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
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 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
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 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
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
Glenwood Private Equity agreed to invest KRW680b (~USD514m) to acquire a minority stake in Hanwha Advanced Materials, a South Korea-based manufacturer of lightweight composite materials, from its South Korea-listed parent company Hanwha Solutions. Read more… Read More
KKR led a USD48m Series C for Privy, an Indonesia-based digital identity verification services provider, with participation from Singtel Innov8 and follow-on from MDI Ventures, GGV Capital and Telkomsel Mitra Inovasi. Read more… Read More
Sembcorp agreed to acquire a 100% interest in Vector Green Energy, an India-based renewable energy independent power producer, for INR27.8b (~USD345m). The deal will facilitate an exit for Global Infrastructure Partners’ India Infrastructure Fund II. Read more… Read More
Tiger Global sold a 3.57% stake in India-based, NSE- and BSE-listed insurance aggregator PolicyBazaar’s parent firm PB Fintech for INR6b (~USD75m). Read more… Read More
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