Southeast Asian online lending platform Funding Societies has appointed Chai Kien Poon as its Malaysia country head. Meanwhile, Creadev, the investment arm of France’s Mulliez family, has appointed JY Chow as its Asia managing director. Funding Societies appoints Malaysia country head Southeast Asian online lending platform Funding Societies has appointed Chai Kien Poon as its Malaysia… Continue reading People Digest: Funding Societies names Malaysia chief; Creadev has new Asia MD
Category: Tech News
Category Added in a WPeMatico Campaign
F&B management startup Runchise raises seed funding and other SE Asia deals
Runchise, a Jakarta-based restaurant management startup, has raised an undisclosed seed funding round anchored by the Indonesia-focused venture capital firm East Ventures. The funding round was also backed by Genesia Ventures, Arise MDI Ventures, Init6, Prasetya Dwidharma, Alto Partners, and angel investors, according to a company announcement. Go to Source
Uber pilots electric cab offering in India
Uber has started offering electric vehicles to customers in certain parts of the Delhi-NCR region and says it will be expanding its efforts over the coming months. The electric cabs are currently only available for pre-scheduled trips. “As the leading mobility app in India, we are committed to supporting the Indian government’s emission goals. Expect… Continue reading Uber pilots electric cab offering in India
TikTok denies that ByteDance planned to use the app to track individuals in the US
TikTok said it does not collect precise GPS location information from users in the US, which means it cannot be used to monitor people “in the way [Forbes] suggested.” The app’s communications team has tweeted that in response to a Forbes article claiming that a China-based team from its parent company, ByteDance, had planned to… Continue reading TikTok denies that ByteDance planned to use the app to track individuals in the US
GAC AION raises $2.5b to become China’s most valuable EV startupThe startup now commands a valuation of over $14.2b.
GAC AION, which is affiliated with the Chinese state-owned automaker Guangzhou Automobile Group (GAC), has pocketed 18.3 billion yuan ($2.5 billion) in a Series A round to become the most valuable startup in China’s electric vehicle (EV) industry. The five-year-old EV subsidiary reached a valuation of over 103.2 billion yuan ($14.2 billion) following the fundraising… Continue reading GAC AION raises $2.5b to become China’s most valuable EV startupThe startup now commands a valuation of over $14.2b.
Lightspeed leads $20m funding in GlobalFair and India deals worth $88m
Gurugram-based B2B building material supplier GlobalFair has raised $20 million in its Series A funding round led by Lightspeed Venture Partners, per an announcement. The financing also saw participation of Saama Capital, India Quotient, AUM Ventures, and Stride Ventures, the startup said in a statement. It will use the funds to grow its team, scale… Continue reading Lightspeed leads $20m funding in GlobalFair and India deals worth $88m
Instacart may put off IPO amid market uncertainty
Grocery delivery app Instacart is likely to postpone its plans to go public in 2022 amid market uncertainty that has left investors worried about growing volatility in capital markets, two sources familiar with the plan told Reuters. The tech IPO market globally is in the middle of its worst drought in nearly two decades. U.S.… Continue reading Instacart may put off IPO amid market uncertainty
Chinese pet lifestyle brand VETRESKA’s SG subsidiary raises $50m
The Singaporean subsidiary of VETRESKA, a Chinese pet lifestyle brand, has received a $50-million strategic investment from Quest FoF, the venture capital (VC) arm of a major pan-Asian agri-food conglomerate. The subsidiary, VETRESKA FUTURE PET FOOD, will use the funds in the production and processing of global food raw materials, advancing its supply-chain system, and… Continue reading Chinese pet lifestyle brand VETRESKA’s SG subsidiary raises $50m
GM’s community EV charging program has its first North American dealer
The first General Motors dealership in North America officially installed Level 2 EV chargers Thursday morning as part of GM’s Dealer Community Charging Program. General Motors revealed its Dealer Community Charging Program a year ago, with plans to install up to 40,000 Level 2 chargers across North America. The program is an extension of its… Continue reading GM’s community EV charging program has its first North American dealer
Indonesian solar startup Xurya raises $11.5m more in Series A fundingThe additional funding was in the form of equity and convertible note agreement
Xurya, a Jakarta-based startup that develops rooftop solar panels for businesses and industries in Indonesia, has announced raising additional Series A funding from Mitsui & Co and Surya Semesta Internusa (SSIA). According to ACRA filings accessed by DealStreetAsia – DATA VANTAGE, Xurya raised $6.5 million in additional equity funding and another $5 million in convertible… Continue reading Indonesian solar startup Xurya raises $11.5m more in Series A fundingThe additional funding was in the form of equity and convertible note agreement