India-based Inflexor Ventures reached a INR6b (~USD80m) final close for its Inflexor Technology Fund, surpassing its initial target of INR5b (~USD67m). The fund is sector agnostic with a primary focus on B2B enterprise startups leveraging deep technology. Read more… Read More
The Carlyle Group, King Street Capital Management and Davidson Kempner agreed to take a majority stake in Maldives-based seaplane operator Trans Maldivian Airways (TMA). Carlyle, through its Global Credit platform, led the restructuring of TMA’s debt. Read more… Read More
Activant Capital Group led a USD180m Series A for Singapore-based insurtech bolttech, with participation from Alpha Leonis Partners, Dowling Capital Partners, B. Riley Venture Capital, Tarsadia Investments and Tony Fadell (Future Shape), at a reported USD1b+ valuation. Read more… Read More
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
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