Beenext Capital Management
Indonesia's Maka Motors raises $37.5m seed round
East Ventures, AC Ventures, and SV Investment have led a USD 37.6m seed round for Maka Motors, an Indonesian electric vehicle (EV) maker in the R&D phase.
Japan enterprise blockchain supplier LayerX raises $40m
Japan’s LayerX, an enterprise technology supplier that incorporates blockchain into functions such as expense management, has raised JPY 5.5bn (USD 40m) from a mostly local VC syndicate.
Singularity Growth leads Series D for India's Servify
India’s Singularity Growth Opportunity Fund, a vehicle associated with former Reliance Capital executive Madhusudan Kela, has led a USD 65m investment in after-sales software provider Servify.
Global VCs invest $86m in India digital bank Jupiter
Tiger Global Management, QED Investors, and Sequoia Capital India have led a USD 86m Series C round for Indian digital bank Jupiter with support from Matrix Partners India and Singapore’s Beenext.
Deal focus: India’s AppsForBharat inspires VC devotees
AppsForBharat aims to be the first mobile player to create a product that sticks in the hard-to-monetize spirituality services space. Sequoia Capital India and Matrix Partners India are among the faithful
Faering leads $40m Series C for India fintech start-up
Indian private equity firm Faering Capital has led a $40 million Series C round for stock trading and thematic portfolio platform Smallcase, with support from Amazon and Premji Invest.
India's Droom secures pre-IPO funding at $1.2b valuation
India-based automobile marketplace Droom has raised $200 million in the first tranche of a pre-IPO funding round that values the company at $1.2 billion.
Pakistan’s Habib Bank backs digital SME lender
Habib Bank, the largest bank in Pakistan, has joined a $10.1 million Series A round for Finja, a leading local financial technology start-up and small to medium-sized enterprise (SME) lender.
India retail: Bazaar bedrock
Traditional micro-retailers continue to dominate India’s consumer economy, thriving amid COVID-19, encroaching supermarkets, and the rise of e-commerce. So, why is investing in them so hard?
Iron Pillar leads Series C for Indian after-sales service player
Iron Pillar has led a $23 million Series C round of funding for Servify, an India-headquartered start-up that integrates parties involved in smart device retail with a view to improving customer service experience.
Fund focus: Beenext targets a world beyond the mirrors
Beenext Capital Management has expanded its LP base while maintaining fund size discipline. This is born of a philosophy that capacity for cross-pollination is more important than capacity for deployment
Beenext raises $160m for emerging markets, Japan funds
Singapore-based VC firm Beenext Capital Management has raised $160 million across two funds that will invest in start-ups in Japan and emerging markets.
Beenext leads $13m Series B for Indian logistics platform
Indian logistics platform LoadShare Networks has raised INR1 billion ($13.2 million) in a Series B round led by Beenext.
Northstar joins $20m round for Indonesia education start-up
Northstar Group and Beenext have joined a $20 million Series A round for Indonesia’s Zenius Education.
India payments player BharatPe raises $50m Series B
US-based Ribbit Capital and UK-based Steadview Capital have co-led a $50 million Series B round for BharatPe, a digital payment services provider for Indian offline businesses.
Deal focus: NoBroker eases India's property pain points
Beenext re-upped in NoBroker - supporting a Series C round led by General Atlantic - because it believes the company's deep industry knowledge is a differentiator in India's online property brokerage space