ABC International Holdings and CCB Investment Management led a CNY2b (~USD278m) Series B for Hithium, a China-based maker of energy storage systems, with participation from Matrix Partners, Fenghe Capital, Dayone Capital, Torch VC, Xiamen Venture Capital, Jinfeng Investment and Chengtun Mining Group. Read more here and… Read More
Sweden’s EQT completed the acquisition of Hong Kong-based Baring Private Equity Asia (BPEA). The merged private equity firm will operate under the name BPEA EQT. Read more… Read More
Citic Capital led a CNY100m (~USD14m) Series A for China-based biotech Veminsyn, with participation from Yangzijiang International Tiyuchang Road Industrial Park. Read more here and here… Read More
Youhualin, a China-based intelligent solution service provider raised a CNY100m (~USD14m) Series C led by V Fund, Broad Resources Investment Management, HNDY Capital and Hainan Rongya, and follow-on from Hengxu Capital and 5Y Capital. Read more… Read More
India-based rideshare platform Zoomcar agreed to list on the Nasdaq through a SPAC merger with Innovative International Acquisition at a USD456m implied pro-forma enterprise value. Zoomcar is backed by Sony Innovation Fund, Mahindra & Mahindra and Ford Smart Mobility, as well as Cyber Carrier, Empire Angels, InnoVen Capital, Sequoia Capital… Read More
Mirae Asset Global Investments led a USD140m Series D for Indonesia-based FinAccel, the parent company of BNPL platform Kredivo, at a USD1.6b reported valuation, with follow-on from Cathay Innovation, Endeavor Catalyst, GMO Global Payment, Jungle Ventures, Openspace Ventures and Square Peg. Read more… Read More
India-based direct-to-consumer footwear startup Yoho raised a INR200m (~USD2.4m) Series A led by Rukam Capital, Rajeev Mishra (SoftBank), Vijay Shekhar Sharma (Paytm) and others. Read more… Read More
Mirae Asset Global Investments led a USD140m Series D for Indonesia-based FinAccel, the parent company of BNPL platform Kredivo, at a USD1.6b reported valuation, with follow-on from Cathay Innovation, Endeavor Catalyst, GMO Global Payment, Jungle Ventures, Openspace Ventures and Square Peg. Read more… Read More
Fireside Ventures reached a USD225m final close for its third VC fund, focused on consumer technology, with commitments from investors including ITC, Premji Invest, Waterfield Fund of Funds and Emami. Read more… Read More
In March 2015, Multiples invested USD7.5m in Vastu, an India-based housing finance-led consumer lending company that provides housing loans to low- and middle-income families. With Multiples’ support, Vastu was able to expand across 13 states and 103 branches in India while meeting the credit needs… Read More
(default archive template)