Chinese data analytics firm Kyligence bags $70m in Series D round
Return backers – Shunwei Capital, Redpoint China Ventures and Eight Roads – re-upped in the round.
China’s Wanda raising $3b ahead of HK IPO for property management unit
Chinese developers raised a record $10.4 billion in HK listings last year, showed data from Refinitiv.
SoftBank Vision Fund seen posting record earnings driven by gains on Coupang
SoftBank’s 37% stake in Coupang was worth around $30 billion at the end of the March quarter.
CITIC Capital-backed entertainment firm Cityneon raises $177m
Existing investors Pavilion Capital and EDBI have participated in the funding round.
What prompted India’s Byju’s to acquire test-prep firm Aakash in $1b deal?
Aakash’s tier-III town expansion will provide Byju’s a launchpad to increase its market beyond big cities.
Indonesia’s warung enablers in talks to raise over $200m in fresh capital
These fundraising negotiations are set to continue the momentum seen in the first quarter.
SG’s Play Ventures replaces Golden Gate Ventures as LuneX fund advisor
Golden Gate has conducted a partial sale of its rights to receive carry for the LuneX fund.
IFC mulls $150m loan to Indian consumer lending firm Bajaj Finance
The loan will help Bajaj Finance expand its lending to MSMEs in India.