Matrix Partners China led a USD90m Series E2 for China-based online corporate training services provider Yunxuetang, with participation from Sequoia Capital China and Hundreds Capital. Tencent Holdings led the USD100m first tranche of the Series E in January 2021. Read more… Read More
KKR and Sequoia Capital India led a USD234m investment in India-based non-banking financial company Five Star Business Finance, with participation from Norwest Venture Partners and TVS Capital, at a reported USD1.4b valuation. The deal facilitated an exit for Morgan Stanley Private Equity Asia. Read more… Read More
MC Global Edtech Investment Holdings led a USD460m tranche as part of the ongoing Series F for Indian edtech Byju’s, with participation from B Capital, Baron Global Advantage Fund, Arison Holdings, TCDS India and TIGA India. MC Global Edtech Investment Holdings invested USD224m. Read more… Read More
KKR, GL Ventures and Vision Plus Capital led a USD200m Series C for Hetao101, a China-based edtech that provides computer programming courses for children, with follow-on from Source Code Capital and Huaxing Growth Capital. Read more… Read More
Ribbit Capital led a USD65m Series A extension for Indonesia-based investment app Ajaib, with participation from Y Combinator Continuity, ICONIQ Capital and Bangkok Bank PLC and follow-on from Horizons Ventures, SoftBank Ventures Asia, Alpha JWC and Insignia Ventures. David Velez (Nubank) and SG Lee (Toss) also participated in… Read More
Existing investors Matrix China, BA Capital, CITIC Agricultural Fund and Maison Capital have invested a CNY800m (~USD122m) Series B for China-based yogurt brand Simple Love (also known as Jian’Ai), with participation from Sequoia Capital China, Yunfeng Capital, Proterra Investment Partners and DCP Investments. Read more… Read More
Technology Crossover Ventures (TCV), D1 Capital Partners and Falcon Edge Capital led a USD400m investment in Dream Sports, the India-based owner of online fantasy sports app Dream11, at a reported USD5b valuation. The round facilitated an exit for Kalaari Capital and Multiples Alternate Asset Management and saw participation… Read More
Wise Road Capital has agreed to acquire South Korea-based chip maker Magnachip Semiconductor Corporation through a take-private deal valued at USD1.4b. Read more… Read More
Sequoia Capital India has reached a USD195m final close for its second seed fund targeting investments in startups in India and Southeast Asia. Read more… Read More
China Merchants Bank International and Mirae Asset Financial Group led a USD120m Series C for EpimAb Biotherapeutics, a China-based developer of bispecific antibodies, with participation from Hony Capital, Cormorant Asset Management, Yanchuang Capital, Octagon Capital, ShangBay Capital and Adrian Cheng (New World Development) and follow-on from Decheng Capital,… Read More
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