BlackRock and Sidra Capital reached the first close of Asia-Pacific Private Equity Strategy, a Shariah-compliant private equity fund focused on Asia-Pacific. Read more… Read More
DragonBall Capital led a ~CNY400m (~USD55m) angel round for Thin Red Line, a China-based augmented reality operating systems platform, with participation from Matrix Partners, BlueRun Ventures and others. Read more… Read More
KKR, through its latest Global Impact fund, invested USD300m for a 13.33% stake in Advanta Enterprises, an India-based seed subsidiary of agricultural solutions provider UPL. Read more… Read More
Direct Drive Tech, a China-based robotics hardware manufacturer, raised a CNY100m (~USD14m) Series A led by Green Pine Capital Partners and Lenovo, with participation from InnoVen Capital and follow-on from 5Y Capital and MiraclePlus. Read more… Read More
Warburg Pincus invested USD350m to establish Oona Insurance, a Singapore-based, Southeast Asia-focused digital insurance platform. Warburg seeded the platform with two acquisitions: Indonesia-based Asuransi Bina Dana Arta and Philippines-based Mapfre Insular Insurance Corporation. Read more… Read More
Aion, the electric vehicle unit of China-based automaker GAC, raised CNY18.3b (~USD2.5b) Series A from Yingke Private Equity, Goldstone Investment, Shenzhen Capital Group, PICC Capital Investment Management and others. Read more here and here… Read More
20Cube Logistics, a Singapore-based full-stack digital logistics platform backed by Zephyr Management, agreed to list on the Nasdaq through a SPAC merger with Evo Acquisition at a USD338m enterprise value. Zephyr first invested in 20Cube in 2013 through Zephyr Peacock Fund III. Read more… Read More
Fortune Capital and Shenzhen Smart City Industrial Investment Private Equity Fund Management led an over CNY100m (~USD14m) Series C for SandStone, a China-based enterprise-level data storage service provider, with participation from Long Hua Capital and other investors. Read more… Read More
Social Bella (formerly Sociolla), an Indonesia-based beauty marketplace and retailer, raised a USD60m round from existing investors Temasek, L Catterton, East Ventures, Jungle Ventures and others. Read more… Read More
India-based edtech Byju’s raised USD250m from existing investors including QIA. Read more… Read More
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