Carro claims to have become Southeast Asia’s first automotive marketplace unicorn with the completion of a S$477 million ($360 million) Series C round led by SoftBank Vision Fund 2.
Several Indonesia-focused investors also took part but EV Growth, a later-stage investment platform controlled by East Ventures, was the only one named. It follows a S$150 million debt-plus-equity commitment...
Bertelsmann India Investments has earmarked USD 500m, provided by its eponymous German parent, for investment in local start-ups. The VC unit’s total deployment since its launch in 2013 is USD 285m.
UK-headquartered incubator Entrepreneur First (EF) has raised USD 158m, targeted in part at investment in Southeast Asian start-ups and expanding its reach in the region.
CDH Investments has agreed to sell New Zealand-based supplements manufacturer The Better Health Company (TBHC) to Nestlé Health Science for an undisclosed sum.
India and Southeast Asia-focused Panthera Growth Partners has reached a first close on its second fund with commitments amounting to more than half the overall target of USD 250m.