Hony Capital has injected HK$780 million ($100 million) into Best Food Holdings, the Hong Kong-listed platform it established in 2016 to make investments in China’s food and beverage industry.
The private equity firm subscribed to bonds that will convert into approximately 661 million shares at HK$1.18 apiece, according to a filing. The capital comes from Hony Capital Fund VIII, which closed...
Swiggy, an Indian grocery delivery platform, has received $113 million in a Series I round led by Prosus Ventures, formerly known as Naspers Ventures and Food.
Sequoia Capital India has led a $32 million Series C round for Whatfix, an Indian software-as-a-service (SaaS) firm that helps enterprises increase digital adoption rates.
Suzanne Tavill, a Sydney-based managing director with StepStone Group, has been elevated to partner. It was one of four partner-level promotions made by the firm globally.
Minnesota State Board of Investment (SBI) is looking to commit $150 million to KKR’s fourth pan-Asian fund. This represents a step up from the $100 million it put into the manager’s previous vehicle.