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Hahn & Co. and Hana Financial Acquire South Korean Bulk Carrier H-Line Shipping for USD1.45b

Hahn & Co. and Hana Financial Group have agreed to acquire 100% of South Korea-based H-Line Shipping, the former bulk carrier of bankrupt Hanjin Shipping, for USD1.45b. The two firms

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Rabo Equity Exits 29.81% Stake in India’s Daawat Foods for USD17.23m

India-focused private equity firm Rabo Equity Advisors has fully exited its 29.81% stake in Daawat Foods, a subsidiary of Mumbai-listed rice exporter LT Foods, via a sale to United Farmers

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KKR Invests USD1.5b in Indian Telecom Company Jio Platforms for 2.3% Stake

KKR has agreed to invest USD1.5b in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 2.3% stake. With this investment, Jio has

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Xiang He Capital Leads USD30m Series C+ for Chinese Data Company Sensors Data, Morningside Capital, DCM Capital, Sequoia, and Warburg Join

Xiang He Capital led a USD30m Series C extension for China-based data company Sensors Data, with participation from Morningside Venture Capital, DCM China, Warburg Pincus, Sequoia Capital China, Linear Venture,

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B Capital Leads ~USD60m Series B for Indian Fintech Khatabook

Venture capital firm B Capital Group led a ~USD60m Series B for India-based SME-focused fintech Khatabook, with participation from existing investors Sequoia India, Partners of DST Global, Tencent, and GGV

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ClearVue Partners Leads USD30m Series C+ for Chinese Smart Car Wash Company 1km

China-focused private equity firm ClearVue Partners led a USD30m Series C extension for China-based smart car wash company 1km. PICC Capital Equity Investment and Centurium Capital led the first two

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Jeneration Capital Leads USD80m Series E for Chinese Fitness App Keep

China-focused investment firm Jeneration Capital Management led a USD80m Series E for Chinese fitness app Keep, with follow-on from GGV Capital, Tencent, Morningside VC, and Bertelsmann Asia Investments. Read more

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MBK Fund V Reaches USD6.5b Final Close to Target North Asia

North Asia-focused private equity fund manager MBK Partners has reached a USD6.5b final close for its fifth buyout fund. The vehicle will target the consumer, retail, financial services, telecommunications, and

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DEG Provides USD12m Loan to Myanmar’s Hospital Operator Asia Royal Company

German development finance institution DEG has agreed to provide a USD12m long-term loan to Myanmar-based hospital operator Asia Royal Company to support the modernization and expansion of its Yangon-based hospital.

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GGV Capital Leads USD230m Series A for Chinese MRO Unit of JD.com

Asia- and North America-focused venture capital firm GGV Capital led a USD230m Series A for JD MRO, a subsidiary of China-based JD.com that delivers industrial maintenance, repair and operations (MRO)

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General Atlantic Invests USD870m in Indian Telecom Company Jio Platforms for 1.34% Stake

General Atlantic has invested USD870m in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 1.34% stake. Facebook, Silver Lake, and Vista Equity

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Sequoia China and Tencent Invest USD244m in Property Management Unit of China’s Shimao Property

Sequoia Capital China and Tencent have invested a combined USD244m in the property management unit of China-based Shimao Property. Sequoia and Tencent invested USD130m and USD114m, respectively. Read more

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Chiratae, Accel, and Bain Invest USD3.3m in Indian Online Rental Marketplace Rentomojo

India-focused VC Chiratae Ventures, Accel Partners, and Bain Capital have invested USD3.3m in India-based online rental marketplace Rentomojo. Accel now holds ~26% in the startup, while Chiratae and Bain Capital

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Saama Capital Leads ~USD6m Series A for Indian Agtech Intello Labs, Omnivore, Nexus Venture Partners, and Others Join

India-focused early-stage venture capital firm Saama Capital led a ~USD6m Series A for India-based agtech Intello Labs, with participation from existing investors Omnivore and Nexus Venture Partners, and from new

