Deals
This week saw a flurry of earnings reports as several major companies announced their latest financial updates.
Editor's take: The week that was—May 13-18
ShawKwei & Partners leans on secondaries amid a more favourable environment
Vertex Ventures launches $64m inaugural Japan-focused fund
Crypto lender Genesis to return $3b to customers in bankruptcy liquidation
Nvidia-backed CoreWeave raises $7.5b in debt deal led by Blackstone, others
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Singapore’s finance admin startup Osome raises $17m in Series B+ round
Indonesian investment firm Saratoga said to be exiting Antangin maker Deltomed
Haidilao restaurant operator Super Hi’s shares surge 38% in strong US market debut
Edgro raised the amount from nine lenders.
People
This is the second-level senior exit at the firm in less than a week.
OTPless, set up by the founding team of BharatPe, has raised $3.5 million in its pre-series A funding round
The financing will support women, especially microloan borrowers in semi-urban and rural areas.
Private Equity
The 20-year-old company offers services around mobile and web development across the world.
This is the second time that the company is raising funds in the current fiscal year.
Unicorns
The firm last raised $100m in a Series E funding round led by Tiger Global Management and Vitruvian Partners.
It is the latest company to seek financial sweeteners from the government to set up a chip fabrication plant.
Earnings and Results
Mahindra currently offers one EV model – the XUV400 – and said that it will launch its new range of EVs by next year.