China-focused venture capital fund manager Eastern Bell Venture Capital has reached a final close for its debut USD-denominated fund with USD365 million in commitments. Investors in the fund include international sovereign wealth funds, insurance companies, funds of funds, family offices, and corporate investors. The fund will focus on logistics and… Read More
India-focused angel investment group Indian Angel Network (IAN) has reached a final close for its first venture capital fund with INR3.75 billion (approximately USD52 million) in commitments. Investors in the fund include Small Industries Development Bank of India, IIFL Holdings, Yes Bank, Max India, Gray Matters Capital, and Hyundai. Other… Read More
China-based medical instrument producer Peijia Medical has secured CNY700 million (approximately USD100 million) in a Series C funding round from China-focused fund managers Lilly Asia Ventures and Matrix Partners China. Other investors include Far East Horizon’s investment arm Grand Flight Investment and state-owned investment firms China Chengtong Asset Management and… Read More
India, the largest democracy in the world went into general elections in May 2019. The outcome of the election was a landslide victory for the incumbent government. The first budget of the Modi 2.0 government was presented in the backdrop of prevailing challenges being faced by the economy such as… Read More
China-based hyaluronic acid producer Bloomage Biotechnology has raised CNY2.4 billion (approximatelyUSD337 million) in its initial public offering (IPO) on the Shanghai Stock Exchange Star Market. The company sold approximately 50 million shares at CNY47.79 (USD6.80) per share. Bloomage is backed by China-focused growth capital investor Redview Capital, which did not… Read More
Hong Kong-based logistics real estate platform ESR Cayman has raised HKD12.6 billion (approximately USD1.6 billion) in its initial public offering (IPO) on the Hong Kong Stock Exchange. The company sold approximately 752 million shares, including 280 million new shares, at HKD16.8 per share (USD2.14 per share). The platform is backed… Read More
Global alternative asset manager Blackstone has acquired a 37.5 percent stake in India-based medical test preparation provider Aakash Educational Services Limited (AESL) in a transaction that reportedly values the company at USD500 million. AESL offers preparation services across 200 centers and 130 cities in India, reaching more than 250,000 medical… Read More
Fasal, an India-based precision agriculture platform, has secured USD1.6 million in seed funding from early-stage venture capital fund managers Omnivore and Wavemaker Partners. Other investors in the round include venture capital firms Mount Parker Ventures, Animoca, Mistletoe, Zeroth, and Artesian Ventures. The company, which uses an AI-powered platform and on-farm… Read More
Global consumer-focused private equity fund manager L Catterton has reached a final close for its third Asia-focused fund with USD1.45 billion in commitments. The fund will invest in retail and health care opportunities across first-tier cities in China, Japan, India, Southeast Asia, Australia, and New Zealand. Investors in the fund,… Read More
Asia-focused impact investor ABC World Asia, an affiliate of Singaporean sovereign wealth fund Temasek Holdings, has reached a final close for its inaugural fund with SGD385 million (approximately USD283 million) in commitments. Investors in the fund include Temasek Holdings; Temasek subsidiaries Temasek Trust, Pavilion Capital, and Seatown Holdings; real estate… Read More
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