India
The transaction will see Peak XV Partners partially sell its six-year-old holding in the company.
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World
The Sydney-based firm said the oversubscribed fund brings its total AUM to about $1.3b.
Investor appetite for generative AI startups remains strong despite funding slowdown.
Singapore
Ula’s Nipun Mehra, Carousell’s Lucas Ngoo, and Telio’s Sy Phong Bui, are writing new chapters.
Greater China
JD.com backed five robotics companies in July.
Rest of Asia
Deal expected be country’s largest by an investment fund so far this year.
General Catalyst also participated in the financing.
Airalo became a unicorn after its $220m fundraise led by CVC.
Microsoft said it would spend a record $30b in the current quarter.
The French company launched Europe’s first AI reasoning model in June.
