Indian artificial intelligence lending company Aye Finance to raise $174 million through IPO
The IPO aims to raise up to $174 million.
Indian fintech company Infinity raises $1.9 million in equity financing
Founded in 2023, Infinity helps companies manage cross-border sales.
Singaporean robotics company raises US$10.5 million in Series A funding
The funds will be used to enhance its main products, the Eureka controller and the Eureka 3D camera.
Indian fintech company Super.money appoints former Flipkart executive as technology officer
Kaushik Mukherjee has over 20 years of experience and has held roles at Flipkart, Ola, Udaan and Yahoo.
Indonesian fintech company AwanTunai raises US$60 million in debt financing
This round of financing was led by Accial Capital and received donations from multiple investors.
ID Logistics Company Pushes Price Floor
In this week's The Checkout, we discuss whether the price floor required by Indonesia's 3PL industry is reasonable, and Flipkart's upcoming IPO in India.
Fortinet acquires Israeli cybersecurity company
The acquisition is part of Fortinet's plan to expand its cybersecurity services.
Tinder parent company lowers fourth-quarter revenue forecast
The company sees foreign exchange fluctuations as a key factor.
Abu Dhabi fintech company secures US$500 million in asset-backed financing
Quantix previously received a financial company license from the Central Bank of the United Arab Emirates this year.
Coworking company Innov8's profits soar to $7.44 million
The company cites its asset-light model and strategic location in metro areas as key factors.
Google invests $800 million in clean energy company Intersect Power
The tech giant is also partnering with Intersect and TPG Rise Climate to create industrial parks.
Hong Kong logistics technology company raises additional US$3.5 million
The funding, led by MindWorks Capital, will help Jumppoint expand its artificial intelligence-powered logistics platform and regional network.
Paytm parent company shares soar after PayPay sells stake to SoftBank
On Monday, the rupee hit a record high of 1,007 rupees ($11.87).
Vietnamese food procurement company Kamereo raises US$7.8 million
Investors in this round of financing include Sumitomo Corporation, SMBC Venture Capital and Mitsubishi UFJ Capital.
Indian electric two-wheeler company secures $15.3 million in financing
The investment was largely driven by Zoho, which provided approximately $10.6 million.
Chip company NXP sees growth in automotive and IoT
The company expects the growth rate of these industries to be between 9% and 14% from 2025 to 2027.
Chip company NXP sees growth in automotive and IoT despite China restrictions
The company expects the growth rate of these industries to be between 9% and 14% from 2025 to 2027.
Israeli solar company names new CEO
Shuki Nir succeeds Ronen Faier, who will serve as interim CEO from August 2024.
Paytm parent company to sell $250 million stake in PayPay to SoftBank
Through the expected stake sale, Paytm's cash reserves may increase from more than $1.1 billion to about $1.4 billion.
Digital media company TNL Mediagene lists on Nasdaq
TNL Mediagene manages 22 media brands and attracts more than 40 million unique users each month.
Israeli AI Clean Energy Company Receives US$10 Million in Series A Financing
Founded in 2021, EnSights focuses on optimizing renewable energy assets.
Indian sportswear company raises $945,000 in pre-Series A round
Terraactive specializes in fabric technologies that include anti-odor and cooling effects.
Chingari parent company launches astrology app
AstroLive has been operating since September and is an e-commerce platform that also provides astrology-related products.
Artificial intelligence infrastructure company Nebius raises $700 million from Nvidia and others
This round of financing is intended to enhance Nebius' cloud computing services for artificial intelligence applications.