Tata Capital Invests USD5m in Indian SaaS Firm Indusface Consulting
Tata Capital has invested INR380m (approximately USD5m) in India-based SaaS firm Indusface Consulting via Tata Capital Growth Fund II. Read more… Read More
Openspace and GAW Capital Lead USD8.3m Series A+ for Singaporean Cleantech SensorFlow
Southeast Asia-focused venture capital fund manager Openspace Ventures and real estate-focused private equity fund manager Gaw Capital Partners led a USD8.3m Series A+ for Singapore-based cleantech SensorFlow, with participation from Pierre Lorinet and Aurum Investments. Read more… Read More
Warburg Pincus Makes USD70m Follow-on Investment in India’s Apollo Tyres
Warburg Pincus has made a USD70m follow-on investment in India-based tire maker Apollo Tyres, raising its stake in the company to 18%. Warburg Pincus previously invested USD150m in February 2020. Read more… Read More
Delaware Public Employees Commits USD30m to IDG Capital’s China Venture Fund VI
US-based pension fund Delaware Public Employees’ Retirement System (DPERS) has committed USD30m to venture capital and private equity investment firm IDG Capital’s China Venture Capital Fund VI. Read more… Read More
Northstar Group Reaches USD260m First Close for Fifth Southeast Asia Fund
Southeast Asia-focused private equity fund manager Northstar Group has reached a USD260m first close for Northstar Equity Partners V, a Southeast Asia-focused fund with a target of USD800m. Read more… Read More
Hillhouse Capital Acquires 1% Stake in India’s United Breweries for USD40m
Hillhouse Capital has acquired a 1% stake in India-based beer maker United Breweries for USD40m. Read more… Read More
LOGOS, Ivanhoé Cambridge, and Bouwinvest Reach USD800m First Close for China Logistics Development Venture
LOGOS, CDPQ’s real estate investment arm Ivanhoé Cambridge, and Dutch institutional investor Bouwinvest reached a USD800m first close for LOGOS China Logistics Venture 4. An unnamed GCC-based (Gulf Cooperation Council) investor also partnered on the venture. Read more… Read More
ADB Ventures Reaches USD50m Final Close for Debut Fund
ADB Ventures, the VC unit of the Asian Development Bank, has reached a USD50m final close for its first impact fund with commitments from Clean Technology Fund, Nordic Development Fund, Finland’s Ministry for Foreign Affairs, and the Republic of Korea’s Ministry of Economy and… Read More
Legend Capital and SoftBank Invest USD150m in Didi Chuxing’s Bike-Sharing Unit
Legend Capital, an independent venture capital unit of China-based conglomerate Legend Holdings, and SoftBank have invested USD150m in ride-hailing company Didi Chuxing’s bike-sharing unit Qingju. Didi invested USD850m, bringing the total commitments to USD1b. Read more… Read More
Warburg Pincus to Acquire Additional 17.11% Stake in China Auto Retailer (CAR) for USD145m
Warburg Pincus has agreed to acquire an additional 17.11% stake in Hong Kong-listed car rental service provider China Auto Rental (CAR) for USD145m. The purchase will bring Warburg’s stake in the company to 27.22%, making it the majority shareholder. Read more… Read More
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