Aspire, a Singapore-based neobank for SMEs, raised a USD158m Series B comprising USD58m in equity and USD100m in debt led by an undisclosed growth equity investor, with participation from DST Global, CE Innovation Fund and B Capital, and follow-on from MassMutual Ventures, Picus Capital, AFG and Hummingbird Ventures. The debt… Read More
Nio Capital, Yunfeng Capital and Hongtai Capital led a USD100m Series C for Nreal, a China-based manufacturer of augmented reality glasses, with participation from CPE and follow-on from GP Capital, GL Ventures and Sequoia Capital China. Read more… Read More
The Carlyle Group sold a 3.4% stake in India-based credit card issuing company SBI Cards & Payment Services for ~INR32.7b (~USD442m) in a bulk deal. Carlyle previously sold a 5.1% stake for ~INR48.1b (~USD650m) in June 2021 and a 4% stake for ~INR39b (~USD540m) in March 2021. Read more… Read More
Warburg Pincus and SoftBank Vision Fund 2 led a USD400m+ Series D for Advance Intelligence Group, a Singapore-headquartered, AI-driven tech startup, with participation from Northstar, Vision Plus Capital, Gaorong Capital and EDBI, at a reported USD2b+ valuation. Read more… Read More
China-based warehouse robotics maker Hai Robotics raised a USD200m combined Series C and D. 5Y Capital led the Series C with participation from Sequoia China, Source Code Capital, VMS, Walden International and Scheme Capital. Capital Today led the Series D, with follow-on from Sequoia China, 5Y, Source Code Capital, Legend… Read More
Monk’s Hill Ventures led a USD11.5m Series A for Dagangan, a social e-commerce platform for underserved rural communities in Indonesia, with participation from MMS Group, K3 Ventures, Spiral Ventures and Plug and Play Indonesia. Read more… Read More
Platinum Equity sold PCI, a Singapore-based electronics manufacturing services provider, to Canada-based Celestica for USD306m. Read more… Read More
FloBiz, an India-based mobile billing app for distributors, wholesalers, traders and retailers, raised a USD31m Series B led by Sequoia Capital India, Think Investments and existing investors Elevation Capital and Beenext. Read more… Read More
India-based auto resale marketplace Cars24 raised USD450m in equity and debt funding from SoftBank, Tencent, DST Global, Falcon Edge’s Alpha Wave Incubation and others. The first tranche, a USD259m round at a reported USD1.75b valuation from DST Asia, Alpha Wave, Tencent, Moore Strategic Partners, Exor Seeds and others, was announced… Read More
Shunwei Capital and Xiaomi led a USD35m Series C for New Core Tech, a China-based ERP provider for the manufacturing industry, with participation from Northern Light Venture Capital and Cowin Capital. Read more… Read More
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