The SoftBank Vision Fund, a private investment fund managed by Japan-based technology conglomerate SoftBank, has led an investment of US$1 billion in India-based hospitality chain OYO Rooms. Venture capital fund managers Sequoia Capital and Lightspeed Venture Partners and principal investment firm Greenoaks Capital also participated in the funding round. The… Read More
Southeast Asia-focused venture capital fund manager Golden Gate Ventures has led a pre-Series B funding round of US$15 million for Shohoz, a Bangladesh-based ride-hailing and online ticket booking platform. Singaporean angel investor Koh Boon Hwee and early-stage venture capital firms Linear Venture and 500 Startups also participated in the funding… Read More
Private equity impact investors LGT Impact and Lok Capital have committed INR650 million (approximately US$9 million) in a Series C financing round for Unmeed Housing Finance, an India-based provider of home loans to low- and middle-income families. LGT invested INR600 million (approximately US$8.3 million), and Lok, which also participated in… Read More
Private equity fund managers Orchid Asia Group and TPG have led a US$110 million Series C round for China-based marketing solutions provider Duiba. The latter helps companies obtain and manage users on their apps and designs customer loyalty programs. The company operates a software-as-a-service platform and an interactive advertising platform. Read More
Mekong Capital, a Vietnam-focused private equity fund manager specializing in consumer goods and services, has fully exited Minh Hoang Garment, a Vietnam-based manufacturer of sports apparel and outerwear. The deal represents the final divestment for Mekong Enterprise Fund, which first invested US$2 million in Minh Hoang in 2005. Financial details… Read More
India-based microfinance institution Satya MicroCapital has raised INR400 million (approximately US$6 million) in the form of non-convertible debentures from impact investment fund manager responsAbility Investments and Microfinance Enhancement Facility, a lender to microfinance institutions in developing countries. Satya MicroCapital uses a collateral-free group-lending model that allows borrowers to share repayment… Read More
India-focused private equity firm Multiples Alternate Asset Management has reached a first close for its third fund with approximately US$400 million in capital commitments. Investors in the fund include high-net worth individuals Mukesh Ambani, who committed INR1 billion (approximately US$15 million), Binny Bansal and Sunil Munjal. Multiples III was launched… Read More
China-focused private equity fund manager Hillhouse Capital has reached a final close for Hillhouse Fund IV with US$10.6 billion in capital commitments. Investors in the fund include San Francisco Employees Retirement Fund, which committed US$100 million, Texas County and District Retirement System, which committed US$85 million, and other pension funds,… Read More
Global private equity fund manager Warburg Pincus and warehousing and logistics company NewEase China have each invested US$400 million to establish a logistics platform, which will also operate under the NewEase China name. The new enterprise will primarily serve e-commerce companies operating through domestic airports and urban hubs. Warburg will… Read More
India-focused alternative investment fund manager Motilal Oswal Private Equity has reached a first close for India Realty Excellence Fund IV (IREF IV) with INR5.75 billion (approximately US$80 million) in capital commitments. Investors in the fund include high-net worth individuals and family offices, including several existing investors in the firm’s previous… Read More
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