India’s markets regulator, on Monday, proposed a relaxed framework for alternative investment funds (AIFs) and venture capital funds (VCFs) to deal with their unliquidated investments after the fund tenure expires. The Securities and Exchange Board of India (SEBI) suggested that instead of launching a new scheme to liquidate their investments, the tenure of the fund be extended, according… Continue reading India’s market regulator proposes relaxed rules for illiquid AIFs, VC funds
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Deals Digest: Flipkart invests in two units; Roojai acquires Lifepal
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Chinese biopharmaceutical firm Jixing bags $162m Series D round
Jixing Pharmaceutical has pocketed a combined $162 million from German multinational pharmaceutical Bayer and New York-based life science-focused investment firm RTW Investments. Bayer injected $35 million, while RTW Investments pumped in $127 million, according to a release. The partnership will grant Bayer privileged rights to negotiate the commercialisation of JIXING’s pipeline assets in the areas… Continue reading Chinese biopharmaceutical firm Jixing bags $162m Series D round
China Digest: JD Energy, Chemlex raise funds
Energy storage firm JD Energy sealed a Series C round, while contract research organisation Chemlex completed its Series A round. JD Energy bags $42m Series C funding JD Energy, which offers energy storage solutions for commercial and industrial usage, has raised 300 million yuan ($42.2 million) in a Series C round led by Bank of… Continue reading China Digest: JD Energy, Chemlex raise funds
Cleantechnica: US EV Market Grows 29% in 4th Quarter, Tesla Holds 56% Market Share 003192
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! The US electric vehicle market continues to grow — despite many headlines implying the contrary. In the 4th quarter, sales of full battery-electric vehicles (BEVs) were up 29% compared to sales in the 4th quarter of 2022. Compared to… Continue reading Cleantechnica: US EV Market Grows 29% in 4th Quarter, Tesla Holds 56% Market Share 003192
The LP View: VC fund-of-funds have interesting risk return profile, says head of GREE LP FundGREE LP Fund has backed US-based funds such as Khosla Ven…
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L Catterton’s SPAC completes merger with luxury EV maker Lotus Tech
L Catterton Asia Acquisition (LCAA), the special purpose acquisition company (SPAC) of consumer-focused private equity firm L Catterton Asia, has officially merged with Lotus Technology, the luxury electric vehicle arm of sports car brand Lotus. The merger comes a year after the deal was first publicly announced following approval from their respective board of directors.… Continue reading L Catterton’s SPAC completes merger with luxury EV maker Lotus Tech
Grab injects another $109m into digital banking venture GXS Bank
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Viewpoint: More than plugs—unpacking the future of green mobility infra in Indonesia
The author Kenneth Darmansjah is the co-founder and CEO of Soul Parking, an Indonesian startup backed by AC Ventures specialising in efficient motorcycle parking solutions and electric vehicle charging points. Indonesia’s ambitious energy transition goals are set to transform the country, as stakeholders from the public and private sectors recognise the environmental challenges the nation… Continue reading Viewpoint: More than plugs—unpacking the future of green mobility infra in Indonesia
Indian PE major Multiples said to have closed fourth fund at around $800m
India’s Multiples Alternate Asset Management (Multiples PE), founded by former ICICI Venture veteran Renuka Ramnath, is said to have closed its fourth fund Multiples Fund IV at around $800 million, according to multiple sources privy to the development. Go to Source