Kristie Neo (DealStreetAsia) posted on 28 Jun 2021
Temasek-backed Vertex Growth Fund expects to hit the first close of its $330-million second fund by next month, according to a senior executive at the firm.
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Up until a few years ago, the idea of an Electric Vehicle (EV) future was murky with consumers doubting the viability, economics and infrastructure necessary to support the EVs market. Today, the Gaia gods are smiling and the EV stars have aligned. The modern world is racing to adopt policies aimed at lowering carbon footprint and driving EV adoption. With the global EV fleet expected to reach 230 million vehicles in 2030, Asia is gearing up to join the EV wave.
Fresh meat and seafood e-tailer Licious on Friday said it has raised $192 million in a Series F funding round, led by Singapore-based investment firm Temasek and Multiples Private Equity.
Brunei Investment Agency also participated in the round, along with existing investors 3one4 Capital, Bertelsmann India Investments, Vertex Growth Fund, and Vertex Ventures Southeast Asia and India.
Pelikin, a travel super app based in Australia, and Nium, a financial services platform headquartered in Singapore, have announced a partnership that involves issuing physical and virtual travel cards for global use in anticipation of cross-industry recovery after Covid-19.