B Capital Leads USD20.6m Series A for India’s Mojocare
B Capital led a USD20.6m Series A for Mojocare, an India-based sexual health platform, with follow-on from Chiratae Ventures, Sequoia India Surge and Better Capital. Read more… Read More
China’s Sunwoda Electric Vehicle Battery Company Raises ~USD884m Round from Broad Vision Funds, Shenzhen Capital Group, Source Code Capital and NGDF
Sunwoda Electric Vehicle Battery Company, a subsidiary of China-listed lithium-ion battery and energy services company Sunwoda, raised a CNY6b (~USD884m) round from Broad Vision Funds, Shenzhen Capital Group, Source Code Capital and NGDF, at a reported post-investment valuation of ~CNY30b (~USD4.4b). Read more here,… Read More
China Merchants Health Leads ~USD76m Series B for China’s Porton Advanced Solutions
China Merchants Health led a CNY520m (~USD76m) Series B for Porton Advanced Solutions, a China-based contract development and manufacturing organization (CDMO) focused on gene and cell therapy services, with participation from China Merchants Securities, China Merchants Capital, Fosun Health Capital and SDIC Taikang Trust, and follow-on from CMG-SDIC Capital, HM… Read More
Cherubic Ventures closes fifth fund at USD110m
US- and China-based VC Cherubic Ventures reached a USD110m final close of its fifth fund, which will invest across sectors and stages, with half of the capital reserved for late-stage and pre-IPO rounds. Read more… Read More
Lighthouse Exits India’s Kama Ayurveda to Puig for ~USD12.55m
Lighthouse exits India-based skincare and beauty platform Kama Ayurveda to Spain’s Puig for EUR12.5m (~USD12.55m). Read more… Read More
SoftBank-backed Socar Lists on Korea Exchange at a ~USD723m Valuation
SoftBank-backed Socar, a South Korea-based car sharing company, listed on the Korea Exchange at a KRW966.5b (~USD723m) valuation; no shareholders reportedly exited. Read more… Read More
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
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