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Warburg Pincus- and General Atlantic-led Consortium to Take Chinese Online Classified Ads Marketplace Operator 58.com Private
A consortium of investors led by Warburg Pincus and General Atlantic has agreed to take China-based online classified ads marketplace operator 58.com private. Ocean Link Partners, 58.com CEO Jinbo Yao, and Internet Opportunity Fund (an entity controlled by Yao) participated in the transaction. The deal, expected to close in the second half of 2020, values the company at ~USD8.7b. Read… Read More
Hopu Fund Management-Led Consortium Offers to Take Singapore’s Perennial Private in USD1.1b Deal
Hope Fund Management Company has partnered with shareholders of Singapore-listed real estate and health care firm Perennial Real Estate Holdings, including Wilmar International, in a bid to take the company private. The deal is valued at USD1.1b. Read More
L Catterton and TPG Invest USD850m in Indian Telecom Company Jio Platforms
TPG and L Catterton have invested a combined USD850m in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, joining existing investors Facebook, KKR, General Atlantic, Vista Equity Partners, Mubadala Investment Company, and ADIA. TPG and L Catterton have invested USD600m and USD250m, respectively, for 0.93% and 0.39% stakes. Read More
KaszeK Ventures, monashees, and ONEVC Invest USD4.6m in Brazilian Healthtech Pipo Saúde
KaszeK Ventures, monashees, and ONEVC have made a USD4.6m seed investment in Brazilian healthtech Pipo Saúde. Read More
Nexus Venture Partners Leads USD18m Series A for Indian Enterprise Automation Startup JIFFY.ai
Nexus Venture Partners led a USD18m Series A for US- and India-based enterprise automation startup JIFFY.ai, with participation from Rebright Partners and W250 Venture Fund. Read More
Insight Partners Leads USD150m Series C for Indian SaaS Platform Postman
Insight Partners led a USD150m Series C for India-based SaaS platform Postman, with participation from existing investors CRV and Nexus Venture Partners. Read More
Joyy Leads USD200m Series C for Chinese Fresh Food E-Commerce Platform Tongcheng Life
Chinese social media platform Joyy led a USD200m Series C for China-based fresh food e-commerce platform Tongcheng Life, with participation from Engage Capital, Legend Capital, BAI, GSR Ventures, Oriza Holdings, Welight Capital, and Tongcheng Capital. Read More
Matrix Partners Reaches USD750m Final Close for China VC Fund
China-based VC Matrix Partners has reached a USD750m final close for its sixth VC fund targeting early-stage opportunities in the financial services, internet, and health care sectors across China. Read More
500 Startups Reaches Combined USD32.8m Partial Close for Thailand and South Korea Funds
500 Startups has reached a combined USD32.8m partial close for its Southeast Asia funds. Thailand-focused 500 Tuktuks received USD9m and South Korea-focused 500 Startups Korea received USD23.8m. Read More
Sofinnova Partners Leads USD5.6m Series A for Chilean Biotech Protera
France-based VC Sofinnova Partners led a USD5.6m Series A for Chile-based biotech Protera, with participation from existing investor SOSV. Read More
Sequoia India and Lightspeed Lead USD10.5m Seed Investment in Indonesian Marketplace Ula
Sequoia India and Lightspeed India led a USD10.5m seed investment in Indonesia-based rwholesale marketplace for SMEs Ula, with participation from SMDV, Quona Capital, Saison Capital, Alter Global, and angels including the founding team of Indian B2B marketplace Udaan. Read More
Helios-Backed TPAY Mobile Acquires 100% Stake in Turkish Mobile Payment Platform Payguru
TPAY Mobile, an Dubai-headquartered fintech backed by Helios Investment Partners, has acquired a 100% stake in Turkey-based mobile payment platform Payguru. Read More