Veritas Finance, an India-based financial services provider for micro and small enterprises, has raised an INR300 million (approximately US$4.5 million) Series A funding round led by Sarva Capital, a fund managed by India-based venture capital firm Lok Capital. India-focused impact investment firm Caspian Impact Investment Adviser also participated in the… Read More
Private equity and venture capital firm Vision Knight Capital has led a US$20 million Series B financing round for Singapore-based Ezbuy, an online shopping platform formerly known as 65daigou. Other investors in the round included existing backers IDG Ventures and China Growth Capital. Ezbuy will use the fresh funds to… Read More
Private equity firms CMC Capital Partners and FountainVest Partners have sold 20 million shares in Hong Kong-listed cinema company IMAX China via a block trade on the Hong Kong Stock Exchange. The sale was part of an agreement in which CMC and FountainVest extended the lock-up period for their remaining… Read More
Cross-border private equity firm Cathay Capital Private Equity has completed an investment in China-based human resources recruitment platform Ifchange. The transaction was structured through Cathay Innovation Fund. Ifchange provides cloud-based tools for job seekers and human resources professionals. Financial details of the transaction were not disclosed. Read More
Global growth markets investor The Abraaj Group has led a US$150 million funding round for India-based online grocery company BigBasket. Other participants in the round included development finance institution International Finance Corporation (IFC), which contributed US$19.3 million; growth investment firm Sands Capital Management; and venture capital firms Bessemer Venture Partners,… Read More
Emerging markets-focused venture capital firm Digital Media Partners has led a US$2.5 million Series A financing round for Medical Departures, a Thailand-based online platform connecting patients with doctors and dentists around the world. Other investors in the round included media company Hubert Burda Media, internet services-focused investor CyberAgent Ventures and… Read More
China-focused private equity and venture capital firm CDH Investments has sold a 21.66 percent stake in Hong Kong-listed Beijing Digital Telecom, operator of a chain of mobile phone retailers in China, for HKD367 million (approximately US$47 million) on the Hong Kong Stock Exchange. CDH originally invested in the company in… Read More
Private equity firms Hony Capital and CITIC Private Equity, along with venture capital firm Sequoia Capital, have agreed to exit China-listed online and TV shopping company Happigo Home Shopping via share sales on the Shenzhen Stock Exchange. Hony, CITIC and Sequoia will sell stakes of approximately 19 percent, nine percent… Read More
India-focused private equity firm Gaja Capital has reached a final close for its latest fund, Gaja II, with US$240 million in capital commitments. Investors in the fund included development finance institution International Finance Corporation. Gaja plans to make eight to ten investments of US$5 million to US$40 million apiece from… Read More
Standard Chartered Bank’s private equity arm Standard Chartered Private Equity (SCPE) and investment bank Goldman Sachs have invested US$28 million in M_Service, a Vietnam-based company that operates mobile e-wallet app MoMo. SCPE contributed US$25 million to the round, while Goldman Sachs—an existing shareholder in the company—contributed US$3 million. MoMo provides… Read More
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