Glade Brook Capital Partners led a USD20m round for KitaBeli, an Indonesia-based social commerce platform, with participation from InnoVen Capital and follow-on from AC Ventures and GoVentures. Read more… Read More
Sorin Investments reached a USD100m first close for its debut India-focused venture fund. The vehicle will invest in Series A to C startups and has a target of USD130m. The fund was co-founded by Sanjay Nayar (KKR) and Angad Banga (Caravel Group). Read more… Read More
NIIF agreed to acquire an equity stake in the Indian tunnel road Navayuga Quazigund Expressway (NQEPL) through its NIIF Master Fund at a USD380m enterprise value. Read more here. Read More
Dayone Capital led an undisclosed Series D3 for Nezha Auto, also known as Neta, a China-based electric car brand established in 2018 by Hozon Auto. Read more… Read More
HHealthQuad led a USD20m Series B for Wysa, an India-based AI-powered mental health support platform, with participation from BII. Read more here and here. Read More
FPL Technologies, an India-based fintech that operates credit card brand OneCard, raised a USD100m+ Series D led by Temasek subsidiary MacRitchie Investments at a USD1.4m reported valuation, with participation from Sarv Investments and follow-on from QED, Sequoia India, Matrix India, and Hummingbird Ventures. Read more… Read More
Beijing Financial Street Capital, Hopu Investment and HOPU-ARM Innovation Fund, a joint venture fund launched by Hopu and semiconductor company Arm Holdings, led Series C extensions totalling CNY1b (~USD149m) for Iluvatar CoreX, a China-based semiconductor manufacturer. Read more… Read More
Lightspeed Venture Partners reached a USD500m final close for its new early-stage fund focused on India and Southeast Asia. The close was part of a USD7.1b fundraise across four Lightspeed funds.. The firm also announced the launch of Lightspeed Faction, a crypto JV that will be run by Sam Harrison,… Read More
OrbiMed led a USD80m round for LifeWell, a new brand resulting from the merger of India-based telemedicine platform MFine and India-based stem cell bank LifeCell International’s diagnostic business. In 2021, MFine raised a USD48m Series C round led by Moore Strategic Ventures and Beenext. Lifecell backers include OrbiMed Asia Partners… Read More
Alpha JWC Ventures led a USD35m Series A for AgriAku, an Indonesia-based B2B agtech platform, with participation from BRI Ventures, Mandiri Capital Indonesia, Gentree Fund, K3 Ventures, Thai Wah Public Company, Alto Partners, InnoVen Capital and follow-on from MDI Ventures, Go-Ventures and Mercy Corps Social Venture Funds. Read More
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