Asia

According to Lee, BANF’s primary focal points encompass the US and China, both of which constitute the most sizable segments within the realm of ground logistics.

The investment round has been closed and Ola will be receiving the funds within a week's time, though there will be another round of fund raising before it files papers for an up to $1 billion IPO planned for late 2023, said the first source, according to the report.

In the first half of 2023, international business posted double digit revenue growth, with particularly strong performances in Japan, Singapore, Malaysia, Indonesia, Europe, and the Middle East.

Under the agreement, the Korean flag carrier has selected Viasat’s inflight broadband solution for its upcoming fleet of Airbus A321neo aircraft.

Global Brain and Globis Capital Partners led the latest infusion of capital, bringing its total funding to $125 million.

IndoSpace, the largest investor, developer, and operator of grade A industrial and logistics real estate in India, has announced the successful completion of its second round of fundraising for IndoSpace Logistics Parks IV (ILP IV), securing an additional USD 150 million in investment.

Facets.cloud, a self-serve infrastructure management platform based in India, has raised $4 million in a seed funding round led by 3one4 Capital. The firm aims to use this capital to expand in the United States market, promote and advance the platform engineering philosophy and enhance its product offerings.

Google Cloud announced Wednesday that Duet AI will now provide artificial intelligence (AI) assistance across an even wider range of Google Cloud products and services to cloud users spanning employees, software developers, information technology (IT) operators, data practitioners, and cybersecurity professionals.

PT Super Bank Indonesia (Superbank) and Genesis Alternative Ventures (Genesis), Singapore-based venture lender, have launched a financing solution, with both entities committing up to IDR 600 billion ($39.38 million) to back innovative Indonesian startups.

Indian digital payments and financial services company PhonePe, has on Wednesday announced its foray into stock broking with Share(dot)Market, under its subsidiary PhonePe Wealth Broking Pvt. Ltd. Share(dot)Market elevates discount broking by providing market intelligence, quantitative research-based WealthBaskets, a scalable technology platform, and great…