Intudo Ventures led a USD5m Series A for Indonesia-based eatery tech Wahyoo, which digitizes and automates operations for food stalls, with participation from Kinesys Group, Amatil X, Arkblu Capital, Indogen Capital, Selera Kapital, Gratyo Universal Indonesia, and Isenta Hioe. Read more… Read More
Valor Capital, GP Investments, and current shareholders have invested BRL67.7m (approximately USD13m) in Brazil-based receivables company Central de Recebiveis (CERC). Read more… Read More
A consortium of investors led by Meranti ASEAN Growth Fund, a fund managed by Gobi Partners, has agreed to acquire the e-commerce business of Singapore-based Synagie for USD44.8m. The consortium includes Alibaba Singapore and the three co-founders of Synagie. Read more… Read More
Morgan Stanley has reached an undisclosed final close for its North Haven India Infrastructure Fund, which reportedly had an initial target of USD750m and plans to invest in roads, airports, ports, power plants, as well as health care, telecom, and education in India. FMO recently invested USD20m in… Read More
Tencent and Capital Today led a CNY2.5b (approximately USD360m) Series C for China-based fresh produce retailer Yipin Shengxian, with participation from existing investor Eastern Bell Venture Capital. Read more… Read More
Navis Capital Partners has exited its controlling stake in Malaysia-based information and communications technology (ICT) company Strateq via a sale to a subsidiary of Singapore-listed StarHub for MYR130m (approximately USD31m). Navis might receive an additional MYR30m (approximately USD7m) based on Strateq’s performance in 2021. Read more… Read More
Leap Ventures has exited Lebanon-based tech-enabled drone inspection management company NAR Technologies via a sale to US-based B3bar. Read more… Read More
US-based financial software company Intuit has agreed to acquire TradeGecko, a Singapore-based inventory management software platform, for a reported USD80m. The transaction has facilitated an exit for existing shareholders Openspace Partners, Wavemaker Partners, Golden Gate Ventures, and Jungle Ventures. Read more… Read More
South Korea-based PE firm STIC Investments has invested USD200m in Grab, a Singapore-based ride-hailing transport services company reportedly valued at USD14.3b and backed by SoftBank. Read more… Read More
The New York State Common Retirement Fund has committed USD300m to KKR Asia Fund IV. The vehicle, which targets USD12.5b, will make pan-Asia investments with a focus on control buyout transactions. The fund has reportedly raised USD11b to date. Read more… Read More
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