General Atlantic Invests Additional USD100m in India’s PhonePe
General Atlantic invested an additional USD100m in PhonePe, an India-based mobile payments app. General Atlantic first invested USD350m in January 2023. Read More
Temasek and Steadview Capital To Lead USD90m Investment in India’s Atomberg
Temasek and Steadview Capital agreed to lead a USD90m investment in Atomberg, an India-based energy efficient fan manufacturer. … Read More
Spotlight on Better Tech: Tricog Health
Company: Tricog Health Co-Founders: Dr. Charit Bhograj (CEO), Zainul Charbiwala (CTO) Headquarters: Singapore Markets of Operation: India, Southeast Asia and Africa Investors: Blume Ventures, Inventus Capital, University of Tokyo Edge Capital (UTEC), TEAMFund, Omron Health Care, Sony Sony Innovation Fund, SGInnovate, Aflac Global Ventures and Dream Incubator… Read More
Mizuho Financial Group Leads USD270m Series D for Indonesia’s Kredivo Holdings
Mizuho Financial Group led a USD270m Series D for Kredivo Holdings, an Indonesia-based credit services platform, with follow-on from Openspace Ventures, Square Peg Capital, Jungle Ventures, Naver Financial Corporation and GMO Venture Partners. Read More
Temasek To Acquire Controlling Stake in India’s Manipal Health for ~USD2b
Temasek agreed to acquire an additional 41% stake in Manipal Health, an India-based chain of multi-specialty hospitals for INR165b (~USD2b), to become the majority shareholder. … Read More
India’s Magenta Mobility Raises USD22m Equity Round
Magenta Mobility, an India-based EV charging station provider, raised a USD22m equity round from Morgan Stanley and BP Ventures. … Read More
Kotak Reaches USD1.25b First Close for Special Situations Fund II
Kotak reached a USD1.25b first close for its second special situations fund, focused on opportunities in India. The vehicle has a USD1.6b target. Read More
FMO To Invest USD74m in India’s Fourth Partner Energy
FMO agreed to invest USD74m in debt financing Fourth Partner Energy, an India-based solar energy provider for corporate and industrial companies. … Read More
Mubadala and 42X Fund Lead USD300m Series B for China’s JD Industrials
Mubadala and 42X Fund led a USD300m Series B for JD Industrials, the industrial supply chain subsidiary of China-based JD.com, with participation from M&G and BPEA EQT and follow-on from Sequoia China. Read More
IFC To Invest ~USD72.6m in India’s Mahindra & Mahindra
IFC agreed to invest INR6b (~USD72.6m) in Mahindra & Mahindra, an India-based automaker manufacturing electric three-wheelers and small commercial vehicles. Read More
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