Asian payment solutions provider Pine Labs secured an undisclosed investment from global payments technology giant Mastercard as part of a USD300m financing round. Previous investors include Sequoia Capital, Temasek, PayPal, and Actis. Read more»… Read More
Olympus Capital Asia made an undisclosed investment in Constant Energy, a Thailand-based renewable electricity generation and storage company. The capital will be used to target the commercial and industrial (C&I) renewable and storage market in Southeast Asia. Read more»… Read More
Singapore-based private equity firm Asia Partners completed a second close of its debut fund, Asia Partners I LP, at USD118m. The fund is looking to make investments starting at USD20m in post Series B rounds for Southeast Asian tech startups. Read more»… Read More
Existing investors B Capital Group (run by Facebook founder Eduardo Saverin) and Accel made a USD105m Series D in Bangalore-based bike- and scooter-rental startup Bounce. Read more»… Read More
Global alternative asset manager Ares Management agreed to acquire a majority stake in Asia-focused credit and special situations fund manager SSG Capital for an undisclosed amount. The deal is expected to close by the third quarter of 2020. Read more»… Read More
Indian food app provider Zomato acquired Uber’s food delivery business in India in an all-stock transaction, giving Uber 9.99% ownership in Zomato. Read more»… Read More
Hong Kong-based Baring Private Equity Asia closed Fund VII with commitments of USD6.5b with the majority of the capital coming from pension funds and sovereign wealth funds. The Asia-focused fund will target health care, education, IT services & software, business services, financial services, consumer, and advanced manufacturing sectors. Read More
US- and Hong Kong-based venture fund Lever VC made an undisclosed pre-seed investment in TurtleTree Labs, a Singaporean company working with biotechnology to create the full nutritional content of milk. KBW Ventures and K2 Global participated in the round. Read more»… Read More
Kristal Advisors, which operates Singapore-based digital asset management platform Kristal.Al, has raised USD100m Series A round led by India-focused venture capital firm Chiratae Ventures and Desai Family Office. Read more»… Read More
Chinese corporate training platform Yunxuetang raised a USD100m Series D led by China-focused private equity firm Centurium Capital. Existing investors YF Capital and SIG also participated in the round. Read more»… Read More
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