Innovusion, a Chinese developer of LiDAR technology used in autonomous driving, has raised $66 million in an extended Series B round led by the private equity investment arm of Guotai Junan International.
MediTrust Health, China-based healthcare payments and insurance platform, has raised RMB2 billion ($309 million) in Series C funding led by Boyu Capital and Janchor Partners.
SoftBank Vision Fund is taking a “wait and see” approach to China, holding back on new investments in the country until the full ramifications of regulatory action in the technology sector are known.
B Capital Group has led a $90 million Series C round for Indian cryptocurrency exchange CoinDCX at a valuation of $1.1 billion, making it the country’s first crypto unicorn.
Beijing Yuanxin Technology, operator of China-based online healthcare services platform Miaoshou Doctor, has raised RMB1.5 billion ($231 million) in Series F funding featuring Sequoia Capital China.
Creador, NewQuest Capital Partners, and TR Capital have co-led an INR11.5 billion ($155 million) investment in Sapphire Foods India, a franchisee operator of US fast food giant Yum Brands.
Joinn Biologics, a China-based contract development and manufacturing organization (CDMO), has raised $150 million in Series B funding led by CPE.
SoftBank Vision Fund 2 has continued its recent streak of investing in unicorns out of India by leading a $100 million Series E round for sales enablement platform MindTickle at a valuation of $1.2 billion.
Indian payments player BharatPe has raised $370 million in Series E funding led by Tiger Global Management. The $2.85 valuation means the company joins the country’s fast-growing collection of tech unicorns.
Inceptio, a Chinese autonomous driving technology provider focusing on line-haul trucking, has raised a $270 million Series B round led by JD Logistics, Meituan, and PAG.
Tiger Global Management has led a $125 million Series D round for Indian construction marketplace Infra.market at a valuation of $2.5 billion. The same investor led a $100 million Series C in February at a valuation of $1 billion.
The Indian social networking platform has seen its valuation grow more than fourfold in the past year, helped in no small part by the rise of short video offering Moj as an alternative to TikTok
The Indian direct-to-consumer beauty brand claims to stand out from the competition thanks to broad product coverage and a content-driven customer acquisition engine. Its Series C investors appear to agree
SoftBank Vision Fund 2 has led $160 million Series E funding round for OfBsuiness, an India-based B2B platform focused on industrial supply chain and procurement services, at a valuation of $1.5 billion.
India-based education platform Unacademy has closed a $440 million funding round – at a valuation of $3.44 billion – led by Temasek Holdings.
Forty-Nine Union, a Chinese liquor brand, has raised a Series B round of RMB600 million ($93 million) from CMC Capital Group. There were no other participants in the round.
Culture Amp, an Australia-headquartered enterprise technology provider specializing in human resources (HR), has $100 million in Series F funding at a valuation of $1.5 billion.
SoftBank Ventures Asia has led a JPY6.2 billion ($56.4 million) Series C round for Japanese sneaker marketplace and e-commerce start-up Soda.
India-based automobile marketplace Droom has raised $200 million in the first tranche of a pre-IPO funding round that values the company at $1.2 billion.
Everstone Group has teamed up with data center operator Yondr Group to invest $1 billion in facilities across India, leveraging the country’s push for greater data localization.
Semidrive Technology, a specialist semiconductor manufacturer for the automotive industry, has raised RMB1 billion ($154 million) in Series B funding led by Pro Capital and V Fund.
Gupshup, an India-based messaging services provider, has received $240 million from Fidelity, Think Investments, Malabar Investments, Harbor Spring Capital, Neuberger Berman, and White Oak.
Indonesia-based grocery platform HappyFresh has closed a $65 million Series D round led by Korean internet giant Naver and Netherlands-based investor Gafina.
Temasek Holdings, Moore Strategic Ventures, and Mirae Asset Global Investments have led a $145 million Series F round for Indian social media platform ShareChat at a valuation of $3 billion.