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Tiger Global Leads USD502m Series E for Indian Social Media Startup ShareChat

Tiger Global Management led a USD502m Series E for India-based social media startup ShareChat, with participation from Snap and follow-on from Twitter and Lightspeed Venture Partners, at a reported USD2.1b

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Tiger Global Invests USD100m in Indian Enterprise Messaging Solutions Provider Gupshup

Tiger Global Management has invested USD100m in India-based enterprise messaging solutions provider Gupshup at a reported USD1.4b valuation. Read more

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TPG Growth and Prosus Ventures Lead USD350m Series E for Indian Online Pharmacy PharmEasy

TPG Growth and Prosus Ventures led a USD350m Series E for India-based online pharmacy PharmEasy, with follow-on from Temasek, CDPQ, LGT Lightrock, Eight Roads and Think Investments. Read more

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Source Code Capital Reaches Combined USD1b Final Close for USD Funds

Source Code Capital has reached a combined USD1b final close for its latest USD-denominated funds, Source Code Venture Fund V and Source Code Growth Fund II, with total commitments of

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PERSOL Leads USD22.5m Series C for Singaporean Career Platform Glints

Japan-based HR management firm PERSOL Holdings led a USD22.5m Series C for Singapore-based career platform Glints, with follow-on from Monk’s Hill Ventures, Fresco Capital, Mindworks Ventures and Wavemaker Partners. Read

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ChrysCapital Acquires 27% Stake in Indian Pharma Corona Remedies, Creador Exits

ChrysCapital has acquired a 27% stake for an undisclosed amount in India-based pharmaceuticals company Corona Remedies, facilitating a full exit for Creador. Read more

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Falcon Edge and Coatue Lead USD215m Series D for Indian Bill Payment and Rewards Platform CRED

Falcon Edge Capital and Coatue Management led a USD215m Series D for India-based bill payment and rewards platform CRED, with participation from Insight Partners and follow-on from DST Global, RTP

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KKR Reaches USD15b for Asian Fund IV

KKR has reached a USD15b final close for its KKR Asian Fund IV. The vehicle will make private equity investments in the Asia Pacific region. KKR will be investing approximately

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Falcon Edge, Goldman, Think Investments, Others Invest USD800m in Indian Food Delivery Platform Swiggy

Falcon Edge Capital, Goldman Sachs, Think Capital, Amansa Capital and Carmignac have invested USD800m in India-based food delivery platform Swiggy, with follow-on from Prosus Ventures and Accel, at a reported

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EverSource Acquires Solar Rooftop Assets from Azure Power Global for ~USD73m

EverSource Capital, through its subsidiary Radiance Renewables, has acquired solar rooftop assets with a 152MW capacity in India from Azure Power Global for INR5.36b (~USD73m). Read more

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SoftBank Vision Fund 2 Leads USD300m Series E for Indian Social E-Commerce Company Meesho

SoftBank Vision Fund 2 led a USD300m Series E for India-based social e-commerce company Meesho, with participation from Facebook, Prosus Ventures, Shunwei Capital, Venture Highway and Knollwood Investment, at a

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FMO Commits USD137m to EverSource’s GGEF

FMO has agreed to invest USD137m in Green Growth Equity Fund (GGEF), a vehicle managed by EverSource Capital. The fund will invest in clean energy, transportation, resource efficiency and energy

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Hillhouse, Boyu and Sequoia China Invest USD2b+ Round for Indonesia’s J&T Logistics

Hillhouse Capital, Boyu Capital and Sequoia Capital China have invested a USD2b+ round for Indonesia-based logistics and courier service J&T Express. Read more

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TPG, ChrysCapital and Premji Invest USD315m in India’s FirstCry; Elevation Capital, Vertex Partners and MegaDelta Exit

TPG Growth, ChrysCapital and Premji Invest have invested USD315m in India-based baby product retailer FirstCry at a reported valuation of USD1.9-2.1m, facilitating an exit for Elevation Capital, Vertex Partners and

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Sorenson Capital Leads USD140m Series D for Indian Customer Service Analytics Platform Uniphore

Sorenson Capital Partners led a USD140m Series D for Uniphore Software, an India-based customer service analytics platform, with participation from Cisco Investments and follow-on from Chiratae Ventures and March Capital

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Morgan Stanley Private Equity Asia and Sichuan Pharmaceuticals to Sell 80% Stake in China’s Huaiyin Hospital for ~USD134m

Morgan Stanley Private Equity Asia and Sichuan Pharmaceuticals have agreed to sell their 80% stake in China-based Huaiyin Hospital for CNY882.8m (~USD134.3m). Read more

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Ping An Insurance, New World Development and Country Garden VC Lead ~USD410m Series B for Chinese AI Chip Company Biren Technology

Ping An Insurance, New World Development and Country Garden Venture Capital led a CNY2.7b (~USD410m) Series B for for China-based AI chip manufacturer Biren Technology, with participation from Source Code

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Mekong Capital Invests in Vietnamese Chocolate Maker Marou

