Tenaya Capital, Sequoia India, Mirae Asset Management, and Intudo Ventures have invested USD31m in Indonesia-based logistics startup Kargo. The startup, co-founded by veteran Uber Asia executive Tiger Fang, plans to establish a USD1m relief fund for truckers and partnerships with charitable organizations that are delivering meals… Read More
LGT’s Lightstone Global Fund led a USD18m Series D for India-based logistics startup Porter. LGT Lightstone holds a 17.63% stake in the company. Read more… Read More
India-focused growth capital fund manager Gaja Capital has invested USD26.7m in India-based fintech Navi Technologies. The company was co-founded by Flipkart co-founder and former CEO Sachin Bansal. Read more… Read More
Investcorp has reached a USD275m first close for its Asia Food Growth Fund. Read more… Read More
Korea-focused private equity fund manager VIG Partners has agreed to acquire a controlling stake in South Korea-based funeral service provider Preedlife. The deal is expected to close during the third quarter of 2020, the details of the transaction were undisclosed. Read more… Read More
Microsoft’s corporate venture fund M12 led a USD24.5m Series D for India-based logistics management startup FarEye, with participation from Honeywell Venture Capital, Eight Roads Ventures, and SAIF Partners. M12 invested USD10m, Honeywell and Eight Roads invested USD5m each, and SAIF Partners committed USD4.5m. Read more… Read More
Venture capital firms Hummingbird Ventures and Bedrock Capital have invested USD2m in India-based digital banking startup Jupiter. The startup previously raised USD24m in seed funding from Sequoia Capital, 3one4 Capital, Matrix Partners, and Beenext. Read more… Read More
Alibaba and existing investors CDC Group and Mirae Asset Management have invested USD60m in a bridge round for India-based online grocery delivery startup BigBasket. Read more… Read More
Chinese health care-focused private equity firm Huagai Capital has reached a USD434m final close for its third health care fund targeting investment opportunities in the biopharmaceutical, medical equipment, and health care service fields. Read more… Read More
China-focused private equity firm CDH Investments has reached a USD1.1b final close for its fifth China mezzanine fund. The vehicle will focus on real estate, special opportunities, and M&A. Read more… Read More
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