Vietnam
V-Green has completed installation of the first 4,500 battery swap stations.
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India: 360 ONE Asset picks up minority stake in House of Diagnostics
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Vietnam Digest: VNG, TikTok fined; VinFast launches battery-swappable e-bikes
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BlackRock’s HPS backs Capital A’s logistics arm at $500m valuation
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PE giant General Atlantic invests in Indian snack brand Balaji Wafers
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UangCermat raises $26m to deepen fintech lending in Indonesia
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Advantage Partners-backed Pharmaforte ropes in banker for potential sale
Singapore startup Level3AI bags $13m in seed round led by Lightspeed
IFC investing $34m in Malaysia’s Asia Pacific University
Grab faces profitability hit as Indonesia moves to lower commission cap
SC Capital secures $330m from CPP Investments consortium for Japan strategy
World
The company was valued at $12b in the Series D round.
Rest of Asia
OpenCX is also preparing to expand its presence in Saudi Arabia.
Greater China
The company hired China’s Guotai Haitong Securities for its pre-listing tutorial.
The deal follows a December funding round that valued Airwallex at $8b.
Uni-Ubi will step up its global expansion and focus on emerging markets like SE Asia.
India
Rastogi was most recently the group finance chief of property developer Puravankara.
Indonesia
ICEx and CFX are expected to play fundamentally different roles within the ecosystem.
True Light Capital and Qiming Venture Partners jointly led the round.
Japan’s Toho gas and existing backer TVS invested in the round.