Mekong Capital, through its Mekong Enterprise Fund IV, has invested an undisclosed amount in Vietnam-based chocolate maker Marou Chocolate Company. Read more

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JAFCO Asia and Chiratae Ventures Invest USD3.5m Pre-Series A in Indian Skill Development Platform Uable

JAFCO Asia and Chiratae Ventured led a USD3.5m pre-Series A for Uable, an India-based skill development platform for children, with follow-on from 3one4 Capital. Read more

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Recharge Capital Leads USD7.2m Seed Round for Pakistani Fintech SadaPay

Recharge Capital led a USD7.2m seed round for Pakistan-based fintech SadaPay, with follow-on from Kingsway Capital, Raptor Group and angel investors. Read more

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Alibaba and DST Lead USD750m Round for Chinese Community Buying App Nice Tuan

Alibaba and DST Global led a USD750m round for China-based grocery community buying app Nice Tuan, with participation from Dragoneer Investment Group, CDH Investments, GGV, Kulun Capital, DE Shaw, Anatole

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Digital Colony Acquires 4,200+ Telco Towers From Indonesia’s PT Indosat for USD750m

Digital Colony has acquired more than 4,200 telecom towers from Indonesia-based digital telecommunications company PT Indosat, a unit of Qatar-based Ooredo Group, for USD750m. Read more

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Kotak Special Situations Fund Invests ~USD48m in Indian Payment Solutions Provider AGS Transact

Kotak Investment Advisors, through its Kotak Special Situations Fund, has invested INR3.5b (~USD47.6m) in India-based payment solutions provider AGS Transact Technologies in the form of non-convertible debentures. Read more

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Matrix Partners Leads USD90m Series E2 for Chinese Online Corporate Training Provider Yunxuetang

Matrix Partners China led a USD90m Series E2 for China-based online corporate training services provider Yunxuetang, with participation from Sequoia Capital China and Hundreds Capital. Tencent Holdings led the USD100m

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KKR and Sequoia Capital Lead USD234m Investment in Indian NBFC Five Star Business Finance

KKR and Sequoia Capital India led a USD234m investment in India-based non-banking financial company Five Star Business Finance, with participation from Norwest Venture Partners and TVS Capital, at a reported

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MC Global Edtech Investment Leads USD460m Series F for Indian Edtech Byju’s

MC Global Edtech Investment Holdings led a USD460m tranche as part of the ongoing Series F for Indian edtech Byju’s, with participation from B Capital, Baron Global Advantage Fund, Arison

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KKR, GL Ventures and Vision Plus Capital Lead USD200m Series C for Chinese Edtech Hetao101

KKR, GL Ventures and Vision Plus Capital led a USD200m Series C for Hetao101, a China-based edtech that provides computer programming courses for children, with follow-on from Source Code Capital

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Ribbit Capital Leads USD65m Series A+ for Indonesian Investment App Ajaib

Ribbit Capital led a USD65m Series A extension for Indonesia-based investment app Ajaib, with participation from Y Combinator Continuity, ICONIQ Capital and Bangkok Bank PLC and follow-on from Horizons Ventures,

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Matrix China, BA Capital, CITIC and Maison Capital Invest USD122m Series B for Chinese Yogurt Brand Simple Love

Existing investors Matrix China, BA Capital, CITIC Agricultural Fund and Maison Capital have invested a CNY800m (~USD122m) Series B for China-based yogurt brand Simple Love (also known as Jian’Ai), with

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TCV, D1 Capital and Falcon Edge Lead USD400m Investment in India’s Dream Sports; Kalaari and Multiples Exit

Technology Crossover Ventures (TCV), D1 Capital Partners and Falcon Edge Capital led a USD400m investment in Dream Sports, the India-based owner of online fantasy sports app Dream11, at a reported

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Wise Road Capital in USD1.4b Take Private of South Korea’s Magnachip Semiconductor

Wise Road Capital has agreed to acquire South Korea-based chip maker Magnachip Semiconductor Corporation through a take-private deal valued at USD1.4b. Read more

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Sequoia Capital India Reaches USD195m Final Close for Second Seed Fund

Sequoia Capital India has reached a USD195m final close for its second seed fund targeting investments in startups in India and Southeast Asia. Read more

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CMB International and Mirae Lead USD120m Series C for China’s EpimAb Biotherapeutics

China Merchants Bank International and Mirae Asset Financial Group led a USD120m Series C for EpimAb Biotherapeutics, a China-based developer of bispecific antibodies, with participation from Hony Capital, Cormorant Asset

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Monk’s Hill Leads USD1.5m Pre-Series A for Singaporean UI Testing Company UI-Iicious

Monk’s Hill Ventures led a USD1.5m pre-Series A for UI-licious, a Singapore-based startup that simplifies automated user interface testing for web applications. Read more

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Quona Capital Leads USD4.1m Pre-Series A for Indian Financing Platform Rupifi

