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Privy accelerates digital transformation with $41m KKR-led Series C funding

AsiaTechDaily

Register Committed to accelerate the digital transformation of the world’s fourth largest population, Privy has partnered with KKR , a leading global investment firm. Other participants are existing investors MDI Ventures , GGV Capital and Telkomsel Mitra Inovasi, and new investors including Singtel Innov8. Username or Email Address.

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Swedish company Northvolt raises $2.75B to accelerate European battery production

TechCrunch

billion in capital as it prepares to ramp up to an annual production capacity of 150 GWh in Europe by 2030. Northvolt’s overarching plan is to ramp up to at least 150 GWh of annual battery production across Europe by 2030. Swedish battery developer and manufacturer Northvolt AB has raised $2.75

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Cloud kitchen startup CloudEats raises more capital to ramp up Southeast Asian expansion 

TechCrunch

A Manila-headquartered startup called CloudEats , which operates cloud kitchens across the Philippines and Vietnam, just raised a $7 million Series A extension led by Nordstar to accelerate the digitization of food service in Southeast Asia. . billion by 2030 , up from $15.2 The cloud kitchen market in Asia is projected to grow at 14.2%

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Ghost Financial whips up new capital into finance tools for ghost kitchens

TechCrunch

Meyer cited research showing that by 2030, ghost kitchens will be a $1 trillion industry. For example: Melon Kitchens is an Indianapolis-based delivery-only restaurant accelerator for Black chefs that includes a three-month program to guide emerging food entrepreneurs from idea to test kitchen to revenue generation.

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Singapore’s InterContinental Energy Attracts $115M Funding from GIC and Hy24

AsiaTechDaily

This infusion of capital is projected to accelerate further the company’s efforts to expand the production and adoption of green hydrogen, a key player in the global transition towards cleaner and more sustainable energy sources.

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Superbank and Genesis Join Forces to Inject $40 Million into Indonesian Startups

AsiaTechDaily

Through a joint announcement, the entities unveiled their intention to combine conventional bank credit with venture capital investment, all while ensuring minimal equity dilution for shareholders. This initiative will primarily focus on startups in the series B and series C funding stages.

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Indonesian Government-Backed Merah Putih Fund Raises $300 Million for Soonicorn Startups

AsiaTechDaily

Register The Merah Putih Fund , an Indonesian government-backed venture capital firm, has successfully secured $300 million in the first phase of its inaugural fund. The initiative brings together five state-owned venture capital companies, each with a corporate focus.

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