People
The move is part of the bank’s efforts to revitalise its offshore business.
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From sale of a single share to a $3b balance sheet: Inside Megaspeed’s rapid expansion
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Deals
The Series A financing will support the company’s expansion across APAC.
Higher revenue and improved gross profitability helped offset rising operating expenses.
Private Equity
The firm also counts Tata Capital Healthcare Fund among its investors.
Analysis
US authorities are reportedly investigating if Megaspeed helped Chinese companies obtain Nvidia chips.
Singapore
The potential sale follows two previous attempts by Advent to find a buyer for the business.
Indonesia
The deletions will force funds that track its indexes to sell the shares.
Greater China
A wave of AI-powered apps similar to OpenEvidence has entered the market this year.
India
Some well-known doctors in the country are sceptical of the claims.
World
The sales would likely raise at least $2.2 billion.
