VC Rukam Capital led an undisclosed round of funding for India-based startup Sleepy Owl Coffee, with participation from AngelList India and DSG Consumer Partners. Read more… Read More
Southeast Asia-focused VC Elev8.vc has reached a USD15m final close for its debut fund. The vehicle will invest in early-stage startups with a focus on deep tech and B2B. Read more… Read More
Swiss impact fund manager responsAbility Investments has invested INR860m (approximately USD11.8m) in India-based SME-focused lender Ess Kay Fincorp. Existing shareholders also include Setia, TPG Growth, Norwest Venture Partners, Baring Private Equity India, and Evolvence India. Read more… Read More
India-focused private equity firm Paragon Partners has led a USD30m round of mixed equity and debt for Indian SME-focused digital lending platform SMEcorner. Founder Samir Bhatia, and existing investors Quona Capital and Accion Venture Lab also participated. Read more… Read More
India-based VC firm the Fundamentum Partnership led a USD43.7m Series B for Indian used car platform Spinny, with participation from existing investors Accel, SAIF Partners, and Alteria Capital. Read more… Read More
Kotak Special Situations Fund, managed by Kotak Investment Advisors, has invested INR5b (approximately USD69m) in debt and equity in Indian stainless steel producer Jindal Stainless for a 5% stake in the company. The debt transaction includes the purchase of debentures to help Jindal Stainless come out… Read More
Religare Enterprises has acquired an additional 14.36% stake in Indian SME lender Religare Finvest (RFL) from private equity investors Jacob Ballas India and Resurgence PE for INR560m (approximately USD8m). Post the acquisition, RFL has become a wholly-owned subsidiary of the company. Read more… Read More
Asia Pacific-focused private equity firm CBC Group has reached a USD300m final close for its private credit fund targeting the healthcare sector in China. Read more… Read More
Global infrastructure investment manager I Squared Capital has agreed to sell its stake in Taiwan-based solar development, construction, and operating platform Chenya Energy to Japan’s Marubeni Corporation. Read more… Read More
Singapore-based private equity firm Asia Partners and Korean venture capital firm Intervest have invested USD35m in Hong Kong-based edtech startup Snapask. Read more… Read More
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