Invesco Developing Markets Fund led a USD155m Series C for Brii Biosciences, a China-focused drug developer with operations in China and the US, with participation from GIC and Lake Bleu Capital. Read more… Read More
Pacific Alliance Group (PAG) has agreed to acquire an additional 10% stake in India-based Edelweiss Wealth Management, which includes the wealth management, investment banking and capital market businesses of Edelweiss Global Investment Advisors, from existing investors Kora Management and Sanaka Capital, bringing its overall investment in the company… Read More
D1 Capital led a USD425m Series D for Brazilian proptech Loft at a USD2.2b valuation, with participation from Advent International, Altimeter Capital Management, Canada Pension Plan Investment Board, DST Global, GIC, Silver Lake, Soros Fund Management, Tarsadia and Tiger Global Management. Existing investors Andreessen Horowitz, Caffeinated Capital, Fifth… Read More
Sequoia Capital India led a USD45m Series D for Purplle, an India-based e-commerce platform for beauty products, with follow-on from Verlinvest, Blume Ventures and JSW Ventures. Read more… Read More
EBRD and Goldman Sachs have made an undisclosed investment in Turkey-based digital payment system provider DgPays. Read more… Read More
M Capital Management has reached a USD30.85m final close for M Venture Partners, its debut fund focused on early-stage investments in Southeast Asia. Read more… Read More
Bain Capital has invested USD200m in Newlink Group, a China-based startup that helps drivers find gas stations and vehicle charging points through its online platform. Read more… Read More
Openspace Ventures led a USD20m pre-Series B for Pluang, an Indonesia-based fintech providing consumer savings and investment products, with participation from Gojek’s Go Ventures and other returning investors. Read more… Read More
Warburg Pincus has partially exited its stake in India-based jewellery company Kalyan Jewellers via the company’s INR11.75b (~USD161m) IPO on the NSE and BSE. Warburg sold shares worth INR2.5b (~USD34m). Read more… Read More
Accel led a USD90m Series D for Nuvemshop, a Brazil-based e-commerce platform for SMEs with operations in Mexico, Brazil and Argentina, with participation from ThornTree Capital and follow-on from KaszeK Ventures, Qualcomm Ventures and others. KaszeK and Qualcomm led the company’s USD30m Series C in October 2020. Read More
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