OTPP invests $80m in India's Xpressbees
Teachers’ Venture Growth (TVG), the late-stage growth investment arm of Ontario Teachers' Pension Plan (OTPP), has invested USD 80m in Indian logistics start-up Xpressbees.
It comes six months after a USD 40m commitment from Malaysian sovereign wealth fund Khazanah Nasional at a reported pre-money valuation of USD 1.2bn. That deal facilitated a partial exit for Elevation...
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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.