There were 211 exit deals in 2017 totalling $15.7 billion.
With the investment, the HK-based Hillhouse Capital will own a minority stake in Trumid.
Even if only 1% of Paytm’s over 300 million customers use the new credit card, that will add huge number to Citi's existing customer base.
An acquisition would create a lender with $76 billion in assets.
Singapore government’s SGInnovate has co-led a $804k seed funding round in deep-tech startup Merkle Science.
Temasek and UOB are contributing $100 million each to InnoVen Capital.
Q & A
STRIVE, formerly GREE Ventures, has hit the first close of its $130m third vehicle.
These include HK-based Abax Asian Structured Private Credit Fund III and Bain Capital Asia IV.
TR Capital III closed in 2016 with $200 million in capital commitments.
The private equity firm specialises in buyouts of small- and mid-sized companies.
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