Expansion
China industrial internet platform Xuelangyun raises $44m
Xuelangyun, a China-based industrial data service provider, has raised a Series B of CNY 300m (USD 44m) led by China Structural Reform Fund. Poly Capital and an intellectual property fund under Wuxi Guolian Development also participated.
Apis backs Singapore B2B micropayments player DT One
Apis Partners has invested an undisclosed sum in DT One, a Singapore-headquartered B2B digital micropayments platform with a global customer base.
China outbound: Organic options
Tough domestic competition is encouraging Chinese tech start-ups to expand overseas – often organically, earlier in their lifecycles than before, and despite regulatory concerns
India's Multiples invests $88m in BDR Pharma
Multiples Private Equity has led a consortium in the acquisition of a 9.3% stake in India’s BDR Pharmaceuticals for INR 6.8bn (USD 88.5m).
Mithril, BlackRock invest $110m in Singapore’s GreyOrange
Mithril Capital, a VC firm launched by PayPal co-founder Peter Thiel, and BlackRock have provided USD 110m in growth funding to Singapore and US-based robotics player GreyOrange.
Deal focus: Mekong unconfined to consumer thesis
Having long eschewed industrial business models, consumer-focused Mekong Capital has made an exception in the name of environmental impact with Vietnam agricultural supplier Entobel
India’s NIIF joins $128m round for Ather Energy
India’s National Investment & Infrastructure Fund (NIIFL) has participated in a USD 128m funding round for Ather Energy, a leading domestic manufacturer of two-wheel electric vehicles (EV).
Macquarie buys into Provident, Saratoga-owned digital infra platform
A consortium led by Macquarie Asset Management (MAM) has paid USD 610m for a minority stake in a Southeast Asia-focused digital infrastructure platform controlled by Provident Capital and Saratoga Capital.
DST, WiL lead Series C for Japan's Upsider
DST Global and World Innovation Lab (WiL) have led a JPY 15bn (USD 115m) Series C round for Upsider, a Japan-based corporate credit card issuer. It is said to be the first time DST has taken the lead role in a Japan deal.
TPG, Temasek invest $136m in India's Dr Agarwal’s
TPG Growth and Temasek Holdings have invested a combined INR 10.5bn (USD 136m) in Indian eyecare chain Dr. Agarwal’s Eye Hospital, setting up an exit for ADV Partners.
Thailand payments company Opn raises $120m
Thailand-based payments technology provider Opn, also known as Synqa and Omise, has raised USD 120m from a group including MUFG Bank.
China's Sensors Data raises $200m
Chinese marketing technology provider Sensors Data has raised a USD 200m Series D round led by Tiger Global Management and The Carlyle Group.
Deal focus: Sensors Data finds meaning in compromise
Requests for customised rather than standardised products challenged Sensors Data’s notion of what software-as-a-service should be. The company overcame its anxiety and continues the growth journey.
Mekong invests $25m in Vietnam insect feed company
Vietnam private equity firm Mekong Capital has invested USD 25m Entobel, a company that makes insect-based ingredients for the animal feed, pet food, and fertiliser industries.
LeapFrog leads $61m investment in India's Redcliffe Lifetech
LeapFrog Investments has led a USD 61m round for India’s Redcliffe Lifetech, a diagnostics platform focused on non-communicable diseases, including heart disease, cancer, and diabetes.
Korean home interiors start-up gets $182m Series D
OHouse, a consumer-facing platform in South Korea used for sourcing materials and services relating to home furnishing and interior decorating, has raised USD 182m in Series D funding.
Square Peg backs US, Malaysia-based LottieFiles
Square Peg Capital has led a USD 37m Series B round for US and Malaysia-based motion graphics platform LottieFiles.
India dental start-up Toothsi raises $40m Series C
India’s Toothsi, a direct-to-consumer start-up that makes own-branded transparent dental aligners and braces, has raised a USD 40m Series C round featuring Eight Roads Ventures.
Tiger backs India’s Open Financial at $1b valuation
Indian digital banking start-up Open Financial Technologies has received funding from Tiger Global Management, Temasek Holdings, 3one 4 Capital, and IIFL at a valuation of USD 1bn.
Deal focus: Laiye leverages European connections
M&A helped Chinese artificial intelligence start-up Laiye develop its product and gain a foothold in Europe. With more than USD 160m in Series C funding, the company is aggressively targeting global expansion
India's Turtlemint closes $120m Series D
Amansa Capital, Jungle Ventures, and Nexus Venture Partners have led a USD 120m Series E round for Indian online insurance broker Turtlemint, taking its valuation close to the USD 1bn mark.
China's VisionNav Robotics raises $80m
5Y Capital and Meituan, China’s leading online-to-offline services provider, have led a USD 80m Series C extension for VisionNav Robotics, a local manufacturer of driverless industrial vehicles.
Vulcan leads $65m Series B for Singapore's Bandlab
Vulcan Capital, an investment vehicle established by Microsoft co-founder Paul Allen, has led a USD 65m Series B round for Singapore-based social music platform BandLab.
Deal focus: Goldman embraces Japan robotics
Rapyuta Robotics offers solutions flexible enough to plug into existing warehouse infrastructure and nurtures ambitions to create a cloud-based operating system. This was enough to win over Goldman Sachs
