Healthcare-focused Panacea Venture has led a $40 million Series C round for China’s XWPharma, a neurobiology-focused biotech developer previously known as XW Laboratories.
Japan-based 31 Ventures, a VC firm established by local investor Global Brain and property developer Mitsui Fudosan, has launched a second fund of JPY8.5 billion ($81 million).
Acko, an Indian financial technology start-up touted as the country’s only digital-native insurer, has secured a $60 million investment featuring Amazon and two global insurance providers.
Lightspeed Venture Partners has formalized its Southeast Asian practice with the nomination of Akshay Bhushan (pictured) as head of a new Singapore office and three additional hires.
Sequoia Capital India has led a $12 million Series A round for Bengaluru-based virtual events platform provider Airmeet.
Korean internet conglomerate Naver has led an $80 million round for Singapore’s Carousell, a mobile classifieds marketplace, at a valuation of $900 million.
CLSA Capital Partners (CLSA CP) has acquired Japanese 24-hour fitness club operator Worldplus for an undisclosed sum.
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Australia’s Pacific Equity Partners (PEP) has agreed to acquire 100% of Sydney-listed enterprise software and IT services provider Citadel for A$503 million ($367.5 million).
Groww, a financial technology start-up considered the largest retail brokerage in India, has closed a $30 million Series C round with support from Sequoia Capital India.
TPG Capital has joined a consortium led by Singapore Life (Singlife) that has agreed to acquire the Singapore business of UK insurance giant Aviva for S$2.7 billion ($2 billion).
Tiger Global Management and Temasek Holdings have contributed $160 million to an ongoing Series J round for India-based food delivery company Zomato.
Indonesian logistics technology provider Waresix has secured about $75 million in Series B funding led by existing backers EV Growth and Jungle Ventures.
Cool Japan Fund has led a $40 million Series C round for Vpon, a Taiwan-based big data and advertising services provider.
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Navis Capital Partners has sold Australian educational resources provider Modern Star to local private equity firm Pacific Equity Partners (PEP) at an enterprise valuation of about A$600 million ($433 million).
Africa-focused private equity firm Helios Investment Partners has led a $60 million Series B round for Singapore financial technology start-up Thunes.
Vistra, a Hong Kong-based corporate services provider and fund administrator owned by Baring Private Equity Asia, has acquired Japanese accounting specialist Routes for an undisclosed sum.
Silver Lake has extended a string of large investments for India-based education technology platform Byju’s at a valuation of around $11 billion.
Japan’s SkyDrive leads Asia in the niche but potentially society-altering category of flying cars. A $37 million Series B round marks the latest step in a long safety build-out and public acceptance process
Australia’s Blackbird Ventures has launched a NZ$60 million ($40 million) New Zealand-dedicated fund with a cornerstone investment of NZ$21.5 million from the government.
Korea’s Naver and Woowa Brothers have joined Singapore’s Sea and Vertex Holdings as LPs in the debut fund from Vietnam-based Do Ventures.
Ennovation Ventures, a Chinese life sciences and healthcare-focused investor, and China Growth Capital have led a RMB130 million ($19 million) round for local biotech developer InxMed.
Canada Pension Plan Investment Board (CPPIB) has committed JPY25 billion ($235 million) to a fund managed by PE-owned warehouse operator GLP that is said to be the largest open-ended logistics vehicle in Japan.