Sary Leads USD22.5m Series A for Pakistan’s Jugnu
Saudi Arabia-based B2B marketplace Sary led a USD22.5m Series A for Pakistan-based B2B e-commerce startup Jugnu, with participation from Sarmayacar and Systems Limited. Read more… Read More
EQT Acquires Majority Stake in China’s Guardian
EQT, through its EQT Mid Market Asia III fund, acquired a majority stake in China-based pest control operator Guardian Shanghai Hygiene Service for an undisclosed amount. Read more… Read More
EverSource Capital Acquires Majority Stake in India’s Lithium Urban Technologies; Lightrock and IFC Exit
EverSource Capital, through its Green Growth Equity Fund, acquired a majority stake in India-based EV fleet operator Lithium Urban Technologies for an undisclosed amount, facilitating an exit for Lightrock and IFC. Read more… Read More
Trustar Capital Acquires China’s Beijing Salion Foods
Trustar Capital acquired Beijing Salion Foods, a China-based compound condiment and basic food ingredients company, via its fourth China buyout fund for an undisclosed amount. Read more… Read More
Northstar and Alpha JWC Lead USD120m Series C for Indonesia’s Sayurbox
Northstar and Alpha JWC Ventures led a USD120m Series C for Sayurbox, an Indonesia-based B2C and B2B e-grocery startup, with participation from IFC and follow-on from Astra, Syngenta Group Ventures and Global Brain. Read more… Read More
B Capital Group and Insight Partners Lead USD100m Series A for India’s FanCraze
B Capital Group and Insight Partners led a USD100m Series A for FanCraze, an India-based cricket NFT marketplace, with participation from Mirae Asset and Cristiano Ronaldo. Read more… Read More
Accel Leads USD95m Round for India’s Amagi
Accel led a USD95m round for Amagi, a cloud-based SaaS technology company headquartered in India, with participation from Norwest Venture Partners and Avataar Ventures at a reported USD1b valuation. Read more… Read More
CITIC Securities, CMS Securities, Others Lead USD90m Series C for China’s DataGrand
CITIC Securities, CMS Securities, GF Securities and CSC Securities led a USD90m Series C for Data Grand, a China-based intelligent text processing startup, with participation from SCGC, Hundreds Capital, Xiang He Capital, Legend Star and Sunshine Insurance Group. Read more… Read More
EQT to Acquire BPEA for ~USD7.5b
EQT agreed to acquire Baring Private Equity Asia (BPEA) for EUR6.8b (~USD7.5b). The combined business will be rebranded as BPEA EQT Asia and will continue to be led by BPEA CEO Jean Eric Salata and BPEA’s senior management team. Read more… Read More
Tiger Global and Dragoneer Lead USD70m Series B for Pakistan’s Bazaar
Tiger Global and Dragoneer Investment Group led a USD70m Series B for Bazaar, a Pakistan-based digital bookkeeping platform and B2B marketplace, with follow-on from Indus Valley Capital, Defy Partners, Acrew Capital, Wavemaker Partners, B&Y Venture Partners and Zayn Capital. Read more… Read More
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