India
Hexa Climate also plans to invest $500m to expand its renewable energy platforms.
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TikTok to invest $1.14b to build its first data centre in Finland
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India Digest: Fortum sells India unit to Hexa Climate; The Souled Store buys Red Wolf; Kult raises funds
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Rocket Internet-backed Flash Coffee secures $3m to double down on Indonesia
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BII names ex-Omdiyar partner Shilpa Kumar as its new India head
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Multiples ropes in global LPs to raise over $400m for continuation fund
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Grab reports 18% revenue growth, $10m profit in Q1
Temasek’s Gabriel Lim appointed CEO of Seviora
Indonesia
The financing was led by TA Ventures.
The investment will help Ace Designers expand its product portfolio.
Philippines
GoTyme is a digital banking joint venture between JG Summit and Tyme Group.
Greater China
It will sell Bakkavor China Holdings to China-based Lihe Xing (Qingdao) Food Technology.
InCred Finance is seeking a valuation of at least $1.76b.
This investment comes as KALKI Fashion is expanding its retail presence in India and overseas.
Existing investors Prime Venture Partners and Varanium Capital participated.
Also read about healthtech funding trends in the last year.
Singapore
Property firms Hwa Hong and Wing Tai Holdings, as well as the Teo family are part of the consortium.
