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Deals

NVIDIA to lead $74m Series B extension round in India’s Sarvam AI: Report

The startup raised $234 million in the first close of its $300-million Series B round in June.

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NVIDIA to lead $74m Series B extension round in India's Sarvam AI: Report

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India Digest: Sedna backs Kaapi Machines; Quest Global invests in Lavni's Fund II

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India: Carpediem, Sanshi Fund to lead $16m investment in IIRM Holdings

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ID Digest: Mazda opens assembly plant; Pluang launches AI-assisted trading feature

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CXMT plans second chip plant in Beijing, in talks for funding

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AI is a catalyst for structural change, not an investment thesis in itself: Genesia

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SE Asia’s resurgent IPO market raises hopes of private equity payouts

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MariBank Philippines’ upgrade to a digital bank underscores local fintechs’ big ambitions

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IFC in talks to invest in India’s Datar Cancer Genetics

5

Atome delivers second profitable year as biz grows beyond BNPL

Deals

India Digest: Sedna backs Kaapi Machines; Quest Global invests in Lavni’s Fund II

The partnership will boost Kaapi Machines’ product range and operational capabilities.

Private Equity

India: Carpediem, Sanshi Fund to lead $16m investment in IIRM Holdings

The fundraising will be executed via a combination of equity shares and fully convertible warrants.

Deals

ID Digest: Mazda opens assembly plant; Pluang launches AI-assisted trading feature

The launch comes as global brokerages experiment with generative AI to support retail investing.

Deals

CXMT plans second chip plant in Beijing, in talks for funding

It pursues a major expansion following its $8.6 billion IPO last month.

Greater China

China’s WeRide enters Denmark, extending European footprint

Europe has emerged as a key growth market for China’s autonomous driving companies.

Singapore

SEA Digest: HDBank bags loan; Singapore fintech body launches code for payment firms

The bank claims that this is the largest international syndicated social loan ever raised by a Vietnamese firm.

Greater China

Alibaba unveils its most capable AI model to date, not far behind Moonshot’s in size

Qwen3.8-Max has 2.4 trillion parameters.

Greater China

China’s Chery to invest $75m in Korea’s KG Mobility, eyes overseas markets

The bonds would give Chery a stake of about 10% in the company.

Malaysia

Malaysia’s Maybank to take full control of Etiqa owner in $1.2b deal

Maybank will fund the buyout through internal and external funding sources.

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