Korea’s Stonebridge Ventures has led a $13.5 million investment in CoHive, an Indonesian co-working space operator previously known as EV Hive that spun out from East Ventures.
The investment marks a first close for the company’s Series B round and the unveiling of the rebrand. Kolon Investment, Stassets Investment, and H&CK Partners also contributed. It will support an expansion...
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).