GGV Capital Leads ~USD14.7m Series C+ for China’s Thinking Data
GGV Capital led a CNY100m (~USD14.7m) Series C+ for Thinking Data, a China-based game analytics platform. Read more here and here… Read More
TGVest Capital Leads USD70m Series B for Taiwan’s TXOne Networks
TGVest Capital led a USD70m Series B for TXOne Networks, a Taiwan-based cybersecurity platform for industrial loT, with participation from KAiA Capital, CDIB Capital Group, MediaTek and others, and follow-on from JAFCO Asia, Purestone Silks Investment Fund and others. Read more… Read More
Tiger Global Leads USD22.6m Series B for India’s Jar
Tiger Global led a USD22.6m Series B at a reported USD300m valuation for India-based fintech Jar with participation from Folius Ventures, Panthera Capital, Prophetic Ventures, Yes VC, Adam Nash (WealthFront) and Zachary Hargreaves (Founders Fund) and follow-on from Arkam Ventures, Rocketship.vc and WEH. Read more… Read More
Blackstone Sells 13.6% Stake In India’s Sona BLW for ~USD504m
Blackstone sold a 13.6% stake in India-listed auto parts maker SONA BLW Precision Forgings for over INR40b (~USD504m) through open market transactions. Blackstone acquired the company from JM Financial Group in July 2019 for INR12.1b (~USD176m) and sold a partial stake through SONA BLW’s INR56b (~USD749m) IPO in June 2021. Read More
Singapore’s GRAAS Raises USD40m Series A from Kejora, Integra Partners, Yuj Ventures, AJ Capital and Angels
GRAAS, a Singapore-based e-commerce marketing platform, has raised a USD40m Series A led by Galaxy, an SPV owned by Kejora; Performa, an SPV led by a Europe-based asset manager; Integra Partners; Yuj Ventures and AJ Capital. Angels also participated in the round. Read more… Read More
Stride Ventures Reaches USD200m Final Close for Second Venture Debt Fund
Stride Ventures reached a USD200m final close for its second venture debt fund. Fund II launched in May 2021 with a INR10b (~USD126m) target and reached a first close in August 2021 at INR5.5b (~USD74m). Stride invests in the consumer, fintech, agritech, B2B commerce, healthtech, B2B SaaS, mobility and energy… Read More
Denham Capital To Sell Nexif Energy’s Portfolio of Australian and SE Asia Assets to Thailand’s RATCH Group for USD605m
Denham Capital agreed to sell Nexif Energy, a renewables-focused power development and investment platform operating in Southeast Asia and Australia, to Thailand’s RATCH Group at a transaction equity value of USD605m and an enterprise value of more than USD1b. Denham established Nexif in August 2015 through its Sustainable Infrastructure platform. Read More
Lightrock Leads USD32m Series E2 for India’s Shiprocket at a USD1.2b Valuation
Lightrock India led a USD34m Series E2 for Shiprocket, an India-based Zomato-backed logistics startup, at a reported USD1.2b valuation, with participation from Temasek, Moore Strategic Ventures and Huddleat, and follow-on from Bertelsmann India Investments, PayPal Ventures and March Capital. Read more… Read More
IFC and Armstrong Asset Management To Exit Vietnam’s Gia Lai Electricity for USD112m
IFC and Armstrong Asset Management agreed to exit Vietnam-listed renewable energy power company Gia Lai Electricity for a reported USD112m. IFC and Armstrong acquired 16% and 20% stakes in the company, respectively, in June 2016. Read more… Read More
Everstone Group To Exit Majority Stake in India’s Sahyadri Hospitals to OTPP
Ontario Teachers’ Pension Plan Board (OTPP) agreed to acquire a majority stake in Sahyadri Hospitals, an India-based hospital chain, from the Everstone Group for an undisclosed amount. The deal is expected to close by the end of 2022, and Everstone will retain a minority stake in the company. Read More
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