India’s Molbio Diagnostics, a medical equipment maker best known for its COVID-19 testing systems, has raised a USD 85m round featuring Temasek Holdings at an enterprise valuation of USD 1.6bn.
Lihao Semiconductor, a China-based supplier of silicon materials used in solar panels, has raised CNY 2.2bn (USD 305m) in Series B funding from an investor group featuring Oceanpine Capital, V Fund, and Harvest Capital.
Boyu Capital is seeking full control of Chinese property management business Jinke Smart Services Group through a cash offer that values the Hong Kong-listed company at HKD 7.83bn (USD 998m).
Petronas Ventures, the VC arm of Malaysian oil giant Petronas, has led a USD 30m round for drone developer Aerodyne Group with support from domestic pension fund KWAP.
Indian middle market private equity firm True North has acquired a significant minority position in US and India-based IT provider Accion Labs from TA Associates for USD 93m.
Temasek Holdings has led a USD 40m Series B extension for Well-Link Technologies, a China-based provider of real-time cloud rendering solutions for game developers.
With investors going cold on China artificial intelligence, Evomotion has remained popular and profitable by delivering hardware and software to corners of the market that are either overlooked or hard to access
Evomotion, a China-based artificial-intelligence-of-things (AIoT) specialist that supplies software and chips to electronic appliance makers and supermarket retailers, has raised USD 20m in Series B funding.
Thailand’s Line Man Wongnai – a food delivery, taxi, and messaging app – has raised a USD 265m round featuring GIC at a valuation of USD 1bn. It claims to be the largest start-up locally.
Japanese flying car developer SkyDrive has raised JPY 9.6bn (USD 67m) in Series C funding featuring US-based Pegasus Tech Ventures and local strategics such as Suzuki Motor.
A KKR-led consortium has ended its pursuit of Australia-listed hospital operator Ramsay Health Care, having failed to reach an agreement on a AUD 20.1bn (USD 13.9bn) take-private that would have been among the largest private equity deals ever seen in...
Join Ventures, an India-based company that owns a portfolio of direct-to-consumer gifting brands, has raised USD 23.5m in Series B funding led by Motilal Oswal Alternate Investment Advisors.
Cambodia’s Amara Capital has agreed to invest an undisclosed sum in local restaurant and hotel group Thalias Hospitality.
Korea’s Seoul Robotics, which specialises in computer vision for 3D sensors used by autonomous cars, has raised a USD 25m Series B round led by KB Investment.
China-based energy storage company WeView has raised CNY 400 million (USD 57m) from a group including Gaorong Capital, Green Pine Capital Partners, and ZhenFund.
Chinese semiconductor packaging and testing company Shangda has raised a Series A extension of CNY700m (USD 99m) co-led by three government-backed funds.
Advent International has acquired a 60% stake in health food restaurant chain Wagas Group from its founders.
Singapore-based VC firm TNB Aura has led a SGD 45m (USD 32m) round for local consumer electronics brand Prism+ ahead of a Southeast Asia expansion.
Indian private equity firm Creaegis has led a USD 75m Series C round for local insurance technology provider Zopper.
Indian growth-stage investor The Fundamentum Partnership has led a USD 21.8m Series B extension for audio platform Kuku FM.
KKR has led a USD 450m investment in Indian renewable energy company Hero Future Energies (HFE), with parent company Hero Group also participating.
Australia’s Main Sequence Ventures plans to make Morse Micro one of the few Wi-Fi chipmakers in an easy-to-imagine future where more reliable, long-range device connectivity surges in demand
Advantage Partners acquired Vietnamese women’s apparel retailer Elise Fashion with a view to integrating manufacturing, design, and distribution into a leaner operation with a more international profile
Worg, a China-based drug developer, has closed a Series B round of CNY400m (USD57m) from five local investors - Jiachen Capital, Longpan Capital, Kaitai Capital, Puhua Capital and Anji Ruixing Capital.