Pan-Asian logistics investor ESR has raised $1 billion for its second Korea fund with support from APG Asset Management and Canada Pension Plan Investment Board (CPPIB).
APG, CPPIB, and ESR have made initial commitments of $350 million, $450 million and $200 million, respectively, although each partner retains an additional allocation option that could bring investment...
Pine Labs, an India payments start-up backed by MasterCard, PayPal, and Sequoia Capital India, has acquired Fave, a Malaysian counterpart also backed by Sequoia India, for $45 million.
Southeast Asia-focused ride hailing and local services platform Grab has agreed to go public in the US through a merger with a special purpose acquisition vehicle (SPAC) at an enterprise valuation of $30.4 billion.
Lever VC, a Hong Kong-based food tech investor, has achieved a fourth close of $46 million on its debut fund, claiming 2.3x growth in the value of the portfolio since 2019.