Foundation Holdings led a INR3.5b (approximately USD46.8m) Series D for India-based edtech Toppr, with participation from existing investor Kaizen Private Equity. Read more… Read More
Permira has acquired a 60% stake in the China- and Indonesia-focused EF Kids & Teens unit of Switzerland-headquartered education company EF Education First. The deal values EF Kids & Teens at USD1.5b. Read more… Read More
Existing backers including EV Growth, a joint venture between Sinar Mas and East Ventures, and unnamed investors have invested USD250m in Indonesia-based online travel platform Traveloka. Read more… Read More
China-based Sherpa Healthcare Partners has reached a final close for US-denominated Sherpa Healthcare Fund I. The vehicle, which targeted USD200m, was oversubscribed and will invest in biopharma, gene technology, medtech, and medical services in China. The Oregon Public Employees Retirement System (PERS) recently committed USD100m to the fund. Read More
Square Peg led a USD16m Series C for Singapore-based digital wealth management platform StashAway, with participation from Burda Principal Investments and Eight Roads Ventures. Read more… Read More
KKR led a USD800m Series C+ for China-based grocery e-commerce platform Xingsheng, with participation from Sequoia Capital China and China Renaissance’s Huaxing Growth Capital. Read more… Read More
Warburg Pincus led a USD171m Series B for China-based cancer drug developer Haihe Biopharma, with participation from CMB International, Legend Capital, CICC Capital, Beijing Langzi Asiana Asset Management, Chaos Investment, Winfast Holding, and Shanghai International Group, and follow-on from Yingke PE, BioTrack Capital, CSPC Pharmaceutical Group, and Liansheng… Read More
CICC Capital led a USD495m investment in China-based grocery delivery startup MissFresh, with participation from ICBC International, Tencent, Abu Dhabi Capital Group, Suzhou Changshu Government Industry Fund, Tiger Global Management, and Goldman Sachs. Read more… Read More
Korea Development Bank (KDB), NVESTOR, Intervest, and existing investor IMM Investment led a USD41.8m pre-Series D for South Korean edtech Riiid, a tutoring platform focused on mobile test prep that recently opened offices in Silicon Valley and plans to expand across the US, South America, and the Middle… Read More
Chinese VC Vitalbridge Capital has reached a USD150m final close for its first US-denominated fund. The vehicle will invest in innovation-driven startups across the fields of education, health care, and enterprise services in China. Read more… Read More
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