China Creation Ventures has reached a USD300m final close for CCV Fund II, its second USD-denominated fund. The vehicle will target early-stage investments in the TMT sector in China. Read more… Read More
GIC and Sequoia Capital India led a USD100m Series D for India-based fintech Razorpay, with participation from existing investors Ribbit Capital, Tiger Global, Y Combinator, and Matrix Partners. The investment reportedly brings the company’s valuation to over USD1b, granting Razorpay unicorn status. Read more… Read More
AC Ventures has reached a USD56m first close for ACV Capital III. The fund, which targets USD80m, will invest in early-stage companies in Indonesia. Read more… Read More
Archipelago Capital Partners has acquired a 60% stake in Malaysia-based dessert and beverage chain Coolblog from government-backed PE firm Ekuinas for MYR75m (approximately USD18m). Read more… Read More
Chiratae Ventures has invested INR235m (approximately USD3.2m) in the ongoing Series A of India-based agtech Ergos for a 17.6% stake in the company. Aavishkaar Capital has also committed INR350m (approximately USD4.8m) for a 26.22% stake as part of this round. Read more… Read More
BlackRock has agreed to acquire a majority stake in Taiwan-based solar energy company New Green Power through its realty investment management arm BlackRock Real Asset. Details of the transaction are undisclosed. Read more… Read More
CDH Investments and Oriza Holdings have agreed to invest CNY1.5b (approximately USD219m) in CSI Solar, a China-based subsidiary of Nasdaq-listed solar power company Canadian Solar, for a 20% stake. This deal, which is part of a larger CNY1.78b capital raise, will support CSI Solar’s planned listing in China. Read More
Insight Partners led a USD55m Series F for Chargebee, an India- and US-based SaaS subscription management platform, with participation from Steadview Capital and Tiger Global Management. Read more… Read More
Linear Capital has reached a USD200m final close for its fourth USD-denominated China-focused VC fund. The vehicle will target early-stage investments in data application, data infrastructure, and frontier technology. Read more… Read More
Lightspeed India Partners and Accel Partners have invested a USD18.5m seed round for India-based fintech Uni. Read more… Read More
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