China Broadband Capital (CBC) and Ocean Link – a travel and tourism-focused PE firm – have jointly led a $40 million Series C round for Yitiao, a Chinese online platform that offers lifestyle video content and retail services.
Several existing investors also participated. The company previously raised capital from the likes of TrustBridge Partners, SIG Asia, and CMC Capital Partners. Yitiao started as an online video producer...
Abu Dhabi Investment Authority (ADIA) has agreed to invest INR 6.6bn (USD 83.5m) in India’s Aditya Birla Health Insurance (ADBHI) for a 10% stake.
Bain Capital has won board approval from Net Marketing, a Tokyo-listed online advertising and media management business, for a take-private that values the company at approximately JPY 13.6bn (USD 102m).
Insilico Medicine, a China-based artificial intelligence-driven drug discovery company, has closed the second tranche of its Series D round on USD 35m, with Prosperity7 Ventures taking the lead.
Singapore’s Merkle Science, a predictive crypto analytics platform, has raised USD 24m in Series A funding led by K3 Ventures, Darrow Holdings, and Beco Capital.