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UOB Venture Management Leads USD23m Series C for Vietnam’s ELSA

UOB Venture Management led a USD23m Series C for ELSA, a Vietnam-based English learning platform, with participation from UniPresident, Aozora Bank, Vietnam Investments Group and the Development Bank of Japan, as well as follow-on from Gradient Ventures, Monk’s Hill Ventures and Globant Ventures.  Read More

Monk’s Hill Ventures Leads pre-Series A for Vietnam’s Saladin

Monk’s Hill Ventures led a pre-Series A for Saladin, a Vietnam-based insurtech platform, with participation from Peak XV Partners, Venturra Capital, Patamar Capital and angel investors. Read More

KKR Invests USD250m in India’s Reliance Retail

KKR invested USD250m in India-based retail chain Reliance Retail, at a reported USD100b valuation. Read More

KKR To Acquire Majority Stake in China’s Ruirentang Pharmaceutical Group

KKR agreed to acquire a majority stake in China-based pharmacy chain Ruirentang Pharmaceutical Group. Read More

Temasek Leads USD140m Round for India’s Ola Electric

Temasek led a USD140m round for Ola Electric, an India-based electric scooter manufacturer, at a reported USD5.4b valuation.  Read More

AfricInvest To Invest USD40m in British University in Egypt

AfricInvest agreed to invest USD40m in The British University in Egypt, a private institution in Cairo, Egypt.  Read More

AIIM To Invest USD90m in Joint Venture with N+ONE DATACENTERS

African Infrastructure Investment Managers (AIIM) agreed to invest USD90m to develop a new Pan-African data center and cloud services platform in a joint venture with N+ONE DATACENTERS. Read More

Baring Private Equity Partners India Leads USD15m Series A for India’s SatSure

Baring Private Equity Partners India led a USD15 Series A for SatSure, an India-based innovative decision analytics company specializing in satellite imagery, with participation from Omidyar Network India and xto10X, as well as follow-on from Force Ventures, Luckbox Ventures and IndigoEdge Advisors. Read More

BPEA Exits India’s Coforge for USD924m

BPEA EQT fully exited its remaining 26.6% stake in India-based IT services provider Coforge for USD924m through a block trade. Read More

Stepstone Leads USD200m Series E for India’s Zepto

Stepstone Group led a USD200m Series E for Zepto, an India-based grocery delivery platform, with participation from Goodwater Capital, as well as follow-on from Nexus Venture Partners, Glade Brook Capital and Lachy Groom. The round values Zepto at USD1.4b, making it the first Indian unicorn in 2023. Read More

Everstone Exits 29.5% Stake in India’s SJS Enterprises for ~USD66m

Everstone Capital fully exited its remaining 29.5% stake in SJS Enterprises, an India-based decorative auto-parts manufacturer for car brands, for ~USD66m. Everstone first invested in SJS in October 2015. Read More

Temasek and TPG Invest USD80m in India’s Dr. Agarwal’s Health Care

India-based eye hospital chain Dr. Agarwal’s Health Care raised a USD80m round from Temasek and TPG Growth. Read More