SoftBank Ventures Asia and Daesung Lead USD28m Series D for Indian Fintech True Balance
SoftBank Ventures Asia and Daesung Private Equity led a USD28m Series D for India-based digital payments startup True Balance, with participation from Naver and BonAngels, and follow-on from Shinhan Capital. Read more… Read More
Qiming Reaches USD1.2b Final Close for China VC Fund
Qiming Venture Partners has reached a USD1.2b final close for Qiming Venture Partners Fund VII, a vehicle targeting early-stage investments in the health care and TMT sectors in China. Read more… Read More
Sequoia Capital Leads USD5.9m Series A for Indian Livestock Trading Platform Animall
Sequoia Capital India led a INR445m (approximately USD5.9m) Series A for India-based livestock trading platform Animall Technologies, with participation from Omnivore Partners and LetsVenture Fund. Read more… Read More
Future Capital Reaches USD187m Final Close for China-Focused Tech Fund
Future Capital Discovery Fund has reached a USD187m final close for its USD Fund IV, its fourth USD-denominated vehicle targeting early-stage investment opportunities in enterprise technology and consumer technology companies in China. Read more… Read More
GGV Capital Leads USD30m Series D for Indian Insurtech Turtlemint
GGV Capital led a USD30m Series D for India-based insurtech Turtlemint, with participation from American Family Ventures, MassMutual Ventures, and SIG. Existing investors Sequoia Capital India, Blume Ventures, Nexus Venture Partners, Dream Incubator, and Trifecta Capital followed on. Read more… Read More
CITIC- and Caixin Global-Led Consortium Exits Market Intelligence Provider ISI Emerging Markets via Sale to Montagu
A consortium led by CITIC Capital and Caixin Global has agreed to fully exit its investment in ISI Emerging Markets Group, a market intelligence provider originally founded in Hong Kong, via a sale to Montagu. The transaction is expected to close by year-end. Read more… Read More
TA Associates to Acquire 60% Stake in Indian Nutraceutical Ingredients Company OmniActive for USD150m, Everstone Exits
TA Associates has agreed to acquire a 60% stake in India-based OmniActive Health Technologies for USD150m, facilitating an exit for Everstone Capital and several HNIs. Everstone held a 35% stake in the company. Read more… Read More
Investcorp Acquires Majority Stake in Singaporean Instant Cereal and Beverage Company Viz Branz
Investcorp has acquired a majority stake in Singapore-based instant cereal and beverage company Viz Branz from the company’s CEO, Mr. Ben Chng. Read more… Read More
CDC and DPI to Acquire Indian Drugmaker Celon Laboratories for USD75m via Zanzibar Pharma
CDC Group and Development Partners International have partnered to form Zanzibar Pharma, a pharmaceuticals platform through which they have agreed to acquire Celon Laboratories, an India-based drugmaker backed by Sequoia Capital, for USD75m. Read more… Read More
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