TPG’s The Rise Fund, Engie Rassembleurs d’Energies, and The Singh Family Trusts led a USD2.25m pre-Series A for India-based last-mile distribution startup Frontier Markets Consulting, with participation from Teja Ventures and affiliates of the Beyond Capital Fund. Read more… Read More
Temasek, Pavilion Capital, and Jungle Ventures led a USD58m Series E for Indonesia-based beauty-tech startup Social Bella. Read more… Read More
Sequoia Capital India has secured a combined USD1.35b for its India- and Southeast Asia-focused funds, with USD825m for India Growth Fund III and USD525m for Sequoia India Venture Fund VII. Read more… Read More
B Capital and Insignia Venture Partners led a USD53m Series B for Indonesia-based fintech Payfazz, with participation from new investor BRI Ventures and follow on from Tiger Global Management, Y Combinator, ACE & Company, and Quiet Capital. Read more… Read More
Singapore-based alternative asset manager Indies Capital Partners has reached a USD100m first close for its third fund to target structured credit and private equity deals in Southeast Asia, with a particular focus on Indonesia. Temasek’s Pavilion Capital was reportedly an anchor investor. Read… Read More
General Atlantic and XP Controle Participações, the founding holding company of Brazilian brokerage XP, have filed for a secondary share offering of USD1b for up to 22.4 million shares on Nasdaq. Read more… Read More
The Carlyle Group has exited its remaining stake in India-based diagnostic chain Metropolis Healthcare for INR842m (approximately USD11.3m) via a sale to SBI Life Insurance Company, ICICI Prudential Mutual Fund, Aditya Birla Sun Life Mutual Fund, and Sundaram BNP Paribas Mutual Fund. Read more… Read More
Intel Capital has agreed to invest USD253.5m in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 0.39% stake. Jio is now valued at USD65b. Read more… Read More
KKR has agreed to acquire a 54% stake in India-based JB Chemicals & Pharmaceuticals for INR31b (approximately USD415m). The deal, valued at USD500m, will trigger an open offer for an additional 26% that might see KKR owning up to a 64.9% stake in the company. Read more… Read More
The Global Climate Partnership Fund, an emerging markets-focused fund managed by responsAbility Investments, has invested USD10m in India-based solar solutions provider CleanMax to support its expansion into Southeast Asia. Read more… Read More
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