The funding round was led by Eurazeo’s insurtech fund.
Queensland Government's QIC sets up SG office to boost partnerships across Asia
TikTok and Tokopedia may announce Indonesian e-commerce deal soon
India Digest: Infra.market sells stake in RDC Concrete; Biryani By Kilo secures funds; Fireside Ventures mulls stake sale in Mamaearth
SEA Digest: Malaysia's Qarbotech bags seed round; Box Vietnam raises fresh funding
Hina AI bags funds and 41 Greater China deals worth over $847m
SG insurtech Igloo closes $36m pre-Series C to drive M&A expansion in SE Asia
Indonesian fintech firm AwanTunai said to have bagged $18m in new funding
Indonesian construction tech firm Gravel raises $14m from NEA, East Ventures, others
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Zephyr Peacock upsizes fourth India fund to $200-250m; eyes first close in July
GXBank is also planning to launch a credit card in partnership with Maybank.
The firm has gradually increased its share in the late-stage private market through a consistent investment strategy.
True North’s first debt fund is expected to close at Rs 1,250 cr by Dec this year.
Global Atlantic’s assets under management have grown to $158b from $72b in 2020.
Rest of Asia
The deal came more than four years after Prince Alwaleed was swept up in an anti-corruption drive.
Former Binance chief Changpeng Zhao stepped down as CEO last week.
LimFlow will receive $250m in cash and be eligible to receive up to $165m in additional payments.
The company said it recorded positive EBITDA in single-digit crores in Oct.
The Fund is seeking to raise $250m.