FreshToHome, an Indian food delivery platform backed by local VCs Iron Pillar and Ascent Capital, has raised a $121 million Series C round.
The round was led by Ascent, Investment Corporation of Dubai (ICD), Investcorp, US-based Development Finance Corporation, and Allana Group, a major local food exporter. Iron Pillar, which led a $20 million...
China has imposed severe restrictions on private tutoring that appear to undermine the commercial viability of companies in the space, potentially making private equity investment unviable.
Best & Less Group (BLG), an Australian baby, kids and womenswear retailer, has raised A$60 million ($44 million) through a domestic IPO, facilitating a partial exit for majority owner Allegro Funds Group.
TransThera, a China-based drug developer, has raised $100 million in Series D funding led by CPE and China Structural Reform Fund.
B Capital Group has hired Sheila Patel, formerly the Singapore-based chairman of Goldman Sachs Asset Management, as a vice president amid a concerted Asian expansion drive.