Deals
Existing investors Aavishkaar Capital, Chiratae Ventures & Trifecta Venture Debt Fund also participated.
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
More Stories
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
Policy & Regulations
Foreign lessors have been locked in a legal tussle to repossess their aircraft.
People
Iyer will take over as CFO on Sept. 22.
Analysis
Hero MotoCorp, Honda try to catch up as two-wheelers go electric.
The investment will help the Pantaloons owner fund its acquisition of clothing brand TCNS.
Tesla has also been in talks to set up a new EV factory in India.
Ambani has been fast expanding his media and entertainment empire.
Currently, SEBI considers related parties as part of a corporate group
Private Equity
The PE firm plans to build a portfolio of about 12-15 companies.
Manipal Health reportedly bought the controlling stake for about $276.5 million
