D1 Capital Leads USD138m Series D for China’s XTransfer
D1 Capital Partners led a USD138m Series D for XTransfer, a China-based cross-border payment services provider, with follow-on from existing investors. Read more… Read More
Lone Pine Capital Leads USD200m Series E for Australia- and China-Based Airwallex
Lone Pine Capital led a USD200m Series E for Australia- and China-headquartered fintech Airwallex, with participation from G Squared and Vetamer Capital Management, and follow-on from 1835i Ventures, DST Global, Salesforce Ventures and Sequoia Capital China, at a reported USD4b valuation. Read more… Read More
Advent to Acquire Controlling Stake in India’s Eureka Forbes for USD597m
Advent International agreed to acquire a controlling stake in India-based consumer electronics company Eureka Forbes for USD597m. Read more… Read More
Openspace Leads USD12m Series A for Thailand’s SCB Abacus
Openspace Ventures led a USD12m Series A for Thailand-based digital lending platform SCB Abacus, with participation from Vertex Ventures Southeast Asia and CAI Partners. Read more… Read More
SoftBank & Greenoaks Partially Exit South Korea’s Coupang
SoftBank Vision Fund sold 57 million shares in South Korea-based e-commerce platform Coupang for USD1.69b. Greenoaks also exited an estimated USD2b worth of shares in Coupang through in-kind distributions between August and September 2021… Read More
Monk’s Hill Leads USD2.6m Pre-Series A for Vietnam’s CoderSchool
Monk’s Hill Ventures led a USD2.6m pre-Series A for Vietnam-based coding school CoderSchool, with participation from XA Network and iSeed Ventures and follow-on from Iterative. Read more… Read More
CDH Leads USD108m Series C for China’s IASO
CDH Baifu, an asset management platform under CDH Investments, led a USD108m Series C for IASO Biotherapeutics, a China-based clinical-stage biopharmaceutical company, with participation from CCB International, Everbright, Co-Stone Capital, CNCB Capital and Plaisance Capital, and follow-on from GL Ventures. Read more… Read More
Invesco Developing Markets Fund Invests USD100m in India’s Pine Labs
Invesco Developing Markets Fund invested USD100m in India-based digital retail payments platform Pine Labs. In July 2021, Pine Labs raised a USD600m round at a reported USD3b valuation from Fidelity Management & Research Company, BlackRock, Ishana, IIFL and Kotak. Read more… Read More
Legatum Capital Leads USD150m Series E for India’s Mobile Premier League
Legatum Capital led a USD150m Series E for India-based Mobile Premier League at a USD2.3b reported valuation, with participation from Sequoia India, SIG, RTP Global, Go-Ventures, Moore Strategic Ventures, Play Ventures, Base Partners, Telstra Ventures and Founders Circle Capital. Read more… Read More
Mid-Year 2021 Global Private Capital Industry Data & Analysis
GPC 1H 2021 data on fundraising, investment and exit activity across Asia, Latin America, Africa, CEE and the Middle East Key data takeaways: All major markets posted year-over-year gains in private capital deal value and deal count as the tech-fueled recovery from the pandemic continues. VC deals drove the… Read More
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