Deals
As of August 2024, Dat Bike has raised a total of $20.5 million in funding, including debt.
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Vietnam-based Dat Bike in talks to raise at least $10m in Series B funding
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QED sharpens Asia playbook with bigger cheques, expanded footprint
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Employees mull legal action against BluSmart over unpaid salaries
4
Oman sovereign wealth fund in preliminary pact with Algeria for $300m fund
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Indonesian climate tech startup Rekosistem secures $7m funding
More Stories
Nestle India said to be in talks to invest in pet food brand Drools
Waste management firm Blue Planet raises fresh funds from BBC Ventures
JAFCO Asia deal marks Bee Alternatives’ evolution into a multi-asset investment platform
foodpanda’s Thai exit marks churn in SE Asia’s food delivery market
SG edtech startup Manabie raises $23m Series B funding led by JIC Venture
Venture Capital
Krenovator’s seed funding round was led by venture capital investor Ignite Asia.
Analysis
The week saw a slew of Southeast Asian tech giants report their Q1 earnings.
Also read about funding trends of agritech startups.
US accounted for only 4% of VinFast’s total deliveries in 2024.
Long Chau is the only profitable national pharmacy chain in Vietnam.
IPOs & Markets
It is targeting achieving net revenue of up to 85.5 trillion dong this year.
The potential for AI-driven innovation is also immense in emerging markets like Vietnam.
After scaling down its US ambitions in July 2024, VinFast doubled down on Asia markets.
The deal is AnyMind’s 11th acquisition globally.
