Investcorp has led a $56 million Series C round for Indian managed co-living accommodation platform operator Zolo.
Nexus Venture Partners, Mirae Asset Global Investments, and debt investor Trifecta Capital also participated. It follows a $30 million Series B last year from Nexus, Mirae, and Investcorp-owned IDFC Alternatives....
Pine Labs, an India payments start-up backed by MasterCard, PayPal, and Sequoia Capital India, has acquired Fave, a Malaysian counterpart also backed by Sequoia India, for $45 million.
Southeast Asia-focused ride hailing and local services platform Grab has agreed to go public in the US through a merger with a special purpose acquisition vehicle (SPAC) at an enterprise valuation of $30.4 billion.
Lever VC, a Hong Kong-based food tech investor, has achieved a fourth close of $46 million on its debut fund, claiming 2.3x growth in the value of the portfolio since 2019.