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
Warburg Pincus and Eight Roads Ventures have exited part of their stakes in Mumbai-listed drugmaker Laurus Labs. Warburg Pincus recently sold a nearly 8% stake for USD49m, after previously divesting shares for USD51m during the company’s IPO in December 2016. Warburg still holds an 11.26% stake in Laurus… Read More
General Atlantic led a USD300m funding round for China-based grocery e-commerce platform Dingdong Maicai. Earlier backers in the company include Sequoia Capital China and Qiming Ventures. Read more… Read More
Legend Capital led a USD141m funding round for Chinese pharmaceutical company Novast Holdings via a private placement. Shiyu Capital, Xiamen C&D, HighLight Capital, Highsino, and China’s Service Trade Fund also participated in the private placement. Read more… Read More
Temasek-backed US- and Asia-focused VC fund manager Vertex Ventures, led a USD26.5m Series D for Taiwan-based social media startup M17 Entertainment, with participation from Stonebridge Korea Unicorn Venture Fund, Innoven Capital Singapore, Kaga Electronics, and ASE Global Group. Read more… Read More
Dragon Ball Capital, the VC arm of Meituan-Dianping, and China-focused private equity firm CDH Investments led a USD56m Series C for China-based food and ingredient distribution platform Lehe Food, with participation from Guangzhou Hezhi Investment Management. Dragon Ball Capital and Hezhi previously invested in… Read More
China-based Sunshine Insurance Group led a USD60m extended Series C for China-based finance and tax management software developer Huisuanzhang, with participation from existing investors Gaocheng Capital, Xiaomi, and Swift Hover. Read more… Read More
Bertelsmann India Investments, Tribe Capital, and InnoVen Capital led a USD13m Series C for India-based logistics aggregator Shiprocket. Read more… Read More
The Carlyle Group has agreed to acquire up to a 74% stake in India-based animal health care services provider SeQuent Scientific for USD216m. CA Harbor Investments, an entity affiliated with CAP V Mauritius and the Carlyle Group, will acquire a majority stake in SeQuent via private share purchase… Read More
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