India

The company continues to expand into new international markets, including high-growth regions in EMEA and APAC, replicating its successful US go-to-market strategy to drive further global adoption.

Since its inception, the firm has raised $3.1 billion from a diverse group of global investors, including prominent corporations, foundations, family offices, and institutions.

India is also the first market where VinFast has developed a right-hand drive version of the VF 6 and VF 7. These two models are expected to meet the electrification needs of consumers and set a new benchmark in the green transportation industry in India.

We talked to Chua Joo Hock, Managing Partner at Vertex Ventures Southeast Asia & India, to learn more about the Singapore-headquartered venture capital firm’s achievements in 2024, its plans and priorities in 2025. He also shared his views on the outlook of the tech ecosystem in Southeast Asia for the new year.

British multinational automobile manufacturer JLR and Indian digital ecosystem enabler Tata Communications have teamed up to deliver smarter, data-driven connected cars.

In Asia, VC investment fell from $18.5 billion to $15.6 billion quarter-over-quarter, while in Europe it dropped from $17.9 billion to $12.5 billion.

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.