Growth markets investor Actis has led a US$82 million investment round for India-based digital retail payments platform Pine Labs. Global technology-focused investment firm Altimeter Capital also participated in the round. Pine Labs plans to use the funds to increase network penetration in India and expand operations to other countries. Read More
China-focused venture capital firm Shunwei Capital Partners has led a US$100 million Series D funding round for China-based virtual home design technology company Kujiale. Pavilion Capital, an investment arm of Singaporean sovereign wealth fund Temasek Holdings, also participated in the round alongside existing investors IDG Capital, GGV Capital, Yunqi Capital,… Read More
Global SME-focused investment firm Small Enterprise Assistance Funds (SEAF) has invested in Vietnam-based health care provider Phuong Chau (PCJSC) through the SEAF Women’s Opportunity Fund. PCJSC, which operates the Phuong Chau Hospital and provides obstetrics and gynecology services to women in the greater Can Tho region of Vietnam, plans to… Read More
India-focused venture capital fund manager Prime Venture Partners has reached a final close for its third fund with INR4 billion (approximately US$62 million) in capital commitments. The fund will primarily invest in early-stage technology startups in the financial services, health care, education, logistics and software-as-a-service sectors in India. Read More
Indonesia-based ride-hailing, delivery and personal services platform Go-Jek has raised a US$1.5 billion Series E investment round from a consortium of new and existing investors. The consortium includes internet and technology companies Google, Tencent Holdings, JD.com and Meituan-Dianping; Singaporean sovereign wealth fund Temasek Holdings; fund managers BlackRock, KKR, Warburg Pincus,… Read More
Samena Capital, a principal investment group focused on the Indian subcontinent, the Middle East and North Africa, and Cenova Capital, a fund manager focused on health care in China, have invested US$83 million in Hong Kong-based medical services provider Virtus Medical Holdings. The company’s management team also participated in the… Read More
China-based online credit assessment and reporting company Wecash Technology has raised a US$160 million Series D funding round led by corporate venture capital firm ORIX Asia Capital and SEA Group. Susquehanna International Group (SIG), Sagamore Investments, Forebright Capital, Lingfeng Capital and Hongdao Capital also participated in the round. Wecash plans… Read More
IQGEN Holdings, an investment advisory firm focused on health care in Asia, has reached a final close for its debut fund with US$25 million in capital commitments. Investors in the Vantage fund include high-net worth individuals and family offices. The fund, which will invest in markets including India, Malaysia, Singapore… Read More
India-focused venture debt fund manager Alteria Capital has reached a first close for Alteria Capital India Fund I with INR3.56 billion (approximately US$55 million) in capital commitments. Investors in the fund include India-based IndusInd Bank and a family office foundation. The fund, which is targeting INR8 billion (approximately US$123 million)… Read More
China-based internet and technology company Tencent Holdings has led a US$818 million Series C investment round for China-based used automobile retail platform Chehaoduo, previously known as Guazi. Existing investors Sequoia Capital China, H Capital, DST Global, Capital Today, Shougang Fund and Shanhang Capital Investment also participated in the round, along… Read More
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