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Co-founders will step away from operational management roles. 

$500M Growth Fund for Early-Stage Startups Launched by DBS and Temasek for China, India, SE Asia Singapore-based DBS Bank Ltd (SGX:D05), a multinational banking and financial services corporation with over $330 billion in assets, and Temasek have entered into an agreement to introduce a $500 million growth or early-stage debt financing platform, known as EvolutionX Debt Capital. Based in Singapore, EvolutionX will be offering non-dilutive financing to early or growth-stage tech-focused firms based in Asia, with a key focus on China, India, as well as the fast-evolving Southeast Asia region...

DBS, Temasek to launch $500 mn debt financing platform Headquartered in Singapore, EvolutionX will provide non-dilutive financing to growth stage technology-enabled companies across Asia, with a focus on China, India, and Southeast Asia. DBS and Temasek today announced that they have entered into an agreement to jointly launch a $500 million growth stage debt financing platform, called EvolutionX Debt Capital. Headquartered in Singapore, EvolutionX will provide non-dilutive financing to growth stage technology-enabled companies across Asia, with a focus on China, India, and Southeast Asia. Th...

The Straits Times Temasek, DBS launch $677m debt financing platform for tech firms in Asia Called EvolutionX Debt Capital, the platform will provide non-dilutive financing to growth-stage technology-enabled companies across Asia.PHOTOS: KUA CHEE SIONG, ST FILE https://str.sg/3Ux4 They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all ...

Drone delivery startup Zipline Inc. announced today that it has raised $250 million to expand its operations in Africa and the United States. The funding follows a surge in demand for Zipline’s services in Ghana and Rwanda, where it delivers medicine and other supplies to rural hospitals and clinics. Photo: Zipline As traditional supply chains broke down during the pandemic, many healthcare providers relied on the company’s drones to fill the gaps, according to Zipline co-founder and chief executive officer  Keller Rinaudo. “Covid has significantly accelerated all of our timelines,” ...