India
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Indonesia consortium invests $1.3b in new capital
Indonesia
The round comprises fresh equity funding and share allotment to convertible note holders.
Singapore
Novelship said the capital will be used to amplify its brand presence across Southeast Asia.
Malaysia
The ‘HSBC New Economy Fund’ will support startups in the Series B stage and beyond.
Vietnam
GreenYellow’s loan includes a $10.8m parallel loan from FMO, responsAbility Fund, and Société Générale.
Greater China
New Group CEO Eddie Wu said the tech giant’s focuses would be “user first” and “AI-driven”.
Carsome is also ready for an IPO but is in no rush to list, said Eric Cheng.
Nazara will use the proceeds for strategic acquisitions and investments in various companies.
The fresh capital will be used to expand operations in Europe and the US.
Both Gupta and Vaidya have left the organisation to pursue their entrepreneurial ambitions.
