SoftBank Vision Fund 2 Invests USD1.7b in South Korea’s Yanolja
SoftBank Vision Fund 2 invested USD1.7b in Yanolja, a South Korea-based travel and leisure platform. Read more… Read More
Temasek, GGV Capital, Others Invest USD20m Seed Round Extension for Singapore’s Next Gen Foods
Singapore-based producer of plant-based protein Next Gen Foods raised a USD20m seed round extension from existing investors Temasek and K3 Ventures as well as new investors GGV Capital, Chinese agriculture and foodtech venture fund Bits x Bites, food and beverage company Yeo Hiap Seng and angel investors. Read more… Read More
GIC, CPP Investments, SoftBank and Walmart Lead USD3.6b Round for India’s FlipKart
GIC, Canada Pension Plan Investment Board, SoftBank Vision Fund 2 and Walmart led a USD3.6b round for India-based e-commerce company Flipkart, with participation from DisruptAD, Qatar Investment Authority, Khazanah Nasional Berhad, Tencent, Willoughby Capital, Antara Capital, Franklin Templeton and Tiger Global Management, at a reported USD37.6b valuation. Read more… Read More
Malaysia’s iMedia Acquires 500 Startups- and Gobi-Backed Favful
Malaysia-based integrated digital media group iMedia acquired 100% of Favful, a Malaysia-based beauty e-commerce platform backed by 500 Startups and Gobi, for an undisclosed amount. Read more… Read More
Temasek and Multiples Lead USD192m Series F for Indian Grocery Platform Licious
Temasek Holdings and Multiples Alternate Asset Management led a USD192m Series F for Licious, an India-based grocery platform for meat and seafood, with follow-on from 3one4 Capital, Bertelsmann India Investments, Vertex Growth Fund and Vertex Ventures. Read more… Read More
Tiger Global Leads ~USD103m Series D for Indian Auto Resale Marketplace Spinny
Tiger Global Management led a INR7.7b (~USD103m) Series D for India-based auto resale marketplace Spinny, with participation from Avenir Growth, Kaiser Foundation, Kaiser Permanente, General Catalyst and FJ Labs. Read more… Read More
Aspex Management, DST Global, Sequoia China and Hillhouse Lead USD200m Series F for South Korea’s Kurly
Aspex Management, DST Global, Sequoia Capital China and Hillhouse Capital led a USD200m Series F for South Korea-based online grocery delivery startup Kurly, with participation from Millennium Management and CJ Logistics Corporation, at a reported USD2.2b valuation. Read more… Read More
Baring PE Exits South Korea’s Logen via Sale to Dae Myung Chemical for ~USD300m
Baring Private Equity Asia exited South Korea-based parcel delivery firm Logen via a sale to South Korea-based fashion mall operator Dae Myung Chemical for KRW340b (~USD300m). Read more… Read More
Temasek and Warburg Invest USD500m Pre-IPO Round for India’s Ola
Temasek and Warburg Pincus invested a USD500m pre-IPO round for Indian ride-hailing company Ola. Read more… Read More
ACON Exits Brazil’s Conexão via Sale to Grain Management
Acon Investments, through its Latin America Opportunities Fund IV, completed the sale of Brazil-based high speed internet service providers Conexão Group to Grain Management. Terms of the transaction were not disclosed. Read more… Read More
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