Asia

Abu Dhabi-based game and technology provider Param Labs and Hong Kong-based gaming firm Animoca Brands have on Wednesday announced a strategic partnership to leverage Animoca Brands' expertise to bolster Param Labs' go-to-market strategy, particularly in the area of launching innovative Web3 products, and to refine Param Labs' blockchain and token economy…

Australia-based farm to fork innovation venture fund Mandalay Venture Partners has secured Queensland Investment Corporation (QIC) as an investor, deepening its position in Australia’s growing agrifood tech sector. The fund, which is also backed by Australia’s largest member-owned organization the NRMA, has hit $26.74 million in committed capital.

Indian student accommodation platform Amber announced Monday that it has raised $21 million led by Gaja Capital in its latest funding round. Lighthouse Canton and Stride also participated in the funding.

Animoca Brands Japan, a strategic subsidiary of Hong Kong-based Web3 firm Animoca Brands, has on Friday announced a partnership with HashPalette to support the global expansion of the Japanese Web3 gaming sector. As part of the partnership, Animoca Brands will provide marketing support for the global expansion of HashPalette's game THE LAND ELF Crossing…

Global software giant Microsoft has joined forces with DoxAI, a venture of Australia’s Lakeba Group, and Perpetual Limited to provide financial services companies with access to cutting-edge technology that can help them grow and evolve.

Indian generative artificial intelligence (AI) startup Sarvam AI has announced that it is working with Microsoft to make its Indic voice large language model (LLM) available on Azure. The collaboration reinforces Microsoft’s commitment to enabling AI-driven growth and innovation in India.

The electric vehicle (EV) market is on track for a watershed year in 2024 as emissions reduction targets clash with falling consumer spending amid enduring economic uncertainty, Rystad Energy said Wednesday. Rystad Energy research forecasts 17.5 million EV sales this year, an 18.5 percent annual increase.

Netherlands-based Orient Growth Ventures said Thursday it has completed final closing of second fund at $90 million for Southeast Asia and India.

Crypto industry veterans Nischal Shetty and Avinash Shekhar have on Wednesday announced the launch of their new venture, Pi42, India's first Crypto-INR Perpetual Futures Exchange. Pi42 aims to grow as the largest compliant crypto futures platform in the world.

Khyaal, an Indian app for senior citizens, has raised $4.2 million in a seed funding round. The round was co-led by 62Ventures, SVQuad, and Inventus Capital. Glen Tullman, Kanwal Rekhi, Raju Reddy, and Raj-Ann Gill, were also among the distinguished entrepreneurs and investors who participated in this round.