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
NewQuest Capital Partners acquired a majority stake in India-based animation company Cosmos-Maya from Emerald Media, a vehicle set up by KKR. Details of the transaction were not disclosed. Read more… Read More
India-based fleet management startup LocoNav raised a USD37m Series B from Quiet Capital, Anthemis Group, Sequoia Capital India, Foundamental, RIT Capital Partners, Uncorrelated Ventures, Village Global and others. Read more… Read More
Tiger Global Management led a USD65m Series C for India-based B2B edtech Classplus, with participation from GSV Ventures, Falcon Edge’s AWI, Blume Ventures and RTP Global. Read more… Read More
Warburg Pincus led a USD255m Series C for China-based drug discovery platform Insilico Medicine, with participation from CPE, OrbiMed, Mirae Asset Capital, B Capital Group, Deerfield Management, Maison Capital, Lake Bleu Capital, President International Development Corporation, Sequoia China, Sage Partners, Qiming Venture Partners, Pavilion Capital, Eight Roads Ventures, Lilly Asia… Read More
Actis agreed to acquire two solar power plants in India from Finnish state-controlled firm Fortum Oyj for EUR280m (~USD335m). Read more… Read More
China-based SaaS and supply chain platform Linkedcare raised a combined USD100m Series C2 and Series D. Investcorp led the Series D, with participation from Jinding Capital and Sheng Ye Capital, and follow-on from Matrix China Partners, Lightspeed China Partners and SoYoung. Lightspeed China Partners and SoYoung led the Series C2,… Read More
Victory Park Capital provided an additional USD100m debt facility to Kredivo, an Indonesia-based digital credit platform for retail borrowers. Victory Park Capital originally provided a USD100m debt facility to the company in November 2020. Read more… Read More
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