Asia

Indian working platform CredAble said Thursday it has received fresh funding of $9 million via an equity infusion from Axis Bank, India’s third largest private sector bank, and its existing investor OAKS Asset Management. The investment will be used to accelerate its growth plans.

DataMesh, a United States-based enterprise metaverse platform, announced Thursday it has recently closed a new round of funding led by SIG Asia Investment, LLLP, followed by Singtel Innov8 and Global Brain.

KKday, a Taiwan-based online travel experiences platform, announced Thursday it will be aggressively expanding its footprint in Vietnam, and driving over $100 million in revenue for Vietnam’s tourism industry by 2023.

River, an India-based startup that builds electric two-wheelers, announced on Tuesday an $11 million Series A fundraise led by Chris Sacca’s Lowercarbon Capital in participation with Toyota Ventures and existing investors Maniv Mobility and Trucks VC, bringing the total funding to $13 million.

Catcha Investment Corp 2.0 intends to focus its search on a target with operations or prospective operations in the technology, digital media, financial technology, or digital services sectors, which it refers to as the “new economy sectors”, across Asia Pacific, in particular Southeast Asia and Australia, according to its prospectus.

WebEngage, an India-based full stack retention operating system and business to business (B2B) software as a service (SaaS) startups, announced Tuesday that it raised $20 million in Series B led by Singularity Growth Opportunities Fund and SWC Global. The round also saw participation from existing investors India Quotient, Blume Ventures and IAN Fund,

UpGrad, an India-based higher EdTech major announced on Tuesday it has acquired Exampur, one of India’s largest test-prep providers for government jobs, for an undisclosed amount, to build India’s largest test-prep platform for government jobs.

Pakistan-based social commerce platform DealCart announced Thursday that it has raised a $4.5 million pre-seed funding round led by Shorooq Partners. The round also saw participation from Fatima Gobi Ventures, Vibe Capital, 500 Global, i2i Ventures, Julian Shapiro, Rally Cap Ventures, Alex Lazarow, and several strategic angel investors.

Singapore telco Circles Global announced Thursday it has completed the acquisition of the Mobile Virtual Network Enabler (MVNE) business of Pareteum, a US-based cloud software communications platform company with operations in multiple regions around the world.

Dash Living, a Hong Kong-based serviced co-living community, announced Tuesday that it has expanded its presence in Japan through the acquisition of Tokyo-based IntheHood Hospitality via a share-swap based merger and acquisition (M&A) agreement.