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General Atlantic, Sequoia China and Mubadala Lead USD2b Round for China’s Shein

Shein, a China-based global fashion retailer, raised a USD2b round at a reported valuation of USD66b led by General Atlantic, Sequoia China and Mubadala, with participation from Tiger Global Management and Coatue Management. Read More

Headline Asia Leads USD6.6m Pre-Series B for Singapore’s Jenfi

Headline Asia led a USD6.6m pre-Series B for Jenfi, a Singapore-based revenue-based financing platform for businesses, with participation from ICU Ventures, Granite Oak, Korea Investment Partners & Golden Equator Capital and Atlas Ventures, and follow-on from Monk’s Hill Ventures. Read More

Temasek Invests ~USD225m in India’s PolicyBazaar

Temasek invested INR18b (~USD225m) in India-based insurance aggregator PolicyBazaar. Read More

Warburg Pincus and Northstar Group Lead USD80m Round for Singapore’s Advance Intelligence Group

Warburg Pincus and Northstar Group led a USD80m round for Advance Intelligence Group, a Singapore-based financial technology firm. Read More

Quadria Capital Acquires Majority Stake in Malaysia’s Straits Orthopaedics

Quadria Capital acquired a majority stake in Straits Orthopaedics, a Malaysia-based medical device manufacturer focused on orthopaedics.  Read More

Horizon Capital Reaches USD254m Interim Close for Growth Fund IV

Horizon Capital reached a USD254m interim close for its fourth growth fund focused on providing growth capital to entrepreneurs in Ukraine and Moldova. Read More

Egypt’s Kazyon Raises USD165 Equity Investment

Egypt-based discount supermarket chain Kazyon raised a USD165m investment from DPI, BII, South Suez and others.  Read More

Capria Ventures Reaches USD100 First Close for Global South Fund II

Capria Ventures reached a first close for its second global south fund, which aims to back 20-25 tech startups in Africa, India, Southeast Asia, Latin America and the Middle East. The fund has a target of USD100m. Read More

Asian Development Bank To Provide USD174m of Loans to Saudi Arabia’s ACWA Power

The Asian Development Bank agreed to provide USD174m of loans to Saudi Arabia-based energy company ACWA Power to develop two wind power plants in Uzbekistan.  Read More

Logos Ventures Leads USD2.5m Seed Round for Senegal’s Chargel

Logos Ventures led a USD2.5m seed round for Chargel, a Senegal-based trucking logistics platform, with participation from Ventures Platform, Foundation Botnar, DFS Labs and Seedstars. Read More

DPI-led Consortium Acquires Cote d’Ivoire’s Solevo

A consortium of investors led by DPI acquired Solevo, a Cote d’Ivoire-based distribution platform for specialty chemicals, from Helios Investment Partners. South Suez and DEG co-invested in the buyout. Read More

Monk’s Hill Ventures Reaches USD200m Final Close for Fund III

Monk’s Hill Ventures reached a USD200m final close for its third early-stage fund focused on tech investments in Southeast Asia. The vehicle had a target of USD150m.  Read More