News >> Deals
India's Cred raises $251m at $4b valuation
Indian credit card rewards company Cred has raised a $251 million Series E round led by Tiger Global Management and Falcon Edge Capital at a post-money valuation of $4 billion.
CLSA completes exit from Japan cram school
CLSA Capital Partners (CLSA CP) has sold its remaining shares in Japanese cram school operator BC Ings to Eishinkan, a major player in the segment.
Korea GPs invest $40m in Singapore biotech player
A group of Korean private equity investors has committed $40 million in funding to Cerecin, a Singapore-based biotech developer focused on neurotherapeutics.
Singapore drone services player gets $26m Series B
H3 Dynamics, a Singapore-based autonomous drone data services and hydrogen air logistics start-up, has raised a $26 million Series B round led by Japan’s Sparx Asset Management.
Hitachi sells radiation devices business to Nippon Mirae Capital
Hitachi has agreed to sell its Japan-based radiation measurement devices and industrial x-ray CT devices businesses to local private equity firm Nippon Mirae Capital.
MBK agrees $1b China theme park deal
MBK Partners has agreed to buy five ocean theme parks in China – four operational and one under construction – from Hong Kong-listed Haichang Ocean Park Holdings for RMB6.53 billion ($1.01 billion).
China's Trustar buys European EV charging specialist
Trustar Capital, formerly known as CITIC Capital Partners, has invested an undisclosed sum in Intramco, a Europe-based manufacturer of components used in electric vehicle (EV) charging.
WestBridge leads $50m round for India's Fraazo
WestBridge Capital has led a $50 million round, comprised of a mix of debt and equity, for direct-to-consumer fresh produce delivery service Fraazo.
AVCJ Awards 2021 - voting has closed
Voting for the 2021 AVCJ Private Equity & Venture Capital Awards has now closed. Many thanks for your participation. The winners will be announced on November 15.
Norwest invests $60m in India mattress brand
Silicon Valley-based Norwest Venture Partners has invested $60 million in Indian mattress brand Duroflex.
LeapFrog leads $250m round for India's CarDekho
LeapFrog Investments has led a $250 million Series E round - described as a pre-IPO round - for Indian online auto marketplace CarDekho at a valuation of $1.2 billion.
China digital marketing platform gets $50m Series B
Whale, a China-focused digital marketing platform, has raised a Series B round of $50 million led by Temasek Holdings. Existing investors Nio Capital, Linear Capital, and Alpha Startups Fund re-upped.
Rise Climate, ADQ commit $994m to Tata Motors EV unit
TPG Rise Climate, a climate-focused strategy under TPG’s global impact investment platform, has agreed to invest INR75 billion ($994 million) in the electric vehicle (EV) unit of India’s Tata Motors.
India digital banking player Open raises $100m
Temasek Holdings has led a $100 million Series C round for Indian online banking company Open Financial Technologies with support from Google.
Lightspeed joins $125m round for India virtual events platform
Lightspeed Venture Partners has joined a $125 million Series B round for India-based virtual events platform Hubilo.
Eneos to buy PE-backed Japan Renewable Energy for $1.8b
Eneos Holdings, an oil company and active technology investor, has agreed to acquire Japan Renewable Energy (JRE) from Goldman Sachs Asset Management and GIC.
Norwest, Kedaara lead $59m round for India NBFC
Norwest Venture Partners and Kedaara Capital have led a INR4.4 billion ($58.6 million) Series F round for Indian non-banking finance company (NBFC) Veritas Finance.
Australian Business Growth Fund seals debut deal
The Australia Business Growth Fund (ABGF) has made its first investment, committing A$15 million ($11 million) to local lithium-ion battery manufacturer 3ME Technology.
East, Vulcan lead $15m Series A for Singapore's Qapita
Qapita, a Singapore-based provider of software used by start-ups to manage cap tables and employee stock ownership plans (ESOP), has raised $15 million in Series A funding.
Allegro sells New Zealand retailer to Pencarrow
Australian turnaround investor Allegro Funds has sold The Interiors Group – a New Zealand-based home interiors retailer formerly known as Carpet Court – to Pencarrow Private Equity.
India cloud kitchen player Rebel Foods raises $175m
India-based cloud kitchen operator Rebel Foods has raised $175 million in Series F funding, led by Qatar Investment Authority (QIA), at a valuation of $1.4 billion.
India's Coinswitch Kuber raises $260m
Indian crypto exchange Coinswitch Kuber is claiming to be the largest app of its kind locally following a $260 million Series C round featuring Andreessen Horowitz at a $1.9 billion valuation.
Indonesia fintech start-up Ajaib achieves unicorn status
Ajaib, an online stock-trading platform in Indonesia, has raised $153 million in a Series B funding round led by DST Global at a valuation of $1 billion.
India's Licious secures $52m Series G
Licious, an India-based online retailer specializing in fresh meat and seafood, claims to have become the country’s first direct-to-consumer (D2C) unicorn following a $52 million Series G round.