Southeast Asia-focused venture capital fund managers Openspace Ventures and Jungle Ventures have led a USD6 million Series A investment in SweetEscape, an Indonesia-based on-demand photography platform. Other investors in the funding round include Burda Principal Investments, the investment arm of Germany-based Hubert Burda Media, and the company’s existing shareholders East… Read More
China-based used-car trading platform Uxin has raised USD230 million through a convertible note issuance to investors including private equity fund managers Warburg Pincus and TPG, as well as China-based online classifieds platform 58.com. Uxin’s main offerings include a business-to-business auction platform and a consumer-focused platform providing recommendations, financing, title transfer,… Read More
China-based online health care services provider Miaoshou Doctor has completed a funding round led by China-focused private equity firm Starquest Capital, reportedly valuing the company at CNY7 billion (approximately USD1 billion). Previous backers of the company include Tencent Holdings, Sequoia Capital, Qiming Venture Partners, and Kunling Capital. Founded in 2015,… Read More
Emerging markets-focused private equity fund manager Affirma Capital has invested approximately USD40 million in Tirupati Medicare, an India-based developer and manufacturer of nutraceutical and pharmaceutical products. Tirupati plans to use the funds for research and development and to fulfill its capital expenditure and working capital needs. In another development, Affirma… Read More
Global impacting investing firm Encourage Capital has reached a first close for Encourage Solar Finance with USD40 million in capital commitments. Investors in the fund include KfW, Capricorn Investment Group, the John D. and Catherine T. MacArthur Foundation, the Jeremy and Hannelore Grantham Environment Trust, and the Sant Foundation. The… Read More
Global private equity fund manager Warburg Pincus has reached a final close for Warburg Pincus China-Southeast Asia II with commitments of USD4.3 billion. Investors in the fund include public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations, funds of funds, family offices, and high-net-worth individuals. The fund… Read More
China-focused alternative fund manager Centurium Capital has raised USD1.89 billion in capital commitments for its debut fund. Investors in the fund include Washington State Investment Board, which committed USD200 million. The fund will invest in consumer and health care opportunities in China. Read More
Emerging markets-focused private equity fund manager Affirma Capital has led an investment round for China-based peer-to-peer lender Dianrong. Japan-based financial services provider Orix Group also participated in the round through its China-focused investment platform, Dahlian Financial Industry Investment Group. Previous backers of Dianrong include Aurora Ventures, Northern Light Venture Capital,… Read More
Brookfield Asset Management, a global alternative investment manager, has reportedly acquired two wind farms from India-based renewable energy company Axis Energy Ventures for INR5 billion (approximately USD72 million). The wind farms have a combined generation capacity of 210 megawatts. Read More
India-based health and fitness startup CureFit Healthcare has raised USD120 million in a Series D funding round led by existing backers Chiratae Ventures, Accel, Kalaari Capital, and Oaktree Capital. New investors Epiq Capital, Unilever Ventures, InnoVen Capital, and Kotak Mahindra Bank also participated in the round. CureFit intends to use… Read More
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