Ontario Teachers’ Pension Plan Board led a USD267m Series C for China-based autonomous driving startup Pony.ai at a post-money valuation of USD5.3b. Fidelity China Special Situations, ClearVue Partners, Eight Roads, 5Y Capital (formerly Morningside Venture Capital), and FAW Group also participated in the round. Read more… Read More
Mirae Asset-Naver Asia Growth Fund, Steadview Capital, Luxor Capital Group, Lugard Road Capital, and ASP India Fund have invested INR10.85b (approximately USD146m) in the ongoing Series J for India-based food delivery startup Zomato. The company already raised USD250m+ for its Series J, which targets USD600m, from investors including… Read More
Investcorp, Norwest Venture Partners, and Gaja Capital have invested USD110m in Indian e-commerce logistics startup XpressBees for a collective 31% stake, facilitating an exit for Paytm, Vertex Ventures, and NEA. Read more… Read More
Goldman Sachs has agreed to invest INR11.25b (approximately USD150m) in India-based biopharmaceuticals company Biocon Biologics. True North and Tata Capital Growth Fund invested in the company earlier this year. The transaction is subject to approvals. Read more… Read More
Nexus Venture Partners led a USD2.15m seed round for Singapore-based sales productivity platform Nektar.ai, with participation from Insignia Venture Partners, Arka Venture Labs, Better Capital, and Vietnam Investments Group. Read more… Read More
SN Power AS has signed a binding agreement to acquire Vietnam-based wind farm Dam Nai Wind Power from Armstrong South East Asia Clean Energy Fund, a fund managed by Armstrong Asset Management. The transaction is expected to close in Q1 2021. Read more… Read More
SoftBank Vision Fund 2 led a USD180m Series C for Chinese edtech VIPThink, with participation from Sinovation Ventures, Alpha Animation CEO Dongqing Cai’s family foundation, private educational services provider New Oriental, DCM, and Enlight Growth Partners. Read more… Read More
Saudi Arabia’s Public Investment Fund has agreed to invest INR95.55b (approximately USD1.3b) in Reliance Retail Ventures, the retail unit of Indian conglomerate Reliance Industries, for a 2.04% stake. Read more… Read More
Walmart-backed Flipkart and existing investor Accel Partners have invested an undisclosed Series F for India-based fashion brand house Universal Sportsbiz (USPL). Read more… Read More
Hony Capital has reached a USD130m final close for Hony Ventures Fund I, a vehicle targeting early-stage investments in the consumer, internet, and digital enterprise service sectors in China. Read more… Read More
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