Asian Venture Capital Journal (AVCJ)
Top stories
India used car marketplace Spinny raises $283m
Spinny has followed fellow Indian automotive marketplace Droom into unicorn territory, closing a $283 million Series F round at a valuation of $1.8 billion.
Singapore's Aura acquires Australia vaccination player
Singapore-based Aura Private Equity has acquired a majority stake in Australian Vaccine Services (AVS), a leading provider of corporate flu vaccinations.
India's AgroStar raises $70m Series D
Indian agriculture industry platform provider AgroStar has raised a $70 million Series D round led by Evolvence Capital, Schroders Capital, Hero Enterprise, and CDC Group.
News continued
Analysis
Asia exits: Pass the parcel
Sponsor-to-sponsor exits are set to reach a record high in Asia this year as private equity firms increase velocity of deployment and some strategics remain in a pandemic-induced funk
Interviews
LP interview: Pictet
Switzerland-headquartered private bank Pictet is adding headcount in Asia – to assess investments as well as woo clients – as the introduction of new strategies increases exposure to the region
Key takeaways: Apollo Global Management’s Marc Rowan
High valuations, pursuing complexity, and eradicating write-offs were on the agenda when Marc Rowan, co-founder and CEO of Apollo Global Management, spoke at the AVCJ Forum. Here are some highlights
People
KKR promotes Chris Sun to partner
Chris Sun (pictured), a managing director at KKR who focuses on investments in China’s consumer sector, has been promoted to partner.
KKR hires Asia growth equity head
KKR has appointed Mukul Chawla, formerly of Temasek Holdings, to the newly created position of partner and head of growth equity for Asia Pacific.
