India
The company has raised $4.25m in seed funding with participation from existing investor W Health Ventures.
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The funding will help Raaz significantly expand its footprint.
The firm said it is on track to achieve its $500 million target by 2025.
The investment was from Strategic Situations Fund II.
The GPS business was hived off as part of Sterlite Power’s demerger exercise in October.
Greater China
The AIIB has allocated 10% of its assets to equity investments.
In 2022, it raised $65m in financing from Norwest Venture Partners, Maj Invest, and Faering Capital.
Vietnam
The loan will be used to support the refinancing of VH6, a 50 MW solar power plant.
Philippines
Asian Venture Philanthropy Network’s Septiani said most investors do not have direct access to project implementers.
Singapore-based Tanas Capital is part of the investor consortium.
