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
Openspace Ventures and Mandiri Capital led an undisclosed Series A for Indonesia-based omnichannel sales SaaS platform iSeller. Read more… Read More
The National Investment and Infrastructure Fund (NIIF), through its NIIF Master Fund, has acquired two toll road projects from Essel Group for an estimated INR15-18b (approximately USD201-241m). Read more… Read More
Monk’s Hill led a USD6m Series A for Logisly, an Indonesia-based trucking logistics platform. Read more… Read More
KKR has made an undisclosed investment in Philippines-based telecom tower builder and operator Pinnacle Towers through its infrastructure fund. Read more… Read More
Chiratae Ventures led a USD7m Series A for US- and India-based AI-enabled marketing cloud startup Pyxis, with participation from Pi Ventures and follow-on from Exfinity Venture Partners. Read more… Read More
Existing investors Chiratae Ventures and Eight Roads Ventures led a INR750m (approximately USD10m) Series C for India-based consumer lending platform EarlySalary. Eight Roads and Chiratae invested INR375m (approximately USD5m) each, bringing their stakes in the company to 29.97% and 25.54%, respectively. Read more… Read More
Sequoia Capital India and Faering Capital led a USD55m investment in India-based non-banking financial company Finova Capital. Sequoia and Faering provided USD35m, while the remaining USD20m was supplied by other lenders. Read more… Read More
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