Asia

Avaada Energy, the renewable energy arm of India-based Avaada Group, has announced the successful closure of INR 4,471 crore ($535 million) of refinancing from the state-owned lender, the National Bank for Financing Infrastructure and Development (NaBFID).

Flourish Ventures, a global early-stage venture capital firm, has on Monday announced the appointment of Ravi Kaushik as Executive Director, Head of Asia Investments. Kaushik will lead the global firm's fintech investments and portfolio management in India and Southeast Asia.

The investment in Indian agrifood startups dips to pre-pandemic levels in 2023, plunging 60 percent from 2022 levels to reach just below $1 billion in 2023, a report said Tuesday.

Gogoro Inc., a Taiwan-based battery-swapping ecosystems firm, said Tuesday it has partnered with Japanese integrated trading firm Sumitomo Corporation and Sumitomo Mitsui Finance and Leasing Co., Ltd. (SMFL) to accelerate its global business expansion.

The International Finance Corporation (IFC) has partnered South Korean credit card-issuing company KB Kookmin Card Co. (KBC) to launch $150 million financing package in Indonesia, Thailand.

WEE, a marketplace specializes in fast delivery services within Dubai, has announced a $10 million infusion (comprising equity and credit facilities) from SIG INVESTMENT.

Tikehau Capital, the global alternative asset management group, and Flow Capital, a private credit platform specializing in Asia-Pacific real estate debt investment, will join forces to capitalize on this burgeoning market both in Asia and Europe.

Users of 14 popular overseas e-wallets from nine countries and regions can now make payments in Hong Kong using their home apps through Alipay+, a suite of cross-border mobile payment and digitalization technology solutions operated by Ant International, the firm said Friday.

Anichess, Animoca Brands' chess-centered subsidiary, has on Thursday announced the completion of a funding round of $1.8 million. The round was led by Sfermion and Amber Group, with participation from Fenbushi Capital, Aspen Digital, SNZ Capital, and others.