Asia

The Japanese shipping giant has opened a CVC office in India as the country increasingly becomes a strategic target for shipping companies.

There was a 62% jump in exits for corporate-backed startups in November, with IPOs and acquisitions across a range of geographies and sectors but also some notable bankruptcies.

De-Sign Capital Fund 1 already made an investment in Any, an AI-based enterprise insight management platform producer.

Siemens Energy Ventures’ new members are Munich-based Max Fleischer, Dubai-based Madhu Basu and Berlin-based Mandy Philipp.

Like the first edition, Mitsui Kinzoku-SBI Material Innovation Fund II will be jointly managed by CVC-as-a-service group SBI Investment.

Palida Artispong is moving up at financial services firm Krungsri's corporate venture capital arm, promoted to acting managing director.

After a promising start the Thai startup ecosystem has slowed. Some say too much corporate money may have been part of the problem.

Husk Power Systems has just raised $100m from investors including Shell to build 1,500 solar mini-grids in India and Nigeria in the next four to five years.

Turkey has the ingredients to be a top tech market, but it needs investors to take more risk if its startups are to get past early stage.

The corporates both committed further nine-figure sums to back startups in the rapidly growing Indian venture market.