Asia

Sequoia India & Southeast Asia, the largest venture capital firm in the region which manages over $9.2 billion across 13 funds, will now be known as Peak XV Partners globally.

Charges include operating unregistered exchanges, broker-dealers, and clearing agencies; misrepresenting trading controls and oversight on the Binance.US platform; and the unregistered offer and sale of securities.

Aurum PropTech (formerly known as Majesco Limited) has approved the acquisition of up to 100 percent stake in NestAway Technologies Private Limited (NestAway), a PropTech brand in India for a consideration of up to INR 90 crores ($11 million) .

Tracxn Technologies, a global software as a service (SaaS)-based market intelligence platform, said that the funding in the environment tech sector dropped 5 percent year-on-year to $29.9 billion in 2022. The decrease of funding in 2022 was largely due to the 5 percent decline in late-stage funding from $20.6 billion in 2021 to $18.4 billion in 2022.

Indian software as a service (SaaS) startup Capillary Technologies has on Thursday announced the successful closure of its Series D funding round at $45 million. The company said in a statement that it has raised the fund from a consortium of global investors- Avataar Ventures along with its limited partners (Pantheon, 57Stars, and Unigestion), Filter…

Indian cooling solutions company Tan90 has raised a Rs. 11.32 crore ($1.37 million) pre- Series A investment round co-led by Blue Ashva Capital and Capital A. The round also saw participation from 3i Partners and a clutch of angel investors based out of Singapore, the Middle East, and India.

Scaler, an India-based tech education startups, has on Wednesday announced the acquisition of a Delhi-based education platform, Pepcoding, for an undisclosed amount to strengthen Scaler's business ecosystem.

Anthill Ventures, an India-based venture capital firm and speed-scaling ecosystem, has on Thursday announced the launch of a new cohort for its Lumos Health program, which is designed for startups with disruptive solutions and health technologies.

SoftBank Corp., a Japan-based telecom and IT operator, has on Monday announced it launched its own artificial intelligence (AI) Chat service for internal use. As of May 29, 2023, the generative AI service is available to all SoftBank employees, a workforce of approximately 20,000 people.

Japanese multinational investment firm SoftBank Corp has partnered with American multinational technology company NVIDIA on a pioneering platform for generative artificial intelligence (AI) and 5G/6G applications that is based on the NVIDIA GH200 Grace Hopper™ Superchip and which SoftBank plans to roll out at new, distributed AI data centers across Japan.