Horizon Ventures and Alpha JWC Ventures led a USD11.5m Series A for Indonesia-based capsule hotel operator Bobobox, with participation from Kakao Investment, Sequoia’s Surge, and Mallorca Investments. Read more… Read More
Actis, through its Actis Asia Real Estate fund, has sold South Korea-based twin-tower office building Young City to a consortium of local institutional investors for USD447.5m. The asset came under Actis’ control after the acquisition of the Asia unit of Standard Chartered’s Principal Finance Real Estate in 2018. Read More
India-focused private equity firm Rabo Equity Advisors has fully exited its 29.81% stake in Daawat Foods, a subsidiary of Mumbai-listed rice exporter LT Foods, via a sale to United Farmers Investment Company for USD17.23m. Read more… Read More
KKR has agreed to invest USD1.5b in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 2.3% stake. With this investment, Jio has received over USD10b in the past month from Facebook, Silver Lake, Vista Equity Partners, and General Atlantic. Read More
Xiang He Capital led a USD30m Series C extension for China-based data company Sensors Data, with participation from Morningside Venture Capital, DCM China, Warburg Pincus, Sequoia Capital China, Linear Venture, and FutureCap. Warburg Pincus led the company’s USD44m Series C in 2018. Read more… Read More
GPCA’s Inaugural Report On Venture-Backed Startups Across EM Today, Asia is an epicenter of global startup momentum and the year 2019 marked records for venture investment in a number of emerging private capital markets, including Africa, Latin America, Southeast Asia, India, and CEE & CIS. Venture Capital in emerging markets… Read More
Venture capital firm B Capital Group led a ~USD60m Series B for India-based SME-focused fintech Khatabook, with participation from existing investors Sequoia India, Partners of DST Global, Tencent, and GGV Capital. New investors RTP Global, Hummingbird Ventures, Falcon Edge Capital, Rohit Bahl, Rocketship.vc, and Unilever Ventures also participated… Read More
China-focused private equity firm ClearVue Partners led a USD30m Series C extension for China-based smart car wash company 1km. PICC Capital Equity Investment and Centurium Capital led the first two tranches of the Series C, bringing the total funding raised to date to USD84m. Read more… Read More
China’s CDH Venture and Growth Capital has reached a USD324m first close for its second RMB-denominated fund and an approximately USD500m final close for its second USD-denominated fund. Both vehicles will target investments in the health care, industry and consumer innovations, as well as AI and advanced technology… Read More
China-focused investment firm Jeneration Capital Management led a USD80m Series E for Chinese fitness app Keep, with follow-on from GGV Capital, Tencent, Morningside VC, and Bertelsmann Asia Investments. Read more… Read More
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