Singapore-based telco Circles.Life announced on Monday that it is buying back $5 million worth of shares allotted to its staff as employee stock ownership plans (ESOPs). Employees who have been with the company for over a year were allowed to participate. The company said it holds ESOP liquidity events every 18 months on average, which allows… Continue reading Singapore telco Circles.Life buys back $5 million worth of employee stocks
Author: Deal Street Asia Online News
To stand up to the competition, Indonesia’s Bukalapak must fix its low take rate …
Logo of Bukalapak, an Indonesian e-commerce firm, is seen outside its headquarters in Jakarta, Indonesia, June 16, 2021. REUTERS/Willy Kurniawan Premium Bukalapak, which became the first Indonesian tech unicorn to list on the domestic stock market in July this year, has struggled to keep its share price afloat — the company’s stock closed at 515… Continue reading To stand up to the competition, Indonesia’s Bukalapak must fix its low take rate …
Grab-backer GGV Capital sees opportunities as SE Asia’s tech sector catches up with China
Jixun Foo, managing partner, GGV Capital Premium Global venture capital firm GGV sees more investors being lured to Southeast Asia, driven by liquidity as well as the tougher regulatory environment in China. At the same time, the tech sector in Southeast Asia is fast catching up with China, in terms of development and adoption. Go… Continue reading Grab-backer GGV Capital sees opportunities as SE Asia’s tech sector catches up with China
Telio founder transfers shares to settle dispute with investors in previous venture
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading Telio founder transfers shares to settle dispute with investors in previous venture
Asia-focused blank cheque firm Golden Star Acquisition seeks $100m in US IPO
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China’s SenseTime HK IPO said to be in limbo after US blacklisting
Chinese artificial intelligence startup SenseTime Group is considering whether it can proceed with a planned $767 million Hong Kong initial public offering after the U.S. added it to an investment blacklist, two sources familiar with the situation told Reuters. The sources said on Saturday that the company had not yet made a final decision on whether to go ahead with the listing, while one added that it… Continue reading China’s SenseTime HK IPO said to be in limbo after US blacklisting
Self-driving startup Robotics Research raises $228m from SoftBank, others …
Self-driving technology startup Robotic Research said on Thursday it has raised $228 million from investors including SoftBank to scale up its commercial division’s solutions for trucks, buses and logistics vehicles. The fundraising round also included an investment from Luminar Technologies, which makes lidar sensors used in self-driving cars. Robotic Research has been working on a variety… Continue reading Self-driving startup Robotics Research raises $228m from SoftBank, others …
Indian ride-hailing major Ola raises $139m at $7.3b valuation: Report
Bengaluru based ride-hailing aggregator Ola has raised about $139 million (Rs 1,049 crore) in its Series J funding round led by Edelweiss, according to several Indian media reports. The round was backed by family offices, corporates, and high net worth individual investors. Concurrently, the company has acquired geospatial services provider GeoSpoc for Rs 26 crore, the… Continue reading Indian ride-hailing major Ola raises $139m at $7.3b valuation: Report
India: Ola Electric raises $53m led by Temasek, valued at $2.7b
Temasek, which invested through its affiliate Macritchie Investments Pte. Ltd., led a ₹398 crore ($53 million) financing round for Ola Electric at a post-money equity valuation of $2.7 billion ( ₹2025 crore), according to VCCircle estimates. The company issued 371 Series C preference shares to a dozen investors at ₹1,07,34,860 apiece, according to a recent regulatory disclosure filing.… Continue reading India: Ola Electric raises $53m led by Temasek, valued at $2.7b
China’s Evergrande edges closer to default, misses debt deadline
China Evergrande did not make payments on some U.S. dollar bonds at the end of a month-long grace period, sources familiar with the situation told Reuters on Tuesday, setting the stage for a massive default by the world’s most indebted property developer. Adding to a liquidity crisis in China’s once bubbling property market, smaller peer Kaisa Group Holdings was also unlikely… Continue reading China’s Evergrande edges closer to default, misses debt deadline