China automotive industry supplier Kasco raises $72m
Kasco, a China-based air suspension supplier for passenger vehicles, has closed a Series B round of CNY 510m (USD 72m) led by an investment arm of CRRC Group, China State-Owned Venture Capital Fund, Source Code Capital, and Shenzhen Capital Group.
Other investors include Yonghua Capital and Shanshan Venture Capital. Kasco - also known as KH Automotive Technologies - is the first Chinese manufacturer of factory-installed air suspension systems...
More on Greater China
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.