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…
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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
Autonomous driving’s blunders are good news for the climate
Not quite a decade ago, two technologies were racing toward an unseen finish line. They weren’t competing with each other — the adoption of one didn’t lock out the other. But to avoid catastrophic climate consequences, the order of the finish mattered. Autonomous vehicles had to lose, and electric vehicles had to win. It wasn’t… Continue reading Autonomous driving’s blunders are good news for the climate
BrightDrop expands e-delivery van business to Canada with DHL Express
BrightDrop, General Motors’ electric delivery van subsidiary, added DHL Express Canada to its portfolio of customers, marking the company’s entrance into its first international market. BrightDrop has also started production on its Zevo 600 delivery vans (formerly called EV600) at GM’s CAMI Assembly plant in Ontario, the company said Monday at the plant’s grand opening.… Continue reading BrightDrop expands e-delivery van business to Canada with DHL Express
Toyota to launch five new ‘Bz’ BEVs in Europe as it works toward 50% EV sales by 2030
During Toyota’s annual Kenshiki Forum, the Japanese automaker outlined a hardened strategy for electrification in Europe, which will include five additional fully-electric models to join the bZ4X overseas by 2026. Toyota hopes these BEV options will accelerate its sales goal of being 50% electric by 2030 and carbon neutral by 2040. If you’re an avid… Continue reading Toyota to launch five new ‘Bz’ BEVs in Europe as it works toward 50% EV sales by 2030