IFC and IFC Emerging Asia Fund led a USD39m Series C for Evermos, an Indonesia-based social commerce platform, with follow-on from Jungle Ventures, Shunwei Capital, UOB Venture Management and others. … Read More
GPCA’s Q1 2023 Industry Data & Analysis features in-depth data, commentary and analysis on key trends across global markets. Key insights: Private capital deal value across GPCA’s markets declined year over year in Q1 to USD21.8b as investor caution prevails. Market uncertainty also affected fundraising and exit… Read More
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
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
General Atlantic invested an additional USD100m in PhonePe, an India-based mobile payments app. General Atlantic first invested USD350m in January 2023. Read More