DEALS in BRIEF： KRUTRIM and ELICE Secure Funding, SoftBank Ventures Asia Closes New Fund, Innoven Capital Launches Second China Fund, and more

Indian Artificial Intelligence Startup Krutrim, Founded by Ola Co-Founder Bhavish Aggarwal, has Seculed USD 50 Million in Funding, Valing the Company Atlum U SD 1 Billion. Matrix Partners India Led The Funding Round, with Participation from Other UndisClosed Investors.Hyderabad Wealth Management

KRUTRIM is ospensibly india ’s first AI Company to Attain unicorn status.

According to VCCircle, KRUTRIM Will Use the Capital to Spur Innovation and Expand Its Reach Globally.Kanpur Stock

The Startup is aiming to create indaugural complete ai computing stack. Notbly. ING that it contains the larget development of indian data in its training datasets.

Elice, a soughth korean AI-Powered Edtech Company, has secured Krw 20 Billion (USD 14.9 Million) in a Series C Funding Led By Vertex Growth, A Growth-Stage V ENTURE CAPITAL FNTAD ANCHORD BY TEMASEK SUBSIDIARY VERTEX HOLDINGS.in this rand.

The Newly Raised Capital Earmarked to Fortify Elice's Organizational Capabilities and Facilities ITS Expansion in The Asia Pacific. Any is Planning to Bolster Its AI Research Capabilities by Construction A Large-SCALE AI Data Center in Busan, where it will actively seek and accountTop-Tier Talent.

"With increasing sophility in it workforce roles and the rapid evolution of it technologies, there is a growing underserved demand for more Advanced (PRACTIC Al workforce education […]. Elice's Platform, Evidenced by ITS IMPRESSIVE GROWTH and ENDORSEMENTS FROMINENT Teaching Institute and Corporate Clients,Stands Out as the only Market Solution Adequately Addressing These Markets and Is Poised to APPEAL to the Overseas WorkForce UpskillingsVaranasi Stock. t, "Said tam hock chuan, general partner at verTex grewth.

From February 1, Softbank Ventures Asia Will Office Rebrand itdelf as sbva, marking the Change FollowIn ITS Acquisition by the Edgeof From Softbank CORP CORP orange in june last year.

This Rebranding Coincides with The Recent Closure of the Firm's 2023 Alpha Korea Fund, Boasting A Total Commitchted of Approximately (USD 1 1 49.6 Million), Surpassing The Incing Target of Krw 100 Billion (USD 74.8 Million).)) Include the Industrial Bank of KOREA (As the Anchor Investor), SBG, Hanwha Life, IBK IndustR Bank, NEXON, And Kb Capital, AMONG OTHers.

Through the 2023 Alpha Korea Fund, SBVA AIMS to Actively Seek Out Early-TO MID-Stage Startups that Leverage Technological Innovations in Areas Such as AI, Rob OTICS, and Computing, Creating Fresh Business Opportunities.

Innoven Capital, a Venture Debt Provider, has unveiled ites second China Fund: Innoven China Fund II, A USD-RMB Dual Currency Fund. Targeting A Total Size of US D 250 Million, The Fund has Completed An Initial Close, Securing Approximately USD 130 MillionThen, then

The LPS Contributing to this Fund Comeders Backgrounds. Innoven Capital, A Joint Venture Between Temasek-OONED Sevio and United Overseas Bank, is TA TA King on the Role of Anchor Investor. AdDitionally, Other LPS Include Local Government Agencies.

With the launch of Innoven China Fund II, Innoven Capital Aims to Broaden ITS PRESENCE in CHINA, FOCUSING on DELIVENTURING VENTURINCINCINCINGINCING TO HIGH-GROWTH and Inno vative startups.

Keisuke Honda, A Former Japanese Football Player, Has Launches The X & KSK Fund, A Fund to Invest in Japanese Startups, An Investment Vehicle Targeting e startups. The deployment of capital is extencted to comment as early as next month.

The Fund has set a GOAL of RAISING JPY 15 BILLION (USD 101.3 Million) by the End of This Year, Primarily from Both DomeStic and Foreign Investors. Ding to Honda, The FFLANS to Invest in Approximately 30 Startups, with the Strategic AimOf IDFying at Least one that will eventually reach a value of usd 10 billion.

This Venture Into the x & KSK Fund is not Honda's First Experience in the Realm of Investments. Prior to this initial, He SuccessFully Operate the KSK ANG ANG ANG ANG ANG El Fund, Which Made Strategic Investments in Three Companies that has since since public. Notable Success Makuake, Anymind Group, And Program. - Bloomberg

Fantuan, An Asian Food Delivery and Lifestyle Service Platform, has acquired the deliver business of Chowbus, An Online Food Delivery Platform. Tion, Chowbus Will Focus on Optimizing its RESTAURANT SOFTWARE-As-A-Service and Point-OF-SALES BusinessSimultaneously, Chowbus Will Partner with Fantuan to Enhance Food Delivery Services Through An Expanded Restaurant Network.

