Startups

People wade through a flooded street following heavy rain in the Philippines in October. The Asia-Pacific region has been hit hard by extreme weather this year.
COP27

AI weather forecaster sets sights on battered Asia-Pacific

CEO: Machine learning quickly adapts to extreme weather from climate change

20 November 2022
Heavy traffic in Shanghai in March, 2021.
DealStreetAsia

Chinese auto parts maker Kasco raises $72m in Series B round

Producer of vehicle air suspension counts Dongfeng Motor as client

16 November 2022
Opn has attained unicorn status and is backed by Sumitomo Mitsui Banking Corporation and a subsidiary of Toyota Motor. (Photo courtesy of Opn)
Startups

Japan fintech unicorn Opn to buy U.S. payments company MerchantE

Startup's $357m deal will help fuel expansion into markets outside Asia

15 November 2022
Restaurant operator Impresario Entertainment and Hospitality Private owns brands such as Social, Mocha and Smoke House Deli. (Photo from Smoke House Deli website)
DealStreetAsia

Indian restaurant operator raises $68m from Resurgence Fund

Impresario Entertainment to expand domestic presence from 17 cities to 30

15 November 2022
Shinhan Financial Group hopes to act as a bridge between the startup markets of South Korea and Japan.
Startups

South Korean financial group opens startup accelerator in Japan

Shinhan Financial looks to get on ground floor of growing startup market

12 November 2022
SoftBank Group reported its first quarterly net profit since 2021 on Nov. 11. (Photo by Mayumi Tsumita)
Business trends

SoftBank Group loses all Vision Fund gains in tech downturn

Masayoshi Son says in 'last' briefing he will focus on growing chip company Arm

11 November 2022
Speedoc's services include house-call doctors, medication delivery, telemedicine and remote diagnosis. (Source image from Speedoc Facebook page)
DealStreetAsia

Singapore digital health platform Speedoc raises $28m

Company operates as a virtual clinic and hospital care provider

8 November 2022
Blibli CEO Kusumo Martanto, center, addresses reporters in Jakarta in October. "We hope to increase investor confidence in the technology sector," he said on Nov. 8. (Photo by Nana Shibata)
IPO

Indonesia's Blibli closes flat in market debut after $510m IPO

E-commerce company is the latest to test stock investors' appetite

8 November 2022
Tototo products made of fish skin: The founder of the brand transforms fish waste into leather products. (Handout photo from Think sea)
Opinion

Young Asian social entrepreneurs offer hope through climate action

Startups can lead local solutions that strengthen community resilience

7 November 2022
Singapore-based preclinical-stage biotech startup Nuevocor develops gene therapy for the treatment of cardiac diseases. (Photo by AP)
DealStreetAsia

Singapore gene therapy startup Nuevocor snags more funding

Biotech company pulls in another $11.6m from existing investors

4 November 2022
Sydney-based Blackbird says it has backed over 100 startups. (Source photos by AP and courtesy of Blackbird) 
DealStreetAsia

Australia's Blackbird raises $640m in nation's largest VC fund

Company is key investor in graphic design platform Canva

3 November 2022
Founded in 1993, Fubon Life manages assets worth nearly $150 billion. (Source images from Fubon Life website)
DealStreetAsia

Taiwan's Fubon Life sells shares in funds of Tiger Global, 22 others

Tiger Global had invested at least $272m in Southeast Asian startups as of July

2 November 2022
Japanese venture capital firm Incubate Fund has backed ShopKirana, an app used by Indian mom-and-pop stores to replenish inventories. (Photo courtesy of ShopKirana)
Startups

Japan's venture capital shifts to India's startups for growth

South Asia's big market remains competitive despite global slowdown

2 November 2022
Ascend Vietnam Ventures says its backers across the Asia-Pacific region, Europe and North America made capital commitments to its early-stage fund. (Source photos by Getty Images and AVV website)
DealStreetAsia

Ascend Vietnam Ventures closes early-stage fund at $64m

Looking to invest in global startups emerging from Vietnam

1 November 2022
Rental residential operator Scape manages Australia’s largest student accommodation fund. (Photo from Scape Facebook page)
DealStreetAsia

Aussie student housing fund gets $645m from Canada pension

International students pouring back into Australia after border reopening

31 October 2022
Founded in 2015, Alwin Capital invests in life science companies and has secured the final close of a dual-currency fund.
DealStreetAsia

China medical investor Alwin Capital closes fund at $300m

Firm specializes in life science investments such as medical robots, equipment

28 October 2022
Caring Pharmacy operated 120 stores in East Malaysia and one store in West Malaysia as of 2019, according to its website. (Source photo from Caring Pharmacy website)
DealStreetAsia

Carlyle in advanced talks to invest in Malaysian drugstore chain

Caring Pharmacy is majority-owned by 7-Eleven Malaysia

27 October 2022
Cheplapharm says it will use its latest funding to fuel growth.
DealStreetAsia

Singapore's GIC invests in German pharma company Cheplapharm

Sovereign wealth fund and Atlantic Park investing nearly $550m

26 October 2022
Nextrans started investing in Vietnam in 2015 and is now one of the most active foreign venture capital firms in the country. (Source image from Nextrans Facebook)
DealStreetAsia

South Korea's Nextrans to launch $50m Vietnam-focused fund

Company looking to invest in high-growth tech startups

25 October 2022
Japan sees the new Silicon Valley office helping to connect foreign companies with Japanese startups. (Photo by Shinya Sawai)
Startups

Japan plans Silicon Valley support center for startups

Office aims to connect Japanese businesses looking abroad to talent and investors

25 October 2022
Fazz CEO Hendra Kwik sees "a huge funding gap" separating the needs of small and midsized businesses and what banks can provide. (Photo by Nana Shibata)
Interview

Indonesia's Fazz looks to triple users on digital pay platform

CEO Hendra Kwik says limited access to capital hinders business growth

24 October 2022
A GrabKitchen site in Singapore. (Photo by Kentaro Iwamoto)
DealStreetAsia

Grab to close cloud kitchen services in Indonesia

Company says 'tough step' will help ensure 'continuity' of its other businesses

24 October 2022
Cariuma offers direct-to-consumer sneakers made from natural materials. (Source photo from Cariuma Facebook page)
DealStreetAsia

Singapore-based sneaker brand Cariuma steps up funding

Direct-to-consumer shoe retailer raises about $16.5m

21 October 2022
Gaw Capital is making its first-ever investment in clean energy. (Source images from Maoneng and Gaw Capital websites)
DealStreetAsia

Hong Kong's Gaw Capital targets Australian renewable energy

Private equity investor teams up with energy storage company Maoneng Group

20 October 2022
China's Hithium aims to reach 100 gigawatt-hours of annual production capacity by 2024, up from an estimated 45 GWh now. (Source image from Hithium website)
DealStreetAsia

Chinese battery startup Hithium raises $278m to boost output

Company offers products for utility, commercial and residential users

19 October 2022