The Netherlands-based venture capital firm Orient Growth Ventures is betting big on Southeast Asia and India, two regions it expects to grow rapidly over the next few decades. Smelling a strong opportunity here, the firm set up a fund-of-funds dedicated to these regions in 2019 and closed its first vehicle at $25 million in 2020. As… Continue reading The LP View: Orient Growth sees opportunities to connect Europe with SE Asia, IndiaThe firm sees these markets as offering the best opportunity to inv…
Category: Automotive
India Deal Review: Indian startup fundraising dips a tad to $1.3b in Nov
Venture funding in Indian startups dipped marginally to touch nearly $1.3 billion in November, compared with $1.4 billion in the previous month, show proprietary data compiled by DealStreetAsia. Deal volume in November, though, moved in the opposite direction. There were 131 private equity and venture capital transactions in the month versus 87 transactions in October,… Continue reading India Deal Review: Indian startup fundraising dips a tad to $1.3b in Nov
Lazada receives another $342.5m capital infusion from Alibaba
E-commerce major Lazada’s Southeast Asian entity has received another $342.5 million in capital infusion from its parent company Alibaba, according to recent filings with Accounting Corporate and Regulatory Authority (ACRA) accessed by DealStreetAsia DATA VANTAGE. This brings the total investment made by Alibaba into the Southeast Asian e-commerce firm to $1.6 billion since the beginning… Continue reading Lazada receives another $342.5m capital infusion from Alibaba
Singapore’s Olam Agri secures $2b bridge financing for parent’s reorganisation
Singapore’s Olam Agri has secured a $2 billion bridge financing facility to support the reorganisation plan of its parent, Olam Group, the grains and animal feed trader said on Monday. Agri-business giant Olam Group announced its reorganisation plan in January 2020 to categorise its products under two operating businesses, with an intention to potentially spin out each unit and list them separately.… Continue reading Singapore’s Olam Agri secures $2b bridge financing for parent’s reorganisation
Uber Eats to pay millions for listing Chicago restaurants without consent
Uber has agreed to a $10 million settlement with the City of Chicago for listing local restaurants in the Uber Eats and Postmates food delivery apps without the restaurants’ consent, as well as for charging excess commission fees. Over $5 million will go toward paying damages back to Chicago restaurants that were affected, and $1.5 million… Continue reading Uber Eats to pay millions for listing Chicago restaurants without consent
Tier-owned Spin exits 10 US markets amid low demand, unfavorable city regulations
Micromobility operator Spin is leaving 10 U.S. markets due to a combination of low demand, over-regulation, under-regulation and poor cost structures, according to a company-wide email sent Friday by Philip Reinckens, Spin’s CEO, that was shared with TechCrunch. Reinckens said the market exits would help Spin cut costs and focus on growing markets that provide… Continue reading Tier-owned Spin exits 10 US markets amid low demand, unfavorable city regulations
The NRLB says Apple interrogated and coerced employees in Atlanta
/ The regulator has found merit to charges made by one of the first unions to schedule a vote for Apple’s US retail locations. The company could be facing another labor board complaint.Illustration by Nick Barclay / The Verge Apple illegally interrogated and made coercive statements to employees during a union drive at one of… Continue reading The NRLB says Apple interrogated and coerced employees in Atlanta
Ansys Announces GlobalFoundries Certification of Semiconductor Tools for GF 22FDX® Platform
Foundry certification enables GF 22FDX customers to validate their chip designs’ power integrity and reliability with Ansys golden signoff tools / Key Highlights Ansys® RedHawk-SC™, Ansys® RaptorH™ and Ansys® HFSS™ certified as signoff solutions for GF’s flagship 22FDX platform Chip designers rely on the predictive accuracy of Ansys’ industry-leading signoff tools to reduce the cost… Continue reading Ansys Announces GlobalFoundries Certification of Semiconductor Tools for GF 22FDX® Platform
TuSimple and Navistar Provide Update on Joint Development Agreement
SAN DIEGO and LISLE, Ill., Dec. 5, 2022 /PRNewswire/ — In a joint announcement, today TuSimple (NASDAQ:TSP) and Navistar announced an end to their co-development under the 2020 Joint Development Agreement. The decision to end the development agreement does not preclude the companies from working together in the future. “I decided to return as TuSimple’s… Continue reading TuSimple and Navistar Provide Update on Joint Development Agreement
GOL divulga os resultados prévios de tráfego de Novembro de 2022
SÃO PAULO, 5 de dezembro de 2022 /PRNewswire/ — A GOL Linhas Aéreas Inteligentes S.A. (B3: GOLL4 eNYSE: GOL), a maior companhia aérea doméstica do Brasil, anuncia os números prévios de tráfego do mês de Novembro de 2022 em comparação com o mesmo período de 2021. Destaques: A oferta total (ASK) da GOL aumentou em 29,7%. O… Continue reading GOL divulga os resultados prévios de tráfego de Novembro de 2022