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2024-12-18 12:12:41

Deals in brief: Alibaba to divest Intime, Tyme Group achieves unicorn status with Nubank-led Series D round, EQT finalizes PropertyGuru acquisition, and more
Bringing you the latest updates on funding deals and activities in the Asia Pacific. Alibaba to divest Intime as part of business restructuring Chinese e-commerce giant Alibaba Group has announced the sale of its department store unit, Intime Retail, to a consortium co-led by Youngor Fashion and Intime’s management team for RMB 7.4 billion (USD 1 billion), according to Reuters. The...

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2024-12-02 11:56:29

Deals in brief: Alibaba’s Trendyol explores USD 1 billion raise, MUFG moves to acquire WealthNavi, ten China deals, and more
Bringing you the latest updates on funding deals and activities in the Asia Pacific. Alibaba’s Trendyol tests waters for USD 1 billion funding Trendyol, Turkey’s largest e-commerce platform, is exploring a USD 1 billion funding round as it eyes expansion opportunities, according to Bloomberg. Discussions are said to remain preliminary, with the company gauging potential...

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2024-12-15 09:08:03

Deals in brief: B Capital leads Series A investment in Eureka Robotics, Cove attracts new funding, True Global Ventures backs US-based Prezent, and more
Bringing you the latest updates on funding deals and activities in the Asia Pacific. Eureka Robotics raises USD 10.5 million in Series A funding Singapore-based robotics company Eureka Robotics has raised USD 10.5 million in a Series A funding round led by B Capital, with participation from Airbus Ventures, Maruka Corporation, G K Goh Ventures, UTEC, and ATEQ. The funding will...

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2024-12-13 05:15:02

Deals in brief: Carro and CarDekho SEA secure funding, Longbridge bets on lifetime commission-free trading with over USD 100 million raised, nine China deals, and more
Bringing you the latest updates on funding deals and activities in the Asia Pacific. Carro secures investment from Woori Venture Partners Carro, Asia Pacific’s largest online used car marketplace, has secured an investment from Woori Venture Partners, the venture capital arm of Woori Financial Holdings. The exact amount remains undisclosed. Carro said the funding will support...

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2024-11-30 09:10:43

Deals in brief: Habitto raises Series A funding, OpenAI tender offer to boost SoftBank’s stake, Deutsche Bank backs Partior, and more
Bringing you the latest updates on funding deals and activities in the Asia Pacific. Habitto raises USD 11.7 million to empower Japan’s youth Habitto, a Japanese digital bank, has raised USD 11.7 million in Series A funding from QED Investors, DG Daiwa Ventures, and Scrum Ventures. Returning investor Anthemis Group and other existing shareholders also participated in the round....

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2024-11-25 05:34:53

Gobi Partners and Cross Capital join forces to boost Japanese investment in Southeast Asia
Gobi Partners, an Asia-focused venture capital firm, has announced a strategic partnership with Japan-based Cross Capital to boost cross-border innovation and enhance the flow of Japanese investments into Southeast Asia’s dynamic startup landscape. This collaboration aims to empower startups and investors with unparalleled access to resources, networks, and opportunities across the...

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2024-12-16 16:13:44

Gobi Partners announces Techxila Fund II & signs MOU with Bank of Punjab to drive economic cooperation
Gobi Partners, a pan-Asian venture capital firm, has officially announced the $50 million Techxila Fund II alongside the signing of a Memorandum of Understanding (MOU) with the Bank of Punjab (BoP). This strategic partnership aims to foster entrepreneurship and strengthen economic cooperation in Pakistan. The announcement has been made during the Pakistan Investment Conference in Shanghai,...

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2024-12-09 11:21:55

TNGlobal Tracker: Startup Funding Snapshot for November 2024
Editor’s notes: graphics, data & information provided by data platform Tracxn The Southeast Asia (SEA) Monthly Funding Tracker for November 2024 highlights a sharp decline in funding activity. Total funding amounted to $84 million across 20 rounds, marking a significant drop of 76.55 percent compared to October 2024 and a 66.18 percent decline from November 2023. Dominance of...

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2024-11-23 12:22:40

TNGlobal Tracker: startup funding snapshot for October 2024
Editor’s notes: data provided by data platform Tracxn Startup funding in Southeast Asia saw a notable uptick in October 2024, with a total of $359 million raised across 33 rounds. This represents a 194 percent increase from September 2024, although the figure remains a striking 42 percent lower than the same month last year.Dominance of Early-Stage Funding in October● The funding...

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2024-12-18 11:47:50

Tracxn: Southeast Asia’s tech funding drops 59 pct on year to $2.84B in 2024
Southeast Asia (SEA) faces a challenging year in 2024, with tech funding plunging 59 percent year on year to $2.84 billion, according to Tracxn‘s latest report. The startup data platform said in a statement on Wednesday that SEA tech marked by a significant contraction in funding in 2024, amid a weak global economy. It noted the region’s tech ecosystem experienced a steep decline...

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