Affirma Capital

Affirma Capital is a private equity investment firm established in 2000 and based in Singapore. It was formed as a spinout from Standard Chartered Private Equity. The firm focuses on various sectors, including engineering and manufacturing, technology, media and telecommunications, financial services, education, consumer and retail, IT services, healthcare and pharmaceuticals, food and agriculture, infrastructure, and transportation. Affirma Capital aims to identify and invest in opportunities across these diverse industries, leveraging its expertise to drive growth and value creation.

Tariq Baareh

Managing Director, MENA

Sandeep Bahl

Managing Director and Head of Private Bank

Vijay Chakravarthi

Partner and Managing Director

Abhinav Dhall

Executive Director

Udai Dhawan

Founding Partner and Head of India Private Equity

Ravinder Grewal

Managing Director

Taeyub Kim

Founding Partner and Head of Korea

Taimoor Labib

Founding Partner at Affirma Capital, Head of MENA and Chairman of Africa

Winston Mandrawa

Managing Director and Co-Head of ASEAN

Mukul Nag

Managing Director

Ivo Philipps

Founding Partner and COO

Abhijit Roy

Vice President

Thomas Shim

Partner

Kim Tae-yeop

CEO

Cindy Wang

Managing Director

Gilbert Zeng

Founding Partner and Head of China

Wei Zhu

Managing Director and Co-Head, Greater China

20 past transactions

COFCO

Post in 2023
COFCO is the largest supplier of diversified products and services in the agricultural products and food industry in China. It is devoted to utilizing renewable natural resources to provide healthy and nutritious food, high quality lifestyle and services, as well as contributing to improve people’s living standards, social prosperity and stability. COFCO plays a pivotal role as a bridge in the markets of edible oils and foodstuff between China and the world, and serves as the main importing and exporting channel for bulk agricultural products such as wheat, corn, rice and sugar. As an investment holding company specialized in trade and processing of oil and foodstuff as well as other businesses, COFCO continuously strives to upgrade its oil and foodstuff chains, which include those of oils and oilseeds, corn, wheat, rice, wine, tomatoes, dairy products, meat, barley, tea, chocolate and various other products. In light of China's economic growth, return on shareholders’ value and available business resources, COFCO is also involved in the development of real estate, hotels, non-grain bio-energy, packaging, finance and other industries.

COFCO Fortune

Private Equity Round in 2023
COFCO Fortune provides high-quality food to customers through a fully integrated value chain with many well-known retailers and other state-owned enterprises.

Carrot General Insurance

Private Equity Round in 2022
Provider of general insurance services intended to sell customizable non-life insurance online. The company offers a wide range of products including general, auto, travel, family insurance and liability insurance cover, enabling its consumers to fulfill their needs while driving down costs effectively.

Terapin

Private Equity Round in 2022
Terapin Studios is a company that does global business covering movies, dramas, and animations based on the IP of webtoons, a new type of media in Korea.

Creative Galileo

Series A in 2022
Creative Galileo is an Edtech startup dedicated to enhancing early childhood education through a gamified mobile application. The app provides a user-friendly interface for both children and parents, allowing for immediate engagement with games and videos. It features a parent zone that enables customization of learning topics, ensuring a personalized educational experience for each child. By integrating engaging content with beloved cartoon characters, Creative Galileo aims to make learning enjoyable. The company plans to utilize funding to scale operations, develop new products, enhance existing offerings, forge partnerships with leading animation studios, and recruit skilled talent.

Belstar Microfinance

Venture Round in 2022
Belstar Microfinance Limited is a non-banking finance company based in Chennai, India, that specializes in providing microfinance services primarily to entrepreneurs involved with self-help group programs. Incorporated in 1988, the company offers a variety of financial products, including micro enterprise loans for agriculture, production, manufacturing, trade, and services, as well as loans for sanitation, consumer goods, education, and insurance. Belstar is recognized for its commitment to alleviating poverty through job creation and integrated community development, aligning its operations with the goals of Hand-in-Hand India, which it partners with to support sustainable micro-enterprises. The company has transitioned into a profitable microfinance institution, maintaining a focus on both financial sustainability and social impact.

Beam

Series B in 2022
Beam Mobility Holdings Pte. Ltd. is a micro-mobility company that offers electric scooters for rent through a user-friendly mobile application. Established in 2018 and based in Singapore, Beam aims to enhance urban mobility by providing a network of shared e-scooters that can be easily accessed on a pay-per-use basis. The company promotes responsible parking by incentivizing users to return scooters to designated parking spots, thereby minimizing clutter on city streets. By leveraging Internet of Things technology, Beam contributes to improved last-mile connectivity, helps alleviate traffic congestion, and supports environmental sustainability efforts.

Belstar Microfinance

Venture Round in 2021
Belstar Microfinance Limited is a non-banking finance company based in Chennai, India, that specializes in providing microfinance services primarily to entrepreneurs involved with self-help group programs. Incorporated in 1988, the company offers a variety of financial products, including micro enterprise loans for agriculture, production, manufacturing, trade, and services, as well as loans for sanitation, consumer goods, education, and insurance. Belstar is recognized for its commitment to alleviating poverty through job creation and integrated community development, aligning its operations with the goals of Hand-in-Hand India, which it partners with to support sustainable micro-enterprises. The company has transitioned into a profitable microfinance institution, maintaining a focus on both financial sustainability and social impact.

