Asia Partners Reaches USD384m Final Close for Southeast Asia Tech Fund
Asia Partners has reached a USD384m final close for Asia Partners I, its debut technology fund focused on Southeast Asia. Read more… Read More
OrbiMed Reaches USD800m Final Close for China & India Healthcare Fund
OrbiMed has reached a USD800m final close for its latest Asia life sciences fund. The vehicle will target venture through growth-stage investments in biotechnology, pharmaceuticals, medical devices, diagnostics and healthcare services in China and India. Read more… Read More
True North Partially Exits Indian Online Insurance Aggregator PolicyBazaar
True North, alongside other angel and individual investors, has partially exited its stake in PolicyBazaar, an India-based online insurance aggregator, via a secondary sale of shares worth USD45m. Read more… Read More
Accel Leads USD64.6m Series B for Indonesian Fintech Xendit
Accel Partners led a USD64.6m Series B for Xendit, an Indonesia-based digital payments infrastructure startup focused on Southeast Asia, with participation from Y Combinator. Read more… Read More
Sea Group to Allocate USD1b to Sea Capital
Singapore-based e-commerce giant Sea Group is allocating USD1b to Sea Capital, a new subsidiary that will invest in other tech firms. This follows Sea’s acquisition of Hong Kong-based Composite Capital Management. Composite founder David Ma, previously at Hillhouse Capital, will lead the unit. Read more… Read More
India Quotient, Omnivore and Accion Venture Lab Invest USD2m+ in Indian Agricultural Inputs Marketplace AGRIM
India Quotient, Omnivore, Accion Venture Lab, BlackBuck co-founder Rajesh Yabaji and Swiggy co-founder Rahul Jaimini have invested over USD2m in India-based BRB agricultural inputs marketplace AGRIM. Read more… Read More
Indus Valley Reaches USD17.5m Final Close for Debut Pakistan VC Fund
Indus Valley Capital has reached a USD17.5m final close for its debut fund targeting early-stage tech opportunities in Pakistan. Read more… Read More
Tata Capital Acquires Minority Stake in Indian Pharmaceutical Company Linux Laboratories
Tata Capital Healthcare Fund has acquired a minority stake in Linux Laboratories, an India-based pharmaceutical company that manufactures medicines and products for segments such as central nervous system (CNS), dermatology and nutraceutical, for INR800m-INR1b (approximately USD10.8-13.5m). Read more… Read More
True North Acquires Minority Stake in Indian Pharmaceutical Company Anthem Biosciences
True North has acquired a minority stake in Anthem Biosciences, an integrated drug discovery, development and manufacturing services provider based in India. Read more… Read More
PS Alliance Leads USD276m Round for South Korean E-Commerce Platform Tmon
PS Alliance, an investment unit of South Korean automotive and electronic components manufacturer Poongsung Group, led a KRW305b (approximately USD276m) investment in South Korea-based e-commerce platform Tmon. As part of the round, existing shareholders KKR and Anchor Equity Partners have invested an additional KRW50b (approximately USD45m). Read… Read More
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