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GSR Ventures Participates in CNY300 Million Series B Round for Yunnex (Asia)
Venture capital firm GSR Ventures has participated in a CNY300 million (approximately US$45 million) Series B round for China-based point-of-sale solution provider Yunnex. Japan-based fast food restaurant chain Ajisen Ramen also participated in the round. Yunnex will use the new capital for research and development, as well as market expansion. Read More
Capital Square Partners Buys Majority Stake in Indecomm Global Services (Asia)
India- and Southeast Asia-focused private equity firm Capital Square Partners has acquired a 55 percent stake in India-based IT services provider Indecomm Global Services for US$90 million. India-focused investment firm WestBridge Capital Partners, global investment firm Tiger Global Management and development finance institution International Finance Corporation sold their stakes in Indecomm to Capital Square Partners as part of the acquisition.… Read More
Nordwind Capital Leads Financing Round for Iran-based ChapAgha.com (MENA)
Private equity firm Nordwind Capital has led a financing round for Iran-based online printing services provider ChapAgha.com (Mr. Print). The company will use the new capital to acquire new printers, expand its product line and develop a mobile application. Financial details of the transaction were not disclosed. Read More
Mekong Capital Invests in ABA Cooltrans (Asia)
Vietnam-focused private equity firm Mekong Capital has invested in Vietnam-based cold chain logistics specialist ABA Cooltrans through Mekong Enterprise Fund III. With Mekong Capital’s support, ABA Cooltrans will strengthen its management team, incorporate best practices and improve service quality. Financial details of the transaction were not disclosed. Read More
KKR, Warburg Pincus, Farallon Capital &Capital Group Private Markets Agree to Invest in Go-Jek(Asia)
Private equity firms KKR, Warburg Pincus, Farallon Capital Management and Capital Group Private Markets have agreed to invest US$550 million in Go-Jek, an Indonesia-based on-demand motorcycle ride-hailing, food delivery, courier and lifestyle services platform. An unspecified number of previous investors also participated in the round. KKR invested through its Asian Fund II and Warburg Pincus invested through Warburg Pincus Private… Read More
Yunfeng Capital and Sequoia Capital Participate in US$100 Million Series C Round for VIPKID (Asia)
China-based online English education platform VIPKID has raised a US$100 million Series C round of funding from private equity firm Yunfeng Capital and venture capital firm Sequoia Capital. At least one other undisclosed venture capital firm also participated. VIPKID will use the new funding to acquire more users in the five- to twelve-year-old age group and to hire more English… Read More
Tanzania-based Off Grid Electric Raises US$18m from Helios and responsAbility (Sub-Saharan Africa)
Tanzania-based solar electricity provider Off Grid Electric has raised a total of US$18 million from Africa-focused private investment firm Helios Investment Partners and impact investment firm responsAbility Investments. Helios committed US$10 million and responsAbility provided US$8 million in debt financing. The firms’ investments will be used to support the rollout of Off Grid’s distributed solar home and batteries product. Read More
Warburg Pincus Agrees to Invest US$125 Million in Stellar Value Chain Solutions (Asia)
Global private equity firm Warburg Pincus has agreed to invest US$125 million in India-based third-party logistics platform Stellar Value Chain Solutions. Stellar aims to provide integrated logistics services, including multi-user modern warehousing, primary and secondary distribution, e-fulfillment and cold storage. Read More
Da Vinci Capital Invests US$40 Million for Minority Stake in Softline (CEE and CIS)
Da Vinci Capital, an independent asset manager focusing on mid-market private equity investments in Russia and the Commonwealth of Independent States, has acquired a minority stake in Russia-based IT solutions and services provider Softline for a reported US$40 million. Da Vinci invested through Da Vinci Private Equity Fund II and Da Vinci Pre-IPO Fund. Softline will use the new capital… Read More
Sequoia Capital, Omidyar and Kae Capital Participate Series E Round for Healthkart (Asia)
Venture capital firm Sequoia Capital has led an INR800 million (approximately US$12 million) Series E round for India-based online health products vendor Healthkart. Philanthropic investment firm Omidyar Network and India-focused venture capital firm Kae Capital also participated in the round. Healthkart will use the new capital to support its marketing initiatives and offline expansion. Read More
Carousell Raises US$35 Million Series B from Rakuten Ventures, Sequoia Capital, and Others (Asia)
Rakuten Ventures, the corporate venture arm of Japanese e-commerce and internet company Rakuten, has led a US$35 million Series B round for Singapore-based online market application Carousell. Venture capital firms Sequoia Capital, Golden Gate Ventures and 500 Startups also participated in the round. Carousell will use the new capital to expand internationally. Read More
Investisseurs & Partenaires Invests in Enko Education, Baraji and Africa Radio (Sub-Saharan Africa)
Sub-Saharan Africa-focused impact investment group Investisseurs & Partenaires (I&P) and development finance institution Proparco have participated in a US$2.2 million Series A round for South Africa-based private school network Enko Education. Each investor committed US$1.1 million. Enko will use the new capital to fund the operation of its existing schools, as well as launch new schools. Separately, I&P invested in… Read More