Singapore’s cloud tech firm Alpha7 raises $5.2m, eyes regional expansion

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Founded in 2014, Alpha7 is looking at regional expansion mainly to Malaysia, Indonesia, and Thailand.

India Digest: Prateek raises $39m; Oyo eyes valuation of $4b; Ebix earmarks $500m for M&As

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Prateek Group has raised about $39 million from Piramal Capital and Housing Finance for its housing project in Ghaziabad.


Malaysia: Online florist Flower Chimp bags $1.5m, to expand to Singapore soon

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Investor Asia Venture Group has funded several startups in the region including Happy Fresh, iMoney, dahmakan and iprice.


Investors said to have told Uber to sell self-driving unit

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Uber’s self-driving car unit has racked up losses of $125 million to $200 million each quarter for the past 18 months.


AirAsia has raked in $1.5b from sale of non-core assets, says Tony Fernandes

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The airline recently divested its remaining 25% stake in its joint venture with travel platform Expedia Group for $60 million.


Reserve Bank of India rejects Kotak’s proposal to reduce promoter holding

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RBI has communicated to the company that PNCPS issuance doesn’t meet its promoter holding dilution requirement.


Alphabet to invest $375m in health tech insurer Oscar Health

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The investment comes months after Oscar Health raised $165 million in a funding round. Among the participants of that funding, CapitalG and Verily Life Sciences were financed by Alphabet.


Cerberus said to pursue deal for China HNA’s $3b Swissport unit

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HNA is working with advisers to explore possibilities for Swissport including the sale of a majority stake in the business


Vietnam Digest: Singapore’s PropNex inks franchise deal; State to cut stake in banks

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During 2021-2025, Vietnam will reduce state ownership from 65% to 51% and set a schedule for listing of Vietcombank, BIDV and Vietinbank.


China’s co-working major Ucommune seeks $200m in fresh funding, eyes 2019 IPO

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The co-working space operator just announced a $43-million funding round that raises its valuation to $1.8 billion.