TNGlobal Staff
Indian venture capital firm Chiratae Ventures raises $122.5M for Growth Fund
Chiratae Ventures, India's largest homegrown venture capital fund, has successfully concluded the fundraising for its first Chiratae Growth Fund (CGF-I), raising INR 1001 cr ($122.5 million).
Singapore’s ABC Impact backs UK-based Polymateria’s biotransformation technology in $25M Series B funding round
Singapore-based impact private equity fund ABC Impact, together with sustainable chemical company Indorama Ventures, have led a £20 million ($24.98 million) Series B funding round in Polymateria Limited, the British company which has pioneered biotransformation technology to combat plastic pollution.
Indonesia’s Coldspace raises $3.8M seed fund led by Intudo Ventures, ASSA, Triputra Group
Coldspace, an Indonesian integrated cold chain solutions provider, has on Wednesday announced the completion of a $3.8 million seed round of fundraising. The funding was led by Intudo Ventures, ASSA, and Triputra Group.
ADB announces new program to accelerate billions in climate change financing
The Asian Development Bank (ADB) has on Tuesday announced the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), a landmark program which could significantly ramp up support for the region in the battle against climate change.
MUFG Bank partners Mitsubishi, Pavilion Private Equity to launch $1B climate tech fund
Japan's largest bank MUFG Bank has on Tuesday announced that it has established the Marunouchi Climate Tech Growth Fund L.P. with Mitsubishi Corporation and Pavilion Private Equity Co., Ltd. The fund which has $400 million at establishment, is targeting a fund size of $800 million to $1 billion.
Malaysia’s HOMA2U secures $875,000 funding from Singapore-based Quest Ventures
HOMA Sdn Bhd (HOMA2U), a Malaysian marketplace for renovation and interior design materials, announced Tuesday that it secured $875,000 in its pre-series A funding. The investment round was led by Quest Ventures Asia Fund II, an early-stage venture capital fund managed by Quest Ventures Pte Ltd, a Singapore-based venture capital firm.
TDCX: ASEAN SMEs plan to invest $130 billion in digitalization
Small and medium-sized enterprises (SMEs) in ASEAN do not plan to slow down their investment in digitalization, and plan to invest a further $130 billion for digitalization over the next three years, according to a recent white paper published by TDCX.
Bukalapak slips into the red with $68.18M net loss in 1Q
Indonesian e-commerce company PT Bukalapak.com Tbk (Bukalapak) said last Friday it has slipped into the red by recording a net loss of 1 trillion rupiah ($68.18 million) in the first quarter, as compared to a a net profit of 14.55 trillion rupiah ($991.99 million) a year ago.
BigPay announces leadership transition as Capital A commits to sustain growth in fintech business
BigPay, a Capital A venture company and fintech firm based in Malaysia, has announced the appointment of Zubin Rada Krishnan as its Acting Group Chief Executive Officer.
Total transaction value made via Alipay by Chinese tourists in Singapore almost doubled in Q1
Alipay, the digital platform for payment and other digital services owned by China-base Ant Group, has on Friday reported that the total transaction value made by Chinese tourists in Singapore via its app has almost doubled in the first quarter of 2023 compared to the previous quarter (Q4 2022).
