Chengtong Mixed Ownership Reform Fund led a CNY1.5b (~USD206m) Series D for Welion, a China-based solid-state lithium battery developer, with participation from CSC Financial, SDIC Chuangyi, China Merchants Capital, Hermitage Capital, DYEE Capital, Hidden Hill Capital and others. Read more… Read More
Fishlog, an Indonesia-based supply chain platform for fisheries, raised a USD3.5m pre-Series A from Patamar Capital, BRI Ventures, Accel, Insignia, Indogen and others. Read more… Read More
GEF Capital, through its South Asia Growth Fund II, invested ~USD25m for a minority stake in Electra EV, an India-based producer of powertrain parts for electric vehicles. Read more… Read More
Bain Capital partially exited India-listed lender Axis Bank for INR14.9b (~USD180m), reducing its stake from 4.24% to 3%. Bain Capital invested INR68.5b (~USD1.b) in Axis Bank in November 2017. Read more… Read More
InnoVen and Trifecta invested INR1b (~USD12m) in a debt round for India-based dark kitchen operator Rebel Foods. In 2021, Rebel Foods raised USD175m led by QIA. Read more… Read More
boAt, an India-based wearable electronics manufacturer, raised USD60m from Warburg Pincus and Malabar Investments. Read more… Read More
General Atlantic led a USD110m round for Amagi, an India-based media technology company providing cloud-based broadcast and advertising services, including INR2.2b (~USD27m) in secondary shares. General Atlantic will hold an 8% stake in the company following the transaction, which values Amagi at a reported ~USD1.45b. Read… Read More
L Catterton reached a ~CNY1b (~USD138m) first close for its first yuan-denominated fund, which is focused on early-stage consumer companies in China. The fund is targeting CNY2b (~USD276m). Read more… Read More
The credit unit of Baring Private Equity Asia (BPEA) spun out of BPEA and reached a USD475m final close for its third fund. BPEA was recently acquired by EQT for EUR6.8b (~USD6.8b). Investors in BPEA Credit Fund III include CPP Investments and IFC. Read more… Read More
British International Investment led a USD25m equity round for Kinara Capital, an India-based SME lender, with participation from Nuveen and Triple Jump’s AMP Fund. Read more… Read More
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