Global venture capital firm Accel Partners has launched Accel India IV, a US$305 million fund that will focus on early stage companies in India. The fund will selectively pursue growth equity opportunities, and it will invest in companies in the consumer, enterprise software, mobile and healthcare sectors. Read More
India-based microfinance company Ujjivan Financial Services has raised INR6 billion (approximately US$96 million) from development finance institutions CDC Group and International Finance Corporation (IFC), private equity firms CX Partners, NewQuest Capital Partners and Elevar Equity and India-based financial company Bajaj Holdings. CX Partners’ investment was structured through CX Partners Fund… Read More
India-based microfinance company Ujjivan Financial Services has raised INR6 billion (approximately US$96 million) from development finance institutions CDC Group and International Finance Corporation (IFC), private equity firms CX Partners, NewQuest Capital Partners and Elevar Equity and India-based financial company Bajaj Holdings. CX Partners’ investment was structured through CX Partners Fund… Read More
China-focused private equity and venture capital firm CDH Investments has invested in Aver Asia, a Singapore-based equipment leasing company. The company, which has branch offices in Malaysia, Indonesia and Myanmar, provides equipment such as aerial lifts, compressors, generators, winches and forklifts to customers across Southeast Asia. Aver Asia plans to… Read More
Venture capital firm IDG Ventures India and seed stage investment firm Outbox Ventures have participated in a pre-Series A round of funding for India-based Tripoto, an operator of a travel website. The funds will be used for developing Tripoto’s mobile presence and expanding globally. Financial details of the transaction were… Read More
Creador, a private equity firm focused on Indonesia, Malaysia, Singapore and India, has invested IDR290 billion (approximately US$24 million) for a 20 percent stake in Indonesia-based lender Bank Index Selindo. The investment will raise the bank’s core capital to IDR900 billion (approximately US$69 million). Bank Index hopes to begin providing… Read More
ChrysCapital, an investment firm that focuses on growth sectors in India, has invested INR527.8 million (approximately US$8.4 million) in India-listed lender South Indian Bank for a 1.5 percent stake in the company. ChrysCapital purchased 20.5 million shares at INR25.75 (approximately US$0.41) apiece through its investment vehicle Lavender Investments. Read More
Global investment firm KKR, China-based search engine operator Baidu and investment management firm Coatue Management have invested US$170 million in Uxin, a China-based online used car auction company. KKR’s investment was structured through its China Growth Fund. Uxin will use the new funding to expand its business-to-consumer platform Uxin Used… Read More
Venture capital firm IDG Ventures India has led an INR80 million (approximately US$1.3 million) investment in India-based online apartment rental platform NestAway, with participation from a number of angel investors. The company will use the new investment to launch operations in the New Delhi area and Pune. Read More
China-focused growth capital fund manager China New Enterprise Investment (CNEI) has invested US$8.5 million in Chenzhou Yangtao Chemical, a China-based mine tailing and metallurgy waste treatment company. The transaction was structured through China New Enterprise Investment Fund II. The company intends to use the new investment for capacity expansion and… Read More
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