Asia

Portl, an India-based digital fitness and wellness technology startup, has successfully closed a $3 million funding round led by Bharat Innovation Fund. This round also saw participation from existing investor Kalaari Capital and new investor T-Hub Foundation.

Shomvob, the business to business (B2B) job-tech and human resource (HR) tech platform in Bangladesh, has on Thursday announced a $1 million pre-seed financing round led by Singapore-based early-stage venture capital firm Cocoon Capital.

PopChill, a luxury resale marketplace operating in Taiwan and Hong Kong, announced Wednesday that it had finalized a $3.1 million Pre-A+ funding round. The firm secured an additional $1.3 million, bringing the total funds raised in this round to $3.1 million, inclusive of the earlier announced $1.8 million.

BANIQL, a United States-based company developing a novel and sustainable approach to nickel and cobalt extraction from laterites using first principles, has announced the successful closing of its $1.6 million seed funding round.

Venture capital firm Vertex Ventures Japan (VVJ), has announced the launch of its JPY 10 billion ($64.24 million) inaugural fund, Vertex Ventures Japan Fund I (VVJFI), anchored by Vertex Holdings.

To promote digital economies and support the growth of early-stage tech startups in Central Asia, the International Finance Corporation (IFC) will invest up to $5 million in Sturgeon Emerging Opportunities II, LP, a new venture capital fund managed by Sturgeon Capital, a major venture capital investor.

In a move to spur sustainable investments in Sri Lanka, the International Finance Corporation (IFC) and the European Union (EU) have partnered with the Commercial Bank of Ceylon (CBC) to scale up green finance, supporting the country's commitments towards a low-carbon economy.

Uber Technologies, Inc. and Delivery Hero SE have reached an agreement for Uber to acquire Delivery Hero’s foodpanda delivery business in Taiwan for $950 million in cash.