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
Existing investors Gaja Capital, Kotak Mahindra Life, Lok Capital, Teachers Insurance and Annuity Association of America (TIAA), and LN Bangur Group’s investment arm Kiran Vyapar have invested USD8.2m in India-based non-banking finance company Suryoday Small Finance Bank. Read more… Read More
Asian Development Bank has approved a USD300m loan to Geo Dipa Energi, an Indonesian state-owned company, to increase the country’s geothermal electricity generation capacity. ADB will also provide USD35m from its Clean Technology Fund for the project. Read more… Read More
IDG Capital and CPE led a USD1b Series B for China-based gene sequencing equipment manufacturer MGI Tech, a subsidiary of genomics company BGI Group, with participation from Huaxing Growth Capital, Guofang Capital (under Shanghai International Group), Huatai Zijin Investment (under Huatai Securities), Ti Capital, Sailing Capital, Co-Stone Capital,… Read More
Switzerland-based agri-food investor Pioneering Ventures has acquired India-based agtech Lateral Praxis for an undisclosed amount. Read more… Read More
Matrix Partners led a USD26.5m Series A for India-based Ola Financial Services, the financial services arm of cab-hailing platform Ola, with participation from Falcon Edge, Gemini Investments, and Arun Sarin’s family office. Read more… Read More
Warburg Pincus has agreed to increase its stake in Singapore-based real estate fund manager ARA Asset Management from 30.7% to 48.7% through a series of transactions expected to be completed by May 2021. Fellow shareholders Straits Trading, CK Assets Holding, and JL Investment Group (an entity owned by… Read More
Hahn & Co. and Hana Financial Group have agreed to acquire 100% of South Korea-based H-Line Shipping, the former bulk carrier of bankrupt Hanjin Shipping, for USD1.45b. The two firms will create a fund for the leveraged buyout of H-Line Shipping, which is currently owned by another fund… Read More
Inventus Capital Partners led a USD2.6m Series A for India-based electric automotive startup Euler Motors, with participation from Blume Ventures, Jetty Ventures, and Udaan co-founder Sujeet Kumar. Read more… Read More
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