TLDR:
- BluSmart raises USD 24 million in pre-Series B funding for electric mobility expansion in India.
- Alphabet in talks to acquire cybersecurity startup Wiz for USD 23 billion to enhance cloud computing segment.
Bringing you the latest updates on funding deals and activities in the Asia Pacific. BluSmart, a Gurugram-based electric mobility startup, has raised USD 24 million in a pre-Series B funding round. The investment saw participation from responsAbility Investments AG, Sumant Sinha, the family office of cricketer Mahendra Singh Dhoni, existing investors, and the founders. The funds will support BluSmart’s expansion plans, including expanding its fleet to 8,000 electric vehicles and building additional charging infrastructure across major Indian cities.
Alphabet, the parent company of Google, is in advanced negotiations to acquire cybersecurity startup Wiz for approximately USD 23 billion. If completed, this acquisition would be Alphabet’s largest to date. The deal comes amid heightened antitrust scrutiny of major tech companies and aims to bolster Alphabet’s cloud computing segment, where it currently lags behind competitors.
Telkomsel Ventures led the investment in Indonesian AI startup Tictag, while Niv Della Beauty Innovations secured USD 2 million in funding for product development and marketing campaigns in the Philippines. Kindred, a women’s health platform in the Philippines, reportedly secured USD 2.5 million in its pre-Series A funding round.
In China, various tech companies like AusperBio, Meet Future, and Jingyun Intelligence have secured significant funding rounds for their operations and expansion plans. These investments showcase the growing interest and support for tech startups in the region.
