Tech giants in SE Asia gear up to grab a slice of online grocery delivery pie
Online groceries saw maximum growth in the e-commerce space in Southeast Asia last year.
S Korean agrifood trading platform Tridge raises $60m in Series C
Seoul-based alternative investment firm Forest Partners anchored the funding round.
SG’s Abound Capital in talks to raise venture debt fund, gets licence from MAS
The firm is scouting for Series A deals in startups in Asia.
Sovereign asset managers raise ESG focus in wake of COVID-19, finds Invesco survey
Sovereign funds too are pushing on in scouting out sustainable investment opportunities.
India: Hero Electric raises $30m from Gulf Islamic Investments, OAKS
The funding is the first part of its Series B round.
How SoftBank’s six-year, $11b bet on Chinese ride-hailer Didi turned sour
As of Friday’s close, SoftBank’s stake was worth just around $11.2 billion, making the bet barely profitable.
India: Ujjivan SFB initiates steps to merge with holding company
The decision comes after RBI allowed SFBs to apply for amalgamation on completion of five years in business.
China says firms with large user data to undergo security before overseas listing
China’s cyberspace regulators are imposing tighter restrictions on data collection and data storage.