Expansion
China smart projector brand JMGO raises $158m
IDG Capital and Chinese smartphone brand Oppo have invested CNY 1bn (USD 158m) in JMGO, a local manufacturer of smart projection equipment developer JMGO that also goes by the name Holatek.
Japan mobile banking player Kyash gets $41m Series C
Altos Ventures, Goodwater Capital, Greyhound Capital, and StepStone Group are part of an investor group that has committed JPY 4.9bn (USD 41m) in Series D funding to Tokyo-based mobile banking start-up Kyash.
Index, Coatue lead $110m round for Australia's Linktree
Index Ventures and Coatue Management have led a USD 110m round for Linktree, an Australian social media platform that drives audience engagement, at a valuation of USD 1.3bn.
India media tech supplier Amagi secures $95m
Amagi, an India-based broadcasting industry technology provider that claims an audience of more than 2bn people, has raised a USD 95m round led by Accel Partners at a valuation of at least USD 1bn.
Lyfe, Qiming lead Series B for China ADC player Medilink
Suzhou Medilink Therapeutics, a Chinese biotech company specializing in antibody-drug conjugates (ADCs) commonly used as targeted therapies for treating cancer, has raised a USD 70m Series B led by Lyfe Capital and Qiming Venture Partners.
India’s Licious raises $150m at $1.6bn valuation
India’s Licious, a direct-to-consumer fresh meat and seafood delivery company, has raised a USD 150m round led by Amansa Capital at a valuation of USD 1.6bn.
Flexibility first: Investing in the future of work
Investment in work-tech has soared as start-ups devise solutions for workforces that are increasingly distributed in terms of location, structure, and practice. Data, and knowing what to do with it, is key
India's Byju's raises $800m at $22b valuation
Indian education platform Byju’s has raised USD 800m at an estimated valuation of USD 22bn, with the company’s founder Byju Raveendran providing USD 400m.
Source Code leads Series B for China's Fair Robotics
Fair Robotics, a China-based collaborative robot developer, has raised a USD 50m Series B round led by Source Code Capital.
China smart text processing start-up raises $92m
Data Grand, a China-based specialist in text recognition and processing robotics, has raised CNY 580m （USD 92m）in Series C round featuring China Merchants Securities, CITIC Securities, GF Securities, and China Securities.
India fintech player Money View gets $75m Series D
Money View, an India-based financial technology start-up involved in lending, card issuance, and buy now, pay later products (BNPL), has raised US 75m in Series D funding at a valuation of USD 625m.
China's Pony.ai hits $8.5b valuation with Series D
Chinese autonomous driving technology supplier Pony.ai has closed the first tranche of a Series D round at a valuation of USD 8.5bn. This represents a 65% increase from the Series C.
AVCJ Awards 2021: Deal of the Year – Mid Cap: Danggeun Market
A social, hyperlocal overlay has made Korea’s Danggeun Market a subversively complex e-commerce play. As the company scales and experiments, it reflects new confidence in its home market
Deal focus: Freemium works for Dianxiaomi
China cross-border e-commerce services platform Dianxiaomi has achieved traction, and profitability, by only charging for value-added services. Its Series C will fuel global expansion
India's CredAvenue sees 3x valuation jump in six months
Indian small business credit platform CredAvenue has raised a USD 137m round featuring B Capital Group at a valuation of USD 1.3b, up 3x in the past six months.
Creador makes second SE Asia food investment in five months
Malaysia-based Creador has acquired a significant minority stake in local food industry supplier Custom Food Ingredients for an undisclosed sum as part of a category platform play.
China 3D cell culture business secures Series B
CytoNiche, a Beijing-based provider of 3D micro-structure engineering technology used for stem cell research, has raised nearly CNY 300m (USD 47m) in a Series B led by Gaorong Capital and CICC Capital.
China e-commerce SaaS player secures $100m Series C
China-based e-commerce software-as-a-service (SaaS) provider Dianxiaomi has secured a USD 100m Series C round led by Tiger Global Management and Huaxing Growth Capital.
Deal focus: Quadria goes shopping in Vietnam
Singapore’s healthcare-focused Quadria Capital has made its most overtly consumer retail-oriented investment with Vietnam’s Con Cung. But the endgame is considered squarely on-strategy
Sequoia, Legend back China autonomous driving player Inceptio
Sequoia Capital China and Legend Capital have led a USD 188m Series B extension for Inceptio, a Chinese autonomous driving technology developer that specialises in line-haul trucking.
India banking start-up Niyo raises $100m Series C
Accel Partners and Lightrock India have led a USD 100m Series C round for India’s Niyo, which offers digital savings accounts and other banking services in partnership with traditional banks.
Korea's Biorchestra gets $45m Series C
Biorchestra, a Korea-based drug developer specialising in RNA therapeutics for neurodegenerative diseases, has closed a Series C funding round of KRW 54bn (USD 45m).
India's MediBuddy gets $125m Series C
Quadria Capital and Lightrock India have led a USD 125m Series C round for Indian healthcare platform MediBuddy.
Mubadala leads $500m round for Princeton Digital
Abu Dhabi’s Mubadala Investment has contributed USD 350m to a USD 500m equity round for Singapore-based data centre developer Princeton Digital Group (PDG).