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The company raised its 2024 revenue and group adjusted EBITDA forecast. Just In Trending. 1. Vietnam's loss-making EV firm VinFast to get $3.4b more funding from founder, Vingroup. 2. SoftBank beats forecasts with $7.7b quarterly profit as Vision Fund bounces back. 3. China Digest: Animoca's Mocaverse raises $10m; HKIC investment plan.
SEA Digest: OpenAI opens SG office; TransTRACK in acquisition talks
Oct 10, 2024 · Indonesia’s TransTRACK in acquisition talks. TransTRACK, an Indonesian fleet tracking startup, is in talks to acquire a majority stake in a local port and marine fleet management solution provider, TechInAsia reported on Oct. 10. TransTrack co-founder and CEO Anggia Meisesari, however, did not disclose the name of the target company in the ...
Indian fine jewellery maker GIVA shines with $30m extended …
Oct 14, 2024 · Indian fine jewellery retailer GIVA Jewellery on Monday said it has raised Rs 255 crore ($30.4 million) in its extended Series B round led by Premji Invest, Epiq Capital, Edelweiss Discover Fund, and the top management of GIVA. The funding round, comprising 35% primary investment and 65% secondary investment, facilitated the successful partial ...
Singapore digital healthcare provider WhiteCoat to acquire Good …
11 October, 2024. Singapore’s digital healthcare provider WhiteCoat Global on Friday announced the acquisition of peer Good Doctor Indonesia for an undisclosed amount, marking a significant consolidation in the sector. The merger will serve over 6.8 million insured individuals through partnerships with 130 insurers and 7,500 corporate clients.
SE Asia Digest: PasarPolis, Gojek deepen insurance access; BYD …
Oct 11, 2024 · Chinese EV maker BYD has launched its luxury brand Denza in Singapore, marking the brand’s entry outside Hong Kong across major Asia-Pacific markets. BYD Auto’s general manager for Asia-Pacific sales Liu Xueliang said Denza would be introduced in several other markets in the coming months. Thailand is next on the list, with a launch ...
Singapore Venture Funding Landscape 2023 Nine-Month Report
The report, Singapore Venture Funding Landscape 2023: A Nine-Month Study, captures and analyses data on private funding bagged by venture-backed companies in the city-state, along with Indonesia, Malaysia, Vietnam, the Philippines and Thailand. Bogged down by macroeconomic uncertainties, geopolitical tensions and high interest rates, the total ...
Chinese PE firm Wise Road in advanced talks to buy Singapore's …
Nov 8, 2023 · REUTERS/Tingshu Wang/File Photo. Kane Wu, Yantoultra Ngui. 08 November, 2023. Chinese private equity firm Wise Road Capital is in advanced talks to buy Singapore’s Innovalues Holdings from Northstar Group, two sources with knowledge of the matter said.
Japanese proptech startup estie secures $19m in Series B funding
Oct 9, 2024 · Japanese property technology startup estie, inc. has announced raising 2.8 billion yen (about $20 million) in its Series B funding round co-anchored by Singapore venture capital fund Vertex Growth and the Development Bank of Japan.. The round was also backed existing investors, including Globis Capital Partners, University of Tokyo Edge Capital Partners, and …
Rich Indonesian family’s tea company Sinar Sosro mulls $100m …
Oct 11, 2024 · Pimfha Chan, Aastha Maheshwari. 11 October, 2024. One of Indonesia’s largest ready-to-drink tea companies Sinar Sosro, which is part of conglomerate Rekso International, is considering selling a stake in a deal that could be worth as much as $100 million, according to multiple people with knowledge of the matter. Edited by: Padma Priya.
[Updated] Indonesian poultry startup Chickin raises $20m funding
Mars W. Mosqueda Jr. 29 October, 2024. Editor’s note: An earlier version of this story pegged the size of the investment at $12 million, based on ACRA filings. The story has been updated following the company’s response. Edited by: Padma Priya.