India Digest: Euler Motors raises $14.4m; A.K. Alternative eyes $48m private credit fund

Singapore’s sovereign wealth fund GIC-backed Euler Motors on Monday said it has raised $14.4 million (Rs. 120 crores) in its ongoing Series-C extension round. Separately, A.K. Alternative Asset Managers Pvt. is planning to raise as much as $48 million through its latest private credit fund, Bloomberg reported.