ADQ
Gulf gambit: Asia GPs court Middle East LPs
As the Middle East becomes a focal point for private equity fundraising globally, Asia-based managers hope that macro trends work in their favour. Being the right size and the right strategic fit also helps
GSV leads $45m round for India's Simplilearn
GSV Ventures has led a USD 45m round for Indian education technology provider Simplilearn. The Blackstone Group acquired 70% of the company last year for USD 250m.
Philippines fintech start-up gets $16m Series A
Abu Dhabi’s ADQ has backed a USD 16m Series A round for a Philippines-based financial technology start-up founded by former executives of Russian digital banking leader Tinkoff Bank.
India’s Fashinza gets $100m Series B
Prosus Ventures and WestBridge Capital have led a USD 100m Series B round for India’s Fashinza, a B2B marketplace and supply chain platform for the fashion industry.
India used car marketplace Spinny raises $283m
Spinny has followed fellow Indian automotive marketplace Droom into unicorn territory, closing a $283 million Series F round at a valuation of $1.8 billion.