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
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 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 International agreed to acquire a controlling stake in India-based consumer electronics company Eureka Forbes for USD597m. Read more… Read More
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 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 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 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
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