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LeapFrog Exits India’s Poonawalla Fincorp for ~USD32m
LeapFrog Investments exited India-based non-banking financial company Poonawalla Fincorp by selling its remaining shares on the NSE for INR2.38b (~USD32m) Read More
Insight Partners Lead USD225m Series D for India’s Postman
Insight Partners led aUSD225m Series Dfor Postman, an India-based API development platform, at a ~USD5.6b reported valuation, with participation from Coatue, Battery Ventures and BOND, and follow-on from CRV and Nexus Venture Partners. Read More
Faering and Premji Lead USD40m Series C for India’s Smallcase
Faering Capital and Premji Invest led a USD40m Series C for Smallcase, an India-based wealth management app, with participation from Amazon, Sequoia India, Blume Ventures, Beenext, DSP Group, Arkam Ventures, WEH Ventures and HDFC Bank. Read More
Walmart, Tencent and Tiger Global Invest USD350m in India’s PhonePe
Walmart, Tencent and Tiger Global invested USD350m in India-based digital payments company PhonePe. The investment is part of a USD700m round announced in December 2020. Walmart contributed USD283.5m, while Tencent and Tiger Global injected USD50m and USD16.5m, respectively. Read More
Affirma to Invest USD100m in South Korea’s Metanet T Platform
Affirma Capital, through Ascenta V, agreed to invest USD100m in Metanet T Platform, a South Korea-based cloud managed service provider. Read More
Sofina and CDH Investments Lead USD50m Series D for China’s Petkit
Sofina and the wealth management platform of CDH Investments led a USD50m Series D for Petkit, a China-based manufacturer of smart devices for pets, with follow-on from GGV Capital, Qiming Venture Partners, Atlas Capital, Ince Capital and Kunyan Capital. Read More
Temasek, IFC and IIFL Invest USD185m in Indian Edtech upGrad
Temasek led a USD185m round for India-based edtech upGrad, with participation from IFC and IIFL, at a reported USD1.2b valuation. The first USD120m tranche of the round was completed in April 2021. Read More
Boyu Capital and Janchor Partners Lead USD309m Series C for Chinese Healthtech MediTrust Health
Boyu Capital and Janchor Partners led a USD309m Series C for MediTrust Health, a China-based online healthcare payment and pharmacy platform, with participation from Lilly Asia Ventures, Lake Bleu Capital, Bank of China, AIHC Capital, China Everbright, New Alliance Capital, B Capital Group and CICC Capital, and follow-on from Shanghai Industrial Investment, Sinovation Ventures, China Renaissance and Marathon Venture Partners.… Read More
SoftBank and Tencent Lead USD350m Series D for Argentine Fintech Ualá
SoftBank Latin America Fund and Tencent led a USD350m Series D for Argentina-based fintech Ualá at a USD2.45b reported valuation, with participation from monashees, Ribbit Capital, Greyhound Capital, Endeavor Catalyst, D1 Capital Partners, Soros Fund Management, Goldman Sachs Asset Management and others. Read More
MBK Exits Doosan Machine Tools via Sale to DTR Automotive for USD2.05b
MBK Partners fully exited its 100% stake in Doosan Machine Tools, a South Korea-based manufacturer of turning centers, machining centers and other precision machine tools, to DTR Automotive, South Korea-based manufacturer of batteries, tires and auto parts, for USD2.05b. Read More
EV Growth and Quona Capital Invest USD17.5m in Indonesian P2P Lender ALAMI
EV Growth and Quona Capital invested a USD17.5m round for Indonesia-based P2P lending platform ALAMI, with follow-on from AC Ventures and Golden Gate Ventures. Read More
Stellaris Reaches USD225m Final Close for India VC Fund
Stellaris Venture Partners reached a USD225m final close for its second India-dedicated fund, targeting seed and Series A opportunities. Read More