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Hillhouse, Boyu and Sequoia China Invest USD2b+ Round for Indonesia’s J&T Logistics
Hillhouse Capital, Boyu Capital and Sequoia Capital China have invested a USD2b+ round for Indonesia-based logistics and courier service J&T Express. Read More
Mountain Nazca Leads USD2.4m Pre-Seed Round for Mexico’s Meru
Mountain Nazca led a USD2.4m pre-seed round for Meru, a Mexico-based B2B marketplace for Asian products, with participation from Ricardo Weder (Jüsto), Roger Laughlin (Kavak) and David Geisen (Mercado Libre). Read More
TPG, ChrysCapital and Premji Invest USD315m in India’s FirstCry; Elevation Capital, Vertex Partners and MegaDelta Exit
TPG Growth, ChrysCapital and Premji Invest have invested USD315m in India-based baby product retailer FirstCry at a reported valuation of USD1.9-2.1m, facilitating an exit for Elevation Capital, Vertex Partners and MegaDelta Capital Advisors. Read More
Sorenson Capital Leads USD140m Series D for Indian Customer Service Analytics Platform Uniphore
Sorenson Capital Partners led a USD140m Series D for Uniphore Software, an India-based customer service analytics platform, with participation from Cisco Investments and follow-on from Chiratae Ventures and March Capital Partners. Read More
Morgan Stanley Private Equity Asia and Sichuan Pharmaceuticals to Sell 80% Stake in China’s Huaiyin Hospital for ~USD134m
Morgan Stanley Private Equity Asia and Sichuan Pharmaceuticals have agreed to sell their 80% stake in China-based Huaiyin Hospital for CNY882.8m (~USD134.3m). Read More
Ping An Insurance, New World Development and Country Garden VC Lead ~USD410m Series B for Chinese AI Chip Company Biren Technology
Ping An Insurance, New World Development and Country Garden Venture Capital led a CNY2.7b (~USD410m) Series B for China-based AI chip manufacturer Biren Technology, with participation from Source Code Capital, Guosheng Group, Harvest Capital Management, China Merchants Capital, BAI, CITIC Securities Investment, Yijing Capital, Greater Bay Area Homeland Investments, Russia-China Investment Fund, MSA Capital and China Growth Capital. IDG Capital,… Read More
Kaya VC Reaches USD80m Final Close for CEE VC Fund
Kaya VC (formerly Enern) has reached a EUR72m (~USD80m) final close for its fourth fund. The vehicle is sector agnostic and will target investments in startups in Prague, Warsaw and the wider CEE region. Read more here and h Read More
Mekong Capital Invests in Vietnamese Chocolate Maker Marou
Mekong Capital, through its Mekong Enterprise Fund IV, has invested an undisclosed amount in Vietnam-based chocolate maker Marou Chocolate Company. Read More
JAFCO Asia and Chiratae Ventures Invest USD3.5m Pre-Series A in Indian Skill Development Platform Uable
JAFCO Asia and Chiratae Ventured led a USD3.5m pre-Series A for Uable, an India-based skill development platform for children, with follow-on from 3one4 Capital. Read More
Recharge Capital Leads USD7.2m Seed Round for Pakistani Fintech SadaPay
Recharge Capital led a USD7.2m seed round for Pakistan-based fintech SadaPay, with follow-on from Kingsway Capital, Raptor Group and angel investors. Read More
Mid Europa Acquires Lithuanian E-Commerce Platform Pigu
Mid Europa Partners has agreed to acquire Lithuania-based e-commerce platform UAB Pigu (Pigu) from MCI.Techventures and minority shareholders for an undisclosed amount. Mid Europa has also agreed with MCI.Euroventures and the founding shareholders of Pigu and Finland-based e-commerce platform Hobby Hall Group OÜ (HHG) to combine Pigu and HHG. Read More
Finch Capital Acquires Wirecard Turkey
Finch Capital, through Nomu Pay, has agreed to acquire Wirecard Turkey, a subsidiary of Wirecard, for an undisclosed amount. The acquisition is subject to regulatory approval. Read More