India
The funding also saw participation from Alteria Capital and Innoven Capital
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Musk's xAI in talks to raise close to $20b from investors
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Kuwait Petroleum unit buys 25% stake in China's Wanhua Chemical Group
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India's Mahindra to buy 59% stake in SML Isuzu for $65m
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TikTok Shop said to be entering Japan soon
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Editor’s Take: The Week That Was—Apr 21-26
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Creador picks 13% stake in Vietnam’s Long Chau Pharmacy at $1.5b valuation
Vietnam’s Masan to list its consumer unit by Q3, drops The Crown X listing
Startup funding in Greater China nearly halves in Q1
Will trade war put a pause on global GPs’ fundraising attempt in Asia?
Maya Bank’s first profitable quarter boosts faith in PH digital lenders
The company also plans to double its store count in five years.
Singapore
The SE Asian tech companies’ stock declines surpassed that of the US “Magnificent Seven”.
Greater China
Alibaba’s arm will sell 2% of YTO’s total stock via block trades over next three months.
Rest of Asia
Choco Up plans to power asset-light businesses across APAC where it sees a $2t funding gap.
The company has also named Sindhu as its brand ambassador.
The Whole Truth has raised $15 million in its Series C funding round led by Sofina.
The company is in advanced discussions to raise another $25m, ET reported.
Promising startups such as Telio, Ula, and Lummo bite the dust.
Malaysia
The CARSOME Group will hold a 51% stake in CARSOME Capital.
