Fireside Ventures has reached a USD118m final close for its second fund, surpassing its initial target of USD100m. The vehicle will invest in early-stage, consumer-focused opportunities in India. Fireside Ventures recently achieved a partial exit from India-based consumer electronics startup BoAt in a transaction that saw Warburg Pincus… Read More
Anarock Group has acquired India-based proptech ApnaComplex from home rental network platform NestAway Technologies, facilitating an exit for Chiratae Ventures, Goldman Sachs, Tiger Global Management, InnoVen Capital, UC-RNT Fund, and IDG India. Details of the transaction were not disclosed. Read more… Read More
Prosus Ventures led a USD30m Series C for India-based agtech DeHaat, with participation from RTP Capital and follow-on from Omnivore, Sequoia Capital India, FMO, and AgFunder. Read more… Read More
Navis Capital Partners has completed an undisclosed investment in Moneythor, a Singapore-based technology company providing financial institutions and fintech firms with solutions to enhance their digital banking services. Read more… Read More
Tata Capital has reached a USD170m final close for Tata Capital Growth Fund II, a vehicle targeting investments across strategic services, urbanization, and discrete manufacturing in India. Read more… Read More
Warburg Pincus and Goodwater Capital co-led a USD100m Series D for Vietnam-based M Service JSC which operates MoMo, a mobile wallet services provider. Affirma Capital, Kora Management, Tybourne Capital, and Macquarie Capital also participated in the round. Read more… Read More
Warburg Pincus has acquired a minority stake in India-based online pharmacy MedPlus Health Services through an equity and debt transaction. Warburg has invested INR5b (approximately USD68m) in equity for a reported 20-25% stake and has provided INR3b (approximately USD41m) in debt finance. Read more… Read More
Indian edtech Byju’s has agreed to acquire Aakash Educational Services, an India-based brick and mortar test prep company backed by Blackstone, for USD1b. The acquisition will see Aakash’s founders exit the company, while Blackstone, which picked up a 37.5% stake in Aakash in October 2019, will swap a… Read More
South Korea’s Hanwha Asset Management led a USD300m investment in Southeast Asian ride-hailing and food delivery giant Grab’s fintech business. Flourish Ventures and Arbor Ventures, as well as existing investors GGV Capital and K3 Ventures, participated in the round. Read more… Read More
New investor CDC Group and existing investors Accel Partners, IFC, IDG Ventures, Chiratae Ventures, and Schroeder Adveq have invested a USD9.3m growth funding round in India-based packaging materials marketplace Smartpaddle Technology. Read more… Read More
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