Early-stage
Australia's Shippit secures $46m Series B
Tiger Global Management, Tidal Ventures, and SecondQuarter Ventures have led an AUD 65m (USD 46m) Series B extension for Australia-based logistics software provider Shippit.
India grocery delivery start-up Zepto gets $200m
Zepto, an Indian grocery app that claims it can deliver food in 10 minutes, has raised a USD 200m round led by Y Combinator at a valuation of USD 900m.
Singapore's Neuron Mobility gets $43.5m
Singapore-based e-scooter rental start-up Neuron Mobility has raised USD 43.5m in Series B funding co-led by GSR Ventures and Square Peg Capital.
Singapore mRNA vaccine developer raises $140m
RVAC Medicines, a Singapore-based company involved in developing messenger RNA (mRNA) vaccines for COVID-19, has closed a Series B round that takes its overall funding to USD 140m.
China digital CRO Elixir raises $52m
Elixir, a China-based clinical research organisation (CRO), has raised a USD 52m Series A round from Lyfe Capital, Chow Tai Fook Investment, and Sinovation Ventures.
Dream Capital leads $120m Series A for India cricket NFT platform
Dream Capital, the corporate venture capital arm of India fantasy sports platform operator Dream Sports, has led a USD 120m Series A for Rario, a specialist in cricket-themed non-fungible tokens (NFTs).
China stem cell drug developer Baylx raises $47m
Baylx, a Beijing-based drug developer that utilises stem cell technology, has raised CNY 300m （USD 47m）across two rounds - a Series B and a Series B extension.
Deal focus: Wholesum brings agglomeration to Korea
Drawing inspiration from US-based Thrasio and from his own background in special situations investing, Andrew Joo wants to turn Wholesum into a Korean multi-brand powerhouse
Japan's MPower backs pet devices maker
Japan’s MPower Partners, which was set up last year to make environmental, social, and governance (ESG) investments, has joined a USD 10.5m Series B round for local pet devices maker Rabo.
Deal focus: India e-sports early-mover makes waves
Loco is positioned to take a leadership role in India’s up-for-grabs game streaming industry following a sizeable Series A round and promising early traction in community building
China's JD Property closes $800m Series B
Warburg Pincus and Hillhouse Investment have re-upped in JD Property, the infrastructure property asset management arm of Chinese e-commerce giant JD.com, as part of a USD 800m Series B round.
India cricket metaverse start-up raises $100m
Insight Partners has led USD 100m Series A round for FanCraze, an Indian digital assets start-up that earlier this year launched a range of cricket-themed non-fungible tokens (NFTs).
India's Ofbusiness secures $200m round for lending unit
OfBusiness, an India-based B2B platform focused on industrial supply chain and procurement services, has raised USD 200m in Series A funding for its lending unit.
Deal focus: Zeller makes its presence felt
Less than a year after launching its digital payments-led product suite, Australia-based Zeller has accumulated 11,000 merchant customers, raised over USD 100m, and achieved a USD 750m valuation
Deal focus: Bazaar, Zayn encapsulate Pakistan's breakout moment
Bazaar, a B2B logistics and financial services start-up, is putting Pakistan on the map for brand-name global VC investors for the first time. One of its key local backers, Zayn Capital, is doing the same
Deal focus: Medilink chases global ADC opportunity
The Medilink Therapeutics team spun out from Kelun-Biotech to develop antibody drug conjugates capable of competing with the world’s best. Its USD 70m Series B will support the pursuit of this goal
Genesis leads Series A extension for China's Nutshell Therapeutics
Nutshell Therapeutics, a China-based specialist in protein-focused drugs, has raised USD 40m in an extended Series A led by Genesis Capital.
India gaming, e-sports player Loco raises $43m
Indian game streaming and e-sports start-up Loco has raised INR 3.3bn (USD 43.3m) in Series A funding led by Korean blockchain specialist Hashed Ventures.
Pakistan's Bazaar gets $70m Series B
Pakistani B2B e-commerce and financial technology platform Bazaar has raised a USD 70m Series B round led by Dragoneer Investment Group and Tiger Global Management.
Deal focus: Mighty Jaxx revels in 'phygital' bridge role
In collectables maker Mighty Jaxx, East Ventures saw not only an effective traditional retail brand, but a company capable of elevating the user experience by straddling the digital and physical worlds
Deal focus: Financial crime pays for Silent Eight
Singapore’s Silent Eight is tackling the toughest cybersecurity subsegment and securing global clients in its early stages. Wavemaker Partners predicts a near-term explosion in growth
Deal focus: Chatbots position for cross-border expansion
Cathay Innovation, an affiliate of Cathay Capital, sees voice recognition services as a key area of B2B growth. Singapore’s AI Rudder is hoped to prove this idea on a global scale
Flexibility first: Investing in the future of work
Investment in work-tech has soared as start-ups devise solutions for workforces that are increasingly distributed in terms of location, structure, and practice. Data, and knowing what to do with it, is key
China 3D content platform Xverse raises $120m
Xverse, a Shenzhen-based 3D user-generated content platform has raised USD 120m across a Series A and a Series A extension, led by GL Ventures and Sequoia Capital China, respectively.