Asia

Hong Kong’s Dash Living acquires Japan’s flexible accommodation firm IntheHood Hospitality

Dash Living, a Hong Kong-based serviced co-living community, announced Tuesday that it has expanded its presence in Japan through the acquisition of Tokyo-based IntheHood Hospitality via a share-swap based merger and acquisition (M&A) agreement.

Indian EdTech firm upGrad acquires Harappa Education for $38M

UpGrad, an India-based integrated higher EdTech firm has announced a merger with Harappa Education at a value of $38 million, to establish leadership in enterprise learning in India. Harappa will clock about $10 million in revenue this year.

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Singapore skyline SGX SPAC

Singapore Exchange and New York Stock Exchange announce collaboration including companies dual listing

The New York Stock Exchange (NYSE) and Singapore Exchange (SGX) announced Thursday the signing of a new agreement to collaborate on the dual listing of companies on both exchanges and work together in a number of other key areas focused on the capital markets. This collaboration represents an important initiative for both markets.

Singaporean multi-currency stablecoin protocol Bluejay Finance bags $2.9M funding

Bluejay Finance, a capital-efficient decentralized stablecoin protocol for issuing stablecoins pegged to real-world currencies, said Wednesday it has raised $2.9 million funding from Zee Prime Capital, C2 Ventures, Stake Capital Group, RNR Capital, Daedalus Angels, Moonlanding Ventures, Oval Ventures, and more, with operator-angels including DeFi projects…

New World Development, Shell & Sime Darby Motors commit $6.37M to New World Green Transport Alliance

New World Development Company Limited (NWD) announced Thursday that the group has initiated the New World Green Transport Alliance (NWGTA) and signed a memorandum of understanding (MOU) with Shell Hong Kong Limited (Shell) and Sime Darby Motors Group, who joined hands to commit HK$50 million ($6.37 million) to the alliance over a three-to-five-year period.

Tablevibe partners DoorDash to offer restaurants commission-free online ordering

Y Combinator-backed startup Tablevibe partners with Foodpanda, DoorDash, and other delivery platforms to offer a commission-free online ordering system to over one million restaurants in Southeast Asia, Australia, and North America. The Singapore-based venture is the world’s first business to tie up with leading delivery platforms across these regions.

Brinc partners DayDayCook to invest $10M in food technology companies

Brinc, a Hong Kong-based venture accelerator with a global sustainability mandate, and DayDayCook, a Hong Kong-based content-to-commerce culinary platform, announced Thursday a commitment of $10 million to invest in food technology companies that are developing the sustainable, animal-free, global food ecosystem and scaling commercialization in Greater…

Samsung SDI invests $1.3B in cylindrical battery lines in Malaysia

Samsung SDI announced Thursday it will invest 1.7 trillion won ($1.3 billion) in cylindrical battery lines in Malaysia to accelerates challenge to be global top tier company by 2030. Its decision to construct the second factory in Malaysia comes as a strategy to meet the rising demand for cylindrical batteries recently.

India’s Shaka Harry raises $2M seed funding led by Better Bite Ventures, Blue Horizon and Panthera Peak

Indian plant based meat company Shaka Harry said Wednesday it has received a total investment of $2 million in seed funding round led by Better Bite Ventures, Blue Horizon and venture debt fund Panthera Peak. Other investors include; Dexler Holdings, Chef Manu Chandra and a group of domestic family offices and angel investors.