L Catterton Invests in Indonesian Beauty E-Commerce Platform Sociolla
L Catterton has made an undisclosed investment in Indonesia-based beauty and personal care e-commerce platform Social Bella International (Sociolla). Read more… Read More
L Catterton has made an undisclosed investment in Indonesia-based beauty and personal care e-commerce platform Social Bella International (Sociolla). Read more… Read More
Vietnam-based tech firm FPT Corporation has acquired a majority stake in enterprise software company Base.vn for an undisclosed amount, facilitating an exit for all VC investors in the company including 500 Startups, Alpha JWC Ventures, Beenext and Nextrans. Read more… Read More
True North and others have exited their combined 44.14% stake in India-based ridesharing company Meru Travel Solutions via a sale to automotive giant Mahindra & Mahindra for INR760.3m (~USD10.2m). Mahindra will also acquire a 12.66% stake from Neeraj Gupta and Farhat Gupta for INR216.3m (~USD2.9m), increasing its stake… Read More
Motilal Oswal Private Equity, through its India Business Excellence Fund III, has acquired a minority stake in India-based Fincare Small Finance Bank for USD25m through a secondary deal, facilitating a partial exit for True North. Read more… Read More
Women’s World Banking Capital Partners II and MDI Ventures led a USD28m round for Indonesia-based peer-to-peer fintech Amartha, with follow-on from Mandiri Capital Indonesia and UOB Venture Management. Read more… Read More
Existing investors Avataar Ventures and Prosus Ventures led a USD75m Series D for ElasticRun, an India-based startup connecting e-commerce companies to MSMEs in rural areas, with follow-on from Kalaari Ventures. Read more… Read More
IMM Private Equity, through IMM Credit Solution, has agreed to acquire a 40% stake in South Korea-based oil and lubricant manufacturer SK Lubricants from South Korean refinery-to-battery maker SK Innovation for KRW1.1t (~USD987m). Read more… Read More
SoftBank Ventures Asia led a USD28m Series B for Indonesia-based hyperlocal social commerce startup Super, with participation from DST Global and TNB Aura and follow-on from Amasia, Insignia Ventures Partners, Y Combinator Continuity Fund and Stephen Pagliuca (Bain Capital). Read more… Read More
Temasek has invested USD120m in UpGrad, an India-based edtech offering online courses in the higher education space. Read more… Read More
CITIC Capital has made an undisclosed investment in Yifei Group, a China-based online business service provider in the beauty and personal care sector, via its third CNY-denominated fund. Read more… Read More
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