SG-based CMIG’s arm Sirius to be listed on Nasdaq upon merger with Easterly

Sirius International Insurance Group , Ltd., a subsidiary of Singapore’s CMIG International, has said that it will merge with special purpose acquisition company Easterly Acquisition Corp. for a proposed merger that would result in Sirius becoming a publicly listed company. According to an official statement, Easterly is set to merge with a ...

Indonesia’s Go-Jek launches local brands for Vietnam, Thailand expansion

Indonesian ride-hailing giant Go-Jek has launched two locally founded companies in Vietnam and Thailand to mark the first wave of its international expansion. According to an official release, the company’s affiliate in Vietnam will go by the name of Go-Viet, while its Thai counterpart will be named GET. Both companies will be run by local ...

Indonesia’s Go-Jek in talks to raise $1.5b in fresh funding: Report

Indonesia’s ride-hailing giant Go-Jek is in talks to raise a fresh funding round of another $1.5 billion to support its plan to expand into new markets and challenge Grab’s domination in the region following Uber’s recent exit, according to a report by The Information . The fundraising has not been finalized as Go-Jek is still in talks with ...

Uber gets 15-month license to operate in London

Uber Technologies Inc. won an 15-month probationary license to operate in London after convincing a judge and regulators that the ride-sharing service had shaken off its gung-ho attitude of the past. Judge Emma Arbuthnot criticized the company while granting the license Tuesday. The 15-month reprieve is far less than the five-year private hire ...

Flipkart merges budget brand Billion with private label business

Billion , the personal Make In India, private label project of Flipkart co-founder Sachin Bansal, has now been rolled into the overall private brands business of the online retailer. The move comes weeks after the former chief executive exited the company following a bitter tussle with the board during its acquisition talks with Walmart Inc. in ...

The journey of how Swiggy became India’s fastest unicorn

When Swiggy started out in 2014, it was seen as a late entrant to an overcrowded market. The online food ordering and delivery market was not considered attractive back then, and Zomato , the leader in food-tech, had decided not to expand its delivery business, which was seemingly messy and unviable. Yet, in less than four years, Swiggy is part of ...

New Zealand’s Rank Group mulls sale of Graham Packaging

Rank Group Ltd., the manufacturing conglomerate controlled by billionaire Graeme Hart, is considering a sale of Graham Packaging Co. after attracting interest from prospective buyers, people with knowledge of the matter said. Auckland-based Rank has drawn preliminary interest from private equity and corporate suitors, said the people, who asked ...

SG-based CMIG’s arm Sirius to be listed on Nasdaq upon merger with Easterly

Sirius International Insurance Group , Ltd., a subsidiary of Singapore’s CMIG International, has said that it will merge with special purpose acquisition company Easterly Acquisition Corp. for a proposed merger that would result in Sirius becoming a publicly listed company. According to an official statement, Easterly is set to merge with a ...

Australian video production platform Genero gets $2.9m follow-on from Ellerston Capital

Melbourne-headquartered video production marketplace Genero has closed a A$4 million ($2.9 million) follow-on investment led by Ellerston Venture Capital Fund of Ellerston Capital , an investment manager based in Australia, the company announced on June 26. The new financing will be used for team expansion and its entry into the U.S. Ellerston ...

Agtech startup Ricult raises $1.85m in 500 TukTuks-backed round

US-headquartered agriculture technology (agtech) startup Ricult has raised $1.85 million in a seed round led by Chanwanich Group, Wavemaker, 500 TukTuks and dtac, it said in an announcement dated June 20. The startup had previously raised $600,000, including a $100,000 grant from the Bill & Melinda Gates Foundation, bringing Ricult’s aggregate ...
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