Expansion
Creador, InvAscent invest $68m in India medical supplier
Malaysia-based Creador and Indian healthcare specialist InvAscent have invested a combined USD 68m in Indian medical equipment supplier Accumax Lab Devices.
Navis backs Australasia software aggregation platform
Navis Capital Partners has invested in Software Combined, an Australia and New Zealand-based aggregator of software providers that cater to specific niches or B2B verticals.
L Catterton leads Series D for India beauty player Sugar Cosmetics
L Catterton has entered India’s highly competitive beauty and personal care space, throwing its support behind Sugar Cosmetics, which claims to be one of the country’s leading omnichannel players.
Deal focus: WeRide confirms its ascendency
Chinese autonomous driving pioneer WeRide has climbed from near bankruptcy to a USD 4.4bn valuation within three years. A collaboration with Bosch could form a blueprint for other alliances
Japan VC: Late-stage crossroads
Japan’s late-stage technology start-ups are finally beginning to attract meaningful attention from global investors. They should not pop open the champagne
Deal focus: Venturi brings families into D2C
Consumer-focused private equity firm Venturi Partners drew on significant family office co-investment to co-lead a USD 108m Series D for India direct-to-consumer food specialist Country Delight
Bosch invests in China's WeRide
China-based autonomous driving technology developer WeRide has received a strategic investment from German engineering multinational Bosch.
India D2C food brand Country Delight gets $108m Series D
India’s Country Delight, a direct-to-consumer (D2C) food brand best known for farm-fresh milk, has raised USD 108m in Series D funding led by Singapore’s Venturi Partners and Temasek Holdings.
GIC leads $80m round for Indonesia's Bibit
GIC has led an USD 80m funding round for Bibit, operator of one of Indonesia’s largest robo-advisory investment apps. Prosus Ventures and other existing investors also took part.
Philippines fintech player Coins raises $30m
Coins, a Philippines-based financial technology provider focused on blockchain-enabled payment services, has received a USD 30m investment led by Ribbit Captial.
Coatue, Insight lead Series D for Indonesia's Xendit
Coatue Management and Insight Partners have led a USD 300m Series D round for Indonesian payments infrastructure platform Xendit.
China industrial internet platform Xuelangyun raises $44m
Xuelangyun, a China-based industrial data service provider, has raised a Series B of CNY 300m (USD 44m) led by China Structural Reform Fund. Poly Capital and an intellectual property fund under Wuxi Guolian Development also participated.
Apis backs Singapore B2B micropayments player DT One
Apis Partners has invested an undisclosed sum in DT One, a Singapore-headquartered B2B digital micropayments platform with a global customer base.
China outbound: Organic options
Tough domestic competition is encouraging Chinese tech start-ups to expand overseas – often organically, earlier in their lifecycles than before, and despite regulatory concerns
India's Multiples invests $88m in BDR Pharma
Multiples Private Equity has led a consortium in the acquisition of a 9.3% stake in India’s BDR Pharmaceuticals for INR 6.8bn (USD 88.5m).
Mithril, BlackRock invest $110m in Singapore's GreyOrange
Mithril Capital, a VC firm launched by PayPal co-founder Peter Thiel, and BlackRock have provided USD 110m in growth funding to Singapore and US-based robotics player GreyOrange.
Deal focus: Mekong unconfined to consumer thesis
Having long eschewed industrial business models, consumer-focused Mekong Capital has made an exception in the name of environmental impact with Vietnam agricultural supplier Entobel
India's NIIF joins $128m round for Ather Energy
India’s National Investment & Infrastructure Fund (NIIFL) has participated in a USD 128m funding round for Ather Energy, a leading domestic manufacturer of two-wheel electric vehicles (EV).
Macquarie buys into Provident, Saratoga-owned digital infra platform
A consortium led by Macquarie Asset Management (MAM) has paid USD 610m for a minority stake in a Southeast Asia-focused digital infrastructure platform controlled by Provident Capital and Saratoga Capital.
DST, WiL lead Series C for Japan's Upsider
DST Global and World Innovation Lab (WiL) have led a JPY 15bn (USD 115m) Series C round for Upsider, a Japan-based corporate credit card issuer. It is said to be the first time DST has taken the lead role in a Japan deal.
TPG, Temasek invest $136m in India's Dr Agarwal's
TPG Growth and Temasek Holdings have invested a combined INR 10.5bn (USD 136m) in Indian eyecare chain Dr. Agarwal’s Eye Hospital, setting up an exit for ADV Partners.
Thailand payments company Opn raises $120m
Thailand-based payments technology provider Opn, also known as Synqa and Omise, has raised USD 120m from a group including MUFG Bank.
China's Sensors Data raises $200m
Chinese marketing technology provider Sensors Data has raised a USD 200m Series D round led by Tiger Global Management and The Carlyle Group.
Deal focus: Sensors Data finds meaning in compromise
Requests for customised rather than standardised products challenged Sensors Data’s notion of what software-as-a-service should be. The company overcame its anxiety and continues the growth journey.