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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
OrbiMed and HOPU Investments Lead USD400m Series D for China’s Xtalpi
Orbimed and HOPU Investments led a USD400m Series D for XtalPi, a China and US-based, AI-based drug molecule designer, with participation from Sino Biopharma and follow-on from Sequoia Capital China and 5Y Capital. Read More
Accel and SoftBank Lead USD650m Series E for Indian Edtech Eruditus
Accel and SoftBank Vision Fund II led a USD650m Series E for Eruditus Learning, an India-based edtech for executive-level courses, at a reported USD3.2b valuation, with participation from CPP Investments and follow-on from Prosus Ventures. The round reportedly included USD220 in secondaries providing exits for early investors. Read More
Carlyle, Sigular Guff, Others Invest USD450m Series I for India’s VerSe Innovation
India-based Verse Innovation, which operates the Dailyhunt and Joshapps, raised a USD450m Series I from Siguler Guff, Baillie Gifford and Carlyle Asia, with follow-on from Sofina Group, QIA and B Capital Group. Read More