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
China-based industrial robot developer JAKA Robotics raised a USD150m Series D led by Temasek, TrueLight Capital, Softbank Vision Fund 2 and Prosperity7 Ventures, the USD1b growth fund of Aramco Ventures. Read more… Read More
Altos Ventures led a KRW296b (~USD229m) Series G+ for South Korea-based Viva Republica, operator of the fintech app Toss, at a USD6.5b reported valuation, with participation from Kwangju Bank and Mirae Asset Securities, and follow-on from Daol Investment (formerly KTB Network), KDB Bank, Greyhound, Goodwater and others. In 2021, Viva… Read More
Multiples Alternate Asset Management invested USD30m in India-based consumer-focused fintech Niyo. Read more… Read More
In 2015, Elevar Equity provided the first round of institutional capital to Samunnati, an India-based agtech enterprise that helps farmer producer organizations (FPOs) increase profitability by examining everything from the quality and care of inputs to techniques to bring in more water and expand… Read More
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