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
GLP has reached a CNY5.8b (USD900m) final close for its China Income Fund II, a China-focused logistics vehicle. Read more… Read More
Prosus Ventures led a USD190m investment for India-based home and beauty services platform Urban Company, with participation from DF International and Wellington Management, at a reported ~USD2b valuation. Read more… Read More
CDC Group and AddVentures led a USD51m Series C comprising a mix of debt and equity for Bizongo, an India-based B2B marketplace for packaging materials, with participation from Schroder Adveq and Bruno Raschle and follow-on from Accel, Chiratae Ventures and IFC. Stride Ventures, Trifecta Capital, TradeCred and IDFC… Read More
CTC Capital has reached a CNY3.5b (~USD539m) final close for its second CNY-denominated fund, which will focus on areas including AI, data centers, IoT, 5G and smart cars within the semiconductor industry in China. Read more… Read More
Three Blackstone affiliate funds have partnered with Abu Dhabi Investment Authority, UC Investments and GIC to roll over the 55.31% stake in India-based IT outsourcing service provider Mphasis currently held by Blackstone Capital Partners VI for a reported USD2-2.8b. The agreement triggered an open offer for an additional… Read More
Blackstone has reached a USD3.1b first close for Blackstone Capital Partners Asia II, its second Asia-focused PE fund with an initial target of USD6b. Read more… Read More
Novo Tellus Capital Partners has invested USD40m in Tessolve, an India-based provider of engineering and R&D services to semiconductor companies, at a reported USD100m valuation. Read more… Read More
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