DealStreetAsia

Fried fillets made from Avant's lab-grown fish. The company is looking to expand its business.
22 June 2022
Indian social commerce startup CityMall laid off around 191 employees last week, while education tech company Unacademy has asked 150 more staff to leave after firing 800 in April. (Source images from City Mall Facebook page and Unacademy Facebook page)
DealStreetAsia

Indian startups CityMall, Unacademy slash hundreds of jobs

Tech companies face mounting pressure to cut costs amid volatile markets

21 June 2022
Indonesia's Haus! specializes in the made-to-order affordable cold drink, popular among millennials and the younger generation.(Source images from Haus! Facebook page)
DealStreetAsia

Indonesian beverage chain Haus raises Series B1 funding

Startup to expand user base of newly launched app with fresh money

20 June 2022
Biocon Biologics offers treatment for chronic and acute diseases, including diabetes, oncology, nephrology and cancer.
DealStreetAsia

India's Biocon Biologics in funding talks with Baring PE Asia

Country's largest biopharmaceutical eyes valuation of over $100m

17 June 2022
Goldman Sachs' private investment arm, venture capital company GGV Capital, led the funding round by MegaRobo Technologies.
DealStreetAsia

Goldman backs China's MegaRobo in $300m funding round

Beijing-based robotics company to strengthen R&D for automation

16 June 2022
Sources say that Shopee has stopped hiring as the company continues to lose money.
DealStreetAsia

Sea's e-commerce arm Shopee to cut staff across Southeast Asia

Startup faces headwinds as rising inflation weakens consumption

14 June 2022
Soulgate allows users to create new identities as they share, explore and connect with others. It earns revenue from premium memberships, virtual gifts and voice chats. (Screenshot from Soul App webpage)
DealStreetAsia

Tencent-backed Soulgate withdraws $185m U.S. IPO

Provider of mobile social network app in China offers no reason for move

13 June 2022
India's online beauty products retailer Purplle claims to have 7 million monthly active users, more than 1000 brands and 60,000 products on its platform. (Photo by Ken Kobayashi)
DealStreetAsia

India beauty products retailer Purplle reaches unicorn heights

Goldman backed startup raises $33m aiming to grow e-commerce platform

10 June 2022
Over the years, iPrice expanded the business from its website to offer a full-suite, white-label marketplace solution for super-apps, including pay-later services. (Photo courtesy of iPrice Group)
DealStreetAsia

Malaysia's e-commerce startup iPrice Group lays off 20% of staff

Company claims to become 'hyperfocused on core product'

9 June 2022
There were 12.4 million cryptocurrency investors in Indonesia as of February 2022, according to the Indonesian Commodity Futures Trading Regulatory Agency.
DealStreetAsia

Indonesian crypto trading platform Pintu raises $113m

Startup to roll out additional tokens and supported blockchains

8 June 2022
Temasek has committed SG$5 billion ($3.6 billion) to establish GenZero, a decarbonization investment platform focusing on technology-based solutions, nature-based solutions and carbon-ecosystem enablers.
DealStreetAsia

Singapore's Temasek commits $3.6b to new decarbonization vehicle

Investment platform GenZero looks to catalyze solutions that reduce emissions

7 June 2022
Traveloka, an Indonesian online travel company, is in talks with BlackRock and the country's sovereign wealth fund for a new funding round.
DealStreetAsia

Indonesia's Traveloka in talks to raise over $200m

Startup explores IPO in U.S. this year after SPAC merger fell through

6 June 2022
Founded in 2010, Blibli has been an online shopping pioneer in Indonesia. (Screenshot from Blibli website)
DealStreetAsia

Indonesian startup Blibli aims to raise around $500m in imminent IPO

E-commerce company looks to go public in local market over coming weeks

3 June 2022
Vivo Capital's portfolio companies include WuXi AppTec, one of Asia's largest pharmaceutical R&D platforms. (Captured images from Wuxiapptec and Vivo Capital website)
DealStreetAsia

U.S. equity firm closes yuan-fund eyeing Chinese medical sector

Vivo Capital seeks to invest in drug R&D and health care technology

1 June 2022
Fashinza connects SMEs to the cloud with their mobile-based production management and visibility software. (Image from Fashinza website)
DealStreetAsia

India's fashion supply-chain startup Fashinza raises $100m

Series B funds earmarked for global expansion to rival Udaan and Flipkart

19 May 2022
Chris Freund, Mekong Capital founder and partner (Source photo by Mekong Capital and Reuters)
17 May 2022
Malaysia’s Carsome has filed for an IPO with Nasdaq in the U.S. (Source photos by Reuters and screenshot from Carsome's website) 
DealStreetAsia

Malaysian unicorn Carsome buys auto websites WapCar, AutoFun

Used car marketplace startup accelerates acquisitions for upcoming IPO

6 May 2022
Ruqi Mobility, also known as ride-sharing platform Ontime, has secured over 1 billion yuan in a Series A round.
DealStreetAsia

Tencent-backed Ruqi raises $153m for robo-taxi service

Chinese ride-sharing startup to build fleet of over 200 self-driving vehicles

27 April 2022
Swiggy and Zomato are the two biggest players in the Indian food delivery sector. (Source photo by Reuters and Getty Images)
DealStreetAsia

India food delivery rivals Zomato, Swiggy back UrbanPiper fund

Restaurant management platform raised $24m in Series B round

19 April 2022
A Bandhan Bank in Kolkata. Bandhan Financial Holdings is focusing on financial inclusion as it seeks to make its services available to the masses,
DealStreetAsia

Bandhan-led group to buy India asset management company for $600m

GIC and others team up for one of the largest such acquisitions in the country

7 April 2022
Pine Labs' cloud-based platform enables it to offer a wide range of payment acceptance and merchant commerce solutions. (Screenshot from Pine Labs YouTube page)
DealStreetAsia

Indian merchant payment startup Pine Labs raises $50m

Company to expand global footprint while delaying IPO

31 March 2022
Goldman Sachs and Morgan Stanley are sponsors of PAG's planned IPO, according to a prospectus filed with the Hong Kong Stock Exchange.
DealStreetAsia

Asia-focused PAG files for Hong Kong IPO seen hitting $2bn

Alternative investment company seeks market cap of at least $10bn

29 March 2022
India's Netcore services over 5,000 clients in 18 countries. (Screenshot from Netcore and Unbxd websites) 
DealStreetAsia

Indian startup Netcore Cloud buys U.S. software company for $100m

Purchase of Unbxd to help IPO-bound firm expand footprint in developed markets

25 March 2022
Financing by semiconductor companies is active in China.
DealStreetAsia

China's SJ Semiconductor reaches unicorn status after raising $300m

Chip maker to expand production capacity backed by fresh funding

18 March 2022
FinAccel, a parent of Indonesian retail credit provider Kredivo, is ditching its merger with Victory Park's second SPAC. (Source image from FinAccel website)
DealStreetAsia

Indonesian fintech startup FinAccel scraps SPAC merger

Unstable market and SEC's tighter audit standards suspend listing plan

15 March 2022