Expansion
Indonesia e-commerce player Evermos gets $39m Series C
The International Finance Corporation (IFC) has led a USD 39m Series C round for Evermos, an Indonesian social commerce platform that positions itself as an impact play.
Goldman backs Japan taxi-hailing player Go
Goldman Sachs Asset Management (GSAM) has committed JPY 10bn (USD 75m) in Series D funding to Go Inc, operator of a Japan-based taxi-hailing app.
Digital bank Tyme wins funding for SE Asia, Africa expansion
Tyme Group, an emerging markets-focused digital banking group with operations in the Philippines and South Africa, has raised USD 77.8m in pre-Series C funding. A portion of the proceeds will be used for expansion into other markets in Southeast Asia.
Australian satellite provider Fleet gets $33m Series C
Australian satellite maker and services provider Fleet has closed a AUD 50m (USD 33m) Series C round led by Blackbird Ventures following an aggressive foray into mining.
UK, India-based Builder.ai raises $250m Series D
Qatar Investment Authority (QIA) has led a USD 250m Series D round for UK and India-based Builder.ai, a low-code business software platform that compares is modularity to Lego blocks.
Energy transition: An emerging speciality
Kerogen Capital is trying to plot a more nuanced course into energy transition than building renewables. It is one of a growing number of nascent specialists in the space.
Avataar leads $45m round for India's Chalo
Avataar Venture Partners, an India-based investor in growth-stage B2B technology and software-as-a-service (SaaS) companies, has led a USD 45m funding round for bus tracking app Chalo.
China EV chassis maker U Power gets Series B funding
U Power, a China-based manufacturer of electric vehicles (EVs) and smart EV chassis, has raised several hundreds of millions of renminbi in Series B funding led by Hefei Industry Investment.
General Atlantic raises exposure to India's PhonePe
General Atlantic has invested USD 100m in India’s PhonePe only four months after providing the payments platform with a USD 350m round at a pre-money valuation of USD 12bn.
KKR invests $120m in Vietnam school operator
KKR has invested USD 120m in Vietnam school operator EQuest Education via its global impact fund. The deal comprises a combination of debt and equity.
China energy storage player JD Energy raises $100m
Xi’an-based energy storage company JD Energy has raised a CNY 700m (USD 100m) Series B round led by Goldstone Investment, a private investment subsidiary of CITIC Securities.
China's Drug Farm secures $27m in first tranche of Series C
Drug Farm, a China and US-based developer of treatments for infection and immunological diseases, has raised USD27m in the first tranche of Series C funding led by Shanghai's YD Capital.
Singapore's Bolttech raises $196m
Singapore’s Bolttech, the insurance technology business of Pacific Century Group, has raised a USD 196m round led by Japanese insurer Tokio Marine at a valuation of USD 1.6bn.
China investors see long-term positives in demise of Oppo's chip unit
Investors in China's semiconductor industry expect the closure of local mobile manufacturer Oppo's chip design unit to clear the way for start-ups operating in the space, despite a likely near-term hit to valuations.
Apax invests $450m in India’s IBS Software, Blackstone exits
Apax Partners has agreed to pay USD 450m for a significant minority stake in India’s IBS Software, a travel and logistics industry supplier, enabling an exit for The Blackstone Group.
China's Coherent Biopharma raises $100m
Chinese cancer-focused biotech developer Coherent Biopharma has raised about USD 100m in Series B funding featuring HM Capital.
China's Pudu Tech raises another tranche of Series C funding
Pudu Tech, a China-based manufacturer of service robots, has raised a fourth tranche of Series C funding amounting to several hundred million renminbi (CNY 100m equates to USD 14m) from local investor Yuedu Capital.
Shunwei commits $29m to China expense management platform
Maycur, a China-based software-as-a-service (SaaS) provider specialising in corporate expense management, has raised CNY 200m（USD 29m in Series C funding from Shunwei Capital.
China autonomous driving player Mogo raises $84m
Mogo Auto, a Chinese autonomous driving solutions provider, has raised CNY 580m (USD 84m) in a Series C extension featuring Tencent Holdings.
Sweef's Asia women-focused fund makes debut investment
Singapore’s Sweef Capital, a women-focused impact investor, has made its first investment, providing an undisclosed sum to Vietnamese children’s technical academy Teky Alpha.
Matrix leads $73m Series C for China’s Semi-Tech
Matrix Partners China has led a CNY 500m (USD 72m) Series C for Semi-Tech, a China-based software provider to the semiconductor industry, at a post-money valuation of CNY6bn.
Anchor, Aspex re-up in Korea’s Kurly
Kurly, a Korean grocery delivery platform that abandoned its planned domestic IPO earlier this year, has raised KRW 120bn (USD 91m) from existing investors Anchor Equity Partners and Aspex Management.
Singapore fintech player AIG raises $80m
Advance Intelligence Group (AIG), a Singapore-headquartered and Indonesia-focused financial technology company, has raised USD 80m in funding led by existing investors Warburg Pincus and Northstar Group.
China: Who’s investing?
Private equity investment in China remains in the doldrums yet local investors claim to see green shoots. Where, when, and how they engage with the market is likely to differ from previous cycles
