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PS Alliance Leads USD276m Round for South Korean E-Commerce Platform Tmon

PS Alliance, an investment unit of South Korean automotive and electronic components manufacturer Poongsung Group, led a KRW305b (approximately USD276m) investment in South Korea-based e-commerce platform Tmon. As part of

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Monk’s Hill and Qualgro Lead USD5m Series A for Singaporean Education Financing Company ErudiFi

Monk’s Hill Ventures and Qualgro led a USD5m Series A for ErudiFi, a Singapore-based, tech-enabled company providing access to education financing in Southeast Asia. Read more

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Kora, Fidelity, Tiger Global, Bow Wave, and Dragoneer Invest USD250m in Indian Food Delivery Startup Zomato

Kora Management, Fidelity Management and Research Company, Tiger Global Management, Bow Wave Capital Management, and Dragoneer Investment Group have invested USD115m, USD55m, USD50m, USD20m, and USD10m, respectively, in India-based food

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CPE Leads USD123.7m Series B+ for Chinese Agtech Wangjiahuan

CITIC Private Equity Funds Management led a CNY800m (approximately USD123.7m) Series B+ for China-based agtech Wangjiahuan, with participation from Paul Run Holding and Ziming Capital. Read more

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Lilly Asia Leads USD90m Series B for Chinese Biotech Regor Therapeutics

Lilly Asia Ventures led a USD90m Series B for Regor Therapeutics, a China-based clinical stage biotechnology company dedicated to the discovery of innovative medicines to treat cancer, immune disorders, and

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Sequoia China Leads USD2b Round for Chinese Grocery Shopping App Xingsheng Youxuan

Sequoia Capital China led a USD2b funding round for China-based community grocery shopping app Xingsheng Youxuan, with participation from FountainVest Partners, Primavera Capital Group, KKR, Tencent Holdings, Temasek, and China

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Share Capital Leads USD93m Series C for China’s Binhui Biotech

Share Capital led a CNY600m (approximately USD93m) Series C for Binhui Biotech, a China-based biotechnology company focused on the development of oncology immunotherapies, with participation from CICC Capital, Vertex Ventures

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Carlyle Invests USD200m in South Korean MaaS Platform Kakao Mobility

The Carlyle Group, through its Carlyle Asia Partners V, has agreed to invest USD200m in South Korea-based mobility-as-a-service (MaaS) platform Kakao Mobility. Read more

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Avataar Ventures Reaches USD100m Final Close for Opportunity Fund

Avataar Ventures has reached a USD100m final close for its opportunity fund. The vehicle will target investments in B2B and SaaS companies and will invest follow-on rounds for existing portfolio

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Warburg to Exit Stake in DTH Unit of Indian Telecom Services Provider Bharti Airtel via Buyback for USD429.5m

Warburg Pincus has agreed to exit its stake in Bharti Telemedia, the direct-to-home (DTH) satellite television services arm of Indian telecom services provider Bharti Airtel, via a share buyback worth

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Tata Group Acquires Indian Online Grocer BigBasket for USD1.3b, Alibaba Exits

Tata Group has agreed to acquire a 68% stake in India-based grocery delivery startup BigBasket for USD1.3b, facilitating an exit for existing shareholders including Alibaba. Read more here and here

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Qatar Investment Authority and Glade Brook Capital Invest USD100m in Indian News Aggregator DailyHunt

Qatar Investment Authority and Glade Brook Capital Partners led a USD100m investment in India-based news aggregator DailyHunt, with participation from Sofina and Canaan Valley Capital. The investment appears to be

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CPE, Guotai Junan, and Wanxiang Invest USD200m in Chinese Autonomous Driving Technology Developer Plus

CITIC Private Equity Funds Management, Guotai Junan International, and Wanxiang International have invested USD200m in Plus.Ai, a China-based autonomous driving technology developer and provider specialized in trucks, with follow-on from

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Coatue Management Leads USD108m Series D for Indian Fintech BharatPe

Coatue Management led a USD108m Series D for India-based fintech BharatPe, with follow-on from Ribbit Capital, Insight Partners, Steadview Capital, BeeNext, Amplo Opportunities, and Sequoia Capital. The latest funding round

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Advent Partially Exits Indian Consumer Products Company CG Consumer for USD204m

Advent International has sold a 6.06% stake in India-based consumer products company Crompton Greaves Consumer Electricals (CG Consumer) for INR14.9b (approximately USD204m) through an open market transaction. Read more

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Match to Acquire South Korean Social Media Platform Hyperconnect for ~USD1.7b

Online dating giant Match Group has agreed to acquire Hyperconnect, a South Korea-based social media platform backed by Altos Ventures and SoftBank Group, for USD1.725b in cash and stock. The

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IDG Capital and Trustbridge Partners Lead USD390m Series A for Chinese Edtech Fenbi

IDG Capital and Trustbridge Partners led a USD390m Series A for Fenbi, a China-based vocational education platform, with participation from investors including China Renaissance’s Huaxing Growth Capital, CITIC Private Equity,

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TR Capital Reaches USD350m Final Close for Asia Secondaries Fund

TR Capital has reached a USD350m final close for TR Capital Fund IV, surpassing its initial target of USD300m. The vehicle will focus on opportunities in the secondaries industry in

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CDH Investments Exits Singaporean Equipment Leasing Company Aver Asia via Sale to Sumitomo

CDH Investments has fully exited its investment in Singapore-based equipment leasing company Aver Asia via a sale to Japan-based conglomerate Sumitomo Corporation. CDH originally invested in the company in 2015.

