The round saw the participation of Baidu Ventures, Xianting Fund, and Seekdource.
Chinese self-driving firm Zelos bags $100m in Series A round led by Meituan
Data Vantage: Qapita, Xcelerate, Capillary Tech, Multiplier and Green COP post updates
In food tech era, Proterra Asia still sees opportunities in traditional food production
The LP View: Norfund strives for market-rate returns in emerging world
SG fintech startup Fluid raises Series A round led by Insignia Ventures Partners
PH-based SME lender ProCredit raises $4m seed round led by Integra Partners
Singapore PE firm Mizuho Asia Partners said to have raised about $270m for third fund
The LP View: Mubadala sees India, China, Japan, and S Korea driving Asia investments
SE Asia’s growing markets are well poised to capitalise on continuation funds: Navis Capital
Growth-stage investor A91 Partners in talks to invest in India’s Ummeed Housing Finance
India’s recent move is expected to spur innovation and open up the elusive sector to global investor participation.
Leo Capital has raised $106m for two funds seeking technology-centric opportunities in India and SE Asia.
The financing was backed by existing institutional investors Altair Capital and Exacta Capital Partners.
The deal represents an effort by Broadcom CEO Hock Tan to streamline the firm’s portfolio after its $69 billion takeover of VMware.
Rest of Asia
TSMC’s decision to build chips in Japan has become a key component of Tokyo’s push to revive advanced semiconductor manufacturing.
Sources said there were concerted efforts to disrupt the EGM.
Air China has spoken to lenders to gauge the availability of financing should it eventually decide to proceed with a deal.
The meeting also studied measures to attract and utilise foreign investment, the report said.
Lowercarbon Capital and BHP’s VC unit were also among the investors.