Metanet

Private Equity Round in 2021
Provider of information technology infrastructure services intended for enterprises and government. The company offers a variety of services which include cloud computing, digital transformation consultancy, data migration, public and private cloud security as well as data management solutions, thereby enabling clients to meet their information technology infrastructure and digital transformation needs.

Tmap Mobility

Private Equity Round in 2021
T-Map Mobility is a navigation service provider.

Momo

Series D in 2021
Momo is a FinTech startup that provides a mobile electronic wallet and payment application for iOS and Android users in Vietnam. The platform enables customers to conduct nationwide cash transfers and pay for over 100 types of bills, including mobile phone recharges, personal loans, and various services such as software licenses, online game cards, and tickets for airlines and movies. Momo partners with 24 domestic banks and international payment networks, facilitating secure and efficient financial transactions for its users. The application is designed to enhance payment services, allowing for easy money transfers and commodity purchases, all within a user-friendly interface.

Sieu Viet

Private Equity Round in 2020
Sieu Viet Group, established in 2004 and headquartered in Ho Chi Minh City, Vietnam, specializes in online recruitment services. The company operates job listing websites that facilitate connections between employers and job seekers across the country. By providing a platform for job postings and applications, Sieu Viet Group plays a significant role in the Vietnamese labor market, helping to streamline the hiring process for businesses and enhance employment opportunities for individuals.

Hwas Assets

Series C in 2019
Hwas Assets is a wealth management firm that specializes in providing comprehensive financial services to high-net-worth individuals. The company offers a range of advisory services, including fixed income, equity, and foreign investments, aimed at helping clients meet their financial goals. By focusing on personalized investment strategies, Hwas Assets seeks to enhance the financial well-being of its clients through tailored solutions that align with their specific needs and objectives.

Prodapt

Private Equity Round in 2019
Prodapt Solutions is a specialized IT services company serving global Digital Services Providers. Prodapt Solutions provides its solutions to digital services providers such as telecommunications and cable companies. The company claims to help its clients transform their IT, products, operations and networks to meet their strategic objectives.

Tirupati Group

Private Equity Round in 2019
Manufacturer of nutraceutical supplements committed to serving customers with reliable and affordable healthcare products. The company provides pharmaceuticals, sports nutrition, skin care, and health care products and offers end-to-end services from research to product launch, enabling clients to get safe products for their customers.

Dianrong

Private Equity Round in 2019
Dianrong is an online marketplace lending company in China that leverages technology to enhance financial accessibility for individuals and small to medium-sized enterprises. It operates a peer-to-peer lending platform that facilitates online lending and borrowing, providing a comprehensive financial service environment. The platform is integrated with various third-party payment systems, which allows for efficient, rapid Internet and mobile payment methods. Dianrong's advanced infrastructure enables the customization of lending products and services tailored to specific industries, all backed by robust online risk-management and operational tools. The company's focus on compliance and transparency aims to enrich the lives of its users while revolutionizing the financing landscape in China.

Hwasung Cosmetics

Acquisition in 2019
Hwasung Cosmetics Co., Ltd. is a South Korean manufacturer specializing in color cosmetics, offering a diverse range of products tailored for the beauty industry. Founded in 1964 and headquartered in Bucheon-si, with additional offices in Seoul and Gimpo-si, the company produces items such as eyebrow pencils, liquid eyebrow pens, brow pomade, mascaras, eyeliners, lipsticks, lip glosses, and various face products including foundations, blushes, and concealers. Hwasung Cosmetics emphasizes proprietary formulation technology and provides integrated services that cover the entire process from formulation to packaging. This comprehensive approach enables clients to access a wide array of makeup products designed to enhance their fashion and beauty needs.

Northern Arc

Venture Round in 2019
Northern Arc Capital Limited is a non-banking financial company based in Chennai, India, established in 1989. The company specializes in providing a range of financial services, including microfinance, agricultural finance, housing finance, vehicle finance, and consumer finance. It also offers small business and gold loans, along with fintech services. Northern Arc focuses on connecting high-quality originators to enhance financial service access for underserved households and businesses. In addition to its lending services, the company provides structured products, capital market instruments, term loans, debt syndication, guarantee-backed lending, and fund management services. Originally known as IFMR Capital Finance Private Limited, the company rebranded to Northern Arc Capital Limited in March 2018.

Kamoso

Private Equity Round in 2017
Kamoso Distribution (Pty) Ltd is a manufacturer and supplier of consumer goods and medical supplies, primarily serving the retail and healthcare sectors in Southern Africa. The company offers a diverse range of products, including fast-moving consumer goods, groceries, beverages, personal care items, pharmaceuticals, liquor, building materials, and equipment. Operating from facilities in Botswana and South Africa, Kamoso caters to the needs of retailers in Botswana, South Africa, Zambia, and Zimbabwe, ensuring a wide distribution of essential products across these markets. Based in Gaborone, Botswana, Kamoso is committed to meeting the demands of both consumers and businesses in the region.

Kolon Water & Energy

Private Equity Round in 2009
Kolon Water & Energy is the biggest sewage and water processing operation management (O&M) company in South Korea with a market share of nearly 40 percent. Its net profit stood at 6.7 billion won last year, while operating profit and sales amounted to 8.3 billion won and 233.3 billion won, respectively.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.