Warburg Pincus has agreed to exit its stake in Bharti Telemedia, the direct-to-home (DTH) satellite television services arm of Indian telecom services provider Bharti Airtel, via a share buyback worth USD429.5m in cash and shares. Read more… Read More
Accel Partners and Lightspeed Venture Partners have invested a USD15m seed round for Zolve Innovations, a cross-border neobanking platform based in India, with participation from Blume Ventures, Founder Collective, and angel investors including former Helion Managing Director Dr. Ashish Gupta, Greg Kidd, Cred Founder Kunal Shah, DST Global… Read More
Boyu Capital has reached a USD3.6m final close for Boyu Capital Fund IV, its latest USD-denominated vehicle focused on investments in China. Read more… Read More
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
(default archive template)