Analysis
India has led the world in crypto takeup for the past two years, according to Chainalysis.
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APAC Digest: watchTowr confirms Series A round; Antler closes 2nd Australia fund
2
SEA Digest: OpenAI opens SG office; TransTRACK reported to be in talks to buy ID firm
3
SG-based thermal sensors provider Meridian Innovation raises $12.5m in funding
4
SG fintech startup Surfin bags $12.5m in Series A funding from Insignia Ventures
5
Emtek picks up another 9.54% direct stake in Bukalapak for $75m
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IPOs & Markets
Foreign-based firms no longer need a nod for a “reverse flip” merger with a domestic arm.
Deals
Flourish Ventures and Together Fund backed Spry Therapeutics.
The LP View
The firm has allotted over 25% of the corpus to fund managers and for co-investments.
People
After he stepped back from the Group, Ratan Tata became known as a prominent investor in Indian startups
The share sale marks the company’s return to equity fundraising after it scrapped a $2.5 billion plan in February last year.
Hyundai is due to launch its IPO—India’s biggest ever—next week.
Antler, Golden Sparrow, and several angel investors also pumped capital into Figr.
The Indian unit of the Korean carmaker is offering a discount to eligible employees in the IPO.
BYD, in partnership with a local firm, submitted a $1b investment proposal last year to build EVs in India.
