India-focused private equity fund manager ICICI Venture has completed a partial exit of National Stock Exchange-listed recruitment and human resources company TeamLease, selling a block of 910,000 shares for INR1 billion (approximately US$15 million). ICICI Venture originally invested in TeamLease through India Advantage Fund Series 3. After the share sale,… Read More
Venture capital firm Formation Group has led a US$66 million Series C round for South Korea-based beauty products e-commerce company Memebox. Early-stage investors Goodwater Capital and Pejman Mar Ventures also participated in the round. Memebox will use the new capital to expand globally. … Read More
CDIB Capital, the international private equity arm of China Development Financial, has invested CNY200 million (approximately US$30 million) in China-based outdoor sporting goods retail platform Tutwo Outdoor. CDIB Capital invested through CDIB Capital Asia Partners. Established in 2006, Tutwo operates more than 900 stores across China. Read More
Venture capital firm GSR Ventures has participated in a CNY300 million (approximately US$45 million) Series B round for China-based point-of-sale solution provider Yunnex. Japan-based fast food restaurant chain Ajisen Ramen also participated in the round. Yunnex will use the new capital for research and development, as well as market expansion. Read More
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
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