Singapore-based super app Grab is set to list on the Nasdaq through a SPAC merger with Altimeter Capital Management in a deal that could value the startup at ~USD39.6b, with an additional ~USD4b PIPE deal in the works. Investors in the PIPE include BlackRock, Counterpoint Global, T. Rowe… Read More
Pine Labs has acquired Malaysia-based e-commerce and fintech company Fave for USD45m, facilitating an exit for all existing investors including Sequoia Capital India and SIG Asia Investments. Read more… Read More
Affirma Capital has reached a USD403m first close for Ascenta V, its fifth Korea-focused fund. The vehicle will deploy capital in Korea, China, India and other Southeast Asia markets. The fund will invest USD181m in T Map Mobility, a South Korea-based map-navigation service provider. Read more here… Read More
5Y Capital (formerly Morningside Venture Capital) has raised ~USD1.7b for its sixth USD-denominated fund and ~USD290m for its CNY-denominated fund focused on early- and growth-stage investments in China. Read more… Read More
StoneWise, a China-based pharmaceutical company that uses AI to accelerate drug discovery, has raised an aggregate USD100m in funding through its Series B and B+ rounds. Legend Capital led the Series B, while Lightspeed China and Greater Bay Area Homeland Investments led the Series B+. New investors CDH… Read More
Tiger Global Management led a USD100m Series D for DealShare, an India-based e-commerce platform for middle- and lower-income consumers. Read more… Read More
Baring Private Equity Asia has agreed to invest USD100m in US- and London-listed Hutchison China MediTech (HutchMed), a China-based cancer drug developer. Read more… Read More
Alteria Capital has reached a INR13.75b (~USD178.7m) first close for its second venture debt fund. The vehicle will make early- and growth-stage investments in startups operating in the consumer, technology and healthcare sectors in India. The fund will also allocate capital for structured debt products aimed at later… Read More
Tiger Global Management led a USD502m Series E for India-based social media startup ShareChat, with participation from Snap and follow-on from Twitter and Lightspeed Venture Partners, at a reported USD2.1b valuation. Read more… Read More
Tiger Global Management has invested USD100m in India-based enterprise messaging solutions provider Gupshup at a reported USD1.4b valuation. Read more… Read More
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