Legend Capital, an independent venture capital unit of China-based conglomerate Legend Holdings, led a USD13m Series C1 for India-based interactive online tutoring platform Vedantu, with participation from global impact investor Omidyar Network. Vedantu previously raised USD66m from Tiger Global and GGV Capital. Read more… Read More
Existing investors Sequoia Capital, Hillhouse Capital, and Digital Sky Technologies (DST) led a USD150m Series E for South Korea-based online grocery delivery startup Kurly. The company is reportedly now valued at USD780m. Read more… Read More
China- and US-focused venture capital fund manager Qiming Venture Partners has reached a USD1.1b final close for its Qiming Venture Partners Fund VII. The vehicle targets early-stage health care and TMT investments. Read more… Read More
Fund managers raised USD2.3b in 2019, the region’s highest annual total since 2013 Fund managers raised USD2.3 billion for Southeast Asia-focused funds in 2019, led by the USD500 million final close of Southern Capital Group’s fourth buyout fund. Over the past six years, PE strategies have accounted for 65% of… Read More
EM private credit funds raised USD8.1b in 2019, led by an increase in special situations fundraising EM private credit fund managers raised USD8.1 billion in 2019. As explored in EMPEA’s 2019 Private Credit Solutions report, investor interest in private credit opportunities has grown in recent years, which is particularly visible… Read More
Infrastructure funds raised USD5.2b in 2019, led by closes for Actis and NIIF funds EM-focused infrastructure fund managers raised USD5.2 billion in 2019, led by commitments to two landmark funds: the USD1.2 billion Actis Long Life Infrastructure Fund and National Infrastructure Investment Fund’s Master Fund, which reached a fourth close… Read More
Private investment in India reached a high of USD20.3b in 2019 despite macroeconomic headwinds Private capital investors deployed record levels of capital in India in 2019 despite slowing economic growth and a continued crisis among non-banking financial companies (NBFCs). Venture capital (VC) fund managers were particularly active, completing 371 deals… Read More
Health care emerged as a top sector for investment in China in 2019 on the eve of the coronavirus crisis Health care emerged as a top sector for investment in 2019, as capital invested grew 22% from 2018 to reach USD8.9 billion. In particular, investors flocked to advanced pharmaceutical and… Read More
LGT Lightstone Aspada, the India-focused impact investment arm of LGT Lightstone, led a USD7m Series A for India-based healthtech Akna Medical. Read more… Read More
A consortium of investors including KKR, PDLT, Tencent Holdings, IFC, and IFC Asset Management’s Emerging Asia Fund, has agreed to commit up to USD120m to Philippines-based tech company Voyager Innovations. This investment follows a USD215m round from the… Read More
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