India

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.

Ankit Harjai becomes CIO at MountTech Growth Fund after nearly two years at the CVC.

Razorpay has launched a fund backing early-stage B2B software startups across a range of industries, with up to $1m per investment.

Mumbai-based platform Dial4242 provides Indians with an app that can book an ambulance in under 15 seconds, for a cost of just 100 rupees.

Corporates are still investing in startups but valuations have fallen dramatically. Some areas such as China and healthcare have been hit hard.