China-founded D2C children’s wear brand PatPat raised USD510m in Series C and D funding. General Atlantic, Capital Today China Group and the wealth management unit of CDH Investments led the Series C, with participation from SIG, Ocean Link and INCE Capital. DST Global led the Series D, with participation from… Read More
LeapFrog Investments led a USD75m Series C for India-based digital health platform HealthifyMe, with participation from Khosla Ventures and follow-on from existing investors. LeapFrog invested USD30m in the round. Read more… Read More
Hillhouse Capital led a CNY500m (~USD77m) Series A for Xiaoice, a China-based AI chatbox developer spun off from Microsoft, with participation from GGV Capital, IDG Capital, 5Y Capital, NetEase and Northern Light Venture Capital. Read more… Read More
Temasek and Falcon Edge Capital led a USD220m investment in India-based eyewear retailer Lenskart at a reported USD2.5b valuation. The investment is part of a new round that saw KKR invest USD95m in the company in May 2021. Read more… Read More
Creador partially exited its interest in Malaysia-based credit reporting company CTOS Digital via the company’s MYR1.21b (~USD287m) IPO on Bursa Malaysia. Creador sold shares worth MYR792m (~USD188m) and now retains a 40% stake in the company. Read more here and here… Read More
Creador reached a USD500m first close for Creador V. The vehicle has an initial target size of USD600m and will invest in mid-cap businesses across the consumer, healthcare, financial services and business services spaces in South and Southeast Asia. Read more… Read More
Existing shareholders Alibaba, SAIC Motor, CMG-SDIC Capital Management and Yunfeng Capital invested CNY3b (~USD464m) in China-based internet car solution provider Banma Information Technology. Read more… Read More
BlackRock Real Assets acquired South Korea-based offshore wind developer Korea Renewable Energy Development & Operation Holdings (formerly IGIS Private Equity) for an undisclosed amount. Read more… Read More
CMG-SDIC Capital Management and Hong Kong-based contract research organization Tigermed led a USD100m Series D for China-based drug developer Adlai Nortye, with participation from Legend Star, Guolian Fund, Triwise Capital, ATCG and Chinese social video platform Tian Ge Interactive Holdings. Read more… Read More
Hong Kong-based last mile logistics platform Gogox (formerly GoGoVan) raised USD100m led by BOCOM, the international arm of China Bank of Communications, and Cyberport Macro Fund. Read more… Read More
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