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EV Growth, Jungle Ventures, Softbank Ventures Asia, and Others Invest USD100m Series B for Indonesian Logistics Startup Waresix
Existing investors EV Growth and Jungle Ventures, and new investors including Softbank Ventures Asia, EMTEK Group, Pavilion Capital, and Redbadge Pacific have invested a USD100m Series B for Indonesia-based logistics startup Waresix. Read More
Warburg Partially Exits Stake in Brazilian Pet Products Retailer Petz via IPO
Warburg Pincus has partially exited its 55.1% stake in Brazil-based pet products retailer Petz via the company’s BRL3b (approximately USD563m) IPO. Warburg originally invested in the company in 2013 and will now retain a 5% stake. Read More
Vertex China Reaches USD438m Final Close RMB-Denominated Fund
Vertex China, a VC affiliated to Temasek-owned Vertex Holdings, has reached a USD438m final close for its first RMB-denominated fund. The vehicle will target investments in deep tech, digital economy, and biomedicine in China. Read More
Silver Lake Invests USD1.02b for 1.75% Stake in Reliance Industries’ Retail Unit
Silver Lake has invested INR75b (approximately USD1.02b) in Reliance Retail Ventures, the retail unit of Indian conglomerate Reliance Industries, for a 1.75% stake. Read More
General Atlantic, ADIA, Mubadala, TPG, GIC, and Silver Lake Co-Investors Invest Combined USD3.4b in Reliance Industries’ Retail Unit
General Atlantic, Abu Dhabi Investment Authority, Mubadala Investment Company, TPG, GIC, and Silver Lake’s co-investors have invested a combined USD3.4b in Reliance Retail Ventures, the retail unit of Indian conglomerate Reliance Industries, for a cumulative 5.65% stake in the company. Read more here and here Read More
China Renaissance Leads USD300m Investment for Chinese Liquor Distiller Jiangxiaobai
China Renaissance led a USD300m investment for China-based liquor distiller Chongqing Jiangxiaobai Liquor Co., with participation from Baillie Gifford & Co. and China Merchants Bank International Capital Corp. Read More
Silver Lake Invests USD500m Series F for Indian Edtech Byju’s
Silver Lake has invested USD500m in the ongoing Series F for India-based edtech Byju’s, with participation from existing investors General Atlantic, Tiger Global, and Owl Ventures. This is the fifth tranche of Byju’s ongoing Series F. Read More
LeapFrog, Allianz X, and CreditEase Lead USD30m Investment in Emerging Markets-Focused Digital Health and Insurtech Solutions Provider BIMA
CreditEase Fintech Investment Fund and existing shareholders LeapFrog Investments and Allianz X, the digital investment unit of the Allianz Group, led a USD30m investment in BIMA, a Sweden-based emerging markets-focused digital health and insurtech solutions provider. Read More
Helios Leads USD60m Series B for Singaporean Fintech Thunes
Helios Investment Partners led a USD60m Series B for Thunes, a Singapore-based fintech which operates a global B2B cross-border payments network, with participation from existing investors GGV Capital and Future Shape, and Checkout.com. Read More
Affinity Equity and BPEA Invest USD966m in South Korean Financial Services Group Shinhan Financial
Affinity Equity Partners and Baring Private Equity Asia have invested a combined USD966m in South Korea-based financial services group Shinhan Financial. Read More
Baring PE India Exits 7.36% Stake in Indian Active Pharmaceutical Ingredients Manufacturer Shilpa Medicare for ~USD41.8m
Baring India Private Equity Fund III has sold a 7.36% stake in India-based active pharmaceutical ingredients manufacturer Shilpa Medicare for INR3.06b (approximately USD41.8m) through an open market transaction. Baring PE India retains a 1.36% stake in the company. Read More
Vickers Venture, ZTC Private Markets, and Singapura Finance Lead USD21m Investment in Singaporean Fintech MatchMove
Vickers Venture Partners, ZTC Private Markets, and Singapura Finance led a USD21m investment in Singapore-based fintech MatchMove, with participation from NTT Investment Partners, Iconic World, and V V Pentafond. Read More