Analysis
Razorpay, Pine Labs, Zepto and InMobi are among startups that have shifted back to India.
1
Walmart-backed Flipkart to shift base back to India to prepare for IPO
2
UBS to sell India wealth business to 360 ONE in $36m deal
3
Data Vantage: Nium, Tookitaki, and Ampotech in focus
4
TikTok and Traveloka: Strategic partnership—or acquisition—in the making?
5
Trihill Capital-backed F&B startup Se'Indonesia raises fresh funding
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Deals
UBS will buy a 5% stake in 360 ONE worth about $223m.
Nium has secured $2m in capital through the allotment of preference shares to Endeavor Catalyst IV.
TikTok’s interest in Traveloka comes at a pivotal juncture for the travel tech firm.
The startup will use the funds to meet working capital needs and to add more stores.
India
Surge in domestic M&As offset a collapse in outbound deals in Jan-March.
Rest of Asia
The deal marks the latest major overseas acquisition by a Japanese firm.
Greater China
CIC is reportedly among the several Chinese funds that has stepped back.
Sumitomo and SBI to each acquire 20% interest in Japan-based AI facility.
It also launched the second generation of its Shenxing fast-charging battery.
