Philanthropic investment firm Omidyar Network has participated in a US$3 million Series A round for India-based Overcart, a marketplace for businesses with unboxed, refurbished, preowned and excess electronic products. Other investors in the round included JSW Group’s venture arm JSW Ventures and India-based investor Venture Works. Overcart will use the… Read More
India-based Bigtree Entertainment, which owns and operates online entertainment ticketing platform BookMyShow, has raised more than INR5.5 billion (approximately US$82 million) from growth-stage private equity firm Stripes Group, India-based media and entertainment conglomerate Network18 Group, global venture capital firm Accel Partners and Asia-focused private equity firm SAIF Partners. Founded in… Read More
India-based investor IIFL Private Wealth Management and financial services-focused venture capital firm Quona Capital have led a financing round for India-based loan provider NeoGrowth. Other investors included philanthropic investment firm Omidyar Network, India-focused investment firm Aspada Investment Advisors and impact investor Khosla Impact Fund. Quona Capital structured its contribution through… Read More
Global investment firm KKR has agreed to sell 168 million convertible preference shares in China-based car dealership China Greenland Rundong Auto to the company’s founder for approximately US$76 million. Upon completion of the transaction, KKR’s holding in the company will fall from 27 percent to seven percent. KKR originally invested US$100… Read More
SME-focused investment firm Small Enterprise Assistance Funds (SEAF) has invested in India-based Synergy Kitchens & Hospitality, a catering company and provider of on-site kitchens in hospitals, marketed under the brand name Rozzana. Financial details of the transaction, which was structured through SEAF India Agribusiness International Fund, were not disclosed. Read More
Private equity firms Warburg Pincus, Kedaara Capital and ChrysCapital and development finance institution International Finance Corporation (IFC) have partially exited their stakes in India-based lender Au Financiers alongside private equity firm Motilal Oswal Private Equity, which fully exited its stake. The deal was worth INR7.51 billion (approximately US$110 million). The… Read More
Asia-focused private equity firm Navis Capital Partners has agreed to invest in Indonesia-based medical device distributor Tawada Healthcare. Navis intends to help Tawada attract top talent, upgrade its systems and processes, and explore mergers and acquisitions. Separately, Navis has invested in Vietnam-based primary healthcare operator Hanoi French Hospital. Navis’s support… Read More
Philanthropic investment firm Omidyar Network has led a Series B funding round for India-based investment services provider Scripbox. Existing investors in the company, including venture capital firm Accel Partners and angel investors, also participated in the round. Scripbox will use the new capital to expand its user base. Financial details… Read More
Development finance institution International Finance Corporation (IFC) and clean energy-focused private equity firm Armstrong Asset Management have acquired 16 and 20 percent stakes, respectively, in Vietnam-based renewable energy company Gia Lai Electricity (GEC). Armstrong structured its commitment through Armstrong South East Asia Clean Energy Fund. With IFC and Armstrong’s support,… Read More
China-focused venture capital firm Lightspeed China Partners (LCP) has reached a final close for Lightspeed China Partners III with US$260 million in capital commitments. Separately, the firm has reached an interim close of an undisclosed amount for its RMB fund. With USD and RMB dual-currency venture funds, LCP plans to… Read More
(default archive template)