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EV Growth closes USD 250 million fund with Temasek’s backing
The industry-agnostic fund focuses on providing growth capital to startups in Indonesia and the rest of Southeast Asia.
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Indian agritech firms continue to charm global investors.
Founders of the car servicing company peg the automotive aftermarket at USD 8 to 10 billion.
Grab will have a 60 percent stake in the consortium entity while Singtel will hold 40 percent.
Early-stage (Angel/Pre-Series A) investors committed USD 97.1 million in 2019, more than twice of USD 46.8 million in 2018.
Didi aims to rebuild its corporate image and ease the tension between the company and the public via an entertainment show after a series of missteps.
Alibaba is trying to gain more control over the smart vehicle operating system.
The Chinese internet giant had picked up a stake in Xpressbees with USD 35 million Series D investment in December 2017.
Tencent and ByteDance are also important players in this field.