Asia
Indian EV startup River raises $15M in funding deal led by Al Futtaim
Indian electric vehicle (EV) manufacturer River has raised a $15 million investment round led by Dubai's multinational powerhouse, Al Futtaim Group. The fresh funding will bolster the firm's growth, priming its manufacturing and distribution networks for an August 2023 delivery kick-off.
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…
