Early-stage venture capital firm Access Ventures is looking to raise $50-100 million for its third vehicle, after closing its second fund at around $40-50 million, DealStreetAsia has learnt from sources aware of the development. The second fund, which closed last year, most recently led a $2 million Series A investment in the Vietnamese D2C menswear… Continue reading Access Ventures looks to raise $50-100m for new vehicle, closes Fund II at around $50m
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Is Tiger Global blazing a new funding trend In India – again?
When Tiger Global made its first seed investment in Indian e-commerce enablement startup Shopflo earlier this month, it created a stir in the industry. The New York-headquartered hedge fund is known so far to participate in larger rounds at later stages in private companies. Its investment has paved the way for some of the startups… Continue reading Is Tiger Global blazing a new funding trend In India – again?
Temasek-backed Leapfrog raising $1b fund, IFC may come in as LP
Global impact fund manager LeapFrog Investments, which received a commitment of $500 million from Temasek last year, is raising a $1-billion growth-stage fund that will invest in healthcare and financial services businesses in Africa, South Asia, and Southeast Asia. International Finance Corporation (IFC), a member of the World Bank Group, has proposed to invest up… Continue reading Temasek-backed Leapfrog raising $1b fund, IFC may come in as LP
Snap says it will miss this quarter’s revenue goals and slow hiring
Snap CEO Evan Spiegel wrote in an internal memo that the company will miss its revenue goals for this quarter. Snap will also slow its pace of hiring, a tactic that companies like Meta and Uber have employed as a way to cut costs. Though Snap continues to grow year over year, Spiegel says the… Continue reading Snap says it will miss this quarter’s revenue goals and slow hiring
Starlink’s new RV plan lets buyers skip the line if they pay more for worse service
SpaceX’s Starlink is still scaling up its constellation of internet satellites, and the service is only intended for use at the specific location where the user is registered. But as we noted earlier this month, for an additional $25 per month, it will let users take their dish somewhere else every now and then with… Continue reading Starlink’s new RV plan lets buyers skip the line if they pay more for worse service
Hyundai plans to spend $10B on EVs, AVs and robotics in the US by 2025
Hyundai said it plans to invest more than $10 billion toward accelerating electrification and autonomous vehicle technology in the U.S. by 2025. Part of that pot includes the $5.5 billion Hyundai has earmarked for its new EV plant and battery manufacturing facility in Georgia announced Friday. Non-affiliated suppliers are contributing another $1 billion into that… Continue reading Hyundai plans to spend $10B on EVs, AVs and robotics in the US by 2025
Money order vs. cashier’s check: What’s the difference?
(Image: USPS) Money order or cashier’s check helps when you need money in a flash and a traditional check just won’t do. But what is the difference between the two? Here we help break down the difference between a money order and a cashier’s check so you can make the right decision for your finances,… Continue reading Money order vs. cashier’s check: What’s the difference?
Tesla lobbies for anyone with solar and batteries to participate in Texas’ energy market
Tesla has filed to change rules for grid operators in Texas in order to enable anyone with solar and batteries, including residential homeowners, to participate in the state’s energy market. Since moving to Texas, Tesla has been lobbying to change several energy market rules in order to more efficiently deploy its energy products on the… Continue reading Tesla lobbies for anyone with solar and batteries to participate in Texas’ energy market
Tesla is back to ramping up Gigafactory Shanghai to new production records
Tesla is back to ramping up production at Gigafactory Shanghai. The automaker could reportedly be back to pre-shutdown level as soon as tomorrow and plans to ramp up to new records later this week. Like many other companies, Tesla had to shut down production at its Shanghai factory last month after local authorities imposed serious… Continue reading Tesla is back to ramping up Gigafactory Shanghai to new production records
Cheesemakers Embedding Tiny Tracking Chips in Parmesan
Do you know where that’s been? Cheesed Off No, this is not some harebrained conspiracy theory fueled by Big Cheese. Italian Parmigiano Reggiano cheesemakers, who make “real” parmesan cheese, are inserting tracking chips into the rinds of their cheese wheels in an effort to undermine shady competitors who falsely claim they make real parmesan cheese,… Continue reading Cheesemakers Embedding Tiny Tracking Chips in Parmesan