Vai.Car, a Brazilian car rental startup, has raised $ 85 million; Siam Commercial Bank of Thailand (SCB) has established a partnership with RippleNet, a subsidiary of Ripple.
India
Blackstone Group spent $ 240 million to acquire the technology park of Indian coffee chain Coffee Day . According to DealStreetAsia, the US PE giant Blackstone Group Ltd acquired the Global Village Technology Park, a subsidiary of the Coffee Day Group, on Friday. The funds will be used to repay the debt of the late founder V.G. Siddhartha and his company.
VC Unicorn India Ventures has completed the first round of financing of a second fund of US $ 12 million. According to DealStreetAsia, VC Unicorn India Ventures announced today that it has completed the first round of funding of US $ 12 million (Rs 900 million) for the second fund. The fund was launched in July last year and aims to raise a total of Rs 4 crore (approximately $ 50 million) to invest in B2B technology startups in Series A and pre-A rounds, including SaaS, FinTech, and Health Technology , Robotics, gaming, and digital content. At the same time, the VC also announced its first investment in Indian cancer detection medical technology company SaScan Meditech.
ICICI Bank of India announced the launch of its electronic banking service on WhatsApp. According to ET, ICICI Bank announced that its savings account customers can use e-banking services on WhatsApp, including the ability to view savings account balances, recent transactions, credit card limits, and freeze bank cards.
PhonePe, a subsidiary of e-commerce giant Wal-Mart, launched an outbreak pledging campaign. According to Your Story, Wal-Mart’s digital payment company PhonePe recently launched a pledging campaign for outbreak solutions, which will contribute up to 1 billion rupees (about 13 million US dollars) to the PM CARES fund. PhonePe founder Sameer Nigam said PhonePe’s pledge was designed to alleviate the impact of the epidemic on India.
Southeast Asia
Indonesian e-commerce unicorn Tokopedia investment”Last mile” courier company SiCopat. According to Deal Street Asia, Tokopedia’s strategic investment in Indonesian courier company SiCopat will increase its logistics and distribution capabilities.
The Prime Minister of Malaysia announced a $ 58 billion economic stimulus plan. According to e27, Malaysian Prime Minister Muhyiddin Yassin announced a US $ 58 billion economic stimulus plan to alleviate individuals and businesses affected by the epidemic, especially small and medium-sized enterprises (SMEs). The Ministry of Communications and Multimedia Malaysia (KKMM) and Malaysia Digital Economy Corporation (MDEC) also stated that they will invest an additional US $ 92 million to increase Internet coverage and help the development of the digital economy.
Siam Commercial Bank of Thailand (SCB) has established a partnership with RippleNet, a subsidiary of Ripple. According to e27, Thailand ’s Siam Commercial Bank (SCB) has established a partnership with RippleNet, an enterprise digital payment platform owned by US remittance technology company Ripple, enabling its customers to conduct instant low-cost cross-over from their mobile devices Payment. The bank also said that it is developing a QR code-based application that enables tourists to pay instantly by scanning the code without having to transfer money or carry cash.
Singapore-based medical technology company Biolidics announces acquisition of Biomedics, an oncology laboratory. According to e27, Singapore-based medical technology company Biolidics announced the acquisition of Biomedics Laboratory by a subsidiary of Clearbridge Health for $ 2.6 million. The laboratory focuses on oncology and cancer-related genetic testing, can detect circulating tumor cells (CTC) and has a patented technology that will help Biomedics’ future development in the CTC direction.
Latin America
Vai.Car, a Brazilian car rental startup, raised $ 85 million. According to LatamList, the financing was led by XPInvestimentos. Vai.Car allows users to rent a car for a fixed period of time through an online application. The company plans to use the financing to increase its fleet to 25,000 vehicles over the next 18 months.
Endeavor Chile launches new accelerator program. According to LatamListReportedly, Endeavor Chile, a government organization dedicated to promoting entrepreneurship in Chile, recently announced a new accelerator program, Endeavor Scale Fintech. The program is specifically designed to support the development of local fintech and promote cooperation between Chilean startups and financial companies.
The Brazilian fintech unicorn EBANX launches an outbreak relief sales platform. According to LABS, EBANX is launching a sales platform in Brazil that can provide a source of revenue for companies whose businesses have been shut down or affected by the epidemic. With EBANX Beep, Brazilian businesses and self-employed businesses can maintain their operations and estimate revenue by selling vouchers for their products and services.
Middle East
Pakistan Dawaai has raised millions of dollars in investment for its online medical platform. According to MENAbytes, Dawaai has raised this investment from the country’s leading VC Sarmayacar, Kingsway Capital in London and Mentors Fund in San Francisco. Among them, Sarmayacar is the largest investor.
Africa
Renmoney, a digital money lending company, has laid off more than 300 people. According to Techpoint, Renmoney MFB Limited has recently laid off workers massively, blaming the company for the need to adopt new technology for loans and other services.
Others
OneBank, a SoftBank-invested satellite company, filed for bankruptcy. According to DealStreetAsia, OneWeb has sought to protect the court’s creditors due to cash tightening due to high costs and fierce competition. OneWeb manufactures low-orbit satellites that provide high-speed communications. Since its inception, it has raised about $ 3.3 billion in debt and equity financing from shareholders including SoftBank, Airbus and Qualcomm.
Report: Samsung showed or shut down the LCD production line in advance. CINNO Research, a market research agency, recently released a report that due to the new crown pneumonia epidemic, SDC (Samsung Display) is accelerating the process of shutting down LCD production capacity and converting OLED. Three local large-size LCD panel makers, andSuzhou 8.5 generation line. In 2019, SDC’s large-scale LCD production capacity of more than 7 generations in South Korea accounts for about 12.2% of the world’s total, plus the 8.5 generation line in Suzhou, the proportion increased to 15.7%. (China Securities Journal)
文 | Zehui @ 出海 ， 罗林淇 @ 出海
Picture | Visual China
