SoftBank-backed edtech unicorn Unacademy has acquired India-based professional networking and consulting platform TapChief for an undisclosed amount, facilitating an exit for TapChief’s existing investors, including Blume Ventures. The transaction values TapChief at INR1b (approximately USD13.7m). Read more… Read More
Tata Group has agreed to acquire a 68% stake in India-based grocery delivery startup BigBasket for USD1.3b, facilitating an exit for existing shareholders including Alibaba. Read more here and here… Read More
Qatar Investment Authority and Glade Brook Capital Partners led a USD100m investment in India-based news aggregator DailyHunt, with participation from Sofina and Canaan Valley Capital. The investment appears to be an extension of the previous USD102m Series H in which Sofina, Google, Falcon Edge Capital, and Microsoft took… Read More
CITIC Private Equity Funds Management, Guotai Junan International, and Wanxiang International have invested USD200m in Plus.Ai, a China-based autonomous driving technology developer and provider specialized in trucks, with follow-on from Full Truck Alliance. Read more… Read More
Coatue Management led a USD108m Series D for India-based fintech BharatPe, with follow-on from Ribbit Capital, Insight Partners, Steadview Capital, BeeNext, Amplo Opportunities, and Sequoia Capital. The latest funding round brings the company’s valuation to USD900m. Read more… Read More
Advent International has sold a 6.06% stake in India-based consumer products company Crompton Greaves Consumer Electricals (CG Consumer) for INR14.9b (approximately USD204m) through an open market transaction. Read more… Read More
Online dating giant Match Group has agreed to acquire Hyperconnect, a South Korea-based social media platform backed by Altos Ventures and SoftBank Group, for USD1.725b in cash and stock. The transaction is expected to close in Q2 2021. Read more… Read More
IDG Capital and Trustbridge Partners led a USD390m Series A for Fenbi, a China-based vocational education platform, with participation from investors including China Renaissance’s Huaxing Growth Capital, CITIC Private Equity, Hony Capital, and Legend Holdings. Read more here and here… Read More
TR Capital has reached a USD350m final close for TR Capital Fund IV, surpassing its initial target of USD300m. The vehicle will focus on opportunities in the secondaries industry in Asia, with a focus on China. Read more… Read More
CDH Investments has fully exited its investment in Singapore-based equipment leasing company Aver Asia via a sale to Japan-based conglomerate Sumitomo Corporation. CDH originally invested in the company in 2015. Read more… Read More
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