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
Private capital investment in India concentrated in the consumer goods & services industry with a record USD23.5b invested in 2021 as companies targeted the second-largest consumer market globally. Additional analysis includes: Spotlight on late-stage venture capital activity and the growth of median VC deal size by stage Rise of edtech… Read More
Monk’s Hill Ventures led a USD8.1m Series A for Indonesia-based bookkeeping app CrediBook, with follow-on from Insignia Ventures Partners and Wavemaker Partners. Read more… Read More
Radical Ventures led a USD25m Series A for Pixxel, an India- and US-based earth imaging platform, with participation from Blume Ventures, Lightspeed and others. Read more… Read More
Alpha Wave Global and Tiger Global led a USD70m Series D for Classplus, an India-based course management platform for teachers, with participation from Chimera Ventures and RTP Global. Read more… Read More
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