In today’s briefing:
- Initial Thoughts on the SK Ecoplant IPO – Impact on SK Inc
- Freakins Raises $4m Seed Round to Grow Denim Brand
- NodeFlair Gets US$2M in Series A Funding to Further Expand, Accelerate Product Development
Initial Thoughts on the SK Ecoplant IPO – Impact on SK Inc
- SK Ecoplant is getting ready to complete its IPO sometime in late 2023/1H 2024.
- Local media have mentioned that SK Ecoplant’s market cap could range from 5 trillion won to 10 trillion won.
- At the end of 2022, SK Inc’s 44.5% stake in SK Ecoplant had a book value of 545 billion won, which is much less the market value of SK Ecoplant.
Freakins Raises $4m Seed Round to Grow Denim Brand
- India-based fashion brand Freakins has bagged US$4 million in its seed round led by Matrix Partners India and Blume Ventures.
- Founded in 2021 by Shaan Shah and Puneet Sehgal, Freakins is a direct-to-consumer clothing brand that specializes in denim.
- The Gen Z-focused firm has built up a catalog of over 1,500 styles, which it says caters to different body types.
NodeFlair Gets US$2M in Series A Funding to Further Expand, Accelerate Product Development
- NodeFlair, a Singapore-based career advancement platform for tech talents, announced today that it has raised US$2 million Series A funding.
- The funding round was led by Iterative with participation from 500 Global and PERSOL VENTURE PARTNERS, the corporate venture capital arm of HR management group PERSOL.
- Prominent angel investors Quek Siu Rui (CEO & Co-founder of Carousell), JJ Chai (CEO & Co-founder of Rainforest), and Siew Kum Hong (Former COO of AirBnB China) also participated in the funding round.
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