India- and Southeast Asia-focused private equity firm Capital Square Partners has acquired a 55 percent stake in India-based IT services provider Indecomm Global Services for US$90 million. India-focused investment firm WestBridge Capital Partners, global investment firm Tiger Global Management and development finance institution International Finance Corporation sold their stakes in… Read More
Vietnam-focused private equity firm Mekong Capital has invested in Vietnam-based cold chain logistics specialist ABA Cooltrans through Mekong Enterprise Fund III. With Mekong Capital’s support, ABA Cooltrans will strengthen its management team, incorporate best practices and improve service quality. Financial details of the transaction were not disclosed. … Read More
Private equity firms KKR, Warburg Pincus, Farallon Capital Management and Capital Group Private Markets have agreed to invest US$550 million in Go-Jek, an Indonesia-based on-demand motorcycle ride-hailing, food delivery, courier and lifestyle services platform. An unspecified number of previous investors also participated in the round. KKR invested through its Asian… Read More
China-based online English education platform VIPKID has raised a US$100 million Series C round of funding from private equity firm Yunfeng Capital and venture capital firm Sequoia Capital. At least one other undisclosed venture capital firm also participated. VIPKID will use the new funding to acquire more users in the… Read More
Global private equity firm Warburg Pincus has agreed to invest US$125 million in India-based third-party logistics platform Stellar Value Chain Solutions. Stellar aims to provide integrated logistics services, including multi-user modern warehousing, primary and secondary distribution, e-fulfillment and cold storage. Read More
Venture capital firm Sequoia Capital has led an INR800 million (approximately US$12 million) Series E round for India-based online health products vendor Healthkart. Philanthropic investment firm Omidyar Network and India-focused venture capital firm Kae Capital also participated in the round. Healthkart will use the new capital to support its marketing… Read More
Rakuten Ventures, the corporate venture arm of Japanese e-commerce and internet company Rakuten, has led a US$35 million Series B round for Singapore-based online market application Carousell. Venture capital firms Sequoia Capital, Golden Gate Ventures and 500 Startups also participated in the round. Carousell will use the new capital to… Read More
India-focused private equity firm IL&FS Investment Managers and global venture capital firm Norwest Venture Partners have invested INR330 million (approximately US$4.9 million) in India-based Neonatal Care & Research Institute, an operator of pediatric and neonatal care units under the Ovum Hospitals brand. Ovum, which currently offers its services using an… Read More
Development finance institution International Finance Corporation (IFC) has reached a first close for its IFC Emerging Asia Fund. Investors in the fund include Korea Development Bank and the Fiji National Provident Fund, as well as IFC, which committed US$200 million. The fund will target opportunities that align with IFC’s strategy… Read More
Global private markets investment manager Partners Group has agreed to invest more than US$200 million for a controlling stake in a solar power development platform in Taiwan. Cathay Life Insurance is also acquiring a minority stake in the platform through a Partners Group-managed vehicle. The platform has entered into an… Read More
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