China-based data center operator Tenglong Group has secured RMB26 billion (approximately USD3.7 billion) in an investment round led by Morgan Stanley Private Equity Asia (MSPEA) and Chinese state-owned conglomerate China Nanshan Development Group. Additional investors include China-focused private equity investor Kaiyuan Capital, China-listed financier Haitong Unitrust International Leasing, and Huaneng… Read More
FinAccel, a Singapore-based fintech company operating in Indonesia under the Kredivo brand, has raised USD90 million in a Series C funding round led by Asia-focused venture capital fund manager Square Peg and Mirae Asset-Naver Asia Growth Fund, an investment vehicle established by global asset manager Mirae Asset Global Investments and… Read More
Global venture capital firm Accel Partners has reached a final close for its sixth India-focused fund with USD550 million in commitments. The fund will target seed and early-stage venture capital opportunities in sectors including food delivery, digital payments, e-commerce, agtech, education, insurance, logistics, health care, real estate, and manufacturing. Read More
India-based health care platform PharmEasy has raised USD220 million in an investment round led by Singaporean sovereign wealth fund Temasek Holdings. Additional investors in the round, which reportedly values the company at USD700 million, include Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ); asset management group LGT;… Read More
China-focused private capital investors Primavera Capital Group and FountainVest Partners have acquired a 25 percent stake in China-listed retail pharmaceutical chain Laobaixing Pharmacy Chain (LBX) from global private equity fund manager EQT Partners for USD557 million. FountainVest China Capital Partners Fund III and Primavera Capital Fund III acquired a total… Read More
Asia-focused private equity fund manager STIC Investments has invested KRW600 billion (approximately USD513 million) in the Malaysia unit of South Korea-based electronic components developer ILJIN Materials. ILJIN Materials Malaysia produces copper foils for use in rechargeable lithium batteries and semiconductors, and plans to use the new capital to increase the… Read More
Singapore-based digital payments platform 2C2P has raised USD52 million in new funding from global development finance institution IFC and Asia-focused venture capital investors Cento Ventures and Arbor Ventures. 2C2P operates across Southeast Asia, North Asia, the United States, and Europe, with a focus on ASEAN countries. The capital will help… Read More
India-based digital payments company Paytm has raised USD1 billion in an investment round led by US-based asset manager T. Rowe Price. Additional participants in the round, which reportedly values the company at USD16 billion, include the SoftBank Vision Fund, China-based online payment platform Ant Financial, and global venture capital investor… Read More
China-focused investors Ping An Capital, Primavera Capital, and Junqian Management have agreed to acquire a 51 percent stake in China-based dairy products producer Junlebao for CNY4 billion (approximately USD569 million) from parent company China Mengniu Dairy. Junlebao, which operates 17 production plants and 10 ranches, primarily produces milk powder, low-temperature… Read More
Tulip Diagnostics, an India-based reproductive health diagnostics company, has acquired India-based diagnostics device manufacturer Biosense Technologies, facilitating an exit for Asia-focused venture capital impact investors Insitor Partners and Menterra Venutures. Biosense produces affordable point-of-care diagnostic products for the screening, diagnosis, and management of chronic diseases. Insitor and Menterra originally invested… Read More
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