Luckin Coffee, a Chinese coffee shop chain established last year, has raised $200 million in Series A funding from GIC Private, Centurium Capital, Legend Capital, and Joy Capital. Centurium, a GP established by ex-Warburg Pincus China head David Li, is said to be the lead investor.
The round values Luckin at $1 billion, according to a statement. Zhiya Qian, the company’s CEO, added that the proceeds would be used for product research, technology innovation, and business development....
Motilal Oswal Private Equity (MOPE) and healthcare-focused GP Invascent Capital have invested in Indian pharmaceutical developer Symbiotec Pharmalab, providing an exit for Actis Capital.
The transformation of Manuka Health from loosely run family affair into professional segment leader helped organize a cottage industry into big business
A selection of the key fundraising, investment and exit events - presented in chronological order - from the past 12 months
Fuyoukache, a Chinese online truck logistics platform, has raised $170 million in a Series D round led by a Bank of China investment unit and Matrix Partners China. Prospect Avenue Capital also participated.