GL Ventures, the VC arm of Hillhouse Capital, led a USD265m Series C for Empower Education Online, a China-based SaaS active in the education sector, with participation from Tencent, SIG, Ince Capital, and Gaocheng Capital. Read more… Read More
Matrix Partners China and Efung Capital led a CNY890m (approximately USD135m) Series E for Beijing Biostar Technologies, a China-based developer of anti-tumor, small-molecule chemical drugs, with participation from CCB International Capital, Sinopharma-CICC Capital, Tianjin Venture Capital Management, and Chengdu Tianfu International Bio-Town Investment & Development. Read more… Read More
Apis Partners led a USD35m Series B for India-based digital payment services provider Cashfree, with participation from Smilegate Investment and Y Combinator. Read more… Read More
Tiger Global Management and Dragoneer Investment Group have reportedly invested an estimated USD75-100m in India-based edtech Unacademy at a reported USD2b valuation. Read more… Read More
BRI Ventures has reached a USD10.6m first close for Sembrani Nusantara, a tech venture fund focused on early-stage investments in MSMEs operating in the education, agro-maritime, retail, transportation, and health care sectors in Indonesia. Read more… Read More
Ventureast and Eight Roads Ventures have sold their majority stake in India-based biotechnology firm Richcore Lifesciences to Eight Roads-backed Laurus Labs for INR2.47b (approximately USD33m). Read more… Read More
Fidelity International, SoftBank Vision Fund, and Sequoia Capital China led a USD1.7b investment in Manbang Group, a logistics firm specializing in truck-hailing solutions. Hillhouse Capital, GGV Capital, YF Capital, Tencent, Baillie Gifford, Lightspeed China Partners, All-Stars Investment, Xiang He Capital, and CMC re-upped. Read more… Read More
CDH Investments has reached a USD228m first close for its debut industry data center vehicle, a sub-fund under the CDH Mezzanine and Credit Fund. The vehicle, which has an initial target of CNY2b (approximately USD304m), will invest in data center projects across China. Read more… Read More
Victory Park Capital has provided a debt facility of up to USD100m to Kredivo, an Indonesia-based digital credit platform for retail borrowers. Read more… Read More
CPP Investments, through CPPIB Credit Investment Inc, has agreed to provide INR7.25b (approximately USD98m) in credit financing to back the acquisition of Indian iron ore pellets producer BMM Ispat Ltd by JSW Projects, a unit of global corporation JSW Group. Read more… Read More
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