And, Huawei Technologies will set up a cloud and AI business group in South Korea this year; Kurly, a Korean online grocery delivery startup, has completed a $ 150 million Series E financing.
India
Ali leads the Indian grocery e-commerce BigBasket with USD 60 million in financing. According to DealStreetAsia, the investors in this round of financing include South Korean investment company Mirae Asset and British development financial institution CDC Group. It is reported that BigBasket became a unicorn after completing the US $ 150 million financing led by Mirae Asset-Naver Asia Growth Fund, Alibaba and CDC Group in May last year.
FarEye, an Indian logistics management startup, completed a $ 24 million Series D financing. According to Inc42, the new funds will be used to increase business resources and expand business scope. Founded in 2013, FarEye is a logistics service company that provides end-to-end services designed to solve last-mile delivery, warehousing, freight, and supply chain optimization issues.
Ola began to provide taxi services to hospital patients. According to ET tech, Ola has launched a new service that allows customers to book taxis to and from the hospital during the Indian blockade. The service has been launched in Bangalore and will be extended to other major cities in the country. Ola has provided cars equipped with masks, disinfectants and specially trained drivers to ensure the safety of passengers.
Southeast Asia
Indonesian P2P company Investree raised $ 23.5 million in Series C financing led by BUF Ventures and MUFG subsidiaries. According to DealStreetAsia, China ’s 9F Fintech Holdings Group and Japan ’s SBI Holdings also participated in this round of financing. The funds will be used to accelerate the expansion of its operations in Indonesia, Thailand and the Philippines to support SMEs in the region and strengthen their operational capabilities.
Webtrace, an Indonesian online freight company, has completed a seed round of financing. According to e27, this round of financing was led by venture capital firm Prasetia Dwidharma, with Astra Ventura participating. The company said it will use the financing to strengthen its marketing and customer acquisition strategies and further expand the number of sales staff.
East Ventures led the seed funding round of Indonesian accounting application BukuWarung. According to Dealstreetasia, the participants in this round of financing include AC Ventures, Golden Gate Ventures, Tanglin Venture Partners and Indonesian billionaire Michael Sampoerna. The company will use the funds to strengthen its market leadership and expand its team to develop in the areas of engineering, products, design, growth and partnerships.
Latin America
Softbank will invest US $ 48 million in Brazilian online retailer Petlove . According to DealStreetAsia, Softbank Group said in a statement on Tuesday that the group has reached an agreement with online pet product retailer Petlove to invest $ 48 million in the latter. The investment will come from SoftBank’s Latin American fund.
Brazilian advertising company OLX Brasil acquired Brazilian real estate company Grupo ZAP for $ 640 million. According to DealStreetAsia, the acquisition consolidated OLX, a classified advertising company, in the local real estate market. This transaction will enable OLX to provide customers with more than 12 million copies of information from 40,000 institutions and individuals.
Middle East
Tim Hortons Gulf, a coffee and breakfast chain in the Gulf region, received $ 50 million in financing. According to DealStreetAsia, Dubai private equity firm Gateway Partners made this investment and acquired a 40% stake in Tim Hortons Gulf. The chain already has 141 stores in the Middle East.
Africa
West African mining company Endeavor acquired Canadian mining company Semafo for $ 690 million. According to Ventures Africa, Endeavor CEO Sebastien de Montessus stated that the combined group will pool six mines and produce more than 1 million ounces of gold annually, making it larger than West Africa ’s Newmont Goldcorp, Barrick and Goldfields mining the company.
South African fleet management startup Payment 24 Obtain standard bank investment. According to Disrupt Africa, Standard Bank acquired 40% of the company ’s shares through this investment. Payment 24 mainly serves companies with large fleets of vehicles, and has adopted its fuel management application extensively through partnerships with major gas stations.
Other
Korly, a Korean online grocery delivery startup, completed a $ 150 million Series E financing. According to DealStreetAsia, this round of financing includes Sequoia Capital, Hillhouse Capital and Digital Sky Technologies. Kurly, launched in May 2015, aims to become Amazon in the field of online grocery delivery. It was the first company to introduce a “full cold chain” system to Korean users, a temperature-controlled supply chain for fresh food distribution.
Huawei Technology will set up a cloud and AI business group in South Korea this year. According to South Korean media The Elec, Huawei Technologies will set up a cloud and AI business group in South Korea this year, hoping to enter the GPU server market currently dominated by Nvidia.
WeWork sued Softbank for giving up a $ 3 billion offer. According to ET Tech, this acquisition offer is part of SoftBank ’s $ 9.6 billion bailout financing agreement reached with WeWork last October, which gave SoftBank control of WeWork. Since then, the occupancy rate of this office space-sharing startup has dropped significantly because customers in large cities stay at home to prevent the spread of the virus.
Nintendo Switch suspends shipments in Japan, the main reason is the supply chain interruption. According to the “Japan Economic News” report, due to the expansion of the new coronavirus epidemic, the production of Nintendo Switch of Nintendo’s game consoles has lagged, and the product supply is in short supply. The shipping time has not yet been determined. The National Bank version of the Tencent agent in China can still be shipped normally.
Text | Luo Linqi @ 出海
Picture | Pexels
