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
The Carlyle Group and Brighton Park Capital have agreed to invest USD200m in Indegene, an India-based technology provider for the health care and life sciences industries. Both investors will acquire undisclosed minority stakes in the company. Read more… Read More
Composite Capital and Moore Strategic Ventures led a USD95m Series D for India-based gaming platform Mobile Premier League (MPL), with participation from Base Partners, TRP Global, SIG, Go-Ventures, Telstra Ventures, Founders Circle, and Play Ventures. The latest round brings the company’s valuation to USD945m. Read more… Read More
Greenoaks Capital and Lightspeed Venture Partners led a USD120m Series D for India-based B2B manufacturing services marketplace Zetwerk, with participation from Sequoia Capital India and Kae Capital. Read more… Read More
Monk’s Hill Ventures led a USD5m Series A for Bot MD, a Singapore-based AI clinical assistant for doctors, with participation from SeaX, XA Network, and SGInnovate. Read more… Read More
Sweden-based gaming studio Stillfront has agreed to acquire India-based mobile games developer Moonfrog Labs, facilitating an exit for Tiger Global Management and Sequoia Capital India. The acquisition will be a staged process, with the first tranche seeing Stillfront acquire 91% of the company for USD90m. Read more… Read More
Lilly Asia Ventures has reached a USD1.35b final close for its latest health care fund, with USD900m raised for the main pool and an additional USD450m raised for an opportunity vehicle that sits alongside the main fund. Read more… Read More
True North and Bessemer Venture Partners have achieved a partial exit from India-based housing finance company Home First via the company’s INR11.5b (approximately USD158m) IPO. True North and Bessemer sold INR4.35b (~USD59.5m) and INR1.2b (~USD16.5m) worth of shares, respectively. Read more… Read More
(default archive template)