TPG led a USD80m Series D+ for Zenoti, an India-based software provider for the spa and wellness industry, at a reported USD1.5b valuation. Advent International led the company’s USD160m Series D in December 2020. Read more… Read More
TPG Capital Asia led a USD220m round for China-based offline-to-online pharmaceutical platform Dingdang Health, with participation from OrbiMed, Redview Capital, Summer Capital, Valliance Asset Management, Yingke PE and Orchid Asia. Read more… Read More
In July 2018, Mekong Capital invested in Pizza 4P’s, a Vietnam-based restaurant chain known for its sustainably sourced local ingredients. In collaboration with Mekong, Pizza 4P’s intensified its focus on sustainability by eliminating plastic straws, incorporating compostable plastic bags, further expanding its farm-to-table concept and launching a zero-waste restaurant… Read More
Chubby Bear, a China-based B2B trading platform for home furnishing materials has raised USD400m from CMC Capital Group and SoftBank. CMC Capital Group led the company’s Series C while SoftBank Vision Fund 2 led the Series C+. Other investors include Matrix Partners China, Genesis Capital, Tencent Holdings, Hundreds Capital, Immensus… Read More
Tiger Global led a USD35m round for GoMechanic, an India-based platform for car services and car parts, with follow-on from Sequoia Capital, Orios Venture Partners and Chiratae Ventures. Read more… Read More
Orchid Asia has reached a USD1.1b first close for Fund VIII. The vehicle, which has an initial target of USD1.6b, will provide growth capital to companies looking to build franchises in the consumer, technology, education and healthcare sectors in China. Read more… Read More
Primavera Capital Group has agreed to acquire the China infant formula and child nutrition business of UK-based consumer goods maker Reckitt Benckiser Group for an enterprise value of USD2.2b. Read more… Read More
KV Asia Capital has reached a USD100m first close for its second Southeast Asia PE fund. The vehicle has an initial target of USD300m and will primarily focus on buyouts in Southeast Asia, with an emphasis on Malaysia, Indonesia and Vietnam. Read more… Read More
Oceanpine Capital has reached a CNY2b (~USD312m) final close for its Hardcore Technology Investment Fund. Read more… Read More
Fortune Capital has reached a CNY5.5b (~USD858m) first close for its CNY-denominated fund targeting CNY6.8b (~USD1.1b). Fortune invests across multiple stages in both traditional and high-tech industries and the latest fund will follow the firm’s existing strategy. Read more… Read More
(default archive template)