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Tiger Global and Avatar Growth Capital Lead USD44m Series C for Indian SaaS Firm SirionLabs

Tiger Global Management and Avatar Growth Capital led a USD44m Series C for India-based SaaS firm SirionLabs. Sequoia Capital, QualGro ASEAN Fund, and Canopy Ventures previously led the company’s USD12m

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Oceanpine Capital Reaches USD200m First Close for China Tech-Focused Fund

Chinese technology-focused private equity firm Oceanpine Capital has reached a USD200m first close for its second fund, with 30% of the capital committed by the GP. The vehicle, which targets

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ADB Approves USD100m Loan to Mongolia to Support COVID-19 Response

Asian Development Bank has approved a USD100m loan to the Government of Mongolia to support its response to the COVID-19 outbreak through its COVID-19 Rapid Response Program. As a part

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Sequoia Capital India Leads USD109m Series A for Indonesian Coffee Chain Kopi Kenangan

Sequoia Capital India led a USD109m Series A for Indonesia-based coffee chain Kopi Kenangan, with participation from B Capital, Verlinvest, Kunlun, Sofina, and existing investor Alpha JWC Ventures. Read more

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Warburg Pincus and Eight Roads Ventures Partially Exit Indian Pharmaceutical Company Laurus Labs

Warburg Pincus and Eight Roads Ventures have exited part of their stakes in Mumbai-listed drugmaker Laurus Labs. Warburg Pincus recently sold a nearly 8% stake for USD49m, after previously divesting

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General Atlantic Leads USD300m Funding Round for Chinese Grocery E-Commerce Platform Dingdong Maicai

General Atlantic led a USD300m funding round for China-based grocery e-commerce platform Dingdong Maicai. Earlier backers in the company include Sequoia Capital China and Qiming Ventures. Read more

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Legend Capital Leads USD141m Funding Round for Chinese Pharmaceutical Company Novast Holdings

Legend Capital led a USD141m funding round for Chinese pharmaceutical company Novast Holdings via a private placement. Shiyu Capital, Xiamen C&D, HighLight Capital, Highsino, and China’s Service Trade Fund also

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Vertex Leads USD26.5m Series D for Taiwanese Social Media Startup M17

Temasek-backed US- and Asia-focused VC fund manager Vertex Ventures, led a USD26.5m Series D for Taiwan-based social media startup M17 Entertainment, with participation from Stonebridge Korea Unicorn Venture Fund, Innoven

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Dragon Ball Capital and CDH Investments Lead USD56m Series C for Chinese Food Distribution Platform Lehe

Dragon Ball Capital, the VC arm of Meituan-Dianping, and China-focused private equity firm CDH Investments led a USD56m Series C for China-based food and ingredient distribution platform Lehe Food, with

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Sunshine Insurance Leads USD60m Series C+ for Chinese Finance and Tax Management Software Developer Huisuanzhang, Gaocheng Capital, Xiaomi, and Swift Join

China-based Sunshine Insurance Group led a USD60m extended Series C for China-based finance and tax management software developer Huisuanzhang, with participation from existing investors Gaocheng Capital, Xiaomi, and Swift Hover.

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Bertelsmann India, Tribe Capital, and InnoVen Lead USD13m Series C for Indian Logistics Startup Shiprocket

Bertelsmann India Investments, Tribe Capital, and InnoVen Capital led a USD13m Series C for India-based logistics aggregator Shiprocket. Read more

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Carlyle to Acquire up to 74% Stake in Indian Health Care Services Provider SeQuent Scientific for USD216m

The Carlyle Group has agreed to acquire up to a 74% stake in India-based animal health care services provider SeQuent Scientific for USD216m. CA Harbor Investments, an entity affiliated with

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Bain Capital to Invest USD123m in South Korean Edtech ST Unitas

Bain Capital has agreed to invest USD123m in South Korea-based edtech ST Unitas for an unspecified stake. The education startup, which acquired the Princeton Review in 2017, offers English test

