The economic fallout from COVID-19 will not spare any sector, but careful planning can ensure private equity firms can take advantage of India’s ambitious energy transition goals
Actis Capital has acquired a 400 megawatt portfolio of operating solar projects in central India from Acme Solar.
Vietnam’s VinaCapital and Japan’s Daiwa PI Partners have sold the remainder of their interest in Vietnamese dairy producer International Dairy Products (IDP).
Indian online used car marketplace Spinny has acquired local counterpart Truebil, setting up several venture capital exits.
Byju’s, an Indian online learning platform backed by several PE and VC firms, has acquired WhiteHat Jr, a platform that helps students learn to code.
Wahyoo, a digital solutions provider for Indonesian eateries, has raised $5 million in a Series A round led by Intudo Ventures.
Navis Capital Partners has sold its controlling stake in Malaysian IT firm Strateq to a local subsidiary of Singapore telecommunications company StarHub.
EDBI, the investment arm of Singapore’s Economic Development Board, has invested in Vesta, a US-based fraud and payment technology start-up with ambitions to expand into Asia.
Tata Capital Growth Fund has invested INR2.25 billion ($30 million) in the biosimilars business of India-listed pharmaceuticals giant Biocon.
Advent International has agreed to buy a controlling stake in Indian pharmaceutical company RA Chem Pharma.
Line Man, a parcel-to-food delivery app launched in Thailand by Japan’s Line Corporation, has raised $110 million from BRV Capital, an affiliate of BlueRun Ventures.
Ritesh Agarwal (pictured), the founder of Indian hotel booking platform Oyo, has launched a Singapore-headquartered venture capital firm called Aroa Ventures.
Indian educational technology startup Toppr has raised $50 million (INR3.5 billion) in a Series D funding round led by United Arab Emirates-based investment firm Foundation Holdings.
With millions of Indian students facing the possibility of an academic year conducted entirely online, educational technology start-ups have an opportunity for business model validation
Traveloka, an Indonesian online travel services company, has closed a funding round of $250 million, reportedly accepting a stepdown in valuation in the process.
India's Vedantu has raised $100 million in funding to support its ongoing diversification into non-test preparation services. Other players in the online education space have similar plans
India has banned 47 more Chinese apps - saying they are clones of earlier outlawed products - and there are expectations that the crackdown could extend even further.
An investigation into the apparent suicide of V.G. Siddhartha, founder of Indian coffee chain Café Coffee Day, has revealed that a promise of guaranteed returns to private equity investors might have contributed to the entrepreneur's untimely demise.
Steadview Capital has invested $85 million in India and US-based cloud business software developer Freshworks through the purchase of shares from existing investors.
Private equity professionals focusing on healthcare told the AVCJ Southeast Asia Virtual Forum that COVID-19’s full impact has yet to be understood. The private and public sectors will need to work together to see out a difficult year.
LPs from five global funds say cultural issues and a relative lack of crisis experience have led to difficulties getting quality disclosure from Asian fund managers.
Taranis, an Israel drone-based crop monitoring solution provider for farms, has raised $30 million in a Series C round eyeing expansion opportunities in Asian markets.
Industry professionals at the AVCJ Southeast Asia Virtual Forum predicted a rise in regional acquisition opportunities although valuations remain stubbornly high for now.
Indian agricultural technology start-up VeGrow raised $2.5 million in a seed funding round led by Ankur Capital and Matrix Partners India.