CDPQ led a USD147m growth round for India-based cloud data protection and management company Druva, with participation from Neuberger Berman, Viking Global Investors and Atreides. CDPQ invested USD100m in the round. Read more… Read More
CPE has reached a USD1.8b first close for its fourth USD-denominated fund. The vehicle, which has a target of USD3b, will focus on healthcare, consumer and internet, technology and industrial, and software and enterprise services in China. Read more… Read More
IFC, IFC Emerging Asia Fund and Indigo Partners have invested USD250m in the form of convertible bonds in Philippine-listed low-cost airline Cebu Pacific Air. Read more… Read More
Microsoft, GIC and Indonesia-based media conglomerate Emtek led a USD234m investment in Indonesia-based e-commerce company Bukalapak, with participation from SC Ventures and Naver. Read more… Read More
Legend Capital, DST Global, Coatue Management and All-Stars Investment led a USD300m Series B for Fiture, a China-based fitness tech startup that develops smart home fitness equipment, with follow-on from Sequoia Capital China, Tencent Holdings, C Ventures, Cygnus Equity, Nio Capital, GSR Ventures China, BA Capital, , Z1… Read More
TuSimple, a China-based developer of autonomous driving technology for trucks, has raised USD1.35b on the Nasdaq at a market capitalization of USD8.5b. Existing backer Sina Corporation sold 6.7 million shares worth USD268m and achieved a partial exit. Read more… Read More
Temasek led a USD200m Series E for China-based dental services provider Arrail Dental, with participation from OrbiMed, Ward Ferry, Hina Group, Industrial Bank and Mirae Asset Global Investments. Read more… Read More
Tiger Global Management led a ~USD55m Series C2 for Indonesia-based edtech Ruangguru, with follow-on from GGV Capital, at a ~USD800m reported valuation. Read more… Read More
DST Global and Sequoia Capital India led a USD63m Series B for Indonesia-based digital logistics startup Shipper, with follow-on from Prosus Ventures, Floodgate, Lightspeed, Insignia Ventures, AC Ventures and Y Combinator. Read more… Read More
Japan-based VC Samurai Incubate has reached a JPY2b (~USD18.6m) final close for its Samurai Africa 2nd General Partnership fund. The vehicle will target investments in fintech, insurtech, logistics, healthtech, consumer and commerce, energy, agtech, mobility and entertainment in Africa. Read more… Read More
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