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
China’s CICC Capital reached a CNY4.2b (approximately USD648m) second close of its Qide Innovation Biopharmaceutical Equity Investment Fund, backed by China’s state-owned enterprises, corporations, and high-net-worth individuals. Read more… Read More
CITIC Capital has invested an undisclosed amount in Max-Inf, a China-based provider of baby travel safety systems. Read more… Read More
ABC World Asia, an Asia-focused fund managed by Temasek Holdings, led a USD20m Series C for CropIn, an Indian AI- and data-based agtech, with participation from CDC Group and Kris Gopalakrishnan’s family office Pratithi Investment Trust, and follow-on from Chiratae Ventures, Invested Development, and Ankur Capital. Read… Read More
A91 Partners has invested USD30m in La Renon, an India-based pharmaceuticals company backed by Sequoia Capital, for a reported 5-6% stake. Read more… Read More
Accial Capital has invested USD21m in debt in Pintek, an Indonesia-based fintech platform that provides credit to students and their families, educational institutions, and their suppliers. Read more… Read More
Philippine mobile wallet GCash has raised more than USD175m from Bow Wave Capital Management. Bow Wave now has a 14% stake in Mynt, which operates GCash. Read more… Read More
Horizons Ventures and Alpha JWC led a USD25m Series A for Indonesia-based digital investment platform Ajaib Group, with follow-on from SoftBank Ventures Asia, Insignia Ventures, and Y Combinator. Read more… Read More
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