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Carlyle and Brighton Park Capital to Invest USD200m in Indian Healthtech Indegene

The Carlyle Group and Brighton Park Capital have agreed to invest USD200m in Indegene, an India-based technology provider for the health care and life sciences industries. Both investors will acquire

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Composite Capital and Moore Strategic Ventures Lead USD95m Series D for Indian Gaming Platform MPL

Composite Capital and Moore Strategic Ventures led a USD95m Series D for India-based gaming platform Mobile Premier League (MPL), with participation from Base Partners, TRP Global, SIG, Go-Ventures, Telstra Ventures,

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Greenoaks Capital and Lightspeed VP Invest USD120m Series D in Indian B2B Manufacturing Services Marketplace Zetwerk

Greenoaks Capital and Lightspeed Venture Partners led a USD120m Series D for India-based B2B manufacturing services marketplace Zetwerk, with participation from Sequoia Capital India and Kae Capital. Read more

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Monk’s Hill Leads USD5m Series A for Singaporean Healthtech Bot MD

Monk’s Hill Ventures led a USD5m Series A for Bot MD, a Singapore-based AI clinical assistant for doctors, with participation from SeaX, XA Network, and SGInnovate. Read more

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Stillfront to Acquire 100% of Moonfrog Labs, Tiger Global and Sequoia India to Exit

Sweden-based gaming studio Stillfront has agreed to acquire India-based mobile games developer Moonfrog Labs, facilitating an exit for Tiger Global Management and Sequoia Capital India. The acquisition will be a

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Lilly Asia Ventures Reaches USD1.35b Final Close for Health Care Fund

Lilly Asia Ventures has reached a USD1.35b final close for its latest health care fund, with USD900m raised for the main pool and an additional USD450m raised for an opportunity

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True North and Bessemer in Partial Exit from Indian Housing Finance Company Home First via USD158m IPO

True North and Bessemer Venture Partners have achieved a partial exit from India-based housing finance company Home First via the company’s INR11.5b (approximately USD158m) IPO. True North and Bessemer sold

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Multiples Partially Exits Indian Multiplex Chain Operator PVR for USD24.5m

 Multiples Alternate Asset Management has partially exited India-based multiplex chain operator PVR for INR.179b (approximately USD24.5m) through open market transactions. Read more

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Tata Consumer to Acquire Aavishkaar-Backed Packaged Foods Startup Kottaram Agro Foods

Tata Consumer Products has agreed to acquire 100% of Kottaram Agro Foods, an India-based packaged foods startup backed by Aavishkaar Capital, for USD21.3m. Read more

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Sequoia Capital Partially Exits Indigo Paints via USD161m IPO

Sequoia Capital India has partially exited its stake in India-based paint manufacturer Indigo Paints via the company’s INR11.76b (approximately USD161m) IPO. Sequoia Capital sold 4.165m shares for INR6.19b (~USD84.6m). Read

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DEG Commits USD22m to Openspace Ventures Fund III

DEG has committed USD22m to Openspace Ventures Fund III, a Southeast Asia-focused fund managed by Openspace Ventures. The fund reached a USD90m+ first close in June 2020 and has a

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Chinese Video App Kuaishou Raises USD6.2b in Hong Kong IPO

China-based short video and live streaming app Kuaishou has raised HKD42b (approximately USD5.4b) in its IPO on the HKEX. Underwriters fully exercised the overallotment option, bringing the total capital raised

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Quona Capital and B Capital Group Lead USD20m Series A for Indonesian E-Commerce Marketplace Ula

Quona Capital and B Capital Group led a USD20m Series A for Ula, an Indonesia-based e-commerce marketplace for small retailers, with follow-on from Sequoia Capital India and Lightspeed India Partners.

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UTI Capital Reaches USD54m First Close for India Debt Fund

UTI Capital has reached a USD54m first close for its UTI Structured Debt Opportunities Fund II. The vehicle has an initial target of USD137m and will focus on investments in

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Lake Bleu Reaches USD560m Final Close for China Health Care Fund

Lake Bleu Capital has reached a USD560m final close for its latest health care fund targeting late-stage investments across biotech, medical technology, and health care services in China. Read more

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General Atlantic Invests USD55m in Indonesian Biotech Kalbe Genexine

General Atlantic has invested USD55m in Indonesia-based biotech firm Kalbe Genexine Biologics, a joint venture between Indonesian pharmaceuticals company PT Kalbe Farma and South Korean biotech developer Genexine. Read more

