India-based software-as-a-service workforce management platform FarEye has raised US$3.5 million in a Series A financing round from Asia-focused private equity firm SAIF Partners. FarEye intends to use the new capital to double its staff. Separately, SAIF Partners has led a US$1.2 million pre-Series A financing round for India-based online counselling… Read More
China-focused venture capital firm Northern Light Venture Capital and private equity firm New Horizon Capital have led a US$100 million financing round for China-based maternal and infant products e-commerce platform Beibei. Venture capital firm Banyan Capital and private equity firm Capital Today also participated in the round. Beibei will use… Read More
China-focused venture capital firm NewMargin Ventures has led a CNY70 million (approximately US$10.7 million) Series A financing round for China-based flower delivery platform Flower Plus. Other participants in the round included China-focused fund managers Guanghe Venture, Telescope Investment and Harmony Invest. Flower Plus plans to use the new capital to… Read More
Direct secondaries fund manager NewQuest Capital Partners has reached a final close for its latest fund, NewQuest Asia Fund III, with US$540.5 million in capital commitments, exceeding its original US$500 million target. Investors in the fund included pension funds, sovereign wealth funds, insurers and financial institutions in Asia, North America,… Read More
India-focused impact investment firm Lok Capital has reached a first close for its third fund, Lok Fund III, with US$40.5 million in capital commitments. Investors in the fund included development finance institutions CDC, FMO and Proparco, as well as investment advisor TIAA Global Asset Management. Lok Fund III, which has… Read More
Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures has reached a final close for Golden Gate Ventures Fund II with US$60 million in capital commitments, exceeding its original US$50 million target. Investors in the fund included Singaporean sovereign wealth fund Temasek, angel investor Eduardo Saverin, Korea-based Hanwha Life Insurance,… Read More
India-focused private equity firm Rabo Equity Advisors has acquired a minority stake in India-based agrochemical company Parijat Industries for approximately INR1 billion (approximately US$15 million). The transaction was structured through India Agri Business Fund II, a fund managed by Rabo Equity Advisors. Parijat will use the new capital to grow… Read More
Southeast Asia-focused private equity firm Navis Capital Partners has agreed to acquire a controlling stake in Macau-based footwear component supplier ISA Industrial. The company’s founders will retain a minority stake and some members of the company’s senior management will co-invest alongside Navis. ISA Industrial operates factories in Vietnam, China and… Read More
Philanthropic investment firm Omidyar Network, asset manager Developing World Markets (DWM) and European lender Triodos Bank’s investment arm Triodos Investment Management have invested INR510 million (approximately US$7.6 million) in India-based venture debt lender Jain Sons Finlease, which operates under the IntelleGrow brand. Omidyar invested INR150 million (approximately US$2.2 million), while… Read More
Global investment firm KKR has agreed to invest US$81.2 million for a 10.44 percent stake in Indonesia-based agricultural supplier Japfa’s major subsidiary Japfa Comfeed Indonesia. The investment, which will be structured through KKR’s Asian Fund II, involves a private placement and a share sale. Both are part of an overall… Read More
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