The Carlyle Group will partially exit India-based credit card-issuing company SBI Cards & Payment Services via an IPO estimated at USD1.25b. Carlyle will sell just over a third of its 26% stake and is positioned to make 9.4 times in returns after only two… Read More
Multiples Alternate Asset Management exited India-based industrial machinery manufacturer The Anup Engineering via a sale of its 2.22% stake in the company for approximately USD1.6m. Read more… Read More
CDC Group led a USD20m Series B for India-based startup iMerit Technology Services. Existing investors Omidyar Network, Michael and Susan Dell Foundation, and Khosla Impact also participated in the round. Read more… Read More
Ribbit Capital and Coatue PE led a USD75m Series C for India-based fintech BharatPe. Amplo Opportunities, Grace Software Holdings, and Steadview also participated in the round. Read more… Read More
Chinese private equity firm CMC Capital Partners has reached a USD950m final close for its third US dollar-denominated fund. A combination of public pension funds, sovereign wealth funds, insurance companies, funds-of-funds, financial institutions, and endowments invested in the fund. Read more… Read More
South Korea-based early-stage VC Bass Investment has reached a KRW37.7B (approximately USD31.1m) final close for its second fund. Read more… Read More
Korea-focused private equity fund manager Hahn & Company has agreed to sell its 40% stake in IT system integrator Ssangyong Information & Communications for KRW24b (approximately USD23m) to information technology system Itcen and its affiliate Comtec System. Hahn & Co. will remain a minority shareholder of… Read More
Sequoia Capital India led a USD32m Series C for India-based Saas Whatfix. Eight Roads Ventures, F-Prime Capital, and Cisco Investments also participated in the round. Read more… Read More
Naspers has led a USD113m funding round for Indian online food delivery platform Swiggy. Existing investors Meituan Dianping and Hadley Harbour Master Investments (a unit of Welling Management) also participated in the Series I round. Read more… Read More
India-focused early stage venture capital firm Blume Ventures has reached a USD102m final close for its Blume Ventures Fund III. Read more… Read More
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