Helix Investments has partially exited India-based edtech LearningMate via a sale to SPi Global, a Philippines-based enterprise technology provider backed by Partners Group. Helix acquired a majority stake in the company in 2009 and, after the exit, will retain a minority stake in the company. SPi Global is… Read More
Matrix Partners, Sequoia India, and Hummingbird Ventures have invested a USD10m Series A for India-based fintech FPL Technologies, with participation from angel investors. Read more… Read More
Lightspeed India Partners, Blume Ventures, and growX Ventures led a USD5m seed round for India-based spacetech Pixxel, with participation from angel investors. Read more… Read More
Hillhouse Capital has agreed to invest a USD830m Series B for JD Health, the health care subsidiary of China-based e-commerce giant JD.com. Read more… Read More
GL Ventures, the VC unit of Hillhouse Capital, invested a CNY900m (USD130m) pre-series B round for Biren Technology, a Chinese artificial intelligence chip design company. Sky9 Capital, Gaorong Capital, Co-Stone Capital, and Shenzhen Haichuang Fund Management also participated, as did Jinpu Investment, a unit of government-backed Shanghai International… Read More
Multiples Alternate Asset Management has increased its 11.03% stake in India-based fashion and retail company Arvind Fashions to 11.67% through the acquisition of an additional 5.04 million shares for INR505m (approximately USD6.7m). Read more… Read More
Centurium Capital has acquired a controlling stake in China-based Beijing Jingdu Children’s Hospital for a reported USD150m. Read more… Read More
Highlight Capital, CPE (formerly known as CITIC Private Equity), and Yingke Capital led a CNY500m (approximately USD72m) Series D for China-based medical devices manufacturer Hanyu Medical, with participation from Beijing Alan Asset Management, Everest Ventures, MeFund, Orient Securities Capital, TF Capital, and Chunfeng Venture Capital. Read more… Read More
KTB Network led a USD11.4m Series A for India-based lifestyle-focused video platform Trell, with participation from Samsung Ventures and Firebolt Ventures, and existing investors Sequoia Capital, Fosun RZ Capital, and WEH Ventures. The deal is pending government approval. Read more… Read More
The Virginia Retirement System has committed USD125m to KKR Asia Fund IV. The vehicle, which targets USD12.5b, will make pan-Asia investments with a focus on control buyout transactions. The fund recently received USD70m and USD300m commitments from the Texas Permanent School Fund and the New York State Common… Read More
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