Asia

Indian cooling solutions company Tan90 has raised a Rs. 11.32 crore ($1.37 million) pre- Series A investment round co-led by Blue Ashva Capital and Capital A. The round also saw participation from 3i Partners and a clutch of angel investors based out of Singapore, the Middle East, and India.

Scaler, an India-based tech education startups, has on Wednesday announced the acquisition of a Delhi-based education platform, Pepcoding, for an undisclosed amount to strengthen Scaler's business ecosystem.

Anthill Ventures, an India-based venture capital firm and speed-scaling ecosystem, has on Thursday announced the launch of a new cohort for its Lumos Health program, which is designed for startups with disruptive solutions and health technologies.

SoftBank Corp., a Japan-based telecom and IT operator, has on Monday announced it launched its own artificial intelligence (AI) Chat service for internal use. As of May 29, 2023, the generative AI service is available to all SoftBank employees, a workforce of approximately 20,000 people.

Japanese multinational investment firm SoftBank Corp has partnered with American multinational technology company NVIDIA on a pioneering platform for generative artificial intelligence (AI) and 5G/6G applications that is based on the NVIDIA GH200 Grace Hopper™ Superchip and which SoftBank plans to roll out at new, distributed AI data centers across Japan.

The agrifoodtech startup ecosystem in India mirrored the global slump in venture capital funding in 2022, with funding dropped 33 percent to $2.4 billion in 2022, from $3.6 billion in 2021, a report showed last week.

XFlow, an India-based financial services and infrastructure company, has on Thursday announced that it has raised a Pre-Series A round of $10.2 million. The round was led by Square Peg with participation from Moore Strategic Ventures and existing investors Lightspeedand General Catalyst.

CompareAsia Group Capital Limited (MoneyHero), a Singapore and Hong Kong-based financial products platform, is planning to go public in partnership with Bridgetown Holdings Limited, a special purpose acquisition company formed as a collaboration between Pacific Century Group and Thiel Capital LLC.

South Korean automobile firm Hyundai Motor Group and battery company LG Energy Solution (LGES) have announced an electric vehicle (EV) battery cell manufacturing joint venture in the United States on Friday.

Sequoia-backed Circles has on Thursday announced that it has entered into a strategic partnership with Abu Dhabi-headquartered telco firm telco firm e& international for digital services across its operating markets and beyond.