World
The $500m financing was led by investment firm ICONIQ.
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Editor’s Take: The Week That Was—Aug 18-29
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KKR-backed GrowSari trims losses in 2023 on cost discipline, higher revenue
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Malaysia's Sunway plans to list healthcare unit in 2026
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BYD's quarterly profit falls for first time in over 3 years as price wars bite
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Key changes at Singapore's Temasek over the past two decades
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Greater China
As of July, China has already released 1,509 LLMs.
The company is looking to expand the delivery of its AI chips to Saudi Arabia.
The funding round values XPANCEO at $1.35b.
India
GIC had also led CRED’s funding round in 2022.
Rapido, in which Swiggy is an investor, was valued at $1.1b in its 2024 round.
Groww is reportedly looking to raise between $700 million and $1 billion via the IPO.
Groww plans to raise about $200m in a pre-IPO round.
The new valuation marks a threefold increase from its previous valuation in April 2023.
DealStreetAsia reported in March that the Indian logistics firm was in talks to raise funds.
