Southeast Asia-focused Openspace Ventures closed its debut growth fund on target at USD 200m in the first quarter of 2022 and has already committed nearly half the corpus.
Indian motorcycle taxi platform Rapido has raised USD 180m in Series D funding led by local on-demand delivery platform Swiggy.
Albert Shyy, formerly head of Asia at Burda Principal Investments (BPI), the investment arm of European technology and media company Hubert Burda Media, has joined Eurazeo in Singapore.
Creaegis, an India-based private equity firm established by Prakash Parthasarathy, formerly founding CIO and managing partner of PremjiInvest, is looking to raise USD 500m for its debut fund.
Sequoia Capital India has pledged a strong response to “wilful misconduct or fraud” in its portfolio following scandals at companies in India and Southeast Asia.
Lighthouse Funds has led a USD 65m funding round for Medikabazaar, an India-based B2B medical supplies marketplace, at a valuation of USD 700m.
Martin Mok, a senior managing director with CVC Capital Partners in Hong Kong, has left the firm just over a year after his arrival from EQT.
KV Asia Capital has acquired a majority stake in G.B. Industries (GBI), a Malaysia-based manufacturer of rubber insulating gloves and sleeves, for an undisclosed sum.
DSG Consumer Partners has reached a first close of approximately USD 63m on its fourth fund, which will make early-stage consumer sector investments in India and Southeast Asia.
Arkam Ventures, an Indian VC firm established by Rahul Chandra, formerly of Helion Venture Partners, has closed its debut fund on USD 106m.
Bain Capital has launched a tender offer for Japan-based television and direct marketing business Tri-Stage that values the company at approximately JPY 17.2bn (USD 137.3m).
AVCJ's daily bulletin is taking a short break for the Easter holiday. Publication will resume on April 19.
Kotak Investment Advisors is looking to raise USD 1.5bn for its second India-focused special opportunities credit fund, up from about USD 1bn in the previous vintage.
Sequoia Capital has defied a difficult China fundraising environment to set a target of USD 7.1bn for its latest set of funds, which include an expansion vehicle in addition to the existing growth strategy.
Baring Asia and PAG underline the value of their management entities; exits slump amid uncertainty; BGH Capital, renminbi GPs shore up fundraising; investment fails to extend the late 2021 flourish
Drawing inspiration from US-based Thrasio and from his own background in special situations investing, Andrew Joo wants to turn Wholesum into a Korean multi-brand powerhouse
Indonesia-based ride-hailing service turned super app GoTo, which has numerous private equity backers, gained 13% on debut following an IDR 15.8trn (USD 1.1bn) offering on the Indonesia Stock Exchange (IDX).
KKR has acquired a 9.99% stake in Shriram General Insurance, an Indian insurer backed by local conglomerate Shriram Group and African financial services group Sanlam, for an undisclosed sum.
India-focused Elevation Capital has closed its latest early-stage fund on USD 670m on the back of a 100% increase in the firm’s pace of deployment in the past 12 months.
ChrysCapital Partners and GIC have teamed up with Bandhan Financial Holdings – an Indian banking and financial services company – to acquire IDFC’s asset management business for INR 45bn (USD 593m).
Hosen Capital, which makes investments in China’s consumer space, has closed a USD 280m single-asset continuation fund for Kilcoy Global Foods, a beef processing business it has owned since 2013.
SeaX Ventures – or Southeast Asia Exponential Ventures – has closed its second early-stage fund on USD 60m, surpassing the USD 50m target.
Dymon Asia Private Equity (DAPE) has set a target of USD 550m for its third fund, which will make investments in mid-market companies in Southeast Asia.
India-based middle-market private equity firm True North will make a concerted effort to market to domestic LPs for the first time on launching its seventh fund in the second quarter.