South Korea-based edtech Mathpresso raised a USD50m Series C from Yellowdog, GGV Capital, Goodwater Capital, KDB and SKS Private Equity, with follow-on from existing investors including SoftBank Ventures Asia, Legend Capital, Mirae Asset Venture Investment and Smilegate Investment. Read more… Read More
Trifecta Capital invested a INR1b (~USD13.5m) debt round for India-based auto resale marketplace Cars24. Read more… Read More
China-based ride-hailing company Didi Chuxing raised USD4.4b in its US IPO. SoftBank, Uber and Tencent are Didi’s primary shareholders. Read more… Read More
Tiger Global Management and Indian food delivery giant Zomato agreed to invest USD120m in India-based online grocery delivery platform Grofers at a reported valuation of USD1b+. Read more… Read More
Insitor Partners led an undisclosed seed round for Pakistan-based fintech CreditFix. This is Insitor Partners’ first investment in Pakistan. Read more… Read More
Actis signed a joint venture agreement with Vietnam-based environmentally friendly plastic producer An Phat Holdings. As part of the agreement, Actis will invest USD20m in An Phat Complex, a subsidiary of An Phat Holdings, to support the development of An Phat 1 Industrial Park. Read more… Read More
Tencent made a ~USD40m debt investment in Gaana, an India-based music streaming platform. Tencent first invested in 2018. Read more… Read More
A consortium of investors led by Quadria Capital and including Gulf Islamic Investments reportedly invested up to USD120m in Encube Ethicals, an India-based contract development and manufacturing firm for topical drugs. The transaction facilitated a full exit for Multiples Alternate Asset Management. Read more… Read More
Youshan Capital and China Merchants Capital led a CNY395m (~USD61m) Series B for Han’s Robot, a China-based manufacturer of industrial robots, with participation from CNPC Capital, TopoScend Capital and Founder Securities Capital. Read more… Read More
Fireside Ventures and an undisclosed international investor led a USD40m seed round for India-based e-commerce aggregator 10club, with participation from HeyDay, PDS international, Class 5 Global, Secocha Ventures and boAt founders Aman Gupta and Sameer Mehta. Read more… Read More
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