Venture capital firms IDG Ventures India, 500 Startups and advantEdge Partners have led a round of funding for India-based Tripoto Travel, which owns and operates a travel itinerary portal. Individual investors Neeraj Arora, vice president of mobile messaging application WhatsApp, and Leon Seynave, chairman of global investment office Stanhope Capital,… Read More
India- and Southeast Asia-focused private equity and real estate investment firm The Everstone Group has acquired a 51 percent stake in India-based industrial graphics manufacture SJS Enterprises for an estimated INR3.5 billion (approximately US$54 million). Everstone purchased a 26 percent stake in the company from United States-based printing company Serigraph,… Read More
India-focused venture capital firm IDG Ventures India, venture capital firm 500 Startups and India-focused early-stage investor advantEdge Partners have led a Series A financing round for India-based Tripoto Travel, operator of a travel itinerary website. Angel investors Neeraj Arora and Leon Seynave also participated in the round. The company plans… Read More
Global investment firm KKR, China-based e-commerce company Alibaba and China-based insurance company Ping An Group have agreed to invest US$300 million in China-based online marketplace 58 Daojia (“58 Home”), a subsidiary of 58.com, in a Series A funding round. The company will use the capital to enhance its platform with… Read More
Pan-emerging markets private equity firm Actis has sold its remaining stake in India-listed automotive lighting company Phoenix Lamps to auto component manufacturer Suprajit Engineering via an off market sale for INR271.2 million (approximately US$4.2 million). Actis sold its 10.88 percent stake at a share price of INR89 (approximately US$1.40). Read More
Southeast Asia-focused early-stage technology investor NSI Ventures, the venture arm of Southeast Asia-focused private equity fund manager Northstar Group, has closed its debut fund with more than US$80 million in capital commitments. NSI Ventures invests in startups in the areas of consumer applications, fintech, cloud software and smart hardware. Northstar… Read More
Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures has led a SGD4.7 million (approximately US$3.3 million) Series A round for Singapore-based HipVan, an online store for designer furniture. Other investors in the round included early-stage venture capital firm East Ventures, family office LionRock Global and several individual investors. Separately,… Read More
NBK Capital Partners, a private equity and mezzanine fund manager focused on the Middle East and North Africa region, has sold its stake in Turkey-based Kiliç Deniz, an aquaculture company that specializes in sea water and fresh water fish production. The transaction was structured through NBK Capital Equity Partners Fund… Read More
IMAX China, a China-based subsidiary of entertainment technology company IMAX Corporation, has raised HKD1.92 billion (approximately US$248 million) in an initial public offering (IPO) on the Hong Kong Stock Exchange. The company sold 62 million shares at a price of HKD31 (approximately US$4) apiece. China-focused private equity firm FountainVest Partners… Read More
East Africa-focused private equity firm Ascent Capital Africa has reached a final close for Ascent Rift Valley Fund with more than KES8 billion (approximately US$76 million) in capital commitments, exceeding the initial target of KES6 billion (approximately US$57 million). The fund invests in Kenya, Uganda and Ethiopia. Local pension funds… Read More
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