Addition led a USD35m investment in India-based news aggregator app operator InShorts, with participation from SIG Global and Tanglin Venture Partners. Read more… Read More
Warburg Pincus has agreed to acquire a 30% stake in India-based housing finance company Home First Finance for INR8b (approximately USD108.4m). Existing shareholders True North Capital and Bessemer Ventures will sell part of their stakes to Warburg as part of the deal. Read more… Read More
Warburg Pincus and the Carlyle Group have each invested USD70m, for a total of USD140m, in China-based budget cosmetics brand Perfect Diary. The company is reportedly planning a US IPO for 2021. Read more… Read More
Chiratae Ventures led a USD5m Series A for SquadStack, an India- and US-based Saas startup focused on sales acceleration, with participation from existing investors Blume Ventures. Read more… Read More
DST Global, Soma Capital, GMO Venture Partners, VentureSouq, 20VC, and angel investors have invested between USD10m and USD15m in BukuWarung, an Indonesia-based bookkeeping and payments platforms for micro-merchants. Read more… Read More
Softbank Vision Fund 2, PICC Capital, and Morningside Venture Capital led a USD319m Series C for XtalPi, a China-based pharmaceutical firm that uses AI to develop new drugs, with participation from existing investors Tencent Holdings, Sequoia Capital China, China Life, and SIG. New investors include CICC Capital, China… Read More
GL Ventures, the VC arm of Hillhouse Capital, led a USD147m Series D for China-based biotech company InventisBio, with participation from new investors Qiming Venture Partners, Matrix Partners China, Janchor Partners, AIHC Capital, Dyee Capital, and E Fund Capita. Existing investors Lilly Asia Ventures, Advantech Capital, OrbiMed Asia,… Read More
Tencent Holdings, Hillhouse’s VC arm GL Ventures, and Yunfeng Capital led a CNY1.2b (approximately USD176m) Series F for China-based medical SaaS startup Taimei Technology, with participation from Zheshang Venture Capital, Morningside Venture Capital, Matrix Partners China, SBCVC, Cowin Capital, Ivy Capital, Beijing Future Startup Fund Management, and Fanzhuo… Read More
Stripe led a USD12m Series A for Philippines-based fintech PayMongo, with participation from existing investors Y Combinator and Global Founders Capital, and new investor Bedrock Capital. Read more… Read More
Ascendent Capital Partners has invested USD500m in China-based supermarket retailer Wumart. USD150m has been invested through Fund III, USD50m through Fund II, and the remaining USD300m through a co-investment. Read more… Read More
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