APAC: Facebook and Microsoft have joined with investment firm Allotrope Partners to launch a finance facility to catalyze investments in renewable energy microgrids.
Australia: The SproutX Venture Capital Fund, to be managed by Artesian Venture Partners, will invest in agtech startups accepted into SproutX’s accelerator programs over the next four years.
Singapore: Cap Vista Private Limited (Cap Vista), the strategic investment arm of the Defence Science and Technology Agency of Singapore (DSTA) entered into an investment partnership with a Canadian accelerator, TandemLaunch.
Singapore: Government investment vehicle EDBI and Dutch consumer technology giant Royal Philips said they will accelerate their joint investment alliance and co-invest in high-potential digital health companies.
Vietnam: CMC Corporation, one of the major technology companies based in Vietnam, on February 26 launched a VND50 billion ($2.2 million) startup fund – the CMC Innovation Fund (CIF).
India: Airmed Path Labs, a home-service health-test platform, has raised about Rs 10 crore from Bennet Coleman and Co. Ltd.’s (BCCL) investment arm Brand Capital to help fund its expansion and strengthen its brand.
India: The Mahindra Group on Thursday launched Carworkz, a car workshop aggregator. During beta-testing phase, the startup had signed up 1,000 workshops and 5,000 registered users.
China: Ramping up its efforts to become a dominant Fintech hub in Asia, a 10 billion yuan (approx. $1.5 billion) fund was launched in Beijing, China, focusing mergers and acquisitions in the sector while seeking to nurture enterprises and startups in the industry.
India: IT services company Infosys has announced to invest $4.6 Mn (INR 31.6 Cr) in Bengaluru based early-stage venture capital firm Stellaris Venture Partners. This investment is towards the first close of Stellaris’ fund and is in the form of Limited Partner (LP) interest, being routed through its Innovation Fund.
India :Infosys Ltd has invested 14.92 millon Danish krone (Rs 14.5 crore) from its “innovation fund” in UNSILO, a Danish artificial intelligence start-up focused on advanced text analysis.