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Lightspeed VP, Tencent, DST Global, GGV Capital, and Altimeter Capital Invest USD280m in Indian B2B Marketplace Udaan
Existing investors Lightspeed Venture Partners, Tencent Holdings, DST Global, GGV Capital, and Altimeter Capital, and new investors Octahedron Capital and Moonstone Capital have invested USD280m in India-based B2B e-commerce firm Udaan. Read More
Access Bridge Ventures Reaches First Close for MENA VC Fund
Access Bridge Ventures has reached an undisclosed first close for its debut fund. The vehicle, which aims to raise USD25m, will invest in high-growth tech startups from Saudi Arabia, UAE, Egypt, Pakistan, and the wider MENA region. Read More
CITIC PE, CICC, and Primavera Lead USD279m Series C for Chinese AI Chip Designer Enflame
CITIC PE, CICC Capital, and Primavera Capital led a CNY1.8b (approximately USD279m) Series C for China-based AI chip designer Enflame Technology, with follow-on from Tencent Holdings, Summitview Capital, and Redpoint Ventures China. Read More
Openspace Ventures, Northstar, Alpha JWC, and Others Invest Pre-Series B for Indonesian Edtech Zenius
New investors Openspace Ventures and Alpha JWC Ventures and existing investors the Northstar Group, Kinesys, and BeeNext have invested an undisclosed pre-Series B round for Indonesia-based edtech Zenius Education. Read More
Endiya Partners Reaches USD75m Final Close for India VC Fund
Endiya Partners has reached a INR5b (approximately USD75m) final close for its second fund. The vehicle will make early-stage investments in startups in the consumer internet services, health care, SaaS, and financial technology sectors. Read More
Fubon Life Insurance Commits USD85m to Coller and Hamilton Lane Funds
Taiwan-based insurer Fubon Life Insurance has committed a combined USD85m to two PE funds: Fubon committed USD65m to Coller International Partners VIII, a vehicle managed by Coller Capital; and USD20m to Hamilton Lane Secondary Fund V. Read More
Mekong Capital Reaches USD246m Final Close for Fourth Fund
Mekong Capital has reached a USD246m final close for MEF IV. The vehicle will make growth equity investments in Vietnamese companies operating in the retail, education, restaurants, consumer services, health care, and fast-moving consumer goods sectors. Read More
Oria Capital Invests USD7.7m in Brazilian PRtech Knewin
Oria Capital has invested BRL40m (approximately USD7.7m) in Knewin, a Brazil-based PRtech providing solutions for public relations and marketing. Read More
Sequoia India Leads USD30m Investment in Indonesian Digital Investment Platform Bibit
Sequoia Capital India led a USD30m investment in Indonesia-based digital investment platform Bibit, with follow-on from East Ventures, EV Growth, AC Ventures, and 500 Startups. Read More
Westbridge Exits Indian Gaming and Sports Media Company Nazara Technologies to Plutus Wealth Management
Westbridge Capital has exited India-based gaming and sports media company Nazara Technologies to Plutus Wealth Management via a share sale worth INR5b (approximately USD68.5m). Read More
Warburg to Invest USD100m in Indian Consumer Electronics Startup BoAt
Warburg Pincus has agreed to invest USD100m in BoAt, an India-based consumer electronics startup which sells low-cost bluetooth speakers and other personal electronics products. Read More
Trustbridge Leads USD500m Investment in Chinese Healthtech DXY
Trustbridge Partners led a USD500m funding round for China-based healthtech DXY, with participation from Tencent and GL Ventures. Read More