Chinese automotive financing platform Chedai.com has raised a RMB360 million ($52 million) Series B round of funding led by domestic PE fund managers You Jin Capital and Addor Capital.
Matrix Partners China, CreditEase and online finance platform 360 Jinrong also participated. The company is currently raising an extension to the Series B, management told a press conference. Founded...
Bertelsmann India Investments has earmarked USD 500m, provided by its eponymous German parent, for investment in local start-ups. The VC unit’s total deployment since its launch in 2013 is USD 285m.
UK-headquartered incubator Entrepreneur First (EF) has raised USD 158m, targeted in part at investment in Southeast Asian start-ups and expanding its reach in the region.
CDH Investments has agreed to sell New Zealand-based supplements manufacturer The Better Health Company (TBHC) to Nestlé Health Science for an undisclosed sum.
India and Southeast Asia-focused Panthera Growth Partners has reached a first close on its second fund with commitments amounting to more than half the overall target of USD 250m.