India-based rural fintech Jai Kisan raised USD50m in debt and equity in a first close of its ongoing Series B from GMO Venture Partners, Yara Growth Ventures and DG Daiwa Ventures, and existing investors Blume Ventures, Arkam Ventures, Mirae Asset, Snow Leopard Ventures and others. The debt funding was provided… Read More
Shorooq Partners led a USD4.5m pre-seed round for Pakistan-based social commerce platform DealCart, with participation from Fatima Gobi Ventures, Vibe Capital, 500 Global, i2i Ventures, Rally Cap Ventures and angel investors. Read more… Read More
Sequoia Capital Southeast Asia and Kleiner Perkins led a USD17.6m seed round for Pakistan-based fintech Dbank, with participation from Nubank, Askari Bank and Rayn. Read more… Read More
General Atlantic and Kedaara Capital invested INR15b (~USD188m) in ASG Eye Hospitals, an India-based eye hospital chain. The transaction is expected to provide an exit for Investcorp, which invested INR750m (~USD12m) in the company in 2017 through IDFC Private Equity Fund IV. Read more… Read More
KKR’s non-banking financial company (NBFC) KKR India Financial Services merged with India-based lender InCred. The combined business will operate under the InCred Finance brand with a USD600m balance sheet and ~USD300m equity base. Read more here. Read More
Coller Capital and Hahn & Company acquired South Korea-listed cement manufacturer Ssangyong C&E for ~USD1.5b through a single-asset continuation vehicle. Hahn & Company first invested in the company in 2012 and acquired a controlling stake in 2016. Read more… Read More
ESR reached a USD1b first close for its debut Data Centre Fund 1. The vehicle has a hard cap of USD1.5b and invests in data center projects across Asia. Read more… Read More
Alpha Wave Ventures invested INR3.55b (~USD44m) in a Series C extension for Fi, an India-based neobanking platform. B Capital Group led the company’s USD50m Series B in November 2021 at a reported USD315m valuation. Read more… Read More
Navis Capital Partners acquired a majority equity stake in S-Spine and Nerve Hospital, a Thailand-based spine and nerve specialty hospital owned by N.P. Medical and Antnest Holding, for an undisclosed amount. Navis has also launched Navis Asia Credit, an investment platform focused on secured credit investments in companies seeking expansion… Read More
First Cheque reached a INR380m (~USD5m) final close for its second India-focused pre-seed venture fund. The vehicle will invest in 50 startups with a focus on first-time founders. Read more… Read More
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