Expansion
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.
Norwest backs India hospital, HealthQuad marks 3x exit
Norwest Venture Partners has invested INR 4.5bn (USD 54m) in Indian hospital operator Regency Healthcare, facilitating an exit for HealthQuad, which generated a 3x return.
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.
Alta Capital commits $200m to India's Cappella Educore
India’s Alta Capital, a real assets and early-stage property tech investor, has committed USD 200m to an expansion effort by Cappella Educore, a chain of K-12 schools and student housing.
India's Euler Motors gets $14m Series C extension
India’s Euler Motors, a logistics-focused electric three-wheeler maker, has lifted its Series C round to about USD 83m with a USD 14m tranche featuring cleantech investor Green Frontier Capital.
Five V backs Australia radioactive drug maker
Australia’s Five V Capital has confirmed an investment of undisclosed size in Cyclotek, a radioactive drug maker positioning itself as part of an industry transition toward personalized medicine.
Everstone exits India's Servion Global Solutions to EMK Capital
Everstone Capital has sold Indian customer experience management provider Servion Global Solutions to UK private equity investor EMK Capital for an undisclosed sum.
Japan's Sensyn Robotics raises $15m
Japan’s Sensyn Robotics, which develops drones for various industrial inspection applications, has raised JPY 2.25bn (USD 15m) in growth funding from several local banks and VC investors.
Deal focus: Affirma generates 8x return with India’s TBO
Affirma Capital makes good on a partial exit from Indian travel agent software provider TBO.com as General Atlantic comes in to help rekindle plans for a domestic IPO
Indian contract manufacturer Aequs raises $54m
Indian contract manufacturer Aequs has raised INR 4.5bn (USD 54m) in equity funding led by Singapore-based Amansa Capital.
KKR commits $400m to Malaysia's OMS Group
KKR has agreed to invest USD 400m in Malaysian telecoms infrastructure and subsea cable services company OMS Group.
Saudi fund invests $100m in China's Pony.ai
Saudi Arabia’s Neom Investment Fund, a strategic venture vehicle for the planned smart city of Neom, has made a USD 100m commitment to Chinese autonomous driving player Pony.ai.
Husk Power raises $43m for Asia, Africa mini-grid strategy
India, US, and Nigeria-based renewable energy developer Husk Power has raised USD 43m in Series D funding from global VC investors for a South Asia and sub-Saharan Africa mini-grid rollout.
Bain, DNE launch $250m China advanced manufacturing platform
Bain Capital and Chinese industrial infrastructure developer DNE Group have jointly launched a USD 250m advanced manufacturing investment platform.
General Atlantic backs India travel platform, Affirma exits
General Atlantic has acquired a minority stake in TBO.com, an India-based business-to-agent travel portal that serves a global customer base, for an undisclosed sum. The deal facilitates a partial exit for Affirma Capital.
Faering invests $30m in India's Vastu, Multiples exits
Faering Capital has invested USD 30m in India’s Vastu Housing Finance, facilitating an exit for Multiples Alternate Asset Management.
Australia's Employment Hero raises Series F at $1.3b valuation
Australian human resources start-up Employment Hero has achieved a valuation of approximately AUD 2bn (USD 1.3bn) on closing a AUD 263m Series F round led by US-based venture capital firm TCV.
TPG Rise Climate invests $176m in Tata Motors
TPG Rise Climate, a dedicated climate fund under TPG’s global impact platform, has invested about INR 14.7bn (USD 176m) in an engineering and digital services division of India’s Tata Motors.
AVCJ Awards 2023 - voting has closed
Voting for the 2023 AVCJ Private Equity & Venture Capital Awards has now closed. Many thanks to all those who participated.
China's Didi gets backing from state-owned carmaker
China ride-hailing platform Didi, which delisted from the New York Stock Exchange last year following a scandal-hit post-IPO period, has raised USD 149m in funding from state-backed carmaker GAC Group.
Japan plant-based meat player raises $47m
Japanese plant-based meat company Daiz has raised JPY 7.1bn (USD47.4m) in Series C funding that features Mitsubishi UFJ Capital.
State-linked investors back Series D for China's DataCanvas
DataCanvas, a China-based artificial intelligence-driven (AI) big data solutions provider, has raised CNY 300m (USD 41m) in a first tranche of Series D funding with strong support from investors with ties to national-level state-owned enterprises (SOEs).
China's Leadrive raises $81m Series D
Legend Capital and Oriza FoFs have led a CNY 600m (USD 81m) Series D round for Leadrive, a Shanghai-headquartered manufacturer of semiconductor power modules and motor control units used in electric vehicles (EVs).