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
Hong Kong-based fintech Airwallex raised a USD100m Series E2 from existing investors Square Peg, Salesforce Ventures, Sequoia Capital China, Lone Pine Capital, Hermitage Capital, 1835i Ventures and Tencent. Read more… Read More
Inflexor Ventures led a INR90m (~USD1m) pre-Series A for India-based agricultural biologicals developer BioPrime AgriSolutions, with follow-on from Omnivore. Read more… Read More
Broadstream Capital led a USD10m+ Series C1 for PhotonIC Technologies, a China-based designer of semiconductors for cloud, 5G and photonic-sensing interfaces, with participation from ICY Capital and Walden International. Read more… Read More
GL Ventures led a CNY10m+ (USD1.4m+)pre-Series A+ for Huiye Technology, a China-based AI virtual character developer and service provider, with participation from Shunwei Capital. Read more… Read More
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