China-based electric vehicle manufacturer Weltmeister Motor (WM Motor) has raised CNY3 billion (approximately USD447 million) in a Series C round led by Baidu, a China-based internet company. China-focused venture capital firm Linear Venture and government-backed asset management company Taihang Industrial Fund also invested in the round. WM Motor plans to… Read More
China-focused growth equity fund manager Boyu Capital has reached a final close for its USD-denominated fourth fund with USD3.6 billion in capital commitments. Investors in the fund include Singaporean sovereign wealth funds GIC and Temasek Holdings, Chinese businessman Li Ka-shing, family offices, and pension funds, including New York Common Retirement… Read More
China-focused venture capital fund manager MSA Capital (formerly known as Magic Stone Alternative Investment) has reached a first close for MSA China Fund II with USD197 million in capital commitments. The fund received commitments from 13 investors and is targeting a final close of USD250 million in total commitments. MSA… Read More
India-based e-commerce logistics platform Delhivery has raised USD395 million in a Series F funding round led by Japan-based technology and investment group SoftBank. Global alternative asset management firm The Carlyle Group and China-based conglomerate Fosun International also participated in the round, which reportedly values Delhivery at USD1.6 billion. SoftBank invested… Read More
Indonesia-based digital health services company Halodoc has raised USD65 million in a Series B funding round led by UOB Venture Management, the direct equities arm of Singapore-based financial services group United Overseas Bank. Other investors in the Series B include private equity fund manager Korea Investment Partners, China-based health care… Read More
Accion Venture Lab, the seed-stage investment initiative of financial inclusion-focused investment firm Accion, has participated in the USD3 million Series A investment round for Destacame, a Chile-based personal financial management platform. Latin America-focused venture capital firms Fen Ventures and Mountain Nazca also participated. Destacame will use the new funds to… Read More
Singapore-based artificial intelligence company ViSenze has raised USD20 million in a Series C funding round led by Asia-focused venture capital firm Gobi Ventures and Sonae IM, the technology investment arm of Sonae Group. Other participants in the round include existing investors Rakuten Ventures, WI Harper, Singapore Press Holdings Ventures, Raffles… Read More
Global private equity firm Bain Capital has acquired a majority stake in China-based data center developer and operator Xiamen Qinhuai Technology for CNY990 million (approximately USD146 million) from parent company NetScience Technology. The deal also reportedly includes an additional CNY300 million (approximately USD44 million) investment from three NetScience executives. Qinhuai… Read More
Kotak Investment Advisors, the alternative investment arm of Kotak Mahindra Bank, has reached a first close for Kotak Special Situations Fund with USD625 million in capital commitments. The fund received a USD500 million anchor commitment from the Abu Dhabi Investment Authority. Kotak Special Situations Fund will invest in non-performing loans… Read More
China-based delivery services company Lalamove has secured USD300 million in a two tranches Series D funding round led by China-focused private equity fund manager Hillhouse Capital and global venture capital firm Sequoia Capital. Other participants in the round include private equity and venture capital fund managers Eastern Bell Venture Capital,… Read More
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