Bain Capital has agreed to invest USD123m in South Korea-based edtech ST Unitas for an unspecified stake. The education startup, which acquired the Princeton Review in 2017, offers English test and civil service exam preparation courses. Read more… Read More
China-based Taikang Asset Management led a USD113m Series B for China-based neurology hospital chain Sanbo Brain Hospital. Chinese investment bank CEC Capital, healthcare fund Park Road Medical Investment, Broadhi Capital, Beijing Puhong Investment Fund Management, GF Investment, and Hong Ding Capital also participated in the round. Read… Read More
SummitView Capital led a USD99m Series B for China-based AI developer Enflame Technology, with participation from Tencent, SHIVC (a venture capital platform established by the Shanghai government), Oceanpine Capital, Redpoint Ventures China, and Delta Capital. Read more… Read More
China-based VC Linear Capital has reached a USD110m first close for its fourth venture fund, a USD-denominated vehicle. Read more… Read More
India- and Southeast Asia-focused private investment group Everstone Capital has fully exited Singapore-based payroll processing and human capital management firm Excelity Group to US-based NASDAQ-listed human resource management software provider Ceridian. Everstone first invested in Excelity in 2015. Details of the transaction were undisclosed. Read More
Private equity firm Vista Equity Partners 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. Facebook and Silver Lake recently invested USD5.7b and USD750m, respectively, for 9.99% and 1%… Read More
India-based VC Exfinity Ventures and India-based angel investor network IAN Fund led a USD5.1m Series A for India-based Multilingual AI-based voice automation services platform Vernacular.ai, with participation from existing investors Kalaari Capital, AngelList, and LetsVenture. Read more… Read More
Sequoia India and Alpha JWC Ventures led a USD25.4m Series A for Indonesia-based B2B e-commerce platform GudangAda, with participation from existing investor Wavemaker Partners. GudangAda previously secured USD10.5m in a seed round in February 2020. Read more… Read More
Vickers Venture Partners, Flint Hills Resources, Swiss pension fund CPV/CAP Pensionskasse Coop, and International (a fund linked to Interogo Holding) co-led a USD133m Series B for RWDC Industries, a Singapore-based biotech company specialized in the production of biodegradable plastic, with… Read More
Singapore-based VC Beenext led a INR1b (approximately USD13m) Series B for India-based logistics startup LoadShare, with participation from new investor CDC Group and existing investors Matrix Partners, Stellaris Venture Partners, and Alteria Capital. Read more… Read More
(default archive template)