outh- and Southeast Asia-focused early-stage impact investor Aavishkaar will exit its stake in Jaypore E-Commerce, an India-based retailer of clothing, handicrafts, and accessories, to Aditya Birla Fashion and Retail (ABFRL). ABFRL has agreed to acquire 100 percent of Jaypore at an enterprise value of INR1.1 billion (approximately USD16 million). Separately,… Read More
China-focused venture capital firm Sinovation Ventures has reached a final close for its latest RMB-denominated fund with CNY2.5 billion (approximately USD362 million) in capital commitments. The fund was reportedly launched in May 2018 in cooperation with the Guangzhou government. The fund will target early- and growth-stage investments in artificial intelligence,… Read More
China-based online education services company GSX Techedu has raised USD208 million in its initial public offering (IPO) on the New York Stock Exchange. The company sold 20 million American Depositary Shares (ADS), with 3 ADSs representing 2 Class A ordinary shares, at a price of USD10.50 per ADS in the… Read More
China-based online education services company GSX Techedu has raised USD208 million in its initial public offering (IPO) on the New York Stock Exchange. The company sold 20 million American Depositary Shares (ADS), with 3 ADSs representing 2 Class A ordinary shares, at a price of USD10.50 per ADS in the… Read More
Global alternative investment manager KKR has reportedly committed USD50 million to purchase a controlling stake in and recapitalize Svakarma Finance, an India-based impact-focused non-banking financial company. Svakarma lends to micro-, small-, and medium-sized enterprises in semi-urban and rural areas. Read More
Global growth equity fund manager General Atlantic has led a USD51 million Series C investment in India-based real estate services company Nobroker. Asia-focused private equity and venture capital firms SAIF Partners and BEENEXT also participated in the funding round. Through its digital platform, Nobroker provides end-to-end rental and trading services… Read More
EV Growth, a Southeast Asia-focused technology-oriented growth capital joint venture established by East Ventures, Sinar Mas Digital Ventures, and Yahoo Japan’s corporate venture capital arm YJ Capital, has reached a final close for its first fund with USD200 million in commitments. Investors in the fund include SoftBank Group, Pavilion Capital,… Read More
India-based agriculture-focused financial services provider Samunnati Financial & Intermediation Services has raised INR3.9 billion (approximately USD55 million) in a Series D funding round led by Nuveen, the investment management arm of Teachers Insurance and Annuity Association of America (TIAA). Existing investors Elevar Equity, responsAbility Investments, and Accel Partners also participated… Read More
Global private equity firm Bain Capital has agreed to invest USD570 million in China-based data center developer and operator Beijing Qinhuai Technology. In addition to data center planning, design, construction, and operation, the company provides network and IT support services to clients. Bain will provide the company with strategic support… Read More
India-based hospital network Manipal Hospitals has agreed to acquire Medanta, a multi-specialty hospital chain also based in India, for INR58 billion (approximately USD835 million). The transaction will provide an exit for global alternative asset manager The Carlyle Group. Singaporean sovereign wealth fund Temasek Holdings, an investor in both Manipal and… Read More
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