TI Platform led a USD40m Series C for Drip Capital, a US- and India-based cross-border trade finance platform for SMEs, with participation from Accel, Sequoia, Wing VC, Irongrey and GC1 Holdings. The company also received USD135m in debt from Barclays Investment Bank and East West Bank. Read more… Read More
SoftBank Vision Fund 2 led a USD312m Series D for China-based e-commerce SaaS provider Huice, with participation from CPE and follow-on from GL Ventures, GIC and Legend Capital. Read more… Read More
India-based auto component maker Sansera Engineering listed on the BSE and the NSE, facilitating an exit for existing shareholders who sold ~INR12.8b (~USD173m) worth of shares. The Rohatyn Group sold ~47.5% of their shareholding in the IPO. Read more… Read More
Sofina and Lightrock led a USD115m Series D for DeHaat, an agricultural services platform for small farmers in India, with participation from Temasek and follow-on from Prosus Ventures, RTP Global, Sequoia India and FMO. Read more… Read More
Affinity Equity Partners, through its Affinity Asia Pacific Fund V, invested HKD2.8b (~USD360m) in Towngas China, a Hong Kong-listed, China-focused affiliate of Hong Kong & China Gas (Towngas), for a 13.3% stake. Read more… Read More
The Carlyle Group, through its Carlyle Beijing Partners Fund II, led a ~USD47m Series A for BiOligo, a China-based in vitro diagnostics raw material supplier. Read more… Read More
Rocketship.vc and Vulcan Capital led a USD78m Series B for Teachmint, an India-based edtech infrastructure provider, with participation from Goodwater Capital and Epiq Capital and follow-on from Learn Capital, CM Ventures, Lightspeed India and Better Capital. Read more… Read More
Tiger Global and Vitruvian Partners led a ~USD100m Series E for India-based intracity logistics startup Porter, with follow-on from Sequoia Capital and Lightrock India. Read more… Read More
FTX, a crypto exchange formerly based in Hong Kong, raised ~USD420m at a USD25b reported valuation from a group of investors including Sequoia Capital, Lightspeed Venture Partners, Tiger Global, Ribbit Capital, Sea Capital, Institutional Venture Partners, Iconiq Growth, BlackRock, Temasek and Ontario Teachers’ Pension Plan Board. Read more… Read More
CVC Capital Partners acquired the Ahmedabad Indian Premier League franchise, a cricket franchise based in India, for INR56b (~USD745m). Read more… Read More
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