Mubadala Investment Company, ADIA, and Silver Lake have invested a combined USD2.5b in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, joining existing investors Facebook, KKR, General Atlantic, and Vista Equity Partners. Mubadala Investment Company has invested USD1.2b for a 1.85% stake;… Read More
Brookfield Asset Management has agreed to acquire Emami Power, the solar power business of India-based conglomerate Emami Group, for an undisclosed amount. Read more… Read More
Janchor Partners, RA Capital Management, Hillhouse Capital, and Jiashan SDIC have invested a USD310m Series C for China-based biopharmaceutical company Everest Medicines, with participation from Decheng Capital, GT Fund, Janus Henderson Investors, Rock Springs Capital, and Octagon Investments. Existing backers CBC Group, Cormorant Asset Management, Pavilion Capital, and… Read More
Goldman Sachs led a USD100m Series C for Jushuitan, a Chinese SaaS platform backed by Sequoia China, with participation from CICC Capital and Blue Lake Capital. Read more… Read More
Facebook and PayPal have invested an undisclosed amount in Indonesia-based ridesharing company Gojek as part of its ongoing Series F, along with existing investors Google and Tencent, reportedly bringing the funds raised to date to USD3b. Read more… Read More
ChrysCapital has acquired an additional 3% stake in India-based pharmaceutical company Intas for USD132m, providing an exit for Capital International. ChrysCapital originally invested in Intas in 2006, and the current investment brings its stake in the company to 6%. Read more… Read More
Sequoia Capital India and Hana Ventures led a USD26m Series A for Beam, a Singapore-based micro-mobility startup that operates e-scooters. Read more… Read More
Hillhouse Capital led a USD160m Series B for China-based biopharmaceutical company Genor Biopharma, with participation from Temasek Holdings, Haitong Capital, Cavenham PE, and CR-CP Life Science Fund, a joint venture between China Resources Group and Thailand’s Charoen Pokphand Group. Read more… Read More
Pakistani VC firm Indus Valley Capital led a USD1.3m pre-seed round for Pakistan-based e-commerce marketplace Bazaar Technologies, with participation from Alter Global and angel investors. Reportedly, the deal was closed entirely on Zoom. Read more… Read More
SoftBank’s Vision Fund II led a USD500m investment in ride-hailing company Didi Chuxing’s autonomous driving unit. Read more… Read More
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