India
Investors including Prosus, General Atlantic, Peak XV say they are “deeply concerned about the stability of the company”.
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Singapore
Cui left ONE’s board of directors in September 2020 but remains a shareholder of the firm.
Greater China
Qiyuan partners with companies like CATL, the world’s largest battery maker for electric vehicles (EVs).
Philippines
PLDT, GIC and KKR doubled down on the firm formerly known as Voyager Innovations.
Rest of Asia
The software unicorn has onboarded over 100 venture capitalists and startups from the region on its platform.
The fundraising could value Carro, which has valuation of over $1b, even higher.
Hong Kong-listed NetDragon invested in Rokid.
ONE has not raised any funds since its $150m round co-led by QIA in 2021.
InCred is backed by KKR, ADIA, and Investcorp, among others.
The firm had announced raising $200m in its Series E round led by StepStone in August.