Suzhou Abogen Biosciences, a Chinese vaccine developer targeting COVID-19, raised a USD700m Series C from Temasek, Loyal Valley Capital, Lilly Asia Ventures, Invesco Developing Markets Fund, GL Ventures, Yunfeng Capital and Boyu Capital. Youshan Capital, Gaorong Capital, Firstred Capital, Octagon Capital, Kaiser, 5Y Capital, MSA Capital, Alwin Capital, Yingke PE,… Read More
Inspiration Capital Partners reached a USD65m first close for its debut fund targeting mid-market growth and control investments in China’s healthcare, consumer and financial business services sectors. The fund has a target size of USD150m. Read more… Read More
LeapFrog Investments exited India-based non-banking financial company Poonawalla Fincorp by selling its remaining shares on the NSE for INR2.38b (~USD32m) Read more… Read More
Insight Partners led aUSD225m Series Dfor Postman, an India-based API development platform, at a ~USD5.6b reported valuation, with participation from Coatue, Battery Ventures and BOND, and follow-on from CRV and Nexus Venture Partners. Read more… Read More
Faering Capital and Premji Invest led a USD40m Series C for Smallcase, an India-based wealth management app, with participation from Amazon, Sequoia India, Blume Ventures, Beenext, DSP Group, Arkam Ventures, WEH Ventures and HDFC Bank. Read more… Read More
Walmart, Tencent and Tiger Global invested USD350m in India-based digital payments company PhonePe. The investment is part of a USD700m round announced in December 2020. Walmart contributed USD283.5m, while Tencent and Tiger Global injected USD50m and USD16.5m, respectively. Read more… Read More
Affirma Capital, through Ascenta V, agreed to invest USD100m in Metanet T Platform, a South Korea-based cloud managed service provider. Read more… Read More
Sofina and the wealth management platform of CDH Investments led a USD50m Series D for Petkit, a China-based manufacturer of smart devices for pets, with follow-on from GGV Capital, Qiming Venture Partners, Atlas Capital, Ince Capital and Kunyan Capital. Read more… Read More
In June 2011, Warburg Pincus co-founded e-Shang, an e-commerce-focused logistics real estate platform based in China. In partnership with Warburg Pincus, e-Shang merged with logistics real estate firm Redwood Group Asia to create ESR, deepening its footprint in China and expanding into Asia through a series of strategic acquisitions. Read More
Temasek led a USD185m round for India-based edtech upGrad, with participation from IFC and IIFL, at a reported USD1.2b valuation. The first USD120m tranche of the round was completed in April 2021. Read more… Read More
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