Chinese alternative assets manager CDH Investments announced that it has agreed to sell The Better Health Company, one of New Zealand’s leading natural health products firms, to Nestle Health Science. The terms of the transaction, which is expected to close in the fourth quarter of 2022, were not disclosed. The exit comes five years after… Continue reading China’s CDH Investments sells New Zealand’s The Better Health Company to NestleThe exit comes five years after CDH invested in The Better Health Compa…
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Ascend Vietnam Ventures closes debut fund at over $50mThe fund is aiming to build the next wave of globally iconic startups emerging from Vietnam.
Venture capital firm Ascend Vietnam Ventures (AVV) has announced it has exceeded the $50 million target for its flagship early-stage venture capital fund, AVV Alpha. DealStreetAsia had earlier reported that AVV was said to be raising a $50-million vehicle. Led by Binh Tran and Eddie Thai, who have worked together since 2015, founding and running… Continue reading Ascend Vietnam Ventures closes debut fund at over $50mThe fund is aiming to build the next wave of globally iconic startups emerging from Vietnam.
HK chatbot developer FreeD eyes SE Asia expansion after raising $15m
FreeD Group, a Hong Kong-based software company that has built artificial intelligence-powered chatbots and recommendation engines for clients including Samsung Electronics and Marriott International, has raised $15 million in a new funding round led by a Daiwa Securities Group fund. Alongside Daiwa ACA APAC Growth, Hong Kong property developer ChinaChem Group and the city government’s… Continue reading HK chatbot developer FreeD eyes SE Asia expansion after raising $15m
BNPL seen booming in SE Asia even as model faces testing times in mature markets
This is the first of the three-part series on the fledgling, yet fast-growing, BNPL sector in SE Asia. The buy-now-pay-later (BNPL) model continues its upward growth trajectory in Southeast Asia — a region with a growing middle class and a 50% population outside the ambit of formal banking — with venture-backed startups dominating the scene.… Continue reading BNPL seen booming in SE Asia even as model faces testing times in mature markets
Fresh from a $70m round, Deliveree looks to expand “war on empty trucks” across Indonesia
Thailand-born on-demand logistics company Deliveree, which raised $70 million in a Series C round earlier this week, is keen on officially shifting its headquarters to Indonesia — a market that is expected to account for 50-60% of its gross transaction volume (GTV) by end-2023. Indonesia — which currently contributes 40% of Deliveree’s GTV — is… Continue reading Fresh from a $70m round, Deliveree looks to expand “war on empty trucks” across Indonesia
Indian EV startups find favour with investors, see sharp spike in investments
Indian startups operating in the light electric mobility space have bucked the overall fundraising slowdown trend as risk capital investors place their bets on the growth prospects of the nascent but fast-growing sector. The segment, which covers electric two- and three-wheeler makers, battery manufacturers and EV charging startups, has already racked up about $482 million… Continue reading Indian EV startups find favour with investors, see sharp spike in investments
Tesla lays off nearly 200 Autopilot workers, shutters San Mateo office
Tesla has gutted the data annotation team working on Autopilot, laying off nearly 200 employees and shutting down the San Mateo, California office where they worked. The layoffs, first reported by Bloomberg, have been confirmed by sources who talked to TechCrunch on condition of anonymity. The cuts come amid a broader reduction of jobs at… Continue reading Tesla lays off nearly 200 Autopilot workers, shutters San Mateo office
Are Hyper’s stackable USB-C chargers melting?
Did you buy one of Targus / Sanho / Hyper / HyperJuice’s nifty 100W or 65W USB-C chargers with stackable passthrough AC outlets that let you theoretically scale up to loads of powerful ports? I did — and today, I’m thinking twice about whether it belongs in my bedroom. Yesterday, tipster Marc-Antoine Courteau brought it… Continue reading Are Hyper’s stackable USB-C chargers melting?
Volkswagen, Siemens invest $450M into Electrify America in EV charging push
Volkswagen Group subsidiary Electrify America said Tuesday it raised $450 million in a deal that includes its first external investor as it aims to accelerate its rollout of ultra-fast charging stations in the U.S. and Canada. The deal, which values North America’s largest ultra-fast EV charging network at $2.45 billion, includes more than $100 million… Continue reading Volkswagen, Siemens invest $450M into Electrify America in EV charging push
BMW taps Valeo for driving assistance systems in its next-gen EVs
BMW Group has tapped Valeo to provide the advanced driver assistance system for the automaker’s new electric vehicle platform due to launch in 2025. The deal, a significant win for Valeo, also holds importance for BMW. The automaker is aiming to capture a 50% market share of global EV sales by the end of the… Continue reading BMW taps Valeo for driving assistance systems in its next-gen EVs