Actis and Mahindra Lifespaces, the real estate and infrastructure development arm of the Mahindra Group, agreed to establish a joint venture to develop industrial and logistics real estate facilities across India. Read more… Read More
WaterBridge Ventures led a USD2m seed round for India-based insurtech BimaKavach, with participation from Blume Ventures, Arali Ventures and Eximius Ventures. Read more… Read More
YAS MicroInsurance, a Hong Kong-based provider of microinsurance on the blockchain, raised a USD4.5m pre-Series A led by Noria Capital, ZEMU VC and JKL Capital. Read more… Read More
Temasek-affiliated 65 Equity Partners invested USD80m in ShopBack, a Singapore-based online shopping rewards app. Read more… Read More
Motilal Oswal Alternatives reached a INR45b (~USD551m) final close for its fourth private equity fund. India Business Excellence Fund IV will focus on consumer, financial services, life sciences and niche manufacturing sectors and will aim to deploy 10-15% of its capital in tech-enabled businesses. The Fund has made two investments… Read More
Indonesia-based travel platform Traveloka raised a USD300m debt round led by BlackRock, with participation from Allianz Global Investors, Orion Capital Asia and the Indonesia Investment Authority. Read more… Read More
Pierfront Capital reached a USD450m final close for its second private credit fund, with an additional USD250m in co-investment commitments. Investors include Alberta Investment Management Corporation, AIIB, GCM Grosvenor, Manulife and Affin Hwang Asset Management. The fund will provide loans to Asia Pacific-based companies operating real assets in sectors including… Read More
Alpha JWC Ventures and White Star Capital led a USD30m Series B for Una Brands, a Singapore-based e-commerce aggregator. Read more… Read More
CrossBoundary Energy Access agreed to provide USD60m in project financing to energy developer ENGIE Energy Access for the construction of mini-grids that will provide electricity to 150,000 people in Nigeria. The project will also receive a performance-based grant funded by the World Bank and administered by the Rural Electrification Agency… Read More
Dymon Asia Private Equity reached a USD650m final close for its third private equity fund, Dymon Asia Private Equity Fund III, focused on privatizations, management buyouts and growth capital investments in Southeast Asia. Read more… Read More
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