GOJEK-backed Bangladeshi ride-hailing app Pathao seeks up to $50m in Series B round


The startup raised over $10 million in its pre-Series B round from Indonesian unicorn GOJEK and others in April 2018 at a valuation of $100 million. 

Turkish owner of Godiva accelerates asset sales to support restructuring

The Istanbul-based food producer plans to seek partners in units including Godiva’s business in Japan and some other Asian markets, while exiting non-core assets such as its mining and brick business.

Tel Aviv Stock Exchange expects to sell one-third shares via IPO

The exchange aims to become competitive, cheaper and more efficient after around 200 de-listings over the past decade and a slump in trading volumes.

Pakistan’s online retailer Yayvo seeks investors to take on Alibaba

Yayvo, Pakistan’s second-largest online retailer, is planning to bring in new investors amid competition from Alibaba Group Holding Ltd.

Australia’s Anacacia Capital exits height safety provider RISsafety

The PE firm has sold its entire majority stake in RISsafety to domestic investor Bricktop Group as part of a secondary management buyout.

Baring Vostok founder Calvey detained by Russian court for two months

Calvey and three other Baring Vostok employees are being detained in a case revolving around Russian retail lender Vostochny Express Bank.

Japan’s SoftBank backs Mubadala’s new $400m European tech fund

Mubadala, a big investor in SoftBank’s Vision Fund, will invest between $5 million and $30 million in European startups.

Uber revenue growth slowdown, losses cast shadow on upcoming IPO plans

Like many unicorns, San Francisco-based Uber is emphasizing growth over profits.

Australian fintech startup OpenSparkz raises $1m in seed funding

The latest round was led by Louise Daley, the Singapore-based deputy chief of Accor Hotels Asia Pacific.

Amazon leads $700m funding round for electric truck maker Rivian

As its e-commerce business and Prime fast-delivery service have grown, Amazon has sought out ways to boost its own delivery capacity and reduce reliance on shipping partners.