Expansion
IFC proposes $200m investment in Vietnamese bank
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering an investment of up to $200 million in listed financial institution Vietnam International Commercial Joint Stock Bank (VIB).
L Catterton Asia backs Korean eyewear brand
L Catterton Asia has led a consortium including Groupe Arnault - the family office of LVMH founder Bernard Arnault, which is one of the firm's LPs - to purchase a stake in Gentle Monster, a South Korean sunglasses and eyewear brand.
SoftBank Vision Fund leads $250m round for India's Oyo
SoftBank Vision Fund, the global technology investment vehicle managed by Japan’s SoftBank Group, has led a $250 million Series D round for Indian online hospitality platform Oyo.
Sequoia China leads $240m round for WuXi NextCode
WuXi NextCode, a genome sequencing analysis business with ties to China-based contract research organization WuXi PharmaTech, has completed a $240 million extended Series B round of funding led by Sequoia China and featuring Temasek Holdings, Yunfeng...
VCs commit $11m to India's Lendingkart
A group of VC investors including Sistema Asia Fund has committed INR700 million ($10.9 million) to Indian fintech platform Lendingkart Technologies.
China clothing rental site Yi23 raises $50m
China-based Yi23, a female clothing rental platform, has raised a $50 million Series C round of funding jointly led by Alibaba Innovation Ventures, SBCVC and Sequoia Capital.
Creador invests $45m in Indonesia hospital chain
Creador has committed IDR600 billion ($45 million) to Indonesia-based hospital chain Medikaloka Hermina.
Deal focus: GoGoVan, 58 Suyun seek Asia logistics dominance
Online logistics platforms GoGoVan and 58 Suyun have combined their complementary business models to fuel their Asia expansion plans
IFC commits $10m to India's Power2SME
The International Finance Corporation (IFC), the investment arm of the World Bank, has invested $10 million in Indian business-to-business e-commerce start-up Power2SME.
IDFC invests $12m in Indian eye hospital chain
IDFC Alternatives has invested INR750 million ($11.7 million) in ASG Eye Hospital, an Indian chain of eye care facilities backed by Sequoia Capital.
TPG invests Indian shoe company
TPG Growth - the middle market investment platform of TPG Capital - has joined QRG Enterprises, the family office of India’s Havellis Group in backing local shoe supplier Campus Activewear.
India's Treebo Hotels raises $34m
Treebo, a VC-backed Indian budget hotel chain, has raised $34 million in a Series C funding round led by Hong Kong-based investors Ward Ferry Management and Karst Peak Capital.
Goldman, Hillhouse invest $90m in China’s Arrail Dental
Goldman Sachs and Hillhouse Capital have jointly invested $90 million in a Series D round of funding for Arrail Dental, a Chinese dental services provider.
Toyota invests in Southeast Asia's Grab
Toyota Tsusho, a division of Japanese automotive giant Toyota Group, has joined the latest funding round for Southeast Asian ride-hailing app operator Grab.
India's VC-backed Freshworks acquires domestic marketing player
Freshworks, an India and US-based cloud business software developer with several VC backers, has acquired Indian marketing software start-up Zarget.
Yunfeng, Alibaba invest $152m in Chinese cloud storage firm
Qiniu Information Technology, a Shanghai-based cloud storage and computer technology developer, has completed a RMB1 billion ($152 million) funding round led by Alibaba Group and Yunfeng Capital, a GP co-founded by Alibaba chairman Jack Ma.
Sequoia, Sofina lead $30m round for India’s MedGenome
Sequoia Capital India and Belgian investor Sofina have led a $30 million Series C round for MedGenome, an India and US-based company focused on molecular biology research and diagnostics.
SDIC leads $65m round for China's CF PharmTech
SDIC Fund Management, a GP under China’s State Development & Investment Corporation, has led a $65 million Series D round of funding for CF PharmTech, a Chinese manufacturer of inhalers and nasal sprays.
Hong Kong’s GoGoVan merges with 58 Daojia freight unit
Hong Kong-based GoGoVan, a VC-backed logistics start-up, and 58 Suyun, a freight unit of Chinese online-to-offline local services platform 58 Daojia, have agreed on an all-share merger that will create Asia’s largest online platform in the intra-city...
Singapore's VC-backed Grab commits $100m to Myanmar
Grab, a Southeast Asia-focused ride-hailing app operator backed by a number of PE and VC firms, has committed to investing $100 million into a Myanmar expansion strategy across the next three years.
Sequoia invests $8m in India's Bira 91
Sequoia Capital has invested $8 million in Indian brewer B9 Beverages, the maker of craft beer brand Bira 91.
SoftBank Group, Vision Fund invest $4.4b in WeWork
US-based co-working space operator WeWork has received commitments totaling $4.4 billion from Japan’s SoftBank Group and its SoftBank Vision Fund.
VCs invest $16m in India's Ezetap
JS Capital Management has led a $16 million funding round for Indian mobile payment solutions provider Ezetap.
China’s VIPKid raises $200m Series D
VIPKid, a China-based English-language learning platform backed by VC investors, has completed a $200 million Series D round of funding, in what the company claims is the largest investment in the K-12 education space globally.