
Deal focus: Ucar appeals to classy car bookers
China's online taxi-booking platforms have made huge strides, but the convenience they offer comes with an element of risk as well. Services like Didi Dache, Kuaidi Dache and Uber treat their drivers as contractors rather than employees, which limits the amount of vetting they can do.
This explains the move by certain industry participants into premium chauffeured car services, which address customers' safety concerns directly. The likes of Ucar, another ride-hailing app, employs its...
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Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.