Accel led a USD55m round for Pluang, an Indonesia-based fintech providing consumer savings and investment products, with participation from BRI Ventures, Gold House and angel investors, and follow-on from Openspace Ventures, Square Peg, Go-Ventures and UOB Venture Management. Read more… Read More
MDI Ventures led a USD108m Series C for Indonesia-based fintech Koinworks, with follow-on from Quona Capital, Triodos Bank, Saison Capital, AC Ventures and East Ventures. The round comprised USD43m in equity and USD65m in debt. Read more… Read More
Primavera Capital led a USD100m Series B for Starfield, a plant-based food company based in China, with participation from Zeng Ming of Alibaba Group and follow-on from ky9 Capital, Joy Capital, Matrix Partners and Lightspeed China. Read more… Read More
Qatar Investment Authority, 65 Equity Partners and Seatown Private Capital Master Fund led a USD290m Series E for Malaysia-based auto resale marketplace Carsome, with participation from Mediatek, Sunway, Gokongwei Group, YTL Group and Taiwan Mobile, at a reported USD1.7b valuation. Read more… Read More
FountainVest Partners acquired China F&B Group, the franchise operator for Papa John’s and Dairy Queen in mainland China, from EQT for an undisclosed amount. Read more… Read More
Temasek, SoftBank Vision Fund 2 and Sequoia Capital India led a USD90m Series C for Indonesia-based aquaculture tech startup eFishery, with follow-on from the Northstar Group, Go-Ventures, Aqua-Spark and Wavemaker Partners. Read more… Read More
Sunshine Insurance led a CNY600m (~USD96m) Series B for China-based biopharma Xuanzhu Biopharm, with participation from Efung Capital, Zhongji Investment, TJ Capital, SDIC Taikang, Haichuang FOF, Bank of China Capital, Jinjiang Xuanhong, Shanxi Financial Holdings, Wanxin Capital, DNV Capital and HY Capital. Read more… Read More
INCE Capital reached final closes for INCE Capital Partners II and INCE Opportunity Fund, raising USD478m and USD222m, respectively. INCE’s second fund will focus on early-stage opportunities at the nexus of consumer and internet, while the opportunity vehicle will target later-stage investments. Read more… Read More
Tiger Global led a USD45m Series B for Avataar, a US- and India-based AR/VR services provider for consumer brands, with follow-on from Sequoia India. Read more… Read More
Reliance Retail Ventures led a USD240m round for India-based hyperlocal delivery startup Dunzo, with follow-on from Lightbox, Lightrock, 3L Capital and Alteria Capital. Reliance Retail invested USD200m for a 25.8% stake. Read more… Read More
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