News
Indian EV startup River raises $15M in funding deal led by Al Futtaim
Indian electric vehicle (EV) manufacturer River has raised a $15 million investment round led by Dubai's multinational powerhouse, Al Futtaim Group. The fresh funding will bolster the firm's growth, priming its manufacturing and distribution networks for an August 2023 delivery kick-off.
India’s Course5 Intelligence completes fund raise of $53M with second close led by Nuvama Private Equity
India-based analytics and artificial intelligence (AI) solutions company Course5 Intelligence, announced Tuesdasy that it has successfully completed its round of funding of $53 million with second close led by Nuvama Crossover Series of funds, managed by Nuvama Asset Management Limited.
TuSimple’s autonomous trucks commence testing on expressway in Japan
TuSimple Holdings, Inc. (TuSimple), a global autonomous driving technology company, has on Monday announced it has begun Level 4 autonomous test runs on Japan's most critical freight corridor that connects the major cities of Tokyo, Nagoya, and Osaka.
Circle Singapore secures major payment institution license
Circle Internet Singapore Pte. Ltd. (Circle Singapore), an affiliate of Circle Internet Financial, LLC (Circle), has obtained a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS). The license allows Circle Singapore to offer digital payment token services, alongside cross-border money transfer services and domestic money…
Malaysian preventive healthcare provider DrPrevents aims to secure $870,000 via ECF
DrPrevents, a provider of preventive healthcare servicesin Malaysia, is launching its first equity crowdfunding (ECF) campaign via MyStartr. The company aims to secure MYR 4 million ($870,000), with a strategic focus on expanding the implementation of preventive medicine to complement the national public healthcare system.
Singaporean digital private debt platform Kilde raises $1.12M seed round
Kilde, a digital private debt platform based in Singapore, announced Tuesday that it had received a $1.12 million seed round investment from Big Sky Capital, Borderless Capital, AXL ventures, Algorand Foundation, and angel investors.
Wavemaker Impact, Breakthrough Energy Ventures, GenZero, and Temasek launch new agri-tech startup Rize
Wavemaker Impact, Breakthrough Energy Ventures (BEV), GenZero, and Singapore’s Temasek have announced the launch of Rize, their new agri-tech startup to decarbonize rice cultivation in Southeast Asia and the rest of Asia.
India’s internet economy to reach $1 trillion by 2030, says report
A continued shift in consumer behavior and evolution of the business ecosystem will underpin the growth of India’s internet economy, from approximately $175 billion of consumption in 2022 to about $1 trillion by 2030, according to a report revealed on Tuesday.
Singapore’s Aspire hits profitability three months after closing $100M Series C funding
Just months after closing an oversubscribed $100 million Series C round, Singapore-based business to business (B2B) fintech firm Aspire announced that it has achieved profitability.
