South Korea-based commercial air carrier Air Premia has raised KRW40 billion (approximately US$36 million) from Neoplux, the investment arm of South Korea-based conglomerate Doosan Group, and Yuanta Investment, a U.S.- and Asia-focused asset management firm. Neoplux and Yuanta have reportedly committed KRW30 billion (US$27 million) and KRW10 billion (US$9 million),… Read More
India-focused venture capital firm Chiratae Ventures has sold a 36 percent stake in Vserv Digital Services, an India-based digital advertising company, to global hedge fund manager Maverick Capital. Vserv offers targeted mobile marketing solutions through its online platform. Chiratae first invested in the company in July 2011 through IDG Ventures… Read More
The India arm of United States- and Asia-focused venture capital firm Matrix Partners has reach a final close for its third fund with US$321 million in capital commitments. Investors in the fund include North America-, Europe- and Middle East-based university endowments, foundations and financial institutions. The fund will target seed,… Read More
India-focused private equity fund manager ChrysCapital has reached a final close for its eighth fund with US$867 million in capital commitments. Investors in the fund include Ontario Teachers’ Pension Plan, fund of funds managers Asia Alternatives Management and Adams Street Partners, Singaporean sovereign wealth fund GIC and Harvard Management Company. Read More
Global SME-focused impact investing firm SEAF has invested in eDukaty, a Morocco-based education technology company. SEAF invested in the company, which develops online French admissions examination preparation products, through the Morocco Growth Fund. Separately, SEAF has also announced an investment in Organica, a Vietnam-based organic and natural food retailer and… Read More
India-focused private investment fund manager IDFC Alternatives has led a Series B round of US$30 million for Zolostays, an India-based developer and manager of co-living spaces. Other participants in the funding round include Mirae Asset Global Investments, Nexus Venture Partners, OLX founder Alex Oxenford, Olympia Group and Patni Computers Family… Read More
India-focused private equity fund manager Gaja Capital has sold a 20 percent stake in India-based spirits company John Distilleries to Sazerac, a U.S.-based liquor producer. The transaction reportedly values John Distilleries at INR10 billion (approximately US$144 million). The deal marks Sazerac’s second investment in the company after it purchased a… Read More
India-based budget hotel chain Imperativ Hospitality has raised INR1 billion (approximately US$14 million) from Samena Capital, a principal investment group focused on South Asia, the Middle East and North Africa, to complete its Series B funding round. Samena initially invested INR1.1 billion (approximately US$17 million) in Imperativ’s Series B in… Read More
Global private equity fund manager Warburg Pincus and China-based commercial real estate developer CREATER have agreed to establish a joint venture to pursue urban redevelopment projects in China. As part of the agreement, Warburg will commit up to US$300 million in equity to CREATER at the corporate level and to… Read More
Asia-focused fund of funds manager Axiom Asia Private Capital has reached a final close for its fifth regional fund of funds with US$1.4 billion in capital commitments. Investors in the fund include State Teachers Retirement System of Ohio, which committed US$75 million; Montana Board of Investments, which invested US$40 million;… Read More
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