Tiger Global and Bessemer Venture Partners led a USD25m round for Rupifi, an India-based provider of BNPL services for marketplaces, with follow-on from Quona Capital and Ankur Capital. Read more… Read More
Virtue Diagnostics, a China-based in-vitro diagnostics company focused on cancer, infectious diseases and chronic diseases, raised a USD100m Series B from Sequoia China, Morningside Ventures and ORIZA Holdings, with follow-on from Lilly Asia Ventures and PerkinElmer Ventures. Read more… Read More
The Carlyle Group acquired a 10% stake in South Korea-based Hyundai Glovis, the logistics arm of Hyundai Motor Group, for ~USD510m. Read more… Read More
IGM Financial subsidiary Mackenzie Financial Corporation agreed to acquire a 13.9% stake in China Asset Management from Power Corporation of Canada for ~USD900m. Read more… Read More
Insignia Ventures Partners led a USD20m Series B for Brankas, an Indonesia-based provider of banking services, with participation from Visa, Beenext, Integra Partners and others. Read more… Read More
Vision Plus Capital reached a ~USD315m final close for its third CNY-denominated fund focused on enterprise, health, consumer and advanced tech. New investors include China SME Development Fund, Hangzhou Hi-Tech Investment, Hangzhou Capital and Yuhang Financial Holdings. Read more… Read More
Tiger Global led a USD34m Series B+ for ShopUp, a Bangladesh-based B2B commerce platform for MSMEs, with participation from Valar Ventures, VEON Ventures, Omidyar, Prosus Ventures, Flourish Ventures and Lonsdale Capital. The extension takes ShopUp’s Series B to USD109m. Read more… Read More
The New York State Common Retirement Fund committed USD190m to New York Co-Investment Pool Asia Investors IV, a co-investment vehicle managed by Asia Alternatives. Read more… Read More
Tybourne Capital Management led a USD96m Series C for Indonesia-based coffee chain Kopi Kenangan, with participation from Falcon Edge Capital and follow-on from Horizons Ventures, Kunlun and B Capital. Read more… Read More
Chongqing Ant Consumer Finance, Ant Group’s consumer finance unit, raised CNY22b (~USD3.5b) from a group of investors led by Ant Group and including China Cinda Asset Management, Sunny Optics, Boguan Technology, Yufu Capital and Jiangsu Yuyue Medical Equipment & Supply. As part of the round, China Cinda invested CNY6b (~USD942m)… Read More
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