TLDR:
Key Points:
- Shiok Meats and Umami Bioworks pursuing a merger
- Peak XV Partners launching a perpetual fund
In the latest updates on funding deals and activities in the Asia Pacific, Singapore-based cultivated seafood startups Shiok Meats and Umami Bioworks are pursuing a merger. Y Combinator-backed Shiok Meats will merge with Umami Bioworks, with Mihir Pershad leading the combined entity under the Umami Bioworks name. Peak XV Partners, a venture capital firm, is set to launch a perpetual fund backed by its investment partners. Additionally, DCS Card Centre has secured USD 75 million in asset-backed notes to diversify its offerings through partnerships. Sqreem Technologies has acquired Trade Indy as part of its global expansion plans, while Olam Agri has acquired Avisen to expand into Senegal. LG has invested USD 60 million in Bear Robotics, a startup specializing in AI-driven autonomous service robots.
Around China and India, various funding deals have been completed, including Toursun Synbio, ShengShu, Alpicool Holding Group, Xingzhe AI, and Chuanhai Chineng in China, while Fiona Diamonds, The Quorum Club, and Nanonets in India have also secured funding rounds.
