QED Investors Leads USD5m Pre-Series B for Indonesia’s Pashouses
QED Investors led a USD5m pre-Series B for Pashouses, an Indonesia-based real estate marketplace. This is QED’s first known investment in Southeast Asia. Read more… Read More
SoftBank Sells 4.5% Stake in India’s Paytm for ~USD200m
SoftBank sold a 4.5% stake in India-based payments app Paytm for INR16.3b (~USD200m) on the NSE. The sale follows the end of one-year mandatory lock-in for pre-IPO investors in Paytm. Read more… Read More
India’s Five Star Business Raises ~USD195m in IPO
Five Star Business Finance, an India-listed nonbank lender for SMEs, raised INR15.9b (~USD195m) in its IPO on the BSE and NSE. The offering included share sales by Sequoia India, Matrix Partners, Norwest Venture Partners and TPG. Read more… Read More
Lightrock Leads USD33m Series B for India’s BeatO
Lightrock India led a USD33m Series B for BeatO, an India-based diabetes monitoring app, with participation from HealthQuad and Flipkart, and follow-on from Blume Ventures, Orios Venture Partners, Leo Capital, W Health Ventures and others. Read more… Read More
Temasek and Alibaba Lead USD40m Series A+ for China’s YAHAHA
Temasek and Alibaba led a USD40m Series A+ for YAHAHA, a China-based metaverse platform for game developers, with participation from 37 Interactive Entertainment. Read more here and here… Read More
GSV Ventures Leads USD45m Series E for India’s Simplilearn
Simplilearn, an India-founded, US-based professional upskilling platform, raised a USD45m Series E led by GSV Ventures, with participation from Clal Insurance and DisruptAD. Blackstone acquired a controlling stake in 2021. Read more… Read More
Blackstone To Take India’s R Systems Private for ~USD359m
Blackstone agreed to acquire a 52% stake in India-listed IT services company R Systems from company management. The agreement triggered an offer to delist the company for a total transaction value of up to USD359m. Read more… Read More
China’s Kasco Raises ~USD72m Series B Led by China Venture Capital, Source Code Capital and Shenzhen Capital Group
Kasco, a China-based air suspension system manufacturer for passenger vehicles, raised a CNY510m (~USD72m) Series B led by China Venture Capital, Source Code Capital and Shenzhen Capital Group, with participation from Yonghua Capital, Huoyan Capital, Shanshan Venture Capital and Dening Capital. Read more… Read More
Temasek and Kaitai Capital Lead USD35m Pre-Series B2 for China’s Lupeng Pharmaceutical
Temasek and Kaitai Capital led a USD35m pre-Series B2 for Lupeng Pharmaceutical, a China-based clinical-stage drug developer for cancer treatment, with follow-on from Lilly Asia Ventures, Fontus Capital and Lake Bleu Capital. Read more… Read More
India’s Lentra Raises USD60m Series B Led by Bessemer Venture Partners and SIG
Lentra, an India-based embedded finance platform, raised a USD60m Series B led by Bessemer Venture Partners and SIG, with participation from Citi Ventures. Read more… Read More
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