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Taikang Leads USD113m Series B for Chinese Neurology Hospital Chain Sanbo Brain Hospital

China-based Taikang Asset Management led a USD113m Series B for China-based neurology hospital chain Sanbo Brain Hospital. Chinese investment bank CEC Capital, healthcare fund Park Road Medical Investment, Broadhi Capital,

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SummitView Capital Leads USD99m Series B for Chinese AI Developer Enflame

SummitView Capital led a USD99m Series B for China-based AI developer Enflame Technology, with participation from Tencent, SHIVC (a venture capital platform established by the Shanghai government), Oceanpine Capital, Redpoint

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Linear Capital Reaches USD110m First Close for Fourth Venture Fund

China-based VC Linear Capital has reached a USD110m first close for its fourth venture fund, a USD-denominated vehicle. Read more

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Everstone Exits Singapore’s Human Capital Management Firm Excelity Group to Ceridian

India- and Southeast Asia-focused private investment group Everstone Capital has fully exited Singapore-based payroll processing and human capital management firm Excelity Group to US-based NASDAQ-listed human resource management software provider

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Vista Equity Partners Invests USD1.5b for 2.3% Stake in Indian Telecom Company Jio Platforms

Private equity firm Vista Equity Partners has agreed to invest USD1.5b in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 2.3% stake.

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Exfinity Ventures and IAN Fund Lead USD5.1m Series A for Indian Multilingual AI Platform Vernacular.ai

India-based VC Exfinity Ventures and India-based angel investor network IAN Fund led a USD5.1m Series A for India-based Multilingual AI-based voice automation services platform Vernacular.ai, with participation from existing investors

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Sequoia India and Alpha JWC Lead USD25.4m Series A for Indonesian B2B e-Commerce Platform GudangAda

Sequoia India and Alpha JWC Ventures led a USD25.4m Series A for Indonesia-based B2B e-commerce platform GudangAda, with participation from existing investor Wavemaker Partners. GudangAda previously secured USD10.5m in a

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Vickers Venture Partners, Flint Hills Resources, CPV/CAP Pensionskasse Coop, and International SA Lead USD133m Series B for Biotech RWDC

Vickers Venture Partners, Flint Hills Resources, Swiss pension fund CPV/CAP Pensionskasse Coop, and International (a fund linked to Interogo Holding) co-led a USD133m Series B for RWDC Industries, a Singapore-based

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Beenext Leads USD13m Series B for Indian Logistics Startup LoadShare. CDC Group, Matrix Partners, Stellaris VP, and Alteria Join

Singapore-based VC Beenext led a INR1b (approximately USD13m) Series B for India-based logistics startup LoadShare, with participation from new investor CDC Group and existing investors Matrix Partners, Stellaris Venture Partners,

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Warburg Pincus to Invest USD26.5m in Indian Lending Platform IDFC First Bank

Warburg Pincus has agreed to invest an additional INR2b (approximately USD26.5m) in India-based lending platform IDFC First Bank as part of the bank’s INR20b (approximately USD265m) capital raise. Warburg affiliate

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Silver Lake to Invest USD750m for 1% stake in Indian Telecom Company Jio Platforms

US-based private equity firm Silver Lake has agreed to invest USD750m in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 1% stake.

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DFC Provides USD15m Loan to Indian School Financier Varthana

US development finance institution DFC has provided a USD15m loan to Varthana, an India-based non-banking finance company focused on providing financing to schools. Read more

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Geopost, Grab, Monk’s Hill, B Capital, and Others Invest USD279m Series D for Singaporean Logistics Platform Ninja Van

Geopost, the logistics division of French postal services provider La Poste, Singapore-based ride-hailing company Grab, Monk’s Hill Ventures, B Capital Group, Intouch Holdings, Carmenta Capital, Bangkok Bank, Brunei’s Zamrud Sovereign

