India

Nexedge Capital, an Indian wealth-management and multi-family office firm, has raised $20 million in its first funding round, co-led by Mirae Asset Venture Investment and Elev8 Venture Partners.

Rezolv, an Indian software company that utilizes AI to automate debt collection for lenders, has raised $12.5 million in a Series A funding round led by U.S. venture firm Norwest, with participation from Vertex Ventures Southeast Asia and India and existing investor 3one4 Capital.

India's River Mobility has closed a $120 million Series C round comprising equity and venture debt, among the largest private investments in India's electric two-wheeler sector.

ADA, an AI company headquartered in both Singapore and Malaysia, has completed the acquisition of Algonomy, an AI retail decision-making company headquartered in Bengaluru, India, expanding the combined group's presence.

London-headquartered Gorilla Technology Group (NASDAQ: GRRR) has raised aggregate gross proceeds of $232 million from two bond financings, directing the capital toward AI infrastructure programs in Indonesia, India, and Thailand.

India's Tata Communications will make an strategic $152 million investment in subsea cable infrastructure to expand the India-Singapore digital corridor with an additional 98 terabits per second of AI-ready capacity,

Singapore-based growth equity firm Panthera Growth Partners will make a $30 million investment in Innefu Labs, an Indian artificial intelligence (AI) company focused on national security, positioning the firm for an IPO and accelerating its expansion into international markets.

India-based Nava, a cloud infrastructure company focused on GPU compute and AI data centers across the Asia-Pacific region, has raised $22 million in a Series A funding round.

Vietnam's top conglomerate Vingroup will invest $6.5 billion in India's state of Maharashtra, including $1.5 billion in electric mobility.

India's AI-power technology company Wipro will acquire Mindsprint, the technology subsidiary of Singapore's agribusiness Olam Group, for S$375 million ($291 million) cash, as part of a broader strategic partnership that includes a long-term digital transformation deal valued at over $1 billion.