BNI Ventures, the newest among the corporate venture capital (CVC) arms of Indonesian state-owned lenders, has identified the Series A stage as its investment sweet spot, according to a top executive. The CVC arm of Bank Negara Indonesia (BNI) was legalised in April this year under the official name PT BNI Modal Ventura. In June,… Continue reading Indonesia’s BNI Ventures says Series A stage will be its investment sweet spotHowever, no timeline has been fixed by the CVC to start deploying funds.
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India’s We Founder Circle set to launch sector-agnostic, early-stage VC fund
We Founder Circle (WFC), a startup-investing and accelerator platform in India, is set to launch a venture capital fund to invest in early-stage startups. The founders-led platform has filed papers with markets regulator SEBI (the Securities and Exchange Board of India) for a category-1 Alternate Investment Fund (AIF), which will be sector agnostic and make… Continue reading India’s We Founder Circle set to launch sector-agnostic, early-stage VC fund
SG’s Genesis Alternative Ventures hits first close of $150m second fund
Singapore-based Genesis Alternative Ventures has hit the first close for its $150-million second venture debt fund for Southeast Asia. The fund has secured almost half of its capital commitments with 80% coming from existing investors including Sassoon Investment Corp, Aozora Bank, Korea Development Bank, Mizuho Leasing and Silverhorn. Israeli venture investing platform OurCrowd also joined… Continue reading SG’s Genesis Alternative Ventures hits first close of $150m second fund
SE Asia’s VCs exceed 2021’s fundraising performance in H1 but there’s no denying the chill in the air
Amid high volatility and uncertainty in global markets, Southeast Asian venture capital (VC) firms reported record fundraising performance in the first half of the year, finds the latest report by DealStreetAsia – DATA VANTAGE. Local VCs closed 23 funds to raise an impressive $3.03 billion in the first six months of this year, surpassing the… Continue reading SE Asia’s VCs exceed 2021’s fundraising performance in H1 but there’s no denying the chill in the air
Singtel to sell 3.3% stake in Bharti Airtel for $1.6b
Singapore Telecommunications Ltd on Thursday said it would sell a 3.3% stake in India’s Bharti Airtel Ltd to Bharti Telecom Ltd for an aggregate consideration of about S$2.25 billion ($1.61 billion). Singtel, Southeast Asia’s largest telecom firm, said its units Pastel Ltd and Viridian Ltd would together sell 198 million shares they hold in India’s… Continue reading Singtel to sell 3.3% stake in Bharti Airtel for $1.6b
My iPhone is calling to me with a different voice
Apple’s upcoming iOS 16 update brings with it a lot of new features — things like the ability to customize your Lock Screen, edit iMessages, or copy written text from a video. But Apple’s also made an under-the-radar change to some of the iPhone’s sounds, which some of us hear at The Verge noticed while… Continue reading My iPhone is calling to me with a different voice
Google Play Games beta opens outside the US
Starting today, users in Korea, Hong Kong, Taiwan, Thailand, and Australia will be able to register for the open beta for Google Play Games on their PCs. Normally, this catalog of games would be restricted to Chromebooks or other Android-enabled devices, but it will soon be available able to run natively on PCs for users… Continue reading Google Play Games beta opens outside the US
Keppel consortium to buy 80% in Singapore’s 800 Super Holdings for $217m
A consortium comprising Keppel Asia Infrastructure Fund LP (KAIF) and Keppel Infrastructure will jointly acquire an 80% stake in the Singapore-based environment services company 800 Super for S$304 million ($217 million). The deal values 800 Super at S$380 million, with KAIF and Keppel Infrastructure holding a 48% and 32% stake respectively. 800 Super’s co-founder and… Continue reading Keppel consortium to buy 80% in Singapore’s 800 Super Holdings for $217m
Musk claps back at customer criticism of Tesla FSD beta
Elon Musk hasn’t taken kindly to recent criticism of Tesla FSD beta software — the soon-to-be $15,000 upgraded version of its advanced driver assistance system that the CEO promises one day will deliver full autonomous driving capabilities. When a Tesla owner publicly criticized the latest update of the FSD beta software, Musk clapped back via… Continue reading Musk claps back at customer criticism of Tesla FSD beta
Tesla’s bid to dismiss racial bias suit denied in tentative ruling
Tesla won’t be able to shake itself from California’s Department of Civil Rights lawsuit for racial bias and harassment just yet. A California judge Tuesday evening issued a tentative ruling denying Tesla’s motion to dismiss the case. Tesla had argued that DCR did not follow proper protocol in its investigations into the automaker’s Fremont factory,… Continue reading Tesla’s bid to dismiss racial bias suit denied in tentative ruling