The Blackstone Group has increased its stake in Indian software services firm Mphasis from 52.2% to 56% via the purchase of an additional 6.97m shares. Blackstone originally invested in Mphasis in 2016. Read more… Read More
LGT Lightstone Aspada, the India-focused impact investment arm of LGT Lightstone, led a USD7m investment in India-based microlender SmartCoin. Existing investors Unicorn India Ventures and Accion Venture Lab also participated in the round. Read more… Read More
The SoftBank Vision Fund and RA Hospitality Holdings have invested USD806m in Oravel Stays’ online hospitality firm Oyo. The investment is part of a USD1.5b capital raise. Read more… Read More
China-focused private equity firm CDH Investments has reached a final close for its CDH Fund VI with USD1.5b in commitments. Read more… Read More
Sequoia India, Y Combinator, Venture Highway, and Global Founders Capital have invested USD4.7m in seed funding for India-based teen-focused payments platform Fampay Solutions. Read more… Read More
South Korea-based PE fund Q Capital Partners has acquired a 44.68% stake in pharmaceutical company Seoul Pharma for KRW45b (approximately USD37m). Read more… Read More
Sequoia Capital China, China’s Legend Holdings, and ride-hailing company Didi Chuxing have invested USD161m in property insurer Hyundai Insurance Company (HIC), the Chinese subsidiary of Korean insurance firm Hyundai Marine & Fire Insurance. Read more… Read More
Real estate-focused emerging markets investment firm Jaguar Growth Partners has acquired China-based logistics property company Brilliant Enterprise Management Consulting. Read more… Read More
Early stage VC Strive, formerly known as GREE Ventures, has reached a final close for its third Asia fund at more than USD100m. The vehicle will invest in the B2B sector across Southeast Asia, India, and Japan. Read more… Read More
Northern Arc Investments has reached a USD23m first close for its Northern Arc India Impact Fund, targeting USD100m. Investors include Partners Group-backed PG Impact Investments, Anthos Fund and Asset Management, and Calvert Impact Capital. The fund will invest in a number of debt instruments and targets average deal sizes ranging… Read More
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