The round consisted of a primary and secondary transaction and the latter allowed Xiaomi to fully exit the company and Kunlun to reduce its shareholding.
India-based digital lending platform KreditBee has obtained $75m in a series C round that allowed smartphone manufacturer Xiaomi to fully exit and internet company Kunlun to partially sell its stockholding, the Economic Times reported yesterday.
Mirae Asset Venture, PremjiInvest, Alpine Capital and Arkam Ventures provided the financing, which consisted of primary and secondary transactions.
Xiaomi and Kunlun’s share sale formed part of a larger move by KreditBee to reduce exposure to Chinese shareholders, and Shunwei Capital has also reduced its…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
