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
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… Read More
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
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
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… Read More
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… Read More
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… Read More
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, 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… Read More
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… Read More
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