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 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 invested INR18b (~USD225m) in India-based insurance aggregator PolicyBazaar. Read More
Warburg Pincus and Northstar Group led a USD80m round for Advance Intelligence Group, a Singapore-based financial technology firm. Read More
Quadria Capital acquired a majority stake in Straits Orthopaedics, a Malaysia-based medical device manufacturer focused on orthopaedics. … Read More
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-based discount supermarket chain Kazyon raised a USD165m investment from DPI, BII, South Suez and others. … Read More
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
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 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
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