Indian car, motorcycle and bicycle rental company Drivezy has received a $10 million funding round from a group of investors including Das Capital, Axan Ventures, CrowdWorks and IT-Farm.
The investment brings the company’s capital raised to data to $16 million. Previous backers include Y Combinator, White Unicorn Ventures, Susa Ventures, Kima Ventures and Japanese financial technology...
Team turnover remains a key concern for LPs making commitments to Chinese private equity firms, but even the most stable of GPs must demonstrate an ability to evolve in response to a fast-changing environment, investors caution.
Redpoint China Ventures has closed its debut renminbi-denominated VC fund at RMB700 million ($110 million).
India’s National Investment & Infrastructure Fund has acquired a controlling stake in PE-backed logistics player Continental Warehousing Corporation (CWCNSL) in a joint deal with Dubai-based port operator DP World.
HarbourVest Partners has closed its latest fund-of-funds targeting European and Asian markets with $1.7 billion in commitments.