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CarDekho’s Southeast Asia biz to close $60 Mn in maiden round

Entrackr

Entrackr · 1y ago

CarDekho’s Southeast Asia biz to close $60 Mn in maiden round

CarDekho's Southeast Asia business is reportedly close to securing a maiden funding round of $50-60 million. The funding is expected to come from new and existing investors, with the entity's valuation estimated to be within the range of $300-350 million. CarDekho expanded into the Southeast Asia region after acquiring Carmudi and operates in countries like Indonesia, the Philippines, and Thailand. The round is anticipated to be finalized by the end of the month. CarDekho's co-founders Amit Jain and Anurag Jain hold significant stakes in the company.

Related News

CarDekho’s Southeast Asia unit raises $60 mn from Navis Capital, others

VCCircle

VCCircle · 8m ago

CarDekho’s Southeast Asia unit raises $60 mn from Navis Capital, others

Indian automobile marketplace CarDekho has raised $60m in the first external funding round for its Southeast Asia unit, CarDekho SEA. The funding was led by private equity firm Navis Capital Partners, Dragon Fund and Liquidity Group. CarDekho SEA aims to use the funding to enhance its capabilities and strengthen its presence in Southeast Asia. The company has already raised $40m from its parent company, bringing its total funding to $100m. The Singapore-based SEA unit offers services such as used car finance, dealer inventory funding and classifieds across several Asian markets.

VuNet Systems bags Series B funding from Pravega Ventures, others

VCCircle

VCCircle · 6m ago

VuNet Systems bags Series B funding from Pravega Ventures, others

VuNet Systems has raised Rs 60 crore ($7 million) in a Series B funding round led by Pravega Ventures and Kotak Securities. The AI-driven data analytics company will use the funds to expand its global presence in markets like India, the Middle East, Africa, and Southeast Asia, enhance product capabilities, and scale marketing efforts. VuNet's vuSmartMaps platform helps financial institutions improve digital payment workflows, currently monitoring close to 20 billion transactions monthly for over 25 clients.

Asia Partners raises $474 mn for second PE fund

VCCircle

VCCircle · 1y ago

Asia Partners raises $474 mn for second PE fund

Singapore-based private equity firm, Asia Partners, has raised $474 million for its second fund, with new investor, International Finance Corp (IFC) from the World Bank joining the round. The fund focuses on investments in the Southeast Asian tech sector. Returning investors include the International Development Finance Corp, Financial Investments Corp, Deutsche Investitions- und Entwicklungsgesellschaft, and Generation Capital. This second fund brings Asia Partners' total assets under management to $1 billion.

Asia Partners raises $474 mn for second PE fund

VCCircle

VCCircle · 1y ago

Asia Partners raises $474 mn for second PE fund

Singapore-based private equity firm Asia Partners has raised $474 million for its second fund, focused on the technology sector in Southeast Asia. The fund's investors include the International Finance Corp, the Deutsche Investitions- und Entwicklungsgesellschaft, and Generation Capital. Asia Partners believes that this decade will be a "golden age of entrepreneurship and innovation" for Southeast Asia. The firm previously raised $384 million for its debut fund in 2021 and has a portfolio that includes ShopBack and Carsome. The new fund brings Asia Partners' total assets under management to $1 billion.

Verod-Kepple Africa Ventures raises $60 mn for maiden fund

VCCircle

VCCircle · 1y ago

Verod-Kepple Africa Ventures raises $60 mn for maiden fund

Pan-African venture capital firm Verod-Kepple Africa Ventures (VKAV) has closed its maiden fund at $60 million. The Lagos-based VC firm, a joint venture between Verod Holdings and Kepple Africa Ventures, will use the funding to invest in growth-stage tech-enabled startups across the continent. The fund's focus areas include digital infrastructure, inefficiency solvers, and market creators. VKAV has already invested in 12 companies, including Moove Africa and KOKO Networks. The final close of the fund comes after securing commitments from new limited partners, including Nigeria's SCM Capital and institutional investors from Japan.

Incubate Fund Asia plans new outing after closing third fund below target

VCCircle

VCCircle · 11m ago

Incubate Fund Asia plans new outing after closing third fund below target

Japanese venture capital firm, Incubate Fund Asia, has closed the final round of its third fund below its target. However, the firm is now planning to raise two new funds with higher targets. Incubate Fund Asia focuses on investing in early-stage companies in India and Southeast Asia.

Sixth Sense Ventures Puts $3 Mn in MyHealthcare

Entrackr

Entrackr · 1y ago

Sixth Sense Ventures Puts $3 Mn in MyHealthcare

Making its first investment in healthtech segment, Sixth Sense Ventures has put $3 million in MyHealthcare as a part of ongoing Series A round. MyHealthcare will use the fund to expand across Southeast Asia. It works on a partnership model with hospitals and provides EMR, health trackers, video consult, and 24×7 health monitoring services, among others. In July 2018, the Gurugram-based startup had raised $2 million from Hunch Ventures and angel investor Ajay Nanavati (Source)

Nisus Finance targets overseas LPs for Gulf fund, sets closing timelines

VCCircle

VCCircle · 6m ago

Nisus Finance targets overseas LPs for Gulf fund, sets closing timelines

Nisus Finance Services, an Indian real estate investment firm, is expanding its investor outreach to Southeast Asia, Europe, and the Middle East for a $500 million Gulf-focused real estate fund. The firm aims for a final close by the end of the year.

Africa’s Helios Climate and InfraCo Asia invests $60M in SUN Mobility

YourStory

YourStory · 8d ago

Africa’s Helios Climate and InfraCo Asia invests $60M in SUN Mobility

Africa’s Helios Climate and InfraCo Asia have invested $60 million in India’s SUN Mobility to expand its battery swapping network, targeting growth in Africa and Southeast Asia. SUN Mobility, a leader in e-mobility solutions, will use the funds to launch its innovative battery swapping technology in regions like Kenya and the Philippines. Their platform supports multiple vehicle types, offering scalable and climate-resilient solutions. The company already operates over 900 swapping stations globally.

Karkhana.io raises $6.3M in Series A funding

YourStory

YourStory · 1y ago

Karkhana.io raises $6.3M in Series A funding

Custom manufacturing platform Karkhana.io has raised $6.3M in Series A funding round led by Arkam Ventures and Susquehanna Asia Venture Capital. Vertex Ventures Southeast Asia and India also participated in the round. The funds will be used to fuel expansion of the company's supplier network, establish an electronics supply chain, and drive scaling efforts in the United States and Europe.

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