Sequoia Capital and Norwest Venture Partners have led a INR3.3 billion ($52 million) Series C round for Indian non-banking financial company Five Star Business Finance.
Norwest and Sequoia both committed INR1.4 billion, according to Indian media reports, while existing investors Morgan Stanley Private Equity Asia (MSPEA) and Matrix Partners India invested INR610 million...
UK-based private equity investor Dolma Impact Fund has committed $3.2 million to Swet Ganga Hydropower & Construction, a hydroelectric power provider in Nepal.
Nayuta, a Japanese start-up focused on combining internet-of-things (IoT) and blockchain technologies, has received a JPY140 million ($1.3 million) funding round led by Jafco.
InnoSpring and Alibaba Group have jointly launched an accelerator program in China with a view to helping international start-ups access Chinese markets and ecosystems.
Magmode, a China-based men’s fashion start-up, has raised $15 million in the second tranche of a Series B round led by Cathay Capital Private Equity. Existing investor Sinovation Ventures also participated.