OTTP Leads USD154m Investment in China’s CD Finance
Ontario Teachers’ Pension Plan (OTTP) led a ~USD154m investment in CD Finance, a China-based provider of microfinance services, with follow-on from ABC World Asia. Read more… Read More
Alkeon Capital and the Korea Development Bank Invest USD410m in South Korea’s Viva Republica
South Korea-based Viva Republica, operator of the fintech app Toss, raised USD410m at a reported USD7.4b valuation from investors including Alkeon Capital Management and the Korea Development Bank, with follow-on from Altos Ventures and Greyhound Capital. Read more… Read More
Softbank Vision Fund 2 Leads USD90m Series D for Indian Enterprise Software Platform WhatFix
SoftBank Vision Fund 2 led a USD90m Series D for India-based enterprise software platform WhatFix, with participation from Eight Roads Ventures, Sequoia India, Dragoneer Investment Group, F-Prime Capital and Cisco Investments. Read more… Read More
General Atlantic Leads Series B for Singapore’s Genesis MedTech Group
General Atlantic led an undisclosed Series B for Singapore-based medical device company Genesis MedTech Group, with participation from CITIC Capital and Lilly Asia Ventures, and follow-on from the majority of shareholders from the company’s Series A. Read more… Read More
KKR to Acquire Controlling Stake in India’s Vini Cosmetics for USD625m
KKR agreed to acquire a controlling stake in India-based personal care and beauty products company Vini Cosmetics from Sequoia Capital and the company’s founder group for USD625m. Read more… Read More
China Renaissance Leads USD100m Series B for Hong Kong’s Amber Group
China Renaissance led a USD100m Series B for Amber Group, a Hong Kong-based crypto asset manager, with participation from Tiger Brokers, Tiger Global Management, Arena Holdings, Tru Arrow Partners, Sky9 Capital, DCM Ventures and Gobi Partners, and follow-on from Pantera Capital, Coinbase Ventures and Blockchain.com. Read more… Read More
Carlyle Sells 5.1% Stake in India’s SBI Cards for ~USD650m
The Carlyle Group sold a 5.1% stake in India-based credit card issuing company SBI Cards & Payment Services for ~INR48.1b (~USD650m) in a bulk deal. In March 2021, Carlyle sold an additional 4% stake for ~INR39b (~USD540m). Read more… Read More
EVX Ventures and Boehringer Ingelheim Venture Fund Lead USD24m Series A for Singaporean Biotech Nuevocor
EVX Ventures and Boehringer Ingelheim Venture Fund led a USD24m Series A for Nuevocor, a Singapore-based developer of cardiac gene therapies, with participation from EDBI, Xora Innovation and SEEDS Capital. Read more… Read More
Venturi Partners Reaches USD100m First Close for Debut Fund
Singapore-based Venturi Partners reached a USD100m first close for its debut fund, which has an initial target of USD150m. The vehicle will invest in fast-moving consumer goods, education and healthcare services in India and Southeast Asia. Read more… Read More
Insight Partners and Tiger Global Lead USD70m Series B for Indian Professional Networking Platform Apna
Insight Partners and Tiger Global led a USD70m Series B for India-based professional networking platform Apna, with follow-on from Sequoia Capital India, Lightspeed India, Greenoaks Capital and Rocketship VC. Read more… Read More
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