India

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.

Fynd aims to address these challenges through its unified AI-native commerce ecosystem. The platform integrates in-store systems, e-commerce, design, production, and supply chain management into a single architecture.

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.