Affirma Capital – formed through a spin-out of Standard Chartered’s private equity business – has led a pre-IPO round of undisclosed size for Chinese P2P lending services provider Dianrong.
The investment constitutes a re-up for Standard Chartered Private Equity, while also including new capital raised by Affirma upon its establishment earlier this year. Additional participants include existing...
Exits remain challenging in Southeast Asian private equity, but LPs see a growing willingness among the region’s GPs to take this difficulty into account when planning their investments.
Alibaba Group has led a $150 million Series D round of funding for Knowbox, a Chinese education start-up that develops a range of mobile apps aimed at students and teachers.
EBay has acquired a 5.5% stake in Paytm Mall, the e-commerce arm of Indian online payments platform Paytm.
Switzerland-based private equity firm Vaalon Capital and Netherlands investor IFSD BV have provided a combined $15 million to Indian financial and enterprise services provider MyMoneyMantra (MMM).