Jungle Ventures has reached a final close of USD 600m on its fourth flagship Southeast Asia and India-focused VC fund. The initial target was USD 350m.
It follows a first close USD 225m in September 2021 after four months in the market. Most of the capital came from existing investors such as Temasek Holdings, Bangkok Bank, and development finance institutions...
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.