IIFL Leads USD50m Series D for India’s Open
IIFL led a USD50m Series D for India-based neobank Open at a reported USD1b valuation, with follow-on from Tiger Global, Temasek and 3one4 Capital. Read more… Read More
YC Continuity Leads USD200m Series D for India’s Zepto
India-based instant grocery delivery startup Zepto raised a USD200m Series D led by existing backer YC Continuity at a ~USD900m reported valuation, with participation from Kaiser Permanente and follow-on from Nexus Venture Partners, Glade Brook Capital, Contrary Capital and Lachy Groom. Read more… Read More
Amansa Capital, Jungle Ventures, Nexus VP Lead USD120m Series E for India’s Turtlemint
Amansa Capital, Jungle Ventures and Nexus Venture Partners led a USD120m Series E for India-based insurtech Turtlemint, with participation from Vitruvian Partners and Marshall Wace, among others. Read more… Read More
Actis To Sell India’s Sprng Energy to Shell for USD1.55b
Actis agreed to sell India-based renewable energy company Sprng Energy to Shell for USD1.55b. Read more… Read More
Fubon Life Commits USD45m to Warburg Pincus, L Catterton X Offshore and Taiwania Capital
Fubon Life Insurance, the insurance unit of Taiwan-based financial conglomerate Fubon Financial Holdings and Taiwan Life, committed USD45m to three PE funds: USD15m to Warburg Pincus Global Growth 14, USD10m to L Catterton X Offshore and USD20m to Taiwania Capital Buffalo Fund VI. Read more… Read More
Maverick Capital Leads USD70m Series B for Hong Kong’s Coherent
Maverick Capital led a USD70m Series B for Coherent, a no-code SaaS firm founded in Hong Kong, with participation from GreatPoint Ventures and Owl Rock, and follow-on from Cathay Innovation and Franklin Templeton. Read more… Read More
KKR Launches Vietnam- and Taiwan-Focused Renewable Energy Platform
KKR launched Aster Renewable Energy, a Singapore-headquartered renewables platform to develop, build and operate solar, wind and energy storage projects in Taiwan and Vietnam. Read more… Read More
CBC Leads Series B for Singapore’s RVAC
CBC Group led an undisclosed Series B for RVAC Medicines, a Singapore-based messenger RNA (mRNA) company, with participation from Temasek’s Pavilion Capital, EDBI and GS Holdings. The new round brings the company’s total funding raised to date to USD140m. Read more… Read More
MSPEA Acquires Majority Stake in Singapore-listed APAC Realty From Northstar for ~USD94.2m
Morgan Stanley Private Equity Asia (MSPEA) agreed to acquire a majority stake in APAC Realty, a Singapore-listed real estate services company in Asia, from Northstar Group for SGD129.5m (~USD94.2m). Read more… Read More
Venturi Partners Reaches USD175m Final Close for Consumer-focused Fund
Singapore-based Venturi Partners reached a USD175m final close for its debut fund targeting investments in consumer-focused businesses in India and Southeast Asia. Read more… Read More
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