Technology company FPL Technologies completed $10 million in financing. According to ET Tech, Indian financial technology company FPL Technologies recently received US$10 million in Series A investment. The lead investors are Jingwei Venture Capital and Sequoia India. The co-investor is Hummingbirds Ventures. FPL’s main business is electronic credit cards and is currently preparing to cooperate with IDFC Bank of India to promote this business nationwide.
Indian short video platform Trell received US$11 million in investment. According to ET Tech, India’s local short video platform Trell has recently received US$11 million in investment. Investors include KTB Network, Samsung, and Sequoia India. Trell was founded in 2017 and currently lives at around 25 million people per month. Local short video companies in India have recently received investor attention. One of Trell’s main rivals, Mitron, has also recently received an unknown number of new rounds of investment.
LightSpeed Ventures completed a new round of fundraising. According to ET Tech, the Indian venture capital institutions that have invested in OYO and education platforms earlier Byju’s have recently completed The third round of fundraising for India’s special funds. LightSpeed has raised a total of US$275 million this time, and this fund will give priority to investing in seed-round start-ups.
Southeast Asia
Indonesian venture capital firm MDI Ventures completed a US$500 million special fund raising. According to KrASIA, Indonesia Telecom’s venture capital firm MDI Ventures recently announced that it has completed the fundraising of a US$500 million special fund. According to reports, this fund will be used to help Indonesian state-owned enterprises achieve digital transformation. In recent years, Indonesia has been vigorously promoting the digital transformation of state-owned enterprises.
Hyundai plans to set up a new energy vehicle plant in Singapore. According to KrASIA reports, Hyundai Motor plans to invest US$3.1 billion to build a new energy vehicle plant in the UK and Singapore. Among them, the Singapore plant is scheduled to start production in 2022, which is also the first local car manufacturing plant in Singapore.