’s last-mile delivery startup Airlift, which raised $85 million in the largest-ever funding round by a local startup in 2021, has said it is pulling out of several markets citing adverse global market events. The startup – which was widely anticipated to become the South Asian country’s first unicorn – is closing down operations in… Continue reading Delivery startup Airlift pulls out of several cities in Pak & S Africa; downsizes staff
Taiwan raids Chinese firms in latest crackdown on tech talent poaching …
Taiwan authorities raided ten Chinese companies suspected of illegally poaching chip engineers and other tech talents this week, the island’s Investigation Bureau said on Thursday, the latest crackdown on Chinese firms to protect its chip supremacy. Home to chipmaker giant TSMC and accounting for the majority of the world’s most advanced semiconductor manufacturing capacity, Taiwan… Continue reading Taiwan raids Chinese firms in latest crackdown on tech talent poaching …
Chipmaker Broadcom to buy VMware in $61b deal
Broadcom Inc said on Thursday it will acquire cloud computing company VMware Inc in a $61 billion cash-and-stock deal, the chipmaker’s biggest and boldest bid to diversify its business into enterprise software. The acquisition is the second biggest announced globally so far this year, trailing only Microsoft Corp’s $68.7 billion deal to buy video game… Continue reading Chipmaker Broadcom to buy VMware in $61b deal