ADB Ventures, the impact venture arm of the Asian Development Bank, has participated in a USD9.4m Series A for India-based EV manufacturer and fleet operator Euler Motors along with Blume Ventures and Inventus Venture Partners; it also joined a USD4.1m Series A for India-based energy efficiency-as-a-service company Smart… Read More
Kotak Investment Advisors, through its Kotak Special Situations Fund, has invested INR410m (~USD5.6m) in India-based specialty chemicals company DCW in the form of non-convertible debentures and optionally convertible debentures. Read more… Read More
Falcon Edge Capital led a USD75m round for India-based online insurance aggregator PolicyBazaar. The company, which is backed by SoftBank, Temasek, Tiger Global Management, True North and others, will use the fresh capital to expand its presence in the UAE and the Middle East. Read more… Read More
The Carlyle Group has partially exited its stake in India-based credit card issuing company SBI Cards & Payment Services for ~INR39b (~USD540m) through open market transactions. Carlyle previously pared down its stake via the company’s IPO in February 2020. Read more… Read More
Existing investors Sequoia Capital and IMM Investment have made a KRW130b (~USD115m) follow-on investment in South Korea-based online fashion platform Musinsa at a reported KRW2.5t (~USD2.2b) valuation. Read more… Read More
SoftBank Vision Fund II and Tencent led a USD300m Series E for Singapore-based innovation intelligence platform PatSnap, with follow-on from CITIC Industrial Fund, Sequoia Capital China, ShunWei Capital and Vertex Ventures. Read more… Read More
EMPEA members can access the presentation by logging into their EMPEA member account. During EMPEA’s Southeast Asia Meeting. EMPEA’s Managing Director of Research, Jeff Schlapinski, shared the latest investment trends and proprietary EMPEA data on Southeast Asia. EMPEA members can… Read More
Warburg Pincus and Hillhouse Capital led a USD700m Series A for JD Property, the infrastructure asset management arm of China-based online retailer JD.com. Read more… Read More
Openspace Ventures has reached a USD200m final close for its third Southeast Asia VC fund targeting Series A and B rounds for companies in the B2C and B2B technology sectors. Read more… Read More
Tencent Holdings, Centurium Capital and ZWC Partners have invested a CNY900m (approximately USD139m) Series D for Fadada, a China-based e-signature and cloud contract service provider. Read more… Read More
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