Existing investors TPG Growth, Norwest Venture Partners and Evolvence have invested a INR3.37b (~USD45m) Series E for India-based non-banking finance company Ess Kay Fincorp. Read more… Read More
SoftBank Vision Fund led a USD330m Series D extension for China-based grocery e-commerce platform Dingdong Maicai, bringing the overall Series D to just over USD1b. DST Global and Coatue led the USD700m first tranche in April 2021. Read more… Read More
A consortium led by Multiples Alternate Asset Management and including CPP Investments and RARE Enterprises has agreed to acquire Zydus Cadila, the India-based animal health business unit of Cadila Healthcare, for INR29.21b (~USD397m). Read more… Read More
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
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