Financials
Kedaara invests $28m in Indian health insurer
Indian private equity firm Kedaara Capital invested INR2 billion ($28 million) to acquire a minority stake in the healthcare insurance unit of Religare Enterprises.
CDPQ, Piramal commit $300m to India private credit
Caisse de depot et placement du Quebec (CDPQ) and an asset management division of Piramal Enterprises have jointly committed $300 million to an Indian private credit platform.
Private credit: Untapped market
Recent industry feedback suggests middle-market companies across Asia will increasingly look to private credit to support future growth. Europe may offer clues as to how the expected uptake will unfold
MSPEA backs Indian affordable housing financier
Morgan Stanley Private Equity Asia (MSPEA) has invested INR1.9 billion ($26.6 million) in Centrum Housing Finance (CHF), an Indian non-banking financial company (NBFC) that offers loans for affordable housing projects.
Brookfield buys into Everstone’s India NBFC
Brookfield Asset Management has offered to buy up to 40% of IndoStar Capital, an Indian non-banking financial company (NBFC) established by Everstone Group, for INR14.5 billion ($202 million).
RTP Global, Sequoia lead Series B for India’s MoneyTap
Indian app-based lending start-up MoneyTap has raised $70 million in a Series B round led by Aquiline Technology Growth (ATG), RTP Global, and Sequoia India.
GIC, Norfund invest Myanmar's Yoma Bank
Singapore’s GIC Private and Norway’s Norfund have acquired a combined 30% stake in Myanmar-based Yoma Bank for MMK130 billion ($88.7 million).
MasterCard invests India payments player Pine Labs
MasterCard has invested an undisclosed sum in Pine Labs, an Indian payments technology provider backed by PayPal, Temasek Holdings, and Sequoia Capital India.
KKR pumps $150m into its India credit business
KKR has committed an additional $150 million in funding to its India-based non-banking financial company (NBFC), citing strong growth prospects for credit investment in the country.
Fajr Capital exits Brunei bank
Fajr Capital, a Dubai-based private equity firm that makes investments in the Middle East and Southeast Asia, has exited its position in Bank Islam Brunei Darussalam (BIBD).
Openspace makes first Thailand investment
Southeast Asia-focused Openspace Ventures has made its first investment in Thailand, co-leading a $10 million Series B round for financial technology player Finnomena alongside China’s Gobi Ventures.
Deal focus: 2C2P brings enterprise to SE Asia fintech
Cento Ventures picked 2C2P as the first investment under its late-stage strategy, having been one over by the company's B2B approach to digital payments
Tiger Global leads round for Indian invoice discounting platform
Tiger Global Management has led a $26 million Series B round for Indian B2B financing platform provider KredX.
Hong Kong's WeLab secures $156m Series C
WeLab, a Hong Kong financial technology start-up that abandoned plans for an IPO approximately 12 months ago, has raised $156 million in a new private funding round.
Apis closes Fund II at revised hard cap of $563m
Apis Partners has closed its second emerging markets-focused financial services and technology fund at the revised hard cap of $563 million. The initial target was $400 million.
Pemba's exit from Australian insurance broker falls through
Australian insurance broker network AUB Group has terminated its agreement to acquire Pemba Capital Partners’ 49% stake in Coverforce Holdings, a transaction that was opposed by the company’s founder.
Carlyle offers $197m for Australian debt collector
The Carlyle Group is bidding to acquire Pioneer Credit, a listed financial services provider specializing in consumer debt collection in the Australia and New Zealand markets, for an enterprise valuation of approximately A$288 million ($197 million).
Ping An leads $70m Series D for India's CarDekho
China’s Ping An Insurance has led a $70 million Series D round for Indian online auto marketplace CarDekho. It is Ping An’s first venture investment in the country.
Singapore's FinAccel raises $90m Series C
Singapore-based financial technology provider FinAccel has raised a $90 million Series C round led by Australia’s Square Peg Capital and Korean investors Mirae Asset Capital and Naver.
TPG joins round for India’s Ess Kay Fincorp
TPG Capital, Norwest Venture Partners, and Evolvence India have jointly led a $33 million investment in Indian non-banking finance company Ess Kay Fincorp.
India's Paytm raises $1b
Indian mobile payment and e-commerce platform Paytm has raised a $1 billion Series G round led by T Rowe Price.
Cento leads $52m round for SE Asia payments player
Cento Ventures has led a $52 million round for 2C2P, a Singapore and Bangkok-based payments platform that claims to serve some 620 million customers across Southeast Asia.
Carlyle makes partial exit from India's SBI Life
The Carlyle Group has made a partial exit from India-listed life insurance company SBI Life, selling one-third of its stake for approximately INR28.2 billion ($392 million).
Warburg Pincus, Bessemer invest India's Perfios
Warburg Pincus and Bessemer Venture Partners have led a $50 million Series B round for Indian financial technology provider Perfios.