Category: Tech News

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IFC weighs $55m debt financing for TPG-backed Fourth Partner Energy

International Finance Corporation (IFC), a member of the World Bank Group, is considering a $55-million debt financing for Indian solar panel provider Fourth Partner Energy, according to a disclosure. The proposed loan will help finance the onsite and offsite solar and wind-power plants being built by Fourth Partner across India at an estimated cost of… Continue reading IFC weighs $55m debt financing for TPG-backed Fourth Partner Energy

Indonesia extends loan relief for some pandemic-hit sectors

Indonesia has extended loan forbearance for businesses such as accommodation as well as the textile and footwear industries that are yet to recover from the impact of the COVID-19 pandemic, the country’s financial regulator said on Monday. The Financial Services Authority (OJK) has since March 2020 provided incentives to banks to restructure loans for debtors… Continue reading Indonesia extends loan relief for some pandemic-hit sectors

Tempo Automation merges with S Korean SPAC ACE ConvergenceACE Convergence raised $230m in July 2020.

Tempo Automation, a US-based electronics manufacturer, has agreed to go public through a merger with ACE Convergence Acquisition, a special purpose acquisition company (SPAC) sponsored by Korean PE firm ACE Equity Partners. ACE Convergence Acquisition is the first SPAC sponsored by a Korean manager. The blank check company raised $230 million in July 2020. Go… Continue reading Tempo Automation merges with S Korean SPAC ACE ConvergenceACE Convergence raised $230m in July 2020.

Indonesian content creator startup TipTip raises $13m led by East Ventures

Indonesian content creator platform TipTip has raised $13 million in a Series A funding round led by East Ventures to accelerate platform adoption and diversify its product offerings. Vertex Ventures, SMDV, B.I.G. Ventures and prominent angels joined the round, the company said in a statement on Monday. TipTip was founded by Albert Lucius in 2021.… Continue reading Indonesian content creator startup TipTip raises $13m led by East Ventures

Vietnam’s grocery platform Cooky bags $4.5m from Nextrans, Do Ventures

Vietnamese e-grocery shopping platform Cooky has raised $4.5 million in a funding round led by Korea-based investment firm Nextrans and local venture capital firm Do Ventures, according to an announcement.  Cooky was started by Minh Dang and Dai Nguyen who were the founding members of Vietnam’s pioneer food delivery player Foody. After successfully exiting Foody… Continue reading Vietnam’s grocery platform Cooky bags $4.5m from Nextrans, Do Ventures

Ferrari’s Vision hybrid race car arrives in ‘Gran Turismo 7’ on December 23rd

Since 2013, Gran Turismo’s Vision project has seen some of the world’s largest automakers, including Jaguar and Mercedes-Benz, imagine what their cars could look like without real-world constraints. Over the weekend, GT series developer Polyphony Digital announced the latest addition to the Vision stable, an entry from Ferrari, would arrive in Gran Turismo 7 on… Continue reading Ferrari’s Vision hybrid race car arrives in ‘Gran Turismo 7’ on December 23rd

‘Half-Life: Alyx’ mod adds four hours of single-player content

Two years after its release, Half-Life Alyx remains the definitive VR experience. So it’s no surprise a lot of people want more. Until Valve announces a sequel (which might take a while), it’s up to the modding community to provide new content. Thankfully, Levitation, a new single-player mod for Half-Life Alyx, not only extends the… Continue reading ‘Half-Life: Alyx’ mod adds four hours of single-player content

VinaCapital defers $160m worth PE deals due to market uncertaintyThe firm had signed legal documents to invest the sum across two projects.

Vietnam-based asset management firm VinaCapital has postponed investments worth about $160 million in two private equity projects due to unfavourable market conditions. The firm had signed legal documents to invest about $100 million and $60 million in each project since the start of July but has now decided to postpone the deals with a hope… Continue reading VinaCapital defers $160m worth PE deals due to market uncertaintyThe firm had signed legal documents to invest the sum across two projects.

Indonesia’s BNPL hopefuls may land a good bargain with multifinance firms

Several Indonesian multifinance companies could be up for grabs amid pressure to meet the financial regulator’s minimum capital requirement of 100 billion rupiah ($6.38 million). Bambang Budiawan, head of the non-bank financial industry supervision department at the Indonesia Financial Services Authority (OJK), said 30% of the 154 multifinance firms in the country will need to… Continue reading Indonesia’s BNPL hopefuls may land a good bargain with multifinance firms