Two top executives at Grab Holdings’ fintech business have quit, adding to other senior departures in recent months, as the Southeast Asian ride-hailing and delivery firm rejigs the key unit at the loss-making group, two sources said. Chris Yeo, who heads Grab‘s payments and rewards business and has been with the company for nearly six years, is leaving along with Jeffrey Goh, who leads the payments gateway business, the sources familiar with the matter told… Continue reading Two senior Grab execs quit as company rejigs unit to stem losses
Author: Deal Street Asia Online News
HK-based crypto finance firm Babel Finance closes $80m Series B at $2b valuation …
Babel Finance, a Hong Kong-based crypto financial services provider, has secured $80 million in a Series B funding round at a valuation of $2 billion, the firm announced on Wednesday. The main investors in the Series B round include Asia-based growth capital investment firm Jeneration Capital and digital asset-focused growth equity fund 10T Holdings, as… Continue reading HK-based crypto finance firm Babel Finance closes $80m Series B at $2b valuation …
Indian dairy brand Country Delight raises $108m led by Venturi Partners, Temasek
Indian direct-to-home food essentials brand Country Delight on Wednesday announced that it has raised $108 million in a Series D funding round led by Venturi Partners and Temasek, with participation from SWC Global and Trifecta Capital. Existing investors IIFL Asset Management, Elevation Capital, Orios Venture Partners and Matrix Partners also participated in the round, the Gurugram-based… Continue reading Indian dairy brand Country Delight raises $108m led by Venturi Partners, Temasek
China’s Primavera targets $1.5b fund to back carbon neutral businesses
Chinese private equity (PE) firm Primavera Capital Group, an early investor in billionaire Jack Ma’s Ant Group, is targeting to raise about 10 billion yuan ($1.5 billion) for a carbon neutrality fund as the race for green investments hots up in the country. The fundraising plan, which was first reported by Chinese-language media outlet ChinaVenture,… Continue reading China’s Primavera targets $1.5b fund to back carbon neutral businesses
Chinese semiconductor firm Gowin closes $132m Series B+ round …
Chinese semiconductor firm Gowin Semiconductor Corp has raised 880 million yuan ($132 million) in a Series B+ round of financing to fund its ambition of promoting the development of domestic field-programmable gate arrays (FPGAs). Guangzhou-based Gowin mainly provides FPGAs, which are integrated circuits (ICs) that can be reprogrammed for a desired application after manufacturing. Due… Continue reading Chinese semiconductor firm Gowin closes $132m Series B+ round …
Delta Corp leads $10m funding in Three Wheels United and India deals worth $108m
Three Wheels United (TWU), a tech-enhanced financier of light electric vehicles in India, has raised $10 million as part of its Series A funding round led by Delta Corp Holdings, it announced Wednesday. The current funding round, which is a combination of equity and debt, also saw participation from new and existing investors including Techstars,… Continue reading Delta Corp leads $10m funding in Three Wheels United and India deals worth $108m
RobotPlusPlus raises $15m and 20 more deal updates from Greater China worth $146m …
Chinese food delivery giant Meituan and conglomerate Fosun International have led a $15-million Series B funding round in RobotPlusPlus to help the aerial work robots developer speed up product R&D and global expansion. The Series B round brings startup’s total fundraising amount to about $35 million. It had completed a Series A round of over… Continue reading RobotPlusPlus raises $15m and 20 more deal updates from Greater China worth $146m …
Singapore streetwear marketplace Novelship raises $10m Series A
Novelship, a Singapore-based sneaker and streetwear marketplace, has raised $10 million in a Series A funding round led by GSR Ventures and East Ventures, the company announced on Wednesday. The round, which was joined by Singapore-based K3 Ventures and iGlobe Partners, brings Novelship’s total funding to $12.4 million to date. The startup plans to use… Continue reading Singapore streetwear marketplace Novelship raises $10m Series A
Vietnam Digest: Vietcetera launches VC fund; Visa Foundation invests in Beacon Fund …
Media startup Vietcetera has launched Vietnam Innovators Fund, while Visa Foundation has signed an agreement to invest in Beacon Fund. Vietnam Innovators Fund launched Vietnam Innovators Fund is the latest investment vehicle to join Vietnam’s startup ecosystem. The fund is established by media startup Vietcetera CEO Hao Tran, and German entrepreneur and investor Horst Geicke.… Continue reading Vietnam Digest: Vietcetera launches VC fund; Visa Foundation invests in Beacon Fund …
Indonesian robo-advisor Bibit secures $80m in funding led by GIC
Indonesian digital investment platform Bibit raised more than $80 million in a funding round led by Singapore sovereign wealth fund GIC Private Limited (GIC), joined by Prosus Ventures and other existing investors, according to a statement on Wednesday. In February 2022, DealStreetAsia had first reported about the development stating that the firm is in talks… Continue reading Indonesian robo-advisor Bibit secures $80m in funding led by GIC