Indian sneaker e-commerce platform raises $2 million in seed funding
It offers sneakers, streetwear and luxury fashion pieces from brands including Nike, Yeezy, Dior and Louis Vuitton.
Pakistani fashion marketplace Laam raises $5.5 million in seed funding
The platform offers over 100,000 fashion items including ethnic and formal wear, footwear and accessories.
Australia fines Kraken operator $5.1 million for regulatory breaches
Australia took legal action against the company for illegally extending credit.
Kraken cryptocurrency exchange operator fined $5 million in Australia
The Australian court has ordered bit tradingThe local operator of the Kraken cryptocurrency exchange has paid a hefty fine for illegally extending credit facilities to more than 1,100 customers. The country's corporate
Indian fintech startup Navanc raises $1 million in seed funding
Founded in 2021, Navanc plans to use the funds to expand its presence in urban and semi-urban areas of India.
Indian nutritional health startup Power Gummies nets $1.2 million
The company plans to use the funds to launch a zero-sugar product line and expand its range of healthy products.
Indian BNPL startup Snapmint raises $18 million in pre-Series B funding
These funds will support technology upgrades and the launch of new BNPL products.
India's FirstClub raises US$8 million in seed funding
FirstClub aims to launch an omnichannel platform by mid-2025, focusing on premium food.
Israeli SaaS startup Stigg receives US$17.5 million in Series A financing
Stigg plans to double its staff within a year and currently employs more than 20 people.
Microsoft loses $800 million as Cruise Robotaxi shuts down
General Motors plans to increase its stake in Cruise from nearly 90% to more than 97% through stock acquisitions.
India's Rebel Foods raises $210 million in Series G funding
The round was led by Singapore’s Temasek Holdings, with participation from Evolvence.
Lightspeed invests $40 million in Indian solar startup
The new funding will help SolarSquare expand its presence in India from 20 to 50 cities.
CATL, Stellantis to build $430 million electric vehicle battery factory in Spain
The Zaragoza plant will start production in 2026 and produce lithium iron phosphate batteries for medium-sized electric vehicles.
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.
Indian artificial intelligence robot start-up Haber received US$44 million in Series C financing
Founded in 2017, Haber focuses on automating factory processes using robots driven by artificial intelligence.
Axiata and Sinar Mas to merge ID telecom arm in US$650 million deal
Merger talks took more than three years to reach a formal agreement.
Indian venture capital firm launches $47 million fund
The company plans to support 20 to 24 startups in different fields such as space technology and artificial intelligence.
Indian education technology startup Kreedo secures US$1.2 million in debt financing
The funds will help expand the business and manage working capital.
Indian climate tech startup raises $1.45 million in pre-Series A round
Sustainiam provides technology-based carbon footprint management solutions to businesses.
Stride Ventures launches $300 million fund
The fund aims to provide financial support to start-ups across a wide range of industries.
MoneyHero's net profit rebounds to US$5.7 million
This marked a significant improvement from the net loss of $7.2 million in the same period last year.
U.S. approves $610 million in chip subsidies for Micron
This funding is an important component of the American Chip and Science Act.
SenseTime plans to raise US$360 million through rights issue
This financing plan is designed to support SenseTime’s transformation into genAI.