US-based software developer Ebix has agreed to buy a majority stake in Indian financial technology firm ItzCash, providing an exit for its VC backers including Lightspeed Venture, Matrix Partners and Intel Capital.
The deal will see Ebix acquire an 80% stake in ItzCash for $120 million in a joint venture with the company’s existing backer, the Indian conglomerate Essel Group, which will retain 20%. A sum of $76...
Singapore-based start-up incubator Antler will launch operations in India later in the year and plans to raise upto $50 million to invest in start-ups in the country.
Genor Biopharma, a Shanghai-based innovative drug developer, has raised $160 million in Series B funding led by Hillhouse Capital.
Fullerton India Credit (FICC), an Indian non-banking financial company (NBFC) owned by Singapore's Temasek Holdings, has raised INR7.5 billion ($100 million) in funding from its parent.
Beam, a Singapore-headquartered ride-sharing platform for e-scooters, has raised $26 million in a Series A funding round led by Sequoia Capital India and Hana Ventures.