After carrying the latest piece of the country’s Tiangong space station to orbit on July 24th, a Chinese Long March 5B rocket reentered Earth’s atmosphere on Saturday, creating a dazzling (albeit somewhat unsettling) display as it crashed down in the Indian Ocean. A Twitter user named Nazri Sulaiman captured a 27-second clip of the rocket’s… Continue reading Debris from an out-of-control Chinese rocket fell over the Indian Ocean
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The LP View: Firms need a path to profitability even if it means slower growth, says Capria Ventures“Ho Chi Minh City is emerging as a major startup t…
Lured by the region’s growth potential, US-based fund-of-funds Capria Ventures says it will soon announce some direct investments in Southeast Asia. So far, Capria Ventures has been investing in Asia in partnership with local venture capital firms. Most recently, it invested in AVV Alpha, the debut fund of venture capital firm Ascend Vietnam Ventures, which… Continue reading The LP View: Firms need a path to profitability even if it means slower growth, says Capria Ventures“Ho Chi Minh City is emerging as a major startup t…
A new set of founders will emerge in Indonesia amid funding winter: Vertex Ventures
The next generation of Indonesian startup founders, who have honed the skills required to operate in the archipelago from their stints at top unicorns, will emerge in the country amid the ongoing global funding winter, said Joshua Agusta, a senior executive at Vertex Ventures Southeast Asia and India. Agusta, who joined as an executive director… Continue reading A new set of founders will emerge in Indonesia amid funding winter: Vertex Ventures
Djarum-backed Indonesian e-commerce player Blibli inches closer to IPO
Indonesian e-commerce player Blibli is looking at tapping the public market in Jakarta to raise at least $400 million in its initial public offering (IPO) later this month or early September 2022, multiple sources told DealStreetAsia. The company had earlier proposed to float its IPO by end-June or July, the sources added. Go to Source
India mints only four unicorns in Q2 vs 15 in Q1 as funding declines
With a funding winter looming large on India’s startup ecosystem, a lot of companies that were earlier nearing the coveted ‘unicorn’ mark may now have to wait longer. Take the second quarter of this year for instance. Only a handful of four startups in India made it to the list, thereby achieving a valuation of… Continue reading India mints only four unicorns in Q2 vs 15 in Q1 as funding declines
Affirma Capital invests $38m in US digital content producer Terapin Studios
Singapore-based private equity firm Affirma Capital announced that it has pumped in a total of $38 million in US-headquartered digital content producer Terapin Studios. The investment was part of a $93-million co-investment made with Korean private equity firm NPX Private Equity, according to the announcement. Terapin Studios is engaged in the production of digital content… Continue reading Affirma Capital invests $38m in US digital content producer Terapin Studios
Bolt Mobility has vanished, leaving e-bikes, unanswered calls behind in several US cities
Bolt Mobility, the Miami-based micromobility startup co-founded by Olympic gold medalist Usain Bolt, appears to have vanished without a trace from several of its U.S. markets. In some cases, the departure has been abrupt, leaving cities with abandoned equipment, unanswered calls and emails and lots of questions. Bolt has stopped operating in at least five… Continue reading Bolt Mobility has vanished, leaving e-bikes, unanswered calls behind in several US cities
Best Gaming Laptops Under $1,000 in 2022
Playing modern PC games used to require a desktop machine worth thousands of dollars, but the gaming laptops under $1,000 offer similar performance for a lot less. Yes, desktop PCs still have an advantage over portables because they don’t have to balance power consumption with battery life, but laptops win on portability. A gaming laptop… Continue reading Best Gaming Laptops Under $1,000 in 2022
Scientists Discover Unique Triple Star System
But there might be more. Three’s Company There’s something pretty special about the star system that a team of researchers just discovered. The international group of scientists published a study in the journal Monthly Notices of the Royal Astronomical Society in June, and yesterday Axios revealed additional details about the stars. The triple system features two… Continue reading Scientists Discover Unique Triple Star System
Taylor Swift Didn’t Rack Up Wasteful Private Jet Miles Alone, Team Says
“To attribute most or all of these trips to her is blatantly incorrect.” Seeing Red A solid portion of the internet flipped out on Taylor Swift this week after a marketing firm dropped a report that says she and her private jet are the world’s worst celeb CO2 emission offenders. Yard said Friday they used… Continue reading Taylor Swift Didn’t Rack Up Wasteful Private Jet Miles Alone, Team Says