Dolma Fund Management has reached a USD40m first close for its Dolma Impact Fund II. The vehicle has an initial target of USD75m and plans to invest in renewable energy, healthcare, education and technology companies in Nepal. Read more… Read More
Baring Private Equity Asia has sold a 3.14% stake in India-based IT services company Coforge for INR6.16b (~USD84m) via an open markets transaction. Read more… Read More
Source Code Capital led a nearly CNY1b (USD155m) Series C for China-based insurtech Yuanbao, with follow-on from Cathay Capital, Hike Capital and SIG. Read more… Read More
iGlobe Partners led a USD17m pre-Series B for Philippines-based neobank Tonik, with participation from Citius, Baring Vostok and several Philippine family offices, and follow-on from Sequoia India, Altara Ventures and Insignia Venture Partners. Read more… Read More
The Carlyle Group has sold a 4% stake for INR39.3b (~USD533m) in India-based SBI Life Insurance through multiple block deals. Read more… Read More
EQT Private Equity has sold its stake in Singapore-based corporate services provider In.Corp Global to TA Associates for an undisclosed amount. Read more… Read More
Existing investor Sequoia Capital India led a USD65m round for Indonesia-based digital investment platform Bibit, with participation from Prosus Ventures, Tencent and Harvard Management Company and follow-on from AC Ventures and East Ventures. Read more… Read More
CVC Capital Partners and Caisse de dépôt et placement du Québec (CDPQ) have agreed to acquire a majority stake in BlueFocus International, the international business of China-based advertising and marketing agency BlueFocus Group, at a reported USD350m valuation. Read more… Read More
Nordstar led a USD36m seed round for Singapore-based e-commerce aggregator Rainforest, with participation from Insignia Venture Partners. The round includes USD6.5m in equity and a USD30m debt facility from an undisclosed US debt fund. Read more… Read More
500 Startups, Kingsway Capital, 468 Capital, Presight Capital, Global Founders Capital and others have invested a USD40m seed round comprising equity and debt for Singapore-based e-commerce aggregator Una Brands. Read more… Read More
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