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BPEA Invests USD480m in Chinese Logistics Platform Forest Logistics

BPEA Real Estate, the property arm of Baring Private Equity Asia, has invested USD480m in Chinese logistics platform Forest Logistics. A portion of the commitment was from BPEA Real Estate

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Tencent Leads USD10.1m Series C for Indian Self-Publishing Startup Pratilipi; Omidyar, Shunwei, and Nexus VP Join

Tencent led a INR760m (approximately USD10.1.m) Series C for India-based self-publishing startup Pratilipi, with participation from Omidyar Network, Shunwei Capital, and Nexus Venture Partners. Read more

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ADM Secures USD630m for Asia Credit Fund and Appoints Neil Harvey as Executive Chairman

Asia-focused private credit investment fund manager ADM Capital has secured USD630m for its credit fund targeting mid-sized companies in Asia. ADM also recently appointed Neil Harvey, former CEO of Hong

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Shiyu Capital Leads USD278m Series A for Chinese Biopharma Mabwell

Chinese VC Shiyu Capital led a CNY1.97b (approximately USD278m) Series A for China-based biopharmaceutical company Mabwell Biotech. Oriental Fortune Capital, Loyal Valley Innovation Capital, Haitong Innovation Capital Management, Founder H

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Legend Capital Leads USD15m Series B for South Korean Cosmetic Surgery Review Platform GangnamUnni

Legend Capital led a USD15m Series B for South Korea-based Healingpaper, the operator of cosmetic surgery review platform GangnamUnni, with participation from new investors KB Investment and Hana Ventures. Read

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Chiratae Invests Undisclosed Amount in Indian Traveltech Rodeo Travel Technologies

India-focused VC Chiratae Ventures has invested an undisclosed amount in India-based traveltech Rodeo Travel Technologies’ online ticket booking services app Railofy. Read more

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Surge, Partech Partners, and Global Founders Capital Invest USD5.5m in Singaporean Communication and Commerce Platform Tinvio

Sequoia Capital’s early-stage accelerator program Surge, Partech Partners, and Global Founders Capital have invested USD5.5m in Singapore-based communication and commerce solutions platform Tinvio. The fresh capital will support Tinvio’s expansion

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Temasek Leads USD8m Investment in Singaporean Plant-Based Meat and Seafood Producer Growthwell

Singaporean sovereign wealth fund Temasek led a USD8m funding round for Singaporean plant-based meat and seafood producer Growthwell, with participation from DSG Consumer Partners, Insignia Ventures, Genesis Ventures, Brandify, and

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GLP and G7 Lead USD100m Series A for Chinese Self-Driving Truck Startup Inceptio Technology

Hillhouse Capital- and Hopu Investment Management-backed global real estate and private equity fund manager GLP, China-based IoT company G7, and others have invested USD100m  in Chinese self-driving truck startup Inceptio

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KKR to Acquire Five Solar Energy Assets from SP Infra for USD204m

KKR has agreed to acquire five solar energy assets from India-based infrastructure developer Shapoorji Pallonji Infrastructure Capital for INR15.54b (approximately USD204m). The portfolio comprises assets with a capacity of 169MWp

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JAFCO Reaches USD67m Final Close for Debut Taiwan Venture Fund

Japanese VC JAFCO Asia has reached a final close for JAFCO Taiwan I Venture Capital with USD67m in commitments. Investors in the fund include the National Development Fund of Taiwan and

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Sequoia Capital India and Sofina Invest USD20m Bridge Round for Indian Craft Beer Brand Bira 91

Sequoia Capital India and Belgium-based investment company Sofina have invested USD20m in a bridge round for Bira 91, a brand owned by India-based craft beer maker B9 Beverages. Read more

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Private Capital-Backed Chinese Drug Developer Akeso Biopharma Raises USD333m via IPO on HKEX

Private capital-backed Chinese biopharmaceutical company Akeso Biopharma has raised USD333m in an IPO on the Hong Kong Stock Exchange. Read more

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