Philanthropic investment firm Omidyar Network has led a US$5 million Series A financing round for India-based mobile software developer Indus OS. The company, which produces software to make smartphones compatible with several local languages and more user-friendly for India’s rural population, will use the new capital to build out its… Read More
Asia-focused private equity firm Affinity Equity Partners has agreed to sell its 61.4 percent stake in South Korea-listed digital music company Loen Entertainment to South Korea-listed media company Kakao, as part of Kakao’s acquisition of a 76.4 percent stake in the company for US$1.6 billion. As part of the deal,… Read More
India-focused private equity firm ChrysCapital has reached a first close for its seventh fund with US$350 million in capital commitments. The fund is targeting US$600 million with a hard cap of US$650 million. The India-dedicated fund will make investments ranging from US$20 million to about US$100 million in a variety… Read More
Grain, a Singapore-based food delivery startup, has raised a reported SGD2.45 million (approximately US$1.7 million) in a Series A financing round led by Southeast Asia-focused early-stage technology investor NSI Ventures. Venture capital firms Digital Media Partners and 500 Startups also participated in the round, along with angel investor Ivan Lee. Read More
India-based online auto classifieds company CarTrade has raised INR9.5 billion (approximately US$142 million) in a funding round led by Singaporean sovereign wealth fund Temasek and global venture investment firm March Capital. Existing investor global private equity firm Warburg Pincus also participated in the round. CarTrade plans to use the new… Read More
Venture capital firm Lok Capital has led a Series B financing round for India-based agriculture processing and distribution company Siddhivinayak Agri Processing (SV Agri). Existing investor Aspada Investment Advisors, an investment firm focused on small- and medium-sized enterprises in India, also participated in the round. SV Agri plans to use… Read More
Global growth markets investor The Abraaj Group has agreed to acquire a majority stake in India-based healthcare provider Quality CARE India from global private equity firm Advent International. Abraaj reportedly agreed to purchase a 72 percent stake in the company from Advent, valuing the company at more than US$269 million. Read More
Global private equity firm Warburg Pincus has led a US$100 million Series C financing round for Yunniao.me, a China-based online-to-offline courier service. Existing investors, venture capital firms Matrix Partners, Sequoia Capital and GSR Ventures, also participated in the round. Yunniao.me intends to use the new capital to improve research and… Read More
Advantech Capital, a China-focused private equity fund, has led a Series B financing round of more than US$100 million for China-based biopharmaceutical company Zai Lab. Healthcare-focused investment firm OrbiMed Advisors and existing investors, venture capital firms Qiming Ventures, Sequoia Capital China and TF Capital, also participated in the round. Zai… Read More
Asia-focused middle market private equity firm Olympus Capital Asia has agreed to invest at least US$30 million in CreditAccess Asia, an Asia-focused microfinance operator active India and Southeast Asia. CreditAccess Asia plans to use the new capital to expand its retail lending operations across Asia. Read More
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