Sameer Nath, co-founder and a managing partner at Indian VC firm Iron Pillar, has spun out to form TrueScale Capital, which will follow a similar venture growth remit.
Three members of Iron Pillar's Mumbai team including CFO Sameer Sheth – have joined TrueScale, while Karan Ahuja has been recruited as a principal based in Bangalore. Nath will remain a managing partner...
Svolt Energy Technology, formerly the battery business unit of Chinese automaker Great Wall Motor, has raised a RMB3.5 billion ($542 million) Series A round featuring a string of government-linked investors.
Tiger Global Management has led a $100 million Series C round for India’s Infra.Market, valuing the construction materials marketplace at $1 billion.
Moore Threads, a Chinese chip designer established as recently as last October by a team from Nvidia, has closed two funding rounds amounting to several billion renminbi.
FountainVest Partners has agreed to acquire a majority stake in China-based CJ Rokin Logistics from Korea’s CJ Logistics for KRW733.8 billion ($661.3 million).