TPG Capital has taken a significant minority stake in Indian wire-maker RR Kabel with the goal of helping the company execute its domestic growth strategy.
The size of TPG’s investment has not been disclosed, though reports in Indian media put the transaction value at more than INR6 billion ($83 million). Puneet Bhatia, co-managing partner of TPG Capital...
Trax, a Singapore-based developer of retail computer vision and analytics solutions with several private equity backers, has acquired US-based shopping rewards app developer Shopkick for an undisclosed amount.
Chinese art education platform Yiqi Technology Group has raised $40 million in the first tranche of a Series C round led by Tencent Holdings. It is said to be the largest-ever funding round for a start-up in this space.
Australia’s Square Peg has secured two new superannuation fund backers for its second fund, which has closed at A$340 million ($237 million).
JD Logistics, the delivery unit of Chinese e-commerce giant JD.com, has reached a first close on a renminbi-denominated fund that invests in smart logistics and related technologies. The full target for the vehicle is RMB1.5 billion ($218 million).