India-based fruit drinks manufacturer Manpasand Beverages has listed on the Bombay Stock Exchange and the National Stock Exchange. The company floated its initial public offering (IPO) at a price range of INR290-INR320 per share (approximately US$4.56-US$5.00), raising a total of INR4 billion (approximately US$63 million). The IPO was oversubscribed by… Read More
ASEAN-focused private equity firm NDE Capital has held a first close on its second fund, NDE Capital II, with US$107 million in capital commitments. The fund, which has a US$350 million hard cap, will allocate 60 percent of its capital to investments in China and 40 percent to investments in… Read More
China-based Didi Kuaidi, a taxi-hailing app operator, has raised a US$2 billion financing round from a group of investors that included global private equity firm Capital Group Private Markets and the venture capital arm of China-based Ping An Insurance, Ping An Ventures. Capital Group invested around US$350 million in the… Read More
China-based Xiaozhu.com, a short-term home-rental platform, has raised a US$60 million Series C financing round led by Joy Capital, a venture capital spinout from Legend Capital. Private investment group Morningside Technologies, China-focused private equity firm CITIC Capital and China-focused fund of funds and secondary investor Magic Stone Alternative Investments also… Read More
Tata Capital Private Equity, the private equity arm of Indian conglomerate Tata Group, has led a Series B financing round for Singapore-based mobile payments start-up Nearex. The transaction was structured through Tata Capital Growth Fund. Nearex specializes in mobile payments and mobile points of sale systems for emerging markets, and… Read More
A consortium that includes China-focused private equity firm CITIC Capital, Chinese investment holding company Tencent’s Tencent Collaboration Fund and China-based Dalian Group’s media and arts subsidiary Wanda Culture Industry Group has participated in an RMB6 billion (approximately US$967 million) financing round for China-based Tongcheng Network Technology. Tongcheng, also known as LY.com, is an… Read More
Global investment firm KKR has sold a ten percent stake in Vietnam-based consumer goods company Masan Consumer to undisclosed buyers. KKR, which first invested in Masan Consumer in 2011, continues to hold a ten percent stake in the company post-transaction. Financial details of the transaction were not disclosed. Read More
Venture capital firms IDG Capital Partners, DCM and Northern Light Venture Capital have participated in a US$100 million Series D funding round for China-based Facishare Technology, operator of the mobile business management application Fxiaoke.com. The company intends to use the new capital to accelerate technology upgrades. Read More
Global growth private equity firm TA Associates and India Value Fund Advisors (IVFA), a firm focused on investing in mid-sized businesses, have agreed to invest US$500 million in India-based broadband provider Atria Convergence Technologies (ACT). IVFA’s investment will be structured through Indium V, and will represent a partial exit for… Read More
Venture capital firm IDG Ventures India and India-focused angel network Chennai Angels have invested US$1 million in Cloudcherry Analytics, an India-based software-as-a-service company. Cloudcherry Analytics will use the fresh capital to scale its enterprise business and invest in the analytics, features and support it provides its clients. Read More
(default archive template)