SBICAP Ventures, a subsidiary of India’s largest lender State Bank of India (SBI), has extended the window to close its second climate fund by six months to June 2023, its MD & CEO Suresh Kozhikote told DealStreetAsia in an interview. The asset manager is currently on the road to raise the remaining Rs 800 crore… Continue reading SBICAP Ventures in talks to rope in two large institutional LPs for Neev Fund 2The objective of the fund is to create an infrastructure for backward I…
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SE Asia Deal Review: Startup fundraising falls below $1b for the first time this year in Nov
November was the worst month so far this year for Southeast Asia’s startups in terms of both fundraising value and volume, show proprietary data compiled by DealStreetAsia. Startups in the region amassed a mere $743 million from 67 transactions — venture capital, private equity, debt financing, and corporate rounds — last month, marking the first time… Continue reading SE Asia Deal Review: Startup fundraising falls below $1b for the first time this year in Nov
Asia PE exit activity dries up in 2022 as investors hold out for better market conditions
Private equity exit activity in Asia hit the cool-down phase in 2022 as the broader macro environment continued to be less promising marked by inflation, rate hikes, global recession fears, and market volatility. Against this backdrop, investors were left with little choice but to extend their holding periods or accept lower returns on their investments.… Continue reading Asia PE exit activity dries up in 2022 as investors hold out for better market conditions
IFC weighs $20m quasi-equity investment in Vietnamese retailer GS25 VN
World Bank Group member International Finance Corporation (IFC) is considering a quasi-equity investment of 460 billion dongs (about $20 million) in Vietnamese convenience store chain operator GS 25 Ltd (GS25 VN). In a disclosure, IFC said the proposed investment will support GS25 VN’s expansion of new convenience stores in Vietnam in the 2022-2025 period. Go… Continue reading IFC weighs $20m quasi-equity investment in Vietnamese retailer GS25 VN
Vegas visitors can take semi-autonomous EVs for a tour starting in 2023
Arcimoto, the maker of the three-wheeled electric Fun Utility Vehicles (FUVs), is teaming up with Faction to develop EVs that can be delivered to a customer’s hotel through a combination of low-level autonomy and tele-assist technology. The tie-up is part of an upcoming pilot in Las Vegas with GoCar Tours that will allow tourists to… Continue reading Vegas visitors can take semi-autonomous EVs for a tour starting in 2023
Shield AI raises another $60M at a $2.3B valuation for its military autonomous flying tech
Defense technology continues to get a lot of attention from investors, and today, one of the bigger startups in the space is announcing more funding. Shield AI — which develops platforms and planes for autonomous flying systems, targeting the U.S. military and its allies as customers — has raised $60 million in funding, money that… Continue reading Shield AI raises another $60M at a $2.3B valuation for its military autonomous flying tech
Honda says VR is changing how it designs cars. You might not notice.
Honda is pulling away from a design practice that’s (literally) shaped auto making since the ’30s. The $43 billion company still depends on life-size clay models to evaluate its designs, a tried and true method pioneered by GM designer Harley Earl. But Honda is gradually relying less on the practice, ever since the Coronavirus tore… Continue reading Honda says VR is changing how it designs cars. You might not notice.
Tidal is testing a new DJ session feature for HiFi Plus subscribers
/ Tidal HiFi Plus subscribers enrolled in the company’s early access program can now start a DJ session — which lets other paid subscribers listen in from anywhere. The now-playing screen shows a red DJ button that enables the live streaming-like function.Image: Tidal Tidal, the high-bitrate quality music streaming service, is testing a new feature… Continue reading Tidal is testing a new DJ session feature for HiFi Plus subscribers
Geely’s electric car brand Zeekr files US IPO confidentially
Zeekr, the premium electric car brand under China’s Geely, said Tuesday it has confidentially filed for a U.S. initial public offering. If it goes through, it’ll be the first major Chinese listing in the country in nearly two years, following China’s effective ban of foreign IPOs. Last week, Zeekr filed with regulators but didn’t provide… Continue reading Geely’s electric car brand Zeekr files US IPO confidentially
Boom takes the wraps off its supersonic Symphony engine design
Boom Supersonic is working hard to upend the status quo in commercial flight with its Overture airliner — a supersonic craft that will be propelled by brand-new engines the company just revealed. Building from scratch shows that Boom is doubling down on setting itself apart from the rest of the industry. Building a new aircraft… Continue reading Boom takes the wraps off its supersonic Symphony engine design