Greater China
Alibaba’s arm will sell 2% of YTO’s total stock via block trades over next three months.
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Rest of Asia
Choco Up plans to power asset-light businesses across APAC where it sees a $2t funding gap.
India
The company has also named Sindhu as its brand ambassador.
The Whole Truth has raised $15 million in its Series C funding round led by Sofina.
The company is in advanced discussions to raise another $25m, ET reported.
Promising startups such as Telio, Ula, and Lummo bite the dust.
Malaysia
The CARSOME Group will hold a 51% stake in CARSOME Capital.
Indonesia
The investors are likely to recover only about a third of their original investments.
Eternal would comprise Zomato (food delivery), Blinkit (quick-commerce), District (live events) and Hyperpure (kitchen supplies).
Consolidated loss widened 39% to $91m in the Dec quarter.