Quona Capital led a USD4.1m pre-Series A for Rupifi, an India-based financing platform for SMEs, with participation from Ankur Capital and Binny Bansal (Flipkart). Read more

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Invesco Leads USD155m Series C for China’s Brii Biosciences

Invesco Developing Markets Fund led a USD155m Series C for Brii Biosciences, a China-focused drug developer with operations in China and the US, with participation from GIC and Lake Bleu

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PAG Increases Stake in Edelweiss Wealth Management to 61.5%

Pacific Alliance Group (PAG) has agreed to acquire an additional 10% stake in India-based Edelweiss Wealth Management, which includes the wealth management, investment banking and capital market businesses of Edelweiss

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Sequoia Capital Leads USD45m Series D for Indian Beauty E-Commerce Platform Purplle

Sequoia Capital India led a USD45m Series D for Purplle, an India-based e-commerce platform for beauty products, with follow-on from Verlinvest, Blume Ventures and JSW Ventures. Read more

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M Capital Management Reaches ~USD31m Final Close for Debut Southeast Asia VC Fund

M Capital Management has reached a USD30.85m final close for M Venture Partners, its debut fund focused on early-stage investments in Southeast Asia. Read more

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Bain Capital Invests USD200m in China’s Newlink Group

Bain Capital has invested USD200m in Newlink Group, a China-based startup that helps drivers find gas stations and vehicle charging points through its online platform. Read more

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Openspace Ventures Leads USD20m Pre-Series B for Indonesian Fintech Pluang

Openspace Ventures led a USD20m pre-Series B for Pluang, an Indonesia-based fintech providing consumer savings and investment products, with participation from Gojek’s Go Ventures and other returning investors. Read more

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Warburg Partially Exits India’s Kalyan Jewellers via IPO

Warburg Pincus has partially exited its stake in India-based jewellery company Kalyan Jewellers via the company’s INR11.75b (~USD161m) IPO on the NSE and BSE. Warburg sold shares worth INR2.5b (~USD34m).

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Temasek Leads USD50m Round for Chinese Container Trucking Platform Duckbill

Temasek led a USD50m round for China-based container trucking platform Duckbill, with participation from Pavilion, Future Capital, Discovery Fund, Shunwei Capital, Furong Capital and Zip Capital. Read more

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BeeNext, Qualgro and Insignia Invest Pre-Series A+ for Vietnamese Edtech Edmicro

BeeNext, Qualgro and existing investor Insignia Venture Partners have invested an undisclosed pre-Series A extension for Vietnam-based edtech Edmicro. Read more

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TPG Growth Leads USD125m Series C for India’s Stelis Biopharma

TPG Growth led a USD125m Series C for Stelis Biopharma, the biopharmaceutical unit of Mumbai-listed Strides Pharma Science, with participation from Route One, Think Investments and Mankekar Family. Strides also

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Affirma Capital and IFC Partially Exit India’s Craftsman Automation via IPO

Affirma Capital and IFC have partially exited their stakes in India-based automotive component and precision engineering company Craftsman Automation via the company’s INR8.2b (~USD113m) IPO on the NSE and BSE.

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Better Tomorrow, 1982 Ventures, Others Invest Seed Round for Indonesian Fintech Brick

Better Tomorrow, PT Prasetia Dwidharma, 1982 Ventures, Antler and Rally Cap Ventures have invested an undisclosed seed round for Indonesia-based financial API provider Brick. The round also saw participation from

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CMB International and Tiantu Capital Lead USD300m Series D for Chinese Ingredients Supplier Guoquan

CMB International and Tiantu Capital led a USD300m Series C for China-based hot pot ingredients supplier Guoquan Shihui. Read more

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Eximius Ventures Reaches USD10m Final Close for Debut India VC Fund

Eximius Ventures has reached a USD10m final close for its maiden fund, a micro VC vehicle targeting early-stage investments in the edtech, healthtech, fintech, gaming, B2B, SaaS and online media

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ADB Ventures Makes Debut Investments in India’s Euler Motors and Smart Joules

ADB Ventures, the impact venture arm of the Asian Development Bank, has participated in a USD9.4m Series A for India-based EV manufacturer and fleet operator Euler Motors along with Blume

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Kotak Invests USD5.6m Debt in Indian Specialty Chemicals Company DCW

Kotak Investment Advisors, through its Kotak Special Situations Fund, has invested INR410m (~USD5.6m) in India-based specialty chemicals company DCW in the form of non-convertible debentures and optionally convertible debentures. Read

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Falcon Edge Leads USD75m Round for Indian Online Insurance Aggregator PolicyBazaar

Falcon Edge Capital led a USD75m round for India-based online insurance aggregator PolicyBazaar. The company, which is backed by SoftBank, Temasek, Tiger Global Management, True North and others, will use

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Carlyle Partially Exits India’s SBI Cards for ~USD540m

The Carlyle Group has partially exited its stake in India-based credit card issuing company SBI Cards & Payment Services for ~INR39b (~USD540m) through open market transactions. Carlyle previously pared down

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