Swedish private equity firm is “particularly excited” about investment opportunities in India as a key market within Asia, according to the firm’s CEO and managing partner Christian Sinding. During EQT’s Q3 2022 conference call on Tuesday, he said the Indian market offered excellent deal opportunities, driven by the country’s tech services and next-generation software companies.… Continue reading India is a key market within Asia for EQT, says CEO Christian Sinding
Category: Tech News
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Vertex Ventures set to raise nearly $500m for China-focused fund
Venture capital firm Vertex Ventures, backed by Singapore state investor Temasek, is set to raise nearly $500 million for a new fund that will invest in efforts to step up China’s domestic tech development, a senior executive said. The new fund’s size will exceed an initial target of $400 million, compared with an earlier, similar fund that… Continue reading Vertex Ventures set to raise nearly $500m for China-focused fund
Indonesia sets up $1b fund to improve access to clean water
Indonesia has launched a $1 billion fund that will invest in projects providing clean water access throughout the archipelago, according to a statement. Dubbed the Indonesia Water Fund (IWF), the government has assigned state-owned fund management firm PT Danareksa, construction company PT Nindya Karya, and water management companies Perum Jasa Tirta 1 and Perum Jasa… Continue reading Indonesia sets up $1b fund to improve access to clean water
Foxconn’s CEO hopes to one day make Tesla’s cars
/ As the iPhone assembler announces another pair of EV prototypes, its CEO talks a big talk about its plans for EV manufacturing Foxconn founder Terry Gou introduces the prototype Model B.Photo by SAM YEH/AFP via Getty Images Foxconn’s chairman and CEO Liu Young-way hopes to one day be in a position to produce electric… Continue reading Foxconn’s CEO hopes to one day make Tesla’s cars
Photoshop is making it easier to quickly edit and collaborate on projects
/ Adobe has improved AI-powered object selections and introduced new sharing and artist crediting features New features are available for Photoshop for iPad, as well as the desktop Photoshop application and Photoshop for web beta.Image: Adobe / Danner Orozco Photoshop is getting some new collaboration tools and AI capabilities to help remove some of the… Continue reading Photoshop is making it easier to quickly edit and collaborate on projects
Rolls-Royce announces the 2024 Spectre electric ‘super coupe’ with 260 miles of range
/ The Spectre is the British marque’s first electric vehicle, an ultra-luxury ‘super coupe’ with ‘indulgent proportions’ and the widest grille in Rolls-Royce history The 2024 Rolls-Royce Spectre is the automaker’s first foray into electrification.Image: Rolls-Royce Rolls-Royce revealed its first all-electric vehicle, the 2024 Spectre, an ultra-luxury coupe with an estimated 260 miles of range… Continue reading Rolls-Royce announces the 2024 Spectre electric ‘super coupe’ with 260 miles of range
Qiming-backed Chinese SaaS firm Transwarp makes strong STAR Market debut
Shanghai-headquartered Software-as-a-Service (SaaS) company Transwarp, which is backed by Qiming Venture Partners, on Tuesday made a stellar STAR Market debut with its shares opening at 47.34 yuan ($6.58) apiece and closing at 72 yuan apiece, up by approximately 52%, according to a statement. The firm has raised 1.43 billion yuan ($199 million) in an initial… Continue reading Qiming-backed Chinese SaaS firm Transwarp makes strong STAR Market debut
Indonesia’s Social Bella bags $60m led by Temasek and L Catterton
Indonesian tech-enabled beauty company Social Bella, known for its omnichannel commerce site Sociolla, has raised $60 million in a funding round led by Singapore state investor Temasek Holdings and L Catterton. East Ventures, Jungle Ventures, and other existing investors also participated in the round, the company said on Tuesday. The announcement confirms a DealStreetAsia report… Continue reading Indonesia’s Social Bella bags $60m led by Temasek and L Catterton
Venture Catalysts, SphitiCap back ClearDekho and India deals worth $398m
Eyewear brand ClearDekho has raised $5 million in its Series A funding round led by new investors Venture Catalysts and SphitiCap along with investments from Dholakia Ventures, NB Ventures, Estrela Ventures, Cornerstone, Boon Capital, FAAD Network and others, it announced on Tuesday. Founded by Shivi Singh and Saurabh Dayal in 2017, ClearDekho claims to have… Continue reading Venture Catalysts, SphitiCap back ClearDekho and India deals worth $398m
People Digest: MAS appoints chief sustainability officer; Crown Digital announces new hires
The Monetary Authority of Singapore (MAS) has appointed Gillian Tan as chief sustainability officer while Crown Digital has announced several key hires. MAS names Gillian Tan as chief sustainability officer The Monetary Authority of Singapore (MAS) has appointed Gillian Tan as chief sustainability officer from 17 October 2022, according to an announcement. This position adds… Continue reading People Digest: MAS appoints chief sustainability officer; Crown Digital announces new hires