Expansion
Warburg Pincus, Malabar commit $60m to India wearables brand
Warburg Pincus and Malabar Investments have injected USD 60m into boAT, an India-based manufacturer of wearables and other electronic devices that was previously on track for an IPO.
65 Equity invests $107m in Singapore's Cityneon
Temasek Holdings-backed 65 Equity Partners has invested SGD 150m (USD 107m) in Singapore’s Cityneon, a company that markets entertainment brands by staging elaborate events, displays, and exhibitions.
China IT maintenance player raises $27m
Chinese IT system operations and maintenance solutions provider Bizseer Technology has raised a Series C round of about CNY 200m (USD 27m) led by Firstred Capital.
CDPQ invests $474m in Japan energy programme
Caisse de depot et placement du Quebec (CDPQ) has committed JPY 70bn (USD 474m) to a Japanese energy transition programme led by local renewables developer Shizen Energy.
Deal focus: Elevation makes Korea healthcare debut
Adverse fundraising conditions didn’t deter deal-by-deal player Elevation Private Equity from investing in Korea healthcare turnaround, and by extension, aligning with a key domestic partner
Sofina leads $46m round for India agtech player DeHaat
Sofina, a Belgium-headquartered holding company and an active investor in Asia-based start-ups, has led a INR 3.66bn (USD 45.8m) Series E round for Indian agricultural technology platform DeHaat at a valuation of USD 695m.
PE investors commit $500m to India agribusiness giant UPL
India-headquartered UPL, which claims to be the world’s fifth-largest agrochemicals company, has announced a restructuring that will see KKR, TPG, Brookfield Asset Management, and Abu Dhabi Investment Authority (ADIA) invest INR 40.4bn (USD 500m) across...
Globis leads $22m Series C for Japan's Trend Express
Globis Capital Partners has led JPY 3.3bn (USD 22.1m) Series C round for Japan’s Trend Express, a cross-border marketing and data analysis platform focused on Japan-China tourism.
India's Ather Energy adds $50m to Series E
India’s Ather Energy, a two-wheel electric vehicle (EV) brand, has raised about USD 50m from existing investors, extending its Series E round to around USD 178m.
Korea pizza chain raises $25m for India push
Korea-headquartered pizza chain Gopizza has raised USD 25m in Series C funding from new and existing backers to drive an India expansion.
India’s Byju’s raises $250m, ramps up overseas
Indian education technology provider Byju’s has raised USD 250m from existing investors with plans to expand its international business. Funding raised this year alone now tops USD 1bn.
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Asia PE investment sees significant drop-off in third quarter
PE investment in Asia reached USD 36.8bn in the third quarter of 2022, its lowest level since activity seized up in the early stages of COVID-19, with notable declines in India and Southeast Asia.
Google backs India edtech player Adda247
Google has joined a INR 2.7bn (USD 35m) round for Adda247, an education technology start-up that claims to be India’s largest vernacular language exam preparation platform.
China's VectorBuilder raises $57m Series C
Guangzhou-based gene delivery company VectorBuilder has raised a CNY 410m (USD 57m) Series C round led by Legend Capital, Sui Kai Equity Investment, and Yuexiu Industrial Fund.
MO Alternates commits $28m to Indian footwear brand
Motilal Oswal Alternates (MO Alts), formerly Motilal Oswal Private Equity, has invested INR 2.2bn (USD 28m) in India’s Asian Footwears, which produces several shoe brands.
Deal focus: Food app targets Thailand’s first internet IPO
Thai restaurant delivery app Line Man Wongnai has leveraged the massive messaging service penetration of its parent company to position itself for what is hoped to be a breakthrough IPO
3Q analysis: Lean times
A flicker in India fails to disguise a miserable quarter for exits; a handful of fast fundraises snap Asia out of its slump; investment gravitates towards developed markets and manufacturing
Deal focus: Euler finds favour with India-oriented EVs
Euler Motors is one of several India-based electric vehicle manufacturers attracting significant private capital, but the company believes its customised offering for commercial users is truly differentiated
Q&A: WeRide's Tony Han
Tony Han, founder and CEO of China’s WeRide, on commercialising fully autonomous passenger vehicles, surviving a capital winter, and why universities are vital to the hard-tech revolution
Vision Fund leads Series D for China dental 3D printing player
SprintRay, a China-based 3D printing company that specialises in orthodontics, has raised a USD 100m Series D round led by Softbank Vision Fund 2.
Searchlight backs Singapore’s Synergy Marine Group
US-based Searchlight Capital Partners has taken a minority stake in Singapore’s Synergy Marine Group, a shipping fleet manager and maritime services provider, for an undisclosed sum.
Airwallex raises another $100m, valuation holds steady
Hong Kong-based Airwallex, a cross-border payments provider turned broader financial technology platform, has raised USD 100m in a second extension to its Series E round at a valuation of USD 5.5bn. It comes 11 months after the company secured the same...
Investors call on Japanese start-ups to pursue overseas capital - AVCJ Forum
Japanese start-ups must attract more institutional capital from overseas given the paucity of local investors, especially in the growth stages, the AVCJ Japan Forum heard.
