GL Ventures, the VC unit of Hillhouse Capital, invested a CNY900m (USD130m) pre-series B round for Biren Technology, a Chinese artificial intelligence chip design company. Sky9 Capital, Gaorong Capital, Co-Stone Capital, and Shenzhen Haichuang Fund Management also participated, as did Jinpu Investment, a unit of government-backed Shanghai International… Read More
Multiples Alternate Asset Management has increased its 11.03% stake in India-based fashion and retail company Arvind Fashions to 11.67% through the acquisition of an additional 5.04 million shares for INR505m (approximately USD6.7m). Read more… Read More
Centurium Capital has acquired a controlling stake in China-based Beijing Jingdu Children’s Hospital for a reported USD150m. Read more… Read More
UAE-based VC 971 Capital led a USD20m investment in Dubai-based insurtech Sehteq. Read more… Read More
Highlight Capital, CPE (formerly known as CITIC Private Equity), and Yingke Capital led a CNY500m (approximately USD72m) Series D for China-based medical devices manufacturer Hanyu Medical, with participation from Beijing Alan Asset Management, Everest Ventures, MeFund, Orient Securities Capital, TF Capital, and Chunfeng Venture Capital. Read more… Read More
KTB Network led a USD11.4m Series A for India-based lifestyle-focused video platform Trell, with participation from Samsung Ventures and Firebolt Ventures, and existing investors Sequoia Capital, Fosun RZ Capital, and WEH Ventures. The deal is pending government approval. Read more… Read More
The Virginia Retirement System has committed USD125m to KKR Asia Fund IV. The vehicle, which targets USD12.5b, will make pan-Asia investments with a focus on control buyout transactions. The fund recently received USD70m and USD300m commitments from the Texas Permanent School Fund and the New York State Common… Read More
FutureX Capital and Tao Chang, founder of Dianping.com, led a USD120m Series C for China-based English learning platform Palfish, with follow-on from SIG and Whales Capital. Read more… Read More
SEAF has made an undisclosed investment in CloudCfo, a Philippines-based tech-enabled provider of outsourced accounting and financial services, through its Women’s Opportunity Fund. Read more… Read More
A1A Company led a USD32m investment in India-based healthtech Practo, with participation from Tencent, Sequoia Capital, Sofina Ventures, Matrix Partners, G Capital, and RTP Global. Read more… Read More
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