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Lenskart has transitioned to a public limited company as of May 30, 2025, in preparation for a $10 billion IPO. Founded by Peyush Bansal, Amit Chaudhury, and Sumeet Kapahi, the eyewear company is expanding globally, with significant growth in the eyewear market projected.India's IPO market is thriving, with a notable increase in deals and proceeds, creating a favorable environment for Lenskart's public offering. The company has also shown financial discipline, reducing losses significantly in FY2024, indicating readiness for market scrutiny.
Yageo plans to implement strict controls to safeguard technology if its acquisition of Japan's Shibaura Electronics succeeds, addressing national security concerns. The Taiwanese firm, which specializes in chip resistors, is in a bidding war with Minebea Mitsumi, having raised its offer to 6,200 yen per share. Yageo aims to enhance its product portfolio and expand Shibaura's market access while ensuring compliance with Japan's Ministry of Economy, Trade and Industry.
In June 2025, funding activity in Asia remains robust despite challenging macroeconomic conditions, with notable deals including India’s Udaan raising $114 million and China’s D-Robotics securing $100 million. A total of 58 deals worth over $575 million were reported recently, highlighting ongoing investor interest in the region's startups. Additionally, a new platform, Glasswall, aims to enhance transparency in fundraising by allowing founders to share feedback on investors.
Japan’s Metaplanet is set to raise $5.4 billion to enhance its Bitcoin holdings. This significant financial move underscores the company's commitment to expanding its presence in the cryptocurrency market.
Japan’s Metaplanet plans to raise $5.4 billion through an equity issuance to expand its bitcoin holdings, targeting 210,000 BTC by 2027. Currently holding 8,888 BTC, the firm aims to become a significant player in the corporate bitcoin treasury landscape, adapting strategies to Japan's regulatory environment. With shares up 258% year-to-date, Metaplanet's aggressive accumulation reflects a broader trend of institutional investment in bitcoin, shifting market dynamics.
AESC has paused construction on its $1.6 billion battery plant in South Carolina due to uncertainties surrounding federal tax breaks and tariffs. The company, which has already invested $1 billion, plans to restart construction but did not specify when. Meanwhile, BMW's plans for its battery assembly site remain unaffected, and South Carolina continues to invest in electric vehicle manufacturing.
Japan's government is steering clear of tax cuts in its annual policy guidelines, focusing instead on boosting disposable household income through wage growth that outpaces inflation. Amid rising living costs and an upcoming election, calls for tax breaks are growing, but concerns over public finances and government debt volatility remain paramount. The government has postponed its target for achieving a primary budget surplus to between fiscal years 2025 and 2026, emphasizing the need for fiscal discipline.
Carbon emissions from major tech companies surged by 150% from 2020 to 2023, driven by AI advancements and increased data center energy use. Amazon, Microsoft, Meta, and Alphabet saw significant rises in emissions, highlighting a troubling trend in the tech sector's environmental impact. As data centers' electricity consumption is projected to reach 945 TWh by 2030, this growth poses challenges to global climate goals, exacerbated by a lack of regulatory oversight for AI emissions.
Japan is considering emergency rice imports and other measures to stabilize soaring rice prices, which have doubled in the past year, ahead of key elections. The government plans to release 600,000 metric tons from its emergency stockpile and may utilize its annual quota of 100,000 metric tons of tariff-free rice. Meanwhile, the U.S. Treasury has urged the Bank of Japan to continue tightening monetary policy to address the yen's weakness and support economic rebalancing.
Southeast Asia is poised to see a significant shift in energy use, with projections indicating that by 2030, a third of the region's data centers could be powered by solar and wind energy. This transition is crucial as the demand for energy-intensive technologies, like AI, continues to rise. However, experts caution that renewable energy alone won't suffice; investments in battery storage and smart electricity management are essential for sustainable growth.
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Lenskart transitions to public company ahead of ten billion dollar IPO
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