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Stride Ventures Reaches USD48m Final Close for India Venture Debt Fund

Stride Ventures has reached a INR3.5b (approximately USD48m) final close for its debut India venture debt fund. The vehicle will invest in growth-stage companies, with a focus on B2B and

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Qiming Reaches USD441m Final Close for China Health Care and TMT Fund

Qiming Venture Partners has reached a CNY2.85b (approximately USD441m) final close for its CNY-denominated Fund VI. The vehicle will target early- and growth-stage investments in the health care and technology,

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Temasek, CPE, and IDG Lead USD1.5b Investment in Didi Chuxing’s Freight Unit

Temasek Holdings, CITIC Private Equity, and IDG Capital reportedly led a USD1.5b investment in the freight unit of China-based ride-hailing company Didi Chuxing. Read more

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Aspex Management Leads USD200m Series E for Hong Kong’s Travel Booking Platform Klook

Aspex Management led a USD200m Series E for Hong Kong-based travel and leisure booking platform Klook, with follow-on from Sequoia Capital, Softbank Vision Fund I, Matrix Partners China, and Boyu

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CITIC Invests in Chinese Perfume Brand Owner Xiangmiao Trade

CITIC Capital has invested an undisclosed amount in China-based Shanghai Xiangmiao Trade, owner of perfume and home fragrance brand Reclassified. Read more

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Trustbridge Partners Leads USD150m Series E3 for Chinese Edtech Huohua Siwei

Trustbridge Partners led a USD150m Series E3 for China-based edtech Huohua Siwei, with participation from Tencent Holdings and Hike Capital. The latest tranche brings the overall Series E funding to

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Boyu, Primavera, and Hopu Lead USD700m Series D for Chinese AI Technology Developer 4Paradigm

Boyu Capital, Primavera Capital Group, and Hopu Investments led a USD700m Series D for 4Paradigm, a China-based AI technology developer for enterprise customers, with participation from Sequoia Capital China, Goldman

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KK Fund Leads USD20m Series A for Malaysian Fintech CapBay

KK Fund led a USD20m Series A for CapBay, a Malaysia-based supply chain finance and peer-to-peer financing platform, with participation from angel investors. Read more

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TVS Capital Reaches USD272m Final Close for Third India PE Fund

TVS Capital Funds has reached a INR20b (approximately USD272m) final close for TVS Shriram Growth Fund III, an India-focused vehicle. All LPs in the fund, which include DFIs, family offices,

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Creador Partially Exits Stake in Indian Water Storage and Pipes Manufacturer Vectus Industries via Buyback

Creador has sold 12% of its stake in India-based water storage and pipes manufacturer Vectus Industries back to the company for an undisclosed amount. Creador originally acquired a 20% stake

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Prospect Avenue, Guotai Junan International, and Nan Fung Group Invest USD60m Series B+ for Chinese E-Sports Broadcaster VSPN

Prospect Avenue Capital, Guotai Junan International, and Nan Fung Group have invested a USD60m Series B extension for VSPN, a China-based e-sports broadcaster backed by Temasek Holdings, bringing the overall

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Novo Tellus Reaches USD250m Final Close for Second Southeast Asia Fund

Novo Tellus Capital Partners has reached a USD250m final close for its second Southeast Asia-focused fund targeting investment in industrial technology companies. Read more

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Tower Capital Reaches USD250m First Close for Debut Southeast Asia Fund

Tower Capital has reached a USD250m first close for Tower Capital PE Fund I. The vehicle, which has an initial target of USD300m, will invest in consumer, health care, manufacturing,

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Blackstone Acquires Majority Stake in Chinese Logistics Park for USD1.1b

Blackstone, through its Blackstone Real Estate’s opportunistic funds, has completed the acquisition of a 70% stake in China-based Guangzhou International Airport R&F Integrated Logistics Park, a logistics platform for industries,

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Fireside Ventures Reaches USD118m Final Close for India Fund

Fireside Ventures has reached a USD118m final close for its second fund, surpassing its initial target of USD100m. The vehicle will invest in early-stage, consumer-focused opportunities in India. Fireside Ventures

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Anarock Group Acquires Indian Proptech ApnaComplex; Chiratae, InnoVen, Goldman, Tiger Global, Others Exit

Anarock Group has acquired India-based proptech ApnaComplex from home rental network platform NestAway Technologies, facilitating an exit for Chiratae Ventures, Goldman Sachs, Tiger Global Management, InnoVen Capital, UC-RNT Fund, and

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Prosus Ventures Leads USD30m Series C for Indian Agtech DeHaat

Prosus Ventures led a USD30m Series C for India-based agtech DeHaat, with participation from RTP Capital and follow-on from Omnivore, Sequoia Capital India, FMO, and AgFunder. Read more

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Navis Capital Partners Invests in Singaporean Fintech Solutions Company Moneythor

Navis Capital Partners has completed an undisclosed investment in Moneythor, a Singapore-based technology company providing financial institutions and fintech firms with solutions to enhance their digital banking services. Read more

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