News

Japan’s Arches raises $2.6M additional funding for expansion

Arches Corporation, a Japan-based provider of knowledge-sharing services, announced last Friday that it has raised an additional 410 million yen ($2.6 million) in funding. The funding comes from KUSABI, VISIONAL Corporation, SMBC Venture Capital, Grove Advisors Ventures, and seven angel investors from Japan and abroad, bringing the total funds raised to 640…

Dubai travel tech firm RateHawk opens first Asian headquarter in Singapore

RateHawk, a travel tech platform developed by the Dubai-based company Emerging Travel Group., has established its first Asian headquarters in Singapore.

Carro oppens first Asia Pacific 4S Center in Seremban of Malaysia

Singapore-based used car online platform Carro has opened its first 4S Center in Asia-Pacific in Seremban of Malaysia, as part of its commitment to redefine used cars with technology and expertise.

IFC to invest $105M in Brookfield’s Bikaner solar power project

International Finance Corporation (IFC) has committed to part finance a 550 megawatt peak (MWp) solar power project in Bikaner, Rajasthan being developed by Brookfield Asset Management with $105 million through long-term non-convertible debentures.

Temasek inks deal to divest Pavilion Energy to Shell

Carne Investments Pte. Ltd., an indirect wholly-owned subsidiary of Temasek, has reached an agreement to divest 100 percent of its shares in Pavilion Energy Pte. Ltd. to Shell Eastern Trading Pte. Ltd., a subsidiary of Shell plc.

IFC offers $100M debt financing package to EPIC to support sustainable textile manufacturing in Bangladesh and India

To support sustainable textile manufacturing and improve the sector's resource efficiency in Bangladesh and India, International Finance Corporation (IFC) has on Monday announced a partnership with EPIC Group, a leading player in the global apparel industry, to help finance its green capital expenditure program and create higher-skilled jobs.

Fintech entrepreneurs launch foreign exchange risk management firm Instantia with VNG backing

Industry veterans Richard Poulton and Danny Pezeshki have joined forces with Vietnamese tech titan VNG to launch foreign exchange (FX) risk management firm Instantia that based in Australia.

India’s VentureSoul Capital to raise up to $36M for its maiden debt fund

VentureSoul Capital, an India-based investment firm, is looking to raise up to INR 600 crores ($35 million) for its maiden debt fund to invest in domestic startups. The tech focused structured debt fund has received support from marquee Anchor - Micro Labs ltd, a healthcare major.

Temasek invests up to $198M in Australian financial services firm Betashares

Betashares, an Australian financial services company, has on Monday announced it has entered into a binding agreement with Temasek, a global investment company headquartered in Singapore, for Temasek to invest up to AUD 300 million ($198M) in Betashares.

Canada, ADB launch $255M new fund to support private sector climate action and nature-based solutions in Asia Pacific

The government of Canada and the Asian Development Bank (ADB) have announced a partnership to create a new CAD 360 million ($255 million) trust fund. The Canadian Climate and Nature Fund for Private Sector in Asia (CANPA) will support private-sector projects in Asia and the Pacific focused on climate and nature-based solutions while accelerating gender…