MBK Partners to Invest USD228m in Chinese Car Rental Company CAR for 20.9% Stake
MBK Partners has agreed to invest HKD1.7b (approximately USD228m) in Hong Kong-listed China Rental Car from Ucar for a 20.9% stake. Read more… Read More
DCL Reaches USD455m Final Close for China Distressed Assets Fund
DCL Investments has reached a CNY3b (approximately USD455m) final close for its latest RMB-denominated fund focused on distressed investment opportunities in China. Read more… Read More
SoftBank-Backed Grab Leads USD100m Series B for Indonesian Fintech LinkAja
SoftBank-backed Grab led a USD100m Series B for Indonesia-based fintech LinkAja, with participation from Telkomsel, BRI Ventura Investama, and Mandiri Capital Indonesia. Read more… Read More
OTPP Leads USD267m Series C for Chinese Self-Driving Startup Pony.ai
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 Growth Fund and Others Invest Additional USD146m Series J for Indian Food Delivery Startup Zomato
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 VP, and Gaja Invest USD110m for 31% Stake in Indian Logistics Startup XpressBees
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 Invests USD150m in Indian Biopharma Biocon Biologics
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 VP Leads USD2.15m Seed Round for Singaporean Sales Productivity Platform Nektar
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
Armstrong Asset Management to Exit Vietnamese Wind Farm Dam Nai Wind Power to SN Power AS
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 Leads USD180m Series C for Chinese Edtech VIPThink
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
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