If talks fructify, this would be Amazon’s second deal in the $26b+ Indian beauty and personal care market.
Malaysian wealthtech firm Versa aims for profitability by 2027, says GTV to double every year
Asia PE-VC Summit 2023: The Middle East is in a position to spur investments in Asia
TikTok's rise in Southeast Asia spells trouble for US rival Snapchat
US readies rules to prevent China from cashing in on $52b chip funding
PE giant KKR asks Telecom Italia to extend deadline for grid bid
Hit by China-US tensions, GGV Capital to spin off Singapore-based Asia business
Singapore’s Growtheum Capital closes debut fund at $567m, a tad below target
Bold cash burn helps TikTok nearly triple 2022 revenue in Asia but losses widen
Malaysian pension fund KWAP launches $107m vehicle to invest in startups, VCs
Indonesian fintech startup Finantier said to have shut down
The round comprises fresh equity funding and share allotment to convertible note holders.
Novelship said the capital will be used to amplify its brand presence across Southeast Asia.
The ‘HSBC New Economy Fund’ will support startups in the Series B stage and beyond.
GreenYellow’s loan includes a $10.8m parallel loan from FMO, responsAbility Fund, and Société Générale.
New Group CEO Eddie Wu said the tech giant’s focuses would be “user first” and “AI-driven”.
Carsome is also ready for an IPO but is in no rush to list, said Eric Cheng.
Nazara will use the proceeds for strategic acquisitions and investments in various companies.
The fresh capital will be used to expand operations in Europe and the US.
Both Gupta and Vaidya have left the organisation to pursue their entrepreneurial ambitions.