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
Global investment firm KKR has agreed to sell its approximately 38 percent stake in India-based pharmaceutical company Gland Pharma to Shanghai Fosun Pharmaceutical, a subsidiary of China-based conglomerate Fosun International, as part of Fosun’s acquisition of an 86 percent stake in the company. The transaction value will total as much… Read More
China-focused private equity and venture capital firm CDH Investments has led a US$100 million funding round for China-based robot designer and manufacturer UBTECH Robotics. China-based investment bank CITIC Securities and other undisclosed investors also participated in the round. UBTECH plans to use the new capital for research and development, exploring… Read More
EMPEA had the opportunity to speak with EMPEA Member, Mounir Guen, Founder & CEO of MVision Private Equity Advisers, and Harmony Ventures’ founders Yassamin Issapour and Aymeric Pacton about the winner of a Dhaka Start-up Competition, MyDoctor, a micro health insurance program which uses garbage as a financial… Read More
A consortium of investors has completed an INR2.25 billion (approximately US$34 million) financing round for India-based specialty lender Suryoday Microfinance. As part of the transaction, India-focused private equity firm Aavishkaar has fully exited the company and India-focused impact investment firm Lok Capital has partially exited its stake. Investors in the… Read More
BOV Capital, a Sri Lanka-focused venture capital firm, has reached an initial close for its first fund with INR300 million (approximately US$4.5 million) in capital commitments. Investors in the fund, which has an INR1 billion (approximately US$14.9 million) target, include a number of Indian high net-worth individuals and additional investors… Read More
China-focused investment firm IDG Capital Partners has reached a final close for IDG Capital Fund III with US$1 billion in capital commitments. The fund, which was raised in partnership with United States-based venture capital investor Breyer Capital, will focus on investing in technology, media and telecommunications, health care, energy and… Read More
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