CVC Capital Partners has made an investment of undisclosed size in Xi’an Yikang Pharmacy, China’s eighth-largest pharmacy chain.
Malaysia-headquartered used car trading platform Carsome has achieved a valuation of $1.3 billion with the close of an extended Series D funding round worth $170 million.
Hong Kong-based medical devices maker OrbusNeich Medical Group has raised about $200 million across two rounds featuring Shenzhen Capital Group and its Red Earth Healthcare Investment Fund.
China-based reimbursement platform Ekuaibao has ambitions to lead the digital transformation of corporate finance. Early investor Future Capital continues to re-up as the story unfolds
Doctor Anywhere’s omnichannel approach to digitizing Southeast Asian healthcare is luring investors with eyes on the pandemic’s most logical trend. Preserving a first-mover advantage is the challenge
Shanghai-based Metax Integrated Circuits has raised RMB1 billion ($155 million) in a Series A funding round led by China Structural Reform Fund and China Internet Investment Fund. Existing investors including Matrix Partners China, CTC Capital, Sequoia...
Affirma Capital has contributed INR3 billion ($40.8 million) to a INR3.5 billion funding round for India’s Belstar Microfinance, supported by existing investors Muthoot Finance and Maj Invest.
Svolt Energy Technology, formerly the battery manufacturing unit of Chinese automaker Great Wall Motor, has raised RMB10.28 billion ($1.5 billion) in a Series B funding round led by Bank of China Investment.
Tsing Song Capital, a Chinese healthcare-focused private equity firm, has led a $100 million round for Ionova Life Science, a local biotech player specializing in cancer treatments.
Tribe Capital and Moore Strategic Ventures have led a $100 million Series C round for Khatabook – an India-based bookkeeping app aimed at small merchants – at a valuation of $600 million.
Ekuaibao, a Chinese software-as-a-service (SaaS) provider specializing in corporate reimbursements, has raised RMB1 billion ($155 million) in Series D funding led by SoftBank Vision Fund 2.
ChrysCapital and True North Managers have participated in a $150 million investment for a minority stake in Quest Global, an Indian engineering services outsourcing company.
Kuaikan, China’s largest publishing platform for comics, has raised $240 million from CCB International, Korean mobile app marketplace One Store, Tencent Holdings, Coatue Management, and Tiantu Capital.
Several Chinese investors have re-upped in a $400 million round – at a valuation of $2 billion – for Nigeria-based logistics and payments technology company Opay.
Deepexi, a Chinese start-up that provides digital transformation solutions to enterprise customers, has raised $100 million in a Series B funding round led by Guotai Junan Securities and an investment arm of China Industrial International Trust Asset...
Newlink Group, operator of a platform that helps drivers in China locate the best value gas stations and charging piles, has raised RMB2 billion ($308 million) led by China Merchants Capital.
Indian private equity firm Faering Capital has led a $40 million Series C round for stock trading and thematic portfolio platform Smallcase, with support from Amazon and Premji Invest.
DST Global has led a $162 million Series D round for Danggeun Market, operator of Korean flea market app Karrot, at a valuation of $2.7 billion.
Mekong Capital has invested $10.2 million in Rever, a leading online-to-offline real estate brokerage business in Vietnam.
PatPat, a Chinese-founded children’s wear brand, has raised $160 million from Softbank Vision Fund in a Series D round extension.
Affirma Capital has secured a third deal for its latest Korea fund, with an agreement to invest $100 million in Metanet T Platform, a local cloud managed service provider (MSP).
Expansion is the dominant theme in financial technology as start-ups leverage existing assets to enter new verticals, typically in lending. Which ones will become Asia’s preeminent platforms?
Indian motorcycle taxi platform Rapido has raised $52 million in Series C funding featuring the corporate VC arm of Shell.
Shukun, a Chinese developer of artificial intelligence (AI) technology used in medical imaging diagnosis, has raised RMB700 million ($108 million) from Goldman Sachs, Primavera Capital Group, Sequoia Capital China, Marathon Venture Partners, and Sage...