Sofina and the wealth management platform of CDH Investments led a USD50m Series D for Petkit, a China-based manufacturer of smart devices for pets, with follow-on from GGV Capital, Qiming Venture Partners, Atlas Capital, Ince Capital and Kunyan Capital. Read more… Read More
Temasek led a USD185m round for India-based edtech upGrad, with participation from IFC and IIFL, at a reported USD1.2b valuation. The first USD120m tranche of the round was completed in April 2021. Read more… Read More
Boyu Capital and Janchor Partners led a USD309m Series C for MediTrust Health, a China-based online healthcare payment and pharmacy platform, with participation from Lilly Asia Ventures, Lake Bleu Capital, Bank of China, AIHC Capital, China Everbright, New Alliance Capital, B Capital Group and CICC Capital, and follow-on from Shanghai… Read More
SoftBank Latin America Fund and Tencent led a USD350m Series D for Argentina-based fintech Ualá at a USD2.45b reported valuation, with participation from monashees, Ribbit Capital, Greyhound Capital, Endeavor Catalyst, D1 Capital Partners, Soros Fund Management, Goldman Sachs Asset Management and others. Read more… Read More
MBK Partners fully exited its 100% stake in Doosan Machine Tools, a South Korea-based manufacturer of turning centers, machining centers and other precision machine tools, to DTR Automotive, South Korea-based manufacturer of batteries, tires and auto parts, for USD2.05b. Read more… Read More
EV Growth and Quona Capital invested a USD17.5m round for Indonesia-based P2P lending platform ALAMI, with follow-on from AC Ventures and Golden Gate Ventures. Read more… Read More
Stellaris Venture Partners reached a USD225m final close for its second India-dedicated fund, targeting seed and Series A opportunities. Read more… Read More
Orbimed and HOPU Investments led a USD400m Series D for XtalPi, a China and US-based, AI-based drug molecule designer, with participation from Sino Biopharma and follow-on from Sequoia Capital China and 5Y Capital. Read more… Read More
Accel and SoftBank Vision Fund II led a USD650m Series E for Eruditus Learning, an India-based edtech for executive-level courses, at a reported USD3.2b valuation, with participation from CPP Investments and follow-on from Prosus Ventures. The round reportedly included USD220 in secondaries providing exits for early investors. Read more… Read More
India-based Verse Innovation, which operates the Dailyhunt and Joshapps, raised a USD450m Series I from Siguler Guff, Baillie Gifford and Carlyle Asia, with follow-on from Sofina Group, QIA and B Capital Group. Read more… Read More
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