India

Indian fintech firm Aye Finance has entered into definitive agreements for INR 250 crores ($30 million) in Series G funding, led by Singapore’s ABC Impact, the leading Pan-Asia impact investor backed by Temasek and Temasek Trust.

EFishery, an Indonesian aquaculture technology company, intends to continue expanding the Indian market by targeting other strategic areas in India, especially South and East India, after positive first year achievements.

In response to strong institutional investor interest, the fund is using the green shoe option and can grow up to $250 million.

Cradle Fund Sdn. Bhd. (Cradle), the government agency for Malaysia’s startup ecosystem, and Invest India, an investment promotion and facilitation agency under the Government of India, have formed a strategic alliance to strengthen startup ecosystems in both nations.

Adyen, the global fintech firm, announced Thursday its expansion in India. This is following the grant of authorization from the Reserve Bank of India to operate as an online payment aggregator in India for domestic and cross-border payments.

HealthCRED, an India-based business to business (B2B) healthcare financing startup, announced Monday that it has raised $1.2 million in a seed funding round.

Global impact investors International Finance Corporation (IFC), Asian Development Bank (ADB) and DEG have announced an investment of $275 million into India's leading renewable energy solutions platform, Fourth Partner Energy (FPEL).

The government panel had earlier held back approval due to concerns about the 9.88 percent stake in Paytm held by China's Ant Group. India has intensified scrutiny of Chinese businesses since a 2020 border clash between the two countries, the report said.