IFC proposes to extend $100m loan to ChrysCapital-backed Hero FinCorp
The investment will be in the form of a senior loan.
China’s Abogen Biosciences raises $92m in Series B round
PICC Capital, SDIC Venture Capital Management and YF Capital co-led the round.
Japan’s Hitachi in talks with Bain to sell metals unit for over $7.3b
Bain, Japan Industrial Partners and Japan Industrial Solutions are considering buying a 53% stake in Hitachi Metals.
Indian market regulator fines Reliance’s Mukesh Ambani, others $3.36m
The fine has been imposed over irregularities in a two-decade-old share issue in the company.
SG fintech firm MatchMove’s talks with investors to raise $50m falls through
This is primarily because the firm failed to secure a digital banking licence from MAS.
Australia’s Canva valued at $15b after $71m funding round
The investment has brought the total capital raised by Canva to almost $390 million.
IFC mulls $15m investment in UOB Venture Management’s second impact fund
Asia Impact Investment Fund II has a target corpus of $100 million.
India: PharmEasy enters unicorn club with $350m Series E round
PharmEasy is said to have achieved $1.5b valuation in the latest round.