Asia
India’s Grip Invest secures $10M in Series B funding led by Stride Ventures
Grip Invest, a direct to consumer (D2C) investment platform for retail investors, has raised $10 million in a Series B funding. The round consisted of $8.5 million via fresh equity and convertible note as well as $1.5 million in venture debt.
India’s Paytm parent firm to invest $12M in GIFT City to build global financial ecosystem
One97 Communications Limited (OCL) that owns the brand Paytm, has on Wednesday announced an investment of Rs 100 crore ($12 million) in Gujarat International Finance Tec-City (GIFT City) to build a global financial ecosystem in Gandhinagar in India.
Taiwanese blockchain firm Numbers Protocol launches project to help Taiwan media fight disinformation in upcoming election
Taiwan-based blockchain content verification company Numbers Protocol has announced a project to ensure the public has access to reliable and credible news for the upcoming presidential election on Jan 13. This will be achieved through the implementation of a decentralized blockchain-based verification platform for digital media content and partnerships…
US’s SentinelOne acquires India’s PingSafe to expand cloud security capabilities
SentinelOne, a United States-based leader in artificial intelligence (AI)-powered security, has recently announced that it has agreed to acquire PingSafe, an India-based unified cloud security platform.
Open Campus Accelerator to deploy a $10M fund to onboard 100 education start-ups into the Open Campus ecosystem
Open Campus has on Monday announced that the Open Campus Accelerator (OC-X) will deploy a $10 million fund to drive the onboarding of a further 100 education start-ups into the Open Campus Alliance and Open Campus ID, enriching the variety and scope of the Open Campus ecosystem's educational offerings and learner base.
Crypto firm Metalpha invests in digital solutions provider NextGen Digital Venture
Metalpha Technology Holding Limited (Metalpha), a global crypto-based wealth management company, has invested in NextGen Digital Venture Limited (NextGen), strengthening the existing business partnership that provides institutional investors compliant investment channels for exposure to digital assets.
VinFast to build $500M integrated electric vehicle facility in India
VinFast, Vietnam’s leading electric vehicle (EV) manufacturer, has signed an agreement to build an integrated electric vehicle facility in Tamil Nadu, India. The duo will work toward a total investment of up to $2 billion, with an intended commitment of $500 million for the first phase of the project, spanning five years from the commencement date.
EY: Asean’s IPO proceeds down 20 percent on year to $5.6B in 2023
Asean initial public offering (IPO) proceeds down 20 percent year on year to $5.6 billion in 2023, EY said Friday. According to the firm's EY Global IPO Trends 2023, ASEAN IPO market remained robust in 2023, with a total of 157 deals, up 3 percent from 152 deals in 2022.
Japan’s Micoworks raises $24.5M in Series B round led by Vertex Growth
Micoworks Inc., a Japanese developer and provider of the MicoCloud and Micomii marketing platforms, has on Wednesday announced the successful raising of JPY 3.5 billion ($24.5 million) in a Series B funding round. The latest funding round was led by Vertex Growth, a growth-stage venture capital fund anchored by Vertex Holdings, a subsidiary of the global…
US DFC approves loan to Indonesian clean energy firm Medco Cahaya Geothermal
The U.S. International Development Finance Corporation (DFC) has approved 17 new transactions in the first quarter of FY2024 at the board and sub-board levels, totaling more than $3.3 billion. This includes a $126 million loan to PT Medco Cahaya Geothermal to finance the development of 31.4MW of geothermal power generation capacity in East Java, Indonesia,…
