Cento Ventures has led a $52 million round for 2C2P, a Singapore and Bangkok-based payments platform that claims to serve some 620 million customers across Southeast Asia.
IFC and Arbor Ventures also participated. It brings total funding to $70 million. Melissa Guzy, co-founder of Arbor, described the company as “freeing up trillions of dollars stuck within the cash economy.”...
Shanghai Kechow Pharma, a Chinese small molecule targeted drug developer, has raised a $45 million Series C round led by Decheng Capital.
Kurt Bjorklund, a co-managing partner at Permira, explains how a sector-focused investment style is becoming indispensable in Asia’s competitive and disruption-prone markets
Baibu, a Chinese B2B trading and services platform for the textiles and fabrics industry, has raised a $300 million Series D round led by DST Global.
Food delivery start-up Delivery Hero has agreed to acquire Korean peer Woowa Brothers in a deal that values the target at $4 billion and will facilitate exits for several private equity investors.