Venture capital firm IDG Ventures India, philanthropic investment firm Omidyar Network and India-focused investment firm Sherpalo Ventures have invested INR128 million (approximately US$2 million) in India-based Rejuvenate Solutions, operator of online home services company Zimmber. The company will use the fresh capital for hiring and to expand into new markets… Read More
Download the full brief here. Why Do First-time Funds Matter? First-time funds, defined here as an asset manager’s first private equity (PE) vehicle, have historically accounted for a significant share of fundraising activity in emerging markets (EM). Between 2008 and the first quarter of 2015, 286 first-time funds… Read More
CDIB Capital International Corporation, the international private equity arm of China Development Financial, has a reached a final close for CDIB Capital Asia Partners with US$405 million in capital commitments. The fund will invest in the consumer and retail, advanced manufacturing and business services sectors in China and the broader… Read More
Global investment firm KKR has agreed to invest US$150 million in India-listed manufacturer of polyester value-chain products JBF Group. KKR will acquire a 20 percent stake in JBF, while the remaining proceeds will be invested in zero-coupon convertible preference shares with 14.5 percent voting rights in JBF’s unlisted subsidiary, JBF… Read More
India Value Fund Advisors (IVFA), a firm focused on investing in mid-sized businesses, has reached a final close for its Indium V fund with US$700 million in capital commitments. The fund—which reached its hard cap—attracted about 25 investors, including Canada Pension Plan Investment Board and Australian sovereign wealth fund Future… Read More
Global alternative asset manager The Carlyle Group has invested RMB530 million (approximately US$87 million) in Beijing Ubox Technology & Trade, a China-based vending machine operator. The investment was structured through Carlyle Beijing Partners Fund. The company will use the new capital to expand its vending machine network in China and… Read More
Global bank BNP Paribas has agreed to acquire India-based online brokerage company Sharekhan, which is backed by private equity firms The Rohatyn Group, Baring Private Equity Asia, IDFC Alternatives and Samara Capital. BNP Paribas is acquiring 100 percent of the company for a reported INR22 billion (approximately US$344 million). The… Read More
Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures has reached a first close for Golden Gate Ventures Fund II with US$35 million in capital commitments. Investors in the first close included Singaporean sovereign wealth fund Temasek, angel investor Eduardo Saverin, European multi-family office Monitor Capital Partners, Singapore’s National Research… Read More
China-based peer-to-peer lending website Firstp2p has completed a US$41 million Series B funding round from private equity firm CITIC Capital, venture capital firm ChinaEquity and principal investment firm San Shan Capital Partners. Firstp2p will use the new funds to scale its online lending business and add new business lines in… Read More
Singapore-based Giosis, the parent company of e-commerce company Qoo10, has raised US$82.1 million in a Series A round led by media-focused holding company Singapore Press Holdings. Other participants in the round included venture capital firms UVM 2 Venture Investments and Oak Investment Partners, e-commerce company eBay, media-focused investment company Saban… Read More
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