Space Cycle, a boutique fitness studio chain operating in mainland China and Taiwan, has raised a RMB100 million ($15.6 million) Series B round of funding led by Alibaba Taiwan Entrepreneurs Fund.
Singapore’s Temasek Holdings has led a Series C round of undisclosed size for Rokid, a Chinese artificial intelligence (AI) developer focused on home automation devices.
BingoBox, a Chinese unmanned convenience store operator, has raised an $80 million Series B round of funding led by Fosun Capital. Existing investors Prometheus Capital, Qiming Venture Partners, GGV Capital and Ventech China also took part.
Crescent Capital Partners has acquired Australia-based clinical research organization (CRO) Nucleus Network from The Baker Institute, an independent research institute that focuses on heart disease and diabetes.
Dominik Woessner, formerly head of Greenhill Cogent’s secondary advisory business in Asia, has joined Lazard to lead the origination and execution of secondaries transactions in the region.
Quadrant Private Equity has acquired Darrell Lea, a candy maker based in Australia and New Zealand.
Ziroom, a Chinese apartment rental service provider, has raised a RMB4 billion ($621 million) Series A round of funding led by Warburg Pincus, Sequoia Capital, and Tencent Holdings.
Bianlifeng, a Chinese PE-backed cashier-free convenience store operator, has acquired a controlling stake in its peer Lingwa. Financial terms were not disclosed.
Pony.ai, a China and US-based start-up that develops autonomous driving solutions, has completed a $112 million Series A round of funding jointly led by Morningside Venture Capital and Legend Capital.
Tiger Global and Y Combinator have led a $20 million Series B round for India-based online payment gateway Razorpay.
KKR has joined a group of investors including Singapore’s GIC Private and the Ontario Municipal Employees Retirement System (OMERS) to commit INR111 billion ($1.75 billion) to listed Indian financial institution HDFC.
Hupu Sports Media, a Chinese language sports information and e-commerce site, has raised a RMB618 million ($96 million) round led by a government-backed fund managed by China International Capital Corporation (CICC).
Singapore’s Infocomm Media Development Authority (IMDA) is partnering with two state-sponsored academic institutions to launch a start-up accelerator focused on technology related to legal practices.
CITIC Capital has increased its stake in Harbin Pharmaceutical Group to 60.86%, becoming the controlling shareholder of the Chinese state-backed business in which it has been an investor since 2005.
Pagoda, a Chinese fruit store chain operator, has completed a RMB1.5 billion ($230 million) Series B round of funding.
India has broadened its regulations on foreign direct investment (FDI), permitting unconditional 100% FDI in sectors including single-brand retail trading (SBRT).
Morgan Stanley Private Equity Asia (MSPEA) has completed two investments in India, committing INR1.6 billion ($25.1 million) to medical devices business Sahajanand Medical Technologies (SMT) and INR1.52 billion to health foods producer Southern Health...
Niyo Solutions, an Indian financial technology company specialized in payroll services, has raised a $13.2 million Series A round from a group of VC firms, including Hong Kong’s Horizons Ventures.
CITIC Capital has completed the acquisition of Axilone, a Europe-headquartered packaging supplier to the cosmetics industry. The deal facilitates an exit for Oaktree Capital Management.
Emerald Media, a pan-Asian media and entertainment platform backed by KKR, has acquired a majority stake in Cosmos-Maya, an animation studio based in Singapore and India.
South Korean automaker Hyundai has joined the latest funding round for Southeast Asia-based ride-hailing platform Grab. The move comes five months after Toyota also backed the company.
Indian non-banking financial services company (NBFC) Samunnati has raised an INR1.5 billion ($23.5 million) funding round from investors including Accel Partners and Elevar Equity.
Black Fish, a Chinese online consumer finance platform, has raised a RMB950 million ($146 million) Series A round from Lightspeed China Partners, Morningside Venture Capital, Jafco Asia, and Gobi Partners.
Tiger Global Management and TAL Education have invested $100 million in a Series C round of funding for Dada ABC, an online K-12 English education platform based in China.