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
Japan-based Mitsubishi UFJ Financial Group (MUFG) will invest up to USD727m in Grab, a Singapore-based ride-hailing transport services company valued at USD14b and backed by SoftBank Group. Read more… Read More
Emerging markets private equity fund manager Affirma Capital (formerly known as Standard Chartered Private Equity) has agreed to invest USD34m in Vietnam-focused online recruitment platform Transcendental Human Resources (known locally as Sieu Viet). Read more… Read More
General Atlantic and Facebook led a USD100m Series E for Indian edtech Unacademy. Existing investors Sequoia Capital India, Nexus Venture Partners, Steadview Capital, and Blume Ventures also participated in the round, as well as Flipkart CEO Kalyan Krishnamurthy and… Read More
Apis Partners, Gobi Partners, MEC Ventures, and Riyad Taqnia Fund led a USD20m Series B for Indonesia-based AI enterprise software company Eureka AI. SG Innovate, GDP Ventures, Pacific Bridge, and Cianna Capital also participated in the round. They join existing investors in the company that include… Read More
South Asia- and Africa-focused healthcare delivery platform Evercare, a portfolio company of TPG’s The Rise Fund, has acquired Bangladesh-based Apollo Hospitals Dhaka for BDT10b (approximately USD118m). The investment was made by The Evercare Health Fund, a vehicle acquired by TPG from The… Read More
India-focused alternative asset manager Steadview Capital Management and Tiger Global Management led a USD70m Series C in healthcare data analytics startup Innovaccer. Dragoneer, Westbridge Capital, Mubadala, and Microsoft’s venture fund M12 also participated in the round. Based out of San Francisco, Innovaccer has significant operations in India. Read More
Asia- and North America-focused venture capital firm GGV led a USD24m Series C extension round for interactive online tutoring platform Vedantu, with participation from existing investors. The USD24m extension brings the Series C round to a total of USD66m. Read more… Read More
India-focused private equity fund manager Kedaara Capital led a USD40m investment in India-based pharmaceutical company Ami Lifesciences. Intensive Softshare also participated in the round. Read more… Read More
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