Philanthropic investment firm Omidyar Network has invested in India-based digital media platform Newslaundry. A number of individual investors have also participated in the round. Newslaundry will use the new capital to expand its team. Financial details of the transaction were not disclosed. … Read More
India-based e-commerce platform Jaypore has raised an INR300 million (approximately US$4.4 million) Series A round from South- and Southeast Asia-focused impact fund advisory firm Aavishkaar. The investment will be made in two tranches. Jaypore, which sells products such as apparel and accessories, will use the new capital to scale up… Read More
India-based e-commerce logistics company Xpressbees has raised US$12.5 million in a financing round from venture capital firms IDG Ventures India, New Enterprise Associates, Vertex Ventures and SAIF Partners. Hedge fund Valiant Capital Management also participated in the round. Xpressbees will use the new capital to upgrade its technology and expand… Read More
Southeast Asia-focused private equity firm KV Asia Capital, together with its local and international partners, has acquired a controlling interest in Malaysia-based hypermarket chain TF Value-Mart. The transaction was structured through KV Asia Capital’s investment vehicle Peta Sejahtera. Financial details of the transaction were not disclosed. … Read More
India-focused private equity firm IDFC Alternatives has sold a portion of its stake in India-based agricultural commodity warehousing service company Star Agriwarehousing and Collateral Management (StarAgri) to Singaporean sovereign wealth fund Temasek for a reported INR750 million (approximately US$11 million). IDFC Alternatives originally invested in StarAgri through its fund IDFC… Read More
Global investment firm KKR has acquired a 9.95 percent stake in India-listed Max Financial Services, the holding company of India-based private life insurance provider Max Life, from a sponsor group for INR9.5 billion (approximately US$139 million). The transaction was structured through KKR’s Asian Fund II. Max Financial Services, which recently… Read More
Hong Kong-based online clothing retailer Grana has secured an additional US$3.5 million in seed funding led by Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures. Venture capital firm Mindworks Ventures and Hong Kong-based luxury retailer Bluebell Group also participated in the round. Grana will use the capital to develop… Read More
Nexif Energy, a Southeast Asian independent power producer formed with the backing of energy-focused private equity firm Denham Capital, has taken a controlling interest in Vietnam-based hydro power project Coc San through the acquisition of a majority stake in Vietnam-based power producer Viet Hydro. Coc San, a run-of-the-river 30 MW… Read More
Unitus Impact, an investment arm of Unitus Group, has reached a final close for its Livelihood Impact Fund with US$45 million in capital commitments. Investors included Australia-based pension fund Christian Super, development finance institution Overseas Private Investment Corporation and two philanthropic organizations: the eBay Foundation and the Rockefeller Foundation. Livelihood… Read More
Aspada Investment Advisors, an investment firm focused on small- and medium-sized enterprises in India, has led a US$5 million Series A financing round for India-based recruitment service provider Aasaanjobs. Venture capital firms IDG Ventures India and Inventus Capital Partners also participated in the round. Aasaanjobs will use the new capital… Read More
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