Expansion
IFC set for $60m investment in SE Asian medical player
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a commitment of $60 million to IDS Medical Systems, a Hong Kong-based healthcare industry supplier for Southeast Asia.
Temasek, Hillhouse invest in China’s Mobike
Singapore’s Temasek Holdings has made a strategic investment in Mobike, a Chinese smart bike rental services start-up, while existing backer Hillhouse Capital has also re-upped.
Kalaari leads $15m round for India's Urban Ladder
Kalaari Capital has led a INR1 billion ($15 million) funding round for Indian online furniture retailer Urban Ladder.
Hong Kong's Kerogen makes Israel energy investment
Kerogen Capital, a Hong Kong-headquartered GP specializing in international energy investments, has committed an initial $50 million to a planned $1.3 billion development in gas fields off the coast of Israel.
VCs commit $60m to US VR firm for Asia push
Several Asian VC investors have joined a $60 million Series D round for US-based virtual reality (VR) and digital cinematography technology developer Lytro to support its expansion into Asia.
Impact investors and Asian banks: Developing interest
Despite the rise of non-banking finance companies, traditional banks in emerging markets still appeal to impact investors. Using them to their potential means adapting to each market
HG Capital invests $23m in Chinese CRO firm
Chinese private equity firm HG Capital has led a RMB160 million ($23 million) round of funding for Beijing Nuokangda Pharmaceutical Technology, a contract research organization (CRO).
IFC proposes $15m investment in India's Clean Max
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a commitment of up to $15 million to Indian solar power company Clean Max Enviro Energy Solutions.
India's PE-backed ReNew raises $200m from Japan strategic
Indian PE-backed renewable energy producer ReNew Power Ventures has raised $200 million from Japanese energy producer JERA.
China’s CMC Capital invests in Formula E
A consortium led by Chinese media-focused private equity firm CMC Capital Partners has acquired a stake in Formula E Holdings, the official promoter of the electric cars racing series FIA Formula E Championship.
Deal focus: Trax offers brands a valuable close-up
Trax Image Recognition closes in on a $250 million valuation as Investec Bank backs the Singapore's start-up's solution for giving brands a clearer picture on what shelf positioning means for sales
China logistics data firm G7 raises $45m from CDB, GLP
G7, a Chinese manufacturer of smart devices for use in the logistics sector, has raised $45 million from China Development Bank Capital (CDB Capital) and Singapore-listed warehouse operator Global Logistic Properties (GLP).
Goldman Sachs, TPG back Asia data center player
Goldman Sachs and TPG Capital have led a A$400 million ($306 million) round of funding for AirTrunk, a Singapore-based data center provider that is currently developing facilities in Australia and has plans to expand region-wide.
Singapore proposes simpler regulatory framework for VCs
Singapore should make it easier for venture capital firms to establish themselves locally and take steps to attract more private equity investors to the country as part of efforts to fill the funding gap, a government-appointed panel has recommended.
Warburg Pincus leads $100m Series D for China’s Yunniao
Warburg Pincus has led a $100 million Series D round for Yunniao Distribution, a platform for sourcing intercity courier services in China, followed by existing investors Matrix Partners and GSR Ventures.
China VC-backed parenting site gets Series D from Suning
Lamabang, a Chinese parent-focused social platform backed by several VC investors, has raised a Series D round of funding from local home appliance retailer Suning Commerce.
Deal focus: Grab thinks local in Indonesia
Grab will invest $700 million in Indonesia over four years with a view to developing more localized solutions that support the development of its core ride-hailing business as well as promote financial inclusion
Temasek leads $55m round for India's CarTrade
Singapore state-backed investment group Temasek Holdings has led a INR3.7 billion ($55.2 million) funding round for Indian online auto sales portal CarTrade.
Chinese VC-backed car valuation platform raises $29m
Che300.com, a Chinese VC-backed platform that values used cars, has raised RMB200 million ($29 million) in a Series C round of funding led by state-owned automotive company SAIC Motor.
Flipkart: A unicorn unbowed
Despite a series of markdowns over the last 12 months and increased competitive pressure, Indian investors say e-commerce giant Flipkart is still a force to be reckoned with
Deal focus: Equis cracks Australian solar market
Finding a reliable local counterparty for a power purchasing agreement gave Equis the confidence to commit $302 million to solar projects in Australia
PAG, Meridian invest $225m in Food Union Group
PAG Asia Capital and Meridian Capital have invested a combined $225 million in Europe-based dairy and ice cream producer Food Union Group, with a view to expanding the business in China.
Deal focus: Affinity captures Korea credit card exposure
General Electric's sale of its stake in Hyundai Card was complicated by joint venture partner Hyundai Motor Group staying involved. Affinity Equity Partners leveraged its existing relationship with the conglomerate to seal the deal
Investec leads $19.5m round for Singapore image recognition player
Investec Bank has led a $19.5 million funding round for Trax Image Recognition, a Singapore-based company that uses visual technology to support manufacturers and retailers.