Notbly, This Acquisition Follows Fantuan's Completion of Its Series C Funding Round In December Last Year, when it secured USD 40 MILLION. LED BY GRUBMARket and Celtic House Asia Partners, and Saw Participation from VisionPlus Capital, JSD Capital, and Otherundisclosed backers from North America and China.

Chunqing Technolog, A Subsidary of Hangzhou-Headquartered Automotive Company Gely Holding Group, has such that the D 100 Million at a Pre-Money Valuation of Around USD 1 Billion.its transport capacity for green ethanol. - 36kr

Jiahe Info, a wuhan-based provider of Agriculture-Focused Remote Sensing Solutions, has Bagged Close to RMB 100 MILLION (USD 13.9 Million) in A Series B+ Fu NDING ROMD FROM GAOCHENG CAPITAL. The Funds Will Be Utilized for Promotions and Customer Acquisition. -36KR

Miotech, an ai-AISED SOLUTION PROVIDER, Has Completed ITS Latest Round OF Financing. The Company did not dischalose the amount raise. ERE Also UNDISCLOSED. - 36KR

Kuaizhun Auto Service Network Technology, A Platform for Automotive PARTS and Slutions, has Bankd ApProximately RMB 200 Mills (USD 27.8) in a Series D FUNDING ROMD FROM YUJIANG IndustRIAL Investment Group, Befor Capital, and Jiuxi Capital. - 36KR

Forvision Intelligent Technology, A Suzhou-Based Autonomous Driving Technology Company, has Secured Close to RMB 100 MILLION in a Funding Jointly Led By or OR Iza Private Equity and SND FINANCIAL HOLDINGS. Forvision Will Utilize the Funds for R & D and the Commercial Applications of ITS Technology.- 36kr

Mogic AI, An AI-BASED Marketing Company, Has Secured USD 15 Million in A Series A+ Funding Round Jointly Led By Meitu and Cathay Capital and Zoo Apital Participated in this round. Notbly, Cathay Capital and Zoo Capital WEREADY BACKERS ofMOGIC, HAVING LED and PARTICIPATED in the Company's Series a Round in August Last Year, Respectively. Kr

DXWAND, A Dubai-Based AI Software Company, has Secured USD 4 MILLION in a Series A Funding Round Jointly Led By Shorooq PARGEBRA Ventures, With particip ATION from Existing Investor DFDF. The Funds Raised Will Be Utilized to Expedite the Company's Expansion, witha focus on scaling its r & d effects. --vccircle

CrySp Farms, a dubai-based agritech startup, has raised USD 2.25 Million in a Pre-Series a Funding Led by Gate Capital. From Investors in the Uae and Saudi Arabia. The "Farming-AS-A-Service "Startup Plans to use the capital to facilitive its regional expansion, Specifically in Saudi Arabia, and to deliver committed projects to clients Su Ch as hilton world, jumeirah group, and marriott intermingal. - vccircle

Karty, a doha-based Fintech Startup, has secured USD 2 Million in Seed Funding From Local Investors. h of its e-know product, pending approval from the qara center bank.-vccircle

CREALO, a MOROCCAN COPYRIGHTS Management Platform, has raised USD 1.42 Million in Seed Funding from the 212 Founders Program Under CDG Invest, The INESTMENT of the cdg group. The round also saw participation from Kima Ventures, EVOLEM, Super Capital, and Several AngelInvestors. Crealo Aims to Utilize the Funding to Accelerate Its Growth, SCALE its workforce, and expand its client base. - Vccircle

ARKADIAH Technology, A Provider of Artificial Intelligence-Based Nature RESTATIONS, RAISED An Undisclosed in A SEED FUNDING ROUND LED BY GOLDEN GATE VENTURES. The Round Saw Participation from the Radical Fund and Money FORWARD VENTURE PARTNERS (Hirac Fund).

Sygnum, A DIGITAL Asset Banking Company, RAISED Over USD 40 Million Against An Initial USD 35 Million target in an interm Close of Its Latest Funding Round, LED by By Azimut holding with the support of new and existing investors, including sygnum employees .. The Company'sPost-Money Valuation Stands at USD 900 Million as of this interim close.

Addlly ai, a Singapore-Based Company Specializing in Generation AI, Completed Its SEED FUNDIND AT A VALUATION CAP 5 MILLION 5 MILLION. T disclosed.

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