The owner of India's biggest fantasy sports company is closing Dream Capital as it cuts costs amid a stringent new tax and portfolio company struggles.

Shangqi Huirong Shangcheng Yihao Industry Fund’s second close counts SAIC Motor Financial Holding Management unit among its LPs.

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.

Amiyandra Suratman has left Telkom Indonesia’s CVC unit and joined 1982 Ventures as regional platform and ecosystem lead.

Tim Romero has spent most of his career in Japan as a founder, podcaster and startup investor.

The week saw two billion-dollar rounds for the first time since the 2021 boom, but Anthropic and Rox Motor typify the top of a market increasingly concentrated in two areas.

Justina Chung, who invested for SoftBank Vision Funds for three years, has joined financial VC firm Bessemer Venture Partners to focus on European AI startups.

The MDI Ventures-backed VC funds Arise and Centauri have merged to form the new fund targeting climate and healthcare sectors in the South East Asia.

The Asian banks have pumped a total of almost $240m into newly launched funds, both of which have artificial intelligence as a key target area.

The CVC unit’s main focus includes growth-stage web3 projects, having already backed companies including Crystal Fun and Mythic Protocol.