German development finance institution DEG has agreed to provide a USD12m long-term loan to Myanmar-based hospital operator Asia Royal Company to support the modernization and expansion of its Yangon-based hospital. Read more… Read More
Asia- and North America-focused venture capital firm GGV Capital led a USD230m Series A for JD MRO, a subsidiary of China-based JD.com that delivers industrial maintenance, repair and operations (MRO) products and services, with participation from Sequoia Capital China and CPE. Read more… Read More
General Atlantic has invested USD870m in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 1.34% stake. Facebook, Silver Lake, and Vista Equity Partners recently invested in the company and hold 9.99%, 1%, and 2.3%, respectively. Read more… Read More
Sequoia Capital China and Tencent have invested a combined USD244m in the property management unit of China-based Shimao Property. Sequoia and Tencent invested USD130m and USD114m, respectively. Read more… Read More
India-focused VC Chiratae Ventures, Accel Partners, and Bain Capital have invested USD3.3m in India-based online rental marketplace Rentomojo. Accel now holds ~26% in the startup, while Chiratae and Bain Capital hold ~25% and ~9%, respectively. Read more… Read More
India-focused early-stage venture capital firm Saama Capital led a ~USD6m Series A for India-based agtech Intello Labs, with participation from existing investors Omnivore and Nexus Venture Partners, and from new investors Grow and SVG Ventures-Thrive. Read more… Read More
Tiger Global Management and Avatar Growth Capital led a USD44m Series C for India-based SaaS firm SirionLabs. Sequoia Capital, QualGro ASEAN Fund, and Canopy Ventures previously led the company’s USD12m Series B in July 2016. Read more… Read More
Chinese technology-focused private equity firm Oceanpine Capital has reached a USD200m first close for its second fund, with 30% of the capital committed by the GP. The vehicle, which targets USD400m, will focus on technology-enabled opportunities in the TMT and healthcare sectors. Read more… Read More
Asian Development Bank has approved a USD100m loan to the Government of Mongolia to support its response to the COVID-19 outbreak through its COVID-19 Rapid Response Program. As a part of the funding, support will be provided to micro, small, and medium-sized enterprises, including those engaged in international… Read More
Sequoia Capital India led a USD109m Series A for Indonesia-based coffee chain Kopi Kenangan, with participation from B Capital, Verlinvest, Kunlun, Sofina, and existing investor Alpha JWC Ventures. Read more… Read More
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