Elevation Capital Reaches USD670m Final Close for Early-Stage India Fund
Elevation Capital reached a USD670m final close for Elevation Fund VIII which targets early-stage investments in India. Read more… Read More
Elevation Capital reached a USD670m final close for Elevation Fund VIII which targets early-stage investments in India. Read more… Read More
East Ventures led a USD22m equity and debt round for The Parentinc, a Singapore-based online parenting community and DTC product line, with participation from Central Retail Corp. and WHG Holdings. DBS provided the debt. Read more… Read More
Speciale Invest reached a USD38m final close for its second fund. The firm targets investment in deep tech and SaaS. Read more… Read More
Tiger Global invested a USD50m Series B for Cogoport, an India-based logistics platform aggregating ocean and airline freight carriers. Read more… Read More
China-based metaverse infrastructure company Xmov raised a combined USD130m Series B and Series C. Fresh Capital and Jinsha Capital led the USD20m Series B, while SoftBank and an unnamed strategic investor led the USD110m Series C with participation from Northern Light Venture Capital and Index Ventures. Read more… Read More
Aavishkaar Capital reached a USD130m first close for its latest India-focused impact fund targeting investments in tech-enabled MSMEs across sustainable agriculture, financial inclusion and essential services, with a focus on climatetech. Read more… Read More
Velocity Capital Fintech Ventures led a USD15.5m Series A for Singapore-based Gotrade, a Singapore-based app for international users to buy fractional shares of U.S. securities, with participation from Mitsubishi UFJ Financial Group, BeeNext, Kibo Ventures, Picus Capital, LocalGlobe, Social Leverage and Raptor. Read More
CPP Investments led a USD805m round for India-based VerSe Innovation, which operates news aggregator app Dailyhunt and short video app Josh, at a reported USD5b valuation, with participation from Ontario Teachers’ Pension Plan Board, Luxor Capital and Sumeru Ventures, and follow-on from Sofina Group and Baillie Gifford. Read more… Read More
China-based fast fashion company Shein reportedly raised USD1-2b from General Atlantic, Sequoia China and Tiger Global at a ~USD100b valuation. Read more… Read More
Bain Capital agreed to acquire a 25% stake in IIFL Wealth Management, a wealth and asset management company based in India, for USD487m from General Atlantic and Fairfax Holdings. Read more… Read More
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