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Turn Capital acquires Taiwan's FRND fashion e-tailer

PRIVATEDec 12, 2025

Acquiring Company

Turn Capital

Acquired Company

Frnd

PuneFinancial ServicesFinanceVenture CapitalAngel InvestmentSoftwareMedia And EntertainmentRetail

Description

Turn Capital has successfully acquired FRND, a Taiwan-based influencer-driven e-commerce platform. This acquisition allows Turn Capital to leverage its operational expertise to help FRND expand regionally. FRND has successfully built seven influencer-led brands and possesses a strong social media presence. The deal is expected to position FRND as a leading fashion powerhouse in Asia.

Quick answer

Turn Capital is acquiring Frnd, announced December 12, 2025.

How much did Turn Capital pay for Frnd?
The deal value was not disclosed.
What does Turn Capital do?
Turn Capital is a distressed buyout investor focusing on acquisitions in Asia.
Where are Turn Capital and Frnd based?
Frnd is based in Pune, Maharashtra, India.
Who are the decision-makers at Turn Capital?
Fundz holds 1 contact at Turn Capital. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Turn Capital

About

Turn Capital is a distressed buyout investor focusing on acquisitions in Asia. It was founded in 2020 by Joseph Phua. The firm manages a portfolio of companies valued over $1 billion. It targets majority stakes in early growth-stage consumer technology companies.

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Senior decision-maker at this company
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Frequently asked

Who acquired Frnd?

Frnd was acquired by Turn Capital. The deal was reported on December 12, 2025. Turn Capital is a distressed buyout investor focusing on acquisitions in Asia. It was founded in 2020 by Joseph Phua. The firm manages a portfolio of companies valued over $1 billion. Turn Capital is privately held and operates in Financial Services.

When did Turn Capital acquire Frnd?

Turn Capital's acquisition of Frnd was reported on December 12, 2025. Turn Capital has successfully acquired FRND, a Taiwan-based influencer-driven e-commerce platform. This acquisition allows Turn Capital to leverage its operational expertise to help FRND expand regionally. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Frnd do?

It is privately held, operating in Software, and is based in Pune.

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