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 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 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 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 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
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
SoftBank Vision Fund 2 and Sequoia China led a USD110m Series D for Dianxiaomi, a China-based e-commerce platform, with follow-on from Tiger Global Management, GGV Capital and Huaxing Growth Capital. Read more… Read More
KKR sold its entire 27% stake in India-listed hospital chain Max Healthcare Institute for ~INR91.9b (~USD1.2b) via open market share sales. Read more… Read More
Loyal Valley Capital led a more than CNY1b (~USD148m) Series B extension for Jayson New Energy, a China-based lithium ion battery manufacturer, with participation from CPE, Gaolin Capital, Estar Capital and Panorama Capital. Read more here and here… Read More
Alpha JWC Ventures led a USD20m Series A for edamama, a Philippines-based e-commerce platform for parents, with follow-on from Gentree Fund, Robinsons Retail Holdings, Kickstart Ventures, Temasek affiliate Innoven Capital and Foxmont Capital. Read more… Read More
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