Asia
India’s Course5 Intelligence completes fund raise of $53M with second close led by Nuvama Private Equity
India-based analytics and artificial intelligence (AI) solutions company Course5 Intelligence, announced Tuesdasy that it has successfully completed its round of funding of $53 million with second close led by Nuvama Crossover Series of funds, managed by Nuvama Asset Management Limited.
TuSimple’s autonomous trucks commence testing on expressway in Japan
TuSimple Holdings, Inc. (TuSimple), a global autonomous driving technology company, has on Monday announced it has begun Level 4 autonomous test runs on Japan's most critical freight corridor that connects the major cities of Tokyo, Nagoya, and Osaka.
India’s internet economy to reach $1 trillion by 2030, says report
A continued shift in consumer behavior and evolution of the business ecosystem will underpin the growth of India’s internet economy, from approximately $175 billion of consumption in 2022 to about $1 trillion by 2030, according to a report revealed on Tuesday.
Sequoia India & Southeast Asia rebrands as Peak XV Partners
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.
US SEC files 13 charges against Binance entities & Founder Changpeng Zhao
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 acquires Indian proptech brand NestAway for $11M
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) .
Total funding into environment tech companies falls 5 percent year-on-year to $29.9B in 2022, says Tracxn
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.
India’s Capillary Technologies raises $45M Series D funding from Avataar Ventures and its LPs
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…
India’s Tan90 raises $1.37M in pre- Series A funding co-led by Blue Ashva Capital and Capital A
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 acquires Delhi-based education platform Pepcoding
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.
