FamPay, an Indian start-up aiming to launch the country’s first digital bank for teenagers, has raised a $38 million Series A round led by Elevation Capital.
Existing investor Sequoia Capital India made a significant contribution. General Catalyst, Rocketship VC, and Greenoaks Capital came in as new investors, while Venture Highway, Y Combinator, and Global...
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.