Daily BriefsIndia

Daily Brief India: Nexus Select Trust, Pando, Blu-Smart Mobility Pvt , Coldspace Agrotech, Adani Ports & Special Economic Zone and more

In today’s briefing:

  • Nexus Select Trust IPO: Valuation Insights
  • India-Based Firm Hauls in $30m to Simplify Logistics
  • India’s BluSmart Banks $42m to Deploy 10,000 EVs by 2024
  • Coldspace Raises US$3.8M in Seed Round Led by Intudo Ventures
  • Morning Views Asia: Adani Ports & Special Economic Zone

Nexus Select Trust IPO: Valuation Insights

By Arun George


India-Based Firm Hauls in $30m to Simplify Logistics

By Tech in Asia

  • Reliance on ecommerce has intensified within the past few years, but the pandemic, geopolitical tensions and government restrictions have disrupted the global supply chain.

  • Over the course of a decade, companies are expected to see losses equal to nearly half of what they make in a year.

  • US- and India-based Pando is looking to solve this issue and has raised funding to help it do so.


India’s BluSmart Banks $42m to Deploy 10,000 EVs by 2024

By Tech in Asia

  • The use of electric vehicles (EVs) is on the rise in various parts of the world, including India.

  • In recent years, companies have been racing to accelerate the adoption of the electrified tech in the country.

  • BluSmart Mobility, for instance, provides a ride-hailing service with 3,500 EVs operating in Delhi and Bengaluru. The company is also developing an EV charging hub infrastructure.


Coldspace Raises US$3.8M in Seed Round Led by Intudo Ventures

By e27

  • Coldspace, an Indonesian integrated cold chain solutions provider, today announced the completion of a US$3.8 million seed funding round
  • With this funding, Coldspace plans to expand its service capacity, including greater capacity for cold storage, reefer trucks, fulfilment, and geographic expansions
  • The company offers businesses and consumers cold storage facilities and reefer trucks through its own inventory as well as a third-party aggregated marketplace of cold chain partners empowered through the company’s tech stack.

Morning Views Asia: Adani Ports & Special Economic Zone

By Charles Macgregor

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.


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