Japanese financial services group Orix Corp. has agreed to buy a 16% stake in Mongolia financial group TenGer Financial Group (TFG) for approximately $24 million
In a statement Orix said it will apply for the necessary permits with a view to making the investment in June. The valuation is based on estimates from investment bank Eurasia Capital, which values TFG...
US-based 1839 Ventures has agreed to invest $20 million in a fund launched by the Pakistan government that will invest in domestic technology start-ups.
Amicus Capital Partners has made its maiden investment, committing INR600 million ($9.3 million) to Indian online insurance aggregator RenewBuy.
Lefit, a China-based online-to-offline (O2O) fitness platform, has raised a RMB300 million ($46 million) Series C round of funding led by Hillhouse Capital.
US and Singapore-based venture capital investor Wavemaker Partners has raised $66 million for its second Southeast Asia-focused fund. The target was $50 million.