Category: Asia-Pacific

myfisensemyfisenseMarch 5, 2021

SiCepat, an end-to-end logistics startup in Indonesia, announced it has raised a $170 million Series B funding round. Founded in 2014 to provide last-mile deliveries for small merchants, the company has since expanded to serve large e-commerce platforms, too. Its services now also cover warehousing and fulfillment, middle-mile logistics and online distribution. Investors in SiCepat’s […]

myfisensemyfisenseMarch 2, 2021

A startup Apna by Apple alum that has become home to millions of low-skilled workers in India said it has raised an additional $12.5 million, just five months after securing $8 million from high-profile investors. One-year-old Apna said Sequoia Capital India and Greenoaks Capital led the $12.5 million investment in the startup. Existing investors Lightspeed India and Rocketship […]

myfisensemyfisenseMarch 1, 2021

Malaysia’s Employees Provident Fund (EPF) has launched the world’s first and largest syariah private equity direct or co-investment separate managed account fund, with an allocation of $600 million, it disclosed. The pension fund said in a statement the fund will have three separate managed accounts of $200 million each to be managed by BlackRock, HarbourVest […]

myfisensemyfisenseFebruary 25, 2021

India’s largest renewable energy firm ReNew Power disclosed it would go public through an $8 billion merger with a blank-check firm in the biggest deal in the fast-growing clean energy sector in the country. The deal will be financed with cash proceeds of $1.2 billion, including $855 million in investments from serial blank-check dealmaker Chamath […]

myfisensemyfisenseFebruary 22, 2021

Zhou Yuxiang doesn’t have the typical profile for working in China’s manufacturing world. A soft-spoken yet incisive person in his early thirties, Zhou graduated from Dartmouth College with a degree in government and went on to work in investment banking in Hong Kong, following the path of many Chinese overseas returnees. But a few years […]

myfisensemyfisenseFebruary 18, 2021

As per the report of Financial Times, the stock trading volumes in Hong Kong have soared to four times that of the London Stock Exchange. This is because large Tech stocks have attracted a huge appetite from external investors for the “Nasdaq of Asia”. With $50 bn inflows from mainland China, the Asian city turnover […]

myfisensemyfisenseFebruary 17, 2021

Zolve, a neobanking platform for individuals moving from India to the U.S. (or the other way around) has closed a $15 million funding round. The startup works with banks in the U.S. and India to provide consumers access to financial products seamlessly without paying any premium or coughing up any security deposit. Raghunandan said the […]

myfisensemyfisenseFebruary 16, 2021

According to Reuters “The U.S. dollar held near two-week lows on Monday, as optimism about COVID-19 vaccine rollouts and a planned $1.9 trillion U.S. stimulus package offered a boost to riskier currencies, stock markets and commodity prices”. Among the weaker dollar and the gainers, we find that the British pound broke $1.39 for the first […]

myfisensemyfisenseFebruary 16, 2021

The US markets were closed on Monday 15th Feb 2021, for Presidents Day. Last week the S&P500 and Nasdaq reached high records again. The Asian markets hit record highs overnight as the coronavirus vaccines rollout continues to increase hopes of a rapid economic recovery. As per Yahoo Finance, it was also fuelled by new fiscal […]

myfisensemyfisenseFebruary 15, 2021

The CGIA Institute, a global body of Finance and Investment Professionals has today, February 15, 2021 announced the introduction of new scholarship schemes for its global members. For the first time in the history of the Institute, it’s introducing four different scholarship schemes available and accessible to all its members globally. According to the Institute, […]

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