Asia
India’s Swiggy initiates second tranche of committed ESOP liquidity program totalling $50M
Swiggy, India’s on-demand convenience platform, has on Monday announced the second milestone in its committed two-year employee stock ownership plan (ESOP) liquidity program. As part of this planned two-year ESOP liquidity program, Swiggy employees will have the option to receive liquidity totalling up to $50 million against their ESOPs.
Japan’s JERA to invest $300M in greentech-focused startups
Japanese energy firm JERA Co., Inc. (JERA) has initiated corporate venture capital activities with the aim of accelerating innovation in the energy domain and generating new business opportunities. The firm will make strategic investments totaling $300 million in start-up companies that have leading-edge technologies or business concepts and in venture…
India’s o9 Solutions raises $116M investment at $3.7B valuation
o9 Solutions, an India-based enterprise artificial intelligence (AI) software platform provider has on Wednesday announced that its existing investors, led by General Atlantic’s BeyondNetZero, have invested an additional $116 million in the company.
Shinhan Bank, SCB TechX, other financial institutions complete stablecoin remittances pilot on Hedera
South Korean bank Shinhan Bank, Siam Commercial Bank's technology innovation business unit SCB TechX, and the largest financial institution in Taiwan have on Tuesday announced the successful completion of a stablecoin remittance proof-of-concept (PoC) pilot.
KKR leads $190M Series C round in South Korean online fashion platform MUSINSA
MUSINSA, an online fashion platform in South Korea, has raised $190 million in Series C fundraise led by KKR, a global investment firm. The round also saw participation from Wellington Management, one of the world’s largest independent investment management firms.
McDonald’s Hong Kong launches McNuggets® Land experience in The Sandbox
The Sandbox, a decentralized gaming virtual world and subsidiary of Animoca Brands, has been selected as the platform to build the first Web3 experience for McDonald’s Hong Kong.
Indian cyber security startup PingSafe launches from Stealth with $3.3M to outsmart attackers
PingSafe, an India-based cloud-native application protection platform (CNAPP) platform powered by attacker intelligence, has on Thursday announced its emergence from stealth mode with $3.3 million in seed funding. The funding round was led by Sequoia Capital India & Southeast Asia's (now known as Peak XV Partners) Surge.
Manta Network developer p0x labs raises $25M Series A funding
P0x labs, the cryptographic development team building Manta Network, has on Thursday announced its $25 million Series A funding, led by Polychain Capital and Qiming Venture Partners, bringing its valuation to $500 million.
US-based Ares Management acquires Singapore-based private equity firm Crescent Point Capital
United States investor Ares Management Corporation (Ares) announced Monday that it has entered into a definitive agreement to acquire 100 percent of Crescent Point Capital (CPC), a Singapore-based private equity firm.
Hong Kong’s Rice Robotics raises $7M Pre-A funding to expand footprint in Japan
Rice Robotics, a Hong Kong-based workforce automation start-up, has successfully secured $7 million in pre Series A funding. A portion of the funding has been allocated to establish a production plant in Hong Kong. The company also aims to bolster its manufacturing and supply chain capabilities and position itself for expansion into the promising Japanese…
