Expansion
Tiger Global, Google join $40m round for India's Progcap
Tiger Global Management, Google, and Creation Investments have led a USD 40m investment in India’s Progcap, a financing services provider for small businesses.
Portfolio: Welkin Capital and Shawya
Shawya is a fast-rising Chinese direct-to-consumer brand that takes a technology-driven approach to skincare. Welkin Capital is helping it address growing pains around talent and omnichannel capabilities
Carlyle makes growth investment in India's Varmora Granito
The Carlyle Group has acquired a significant minority stake in Varmora Granito, an India-based manufacturer of tiles, bathware, and sanitaryware products, for an undisclosed sum.
Deal focus: Confidence unwavering in SE Asia e-commerce
Singapore online shopping platform ShopBack hopes to extend a fledgling theme of Southeast Asian IPOs in the US amid threats to discretionary spending in its core markets
Southeast Asia logistics player Deliveree raises $80m
Gobi Partners and SPIL Ventures – the corporate venture capital arm of shipping business Salam Pacific Indonesia Lines – have led a USD 70m Series C round for Southeast Asia-focused logistics marketplace Deliveree.
Asia Partners leads $80m round for Singapore's ShopBack
Singapore’s Asia Partners has led a USD 80m growth round for local e-commerce and retail rewards platform ShopBack.
AstraZeneca-CICC fund backs China gene sequencer
Axbio, a China-based provider of gene sequencing and diagnostic systems, has raised nearly USD 100m in Series B funding led by AstraZeneca-CICC Healthcare Industrial Fund and Yunfeng Capital.
NewQuest, Prosus lead $90m Series E for India’s Cashify
NewQuest Capital Partners and Prosus Ventures have led a USD 90m Series E round for India’s Cashify, a marketplace for used smart phones and gadgets.
India-focused neobank Stashfin raises $270m
Stashfin, a Singapore-based neobank that primarily operates in India, has raised USD 70m in equity funding – and secured a further USD 200m in debt – as part of a Series C round.
China fashion software platform Linctex raises $100m
Linctex Digital, a Shanghai-based design services platform for the fashion industry, has raised an extended pre-Series B round of nearly USD 100m from GL Ventures and CDH Investments.
India's LeadSquared raises $153m Series C
Indian customer relationship management software-as-a-service (SaaS) provider LeadSquared has raised a USD 153m Series C round led by WestBridge Capital at a post-money valuation of USD 1bn.
India's ShareChat closes $520m round, hits $5b valuation
Indian social media platform ShareChat has raised USD 255m from Google, Times Group, and Temasek Holdings, capping a USD 520m Series G round at a valuation of USD 5bn.
India payments player Innoviti expands Series D to $22m
India-based financial technology start-up Innoviti Payment Solutions has doubled the size of its ongoing Series D round to more than INR 1.6bn (USD 22.5m). The overall target is USD 3bn.
China life sciences research business gets $300m Series C
MegaRobo Technologies, a China-based provider of artificial intelligence (AI) and robotics-enabled research services to the life sciences industry, has raised USD 300m in Series C funding.
Capital Today leads $100m round for China's Hai Robotics
Hai Robotics, a China-based warehouse robot company, has raised an extended Series D round of USD100m led by Capital Today China Group.
Deal focus: VCs back steppingstones to immortality
Japan’s Alt is quicky commercialising a suite of learning voice recognition products as part of a plan to capture individuals’ personalities and values in a process it calls digital cloning
India payments player Kissht closes $80m Series E
Indian payments start-up Kissht has raised a USD 80m Series E round led by Temasek Holdings-owned Vertex Ventures and Brunei Investment Agency.
India beauty e-commerce player Purplle achieves unicorn status
India-focused beauty e-commerce platform Purplle has raised USD 33m in funding at a valuation of USD 1.1bn – nearly twice what it was worth about seven months ago.
Japan personal 'clone' AI start-up gets $26m
Japan’s Alt, an artificial intelligence (AI) developer that personalises deep learning systems to make what it calls digital clones of people, has raised a JPY 3.5b (USD 26m) round featuring Vertex Ventures.
China's Insilico Medicine gets $60m Series D
Insilico Medicine, a China-based artificial intelligence (AI)-driven drug discovery company, has raised a USD 60 million Series D round.
China autonomous driving player Minieye raises $120m
Chinese autonomous driving solutions provider Minieye has raised CNY 800m (USD 120m) in Series D funding across three tranches. The third tranche was led by Cathay Capital.
Australia's Go1 raises $100m at $2b valuation
Australia-based workforce training platform Go1 has raised a USD 100m growth round featuring AirTree Ventures and SoftBank Vision Fund 2 at a valuation of USD 2bn.
Temasek launches decarbonisation investment platform
Singapore’s Temasek Holdings has committed an initial SGD 5bn to a newly launched platform designed to make investments that accelerate decarbonisation globally.
Indonesia social commerce player Super raises $70m
NEA has led a USD 70m Series C round for Super, an Indonesia-based social commerce platform that targets the country’s lower-tier cities and rural areas.