India-focused private equity fund manager InvAscent has closed India Life Sciences Fund III at its hard cap of US$250 million in commitments. Investors in the fund—which will provide equity growth capital to India-based pharmaceutical, health care and medical technology companies—include pension funds, endowments, family offices and funds of funds from… Read More
The Rise Fund, an impact investing fund managed by global investment firm TPG, and emerging markets-focused venture capital firm Elevar Equity have led a Series A investment round of INR250 million (approximately US$3.5 million) for content platform The Better India. The company, which publishes online news focused on positive stories… Read More
Global alternative asset manager Investcorp has acquired the private equity and real estate investment management businesses of India-focused private investment fund manager IDFC Alternatives, along with the firm’s existing team of 20 investment professionals. The businesses currently manage approximately US$430 million in assets across two private equity funds and two… Read More
A consortium led by global alternative asset manager KKR has completed the acquisition of Taiwan-based petrochemical product manufacturer LCY Chemical, valuing the company at TWD48 billion (approximately US$1.55 billion). The consortium acquired all of the issued and outstanding shares of LCY for TWD56 (US$1.82) per share in cash, adjusted to… Read More
Africa- and India-focused recruiting and human resources solutions provider Shortlist has raised US$2 million in a Series A funding round led by family office Blue Haven Initiative. Compass Venture Capital and existing investor Zephyr Acorn also participated in the round. Shortlist provides digital job application and human resources management services… Read More
India-based value apparel retailer Citykart Retail has raised INR1 billion (approximately US$14 million) from India-focused alternative investment firms IDFC Alternatives and India SME Investments, which have acquired a significant minority stake in the company. Citykart plans to use the funds to open new stores in northern and eastern India and… Read More
India-based non-banking finance company Aye Finance has raised US$10 million via non-convertible debentures from impact investment fund manager responsAbility Investments and India-based lender Northern Arc Capital. Aye will use the proceeds to bolster its business loan offerings to micro-, small- and medium-sized enterprises in India. Read More
Global private equity fund manager Warburg Pincus has led a US$255-million Series D investment round for DaDa, a China-based K-12 online English language tutoring service. Existing investors TAL Education Company and Yonghua Capital also took part in the round. Separately, Warburg has led a Series C funding round, reportedly of… Read More
Global private investment firm Tiger Global Management has led a CNY300-million (approximately US$44 million) Series C funding round for China-based software developer GaiaWorks. Existing investors Warburg Pincus and Matrix Partners also participated in the round. GaiaWorks, which provides workforce management software and cloud services to manufacturing, retail and services companies… Read More
WayCool Foods, an India-based food distribution platform, has raised INR1.2 billion (approximately US$17 million) in equity and debt financing from private equity impact investor LGT Impact, India-based lenders Northern Arc Capital and Caspian and unnamed angel investors. The company will use the funds to expand operations across Southern and Western… Read More
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