Saudi Arabia’s Public Investment Fund has agreed to invest USD1.5b in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 2.32% stake, joining existing investors Facebook, KKR, General Atlantic, Vista Equity Partners, Mubadala Investment Company, ADIA, L… Read More
A91 Partners has invested INR1.25b (approximately USD16.4m) in India-based B2C spice brand through A91 Emerging Fund I. Read more… Read More
Owl Ventures led a USD32m investment in India-based workforce-focused edtech Degreed to support the company’s upskilling platform. Read more… Read More
India-focused private equity fund manager InvAscent has invested INR700 (approximately USD9.25m) in India-based drug delivery system producer Murli Krishna Pharma through India Life Sciences Fund III. Read more… Read More
Qiming Venture Partners, IDG Capital, and Walden International led a CNY1.1b (approximately USD155m) Series A for China-based AI chip manufacturer Biren Technology, with participation from Gree Venture Capital, Green Pine Capital Partners, V Fund, CDB Equipment Manufacturing Industrial Investment Fund, Meridian Capital, CCI Holdings, Glory Ventures, and others. Read More
BeeNext has reached a USD110m final close for its fourth emerging Asia VC fund. The vehicle will invest in early-stage startups in the e-commerce, fintech, healthtech, agtech, edtech, and AI-enabled technology sectors across India and Southeast Asia. Read more… Read More
A consortium of investors led by KKR and including Temasek has invested USD650m in Vietnam-based property developer Vinhomes, the housing development arm of conglomerate Vingroup, for a 6% stake. KKR invested through its Asian Fund III. Read more… Read More
Sequoia Capital India and Point72 Ventures led a USD21m Series A for Singapore-based digital bank Tonik Financial, with participation from existing investors Insignia Venture Partners and Credence Partners. The funding will finance the launch of a digital bank in the Philippines. Read more… Read More
Qiming Venture Partners, Sequoia Capital China, INCE Capital, CITIC Securities, Index Capital, and other investors led a USD85m Series D for China-based digital health care services provider Miaoshou Doctor. Read more… Read More
A consortium of investors led by Warburg Pincus and General Atlantic has agreed to take China-based online classified ads marketplace operator 58.com private. Ocean Link Partners, 58.com CEO Jinbo Yao, and Internet Opportunity Fund (an entity controlled by Yao) participated in the transaction. The deal, expected to close… Read More
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