Expansion
Portfolio: MSPEA and Korres
Morgan Stanley Private Equity Asia helped ethical Greek cosmetics maker Korres beef up an underweight international presence with a plan that will see China become the main growth engine
Australia's VC-backed Xpansiv raises $40m pre-IPO round
Australia and US-based Xpansiv CBL, a VC-backed marketplace for clean commodities such as carbon offsets and renewable fuels, has raised $40 million with plans to list in Sydney this year.
Hanwha leads $300m Series A for Grab's financial unit
Korea’s Hanwha Asset Management has led a $300 million Series A round for the financial services unit of Singapore-based ride-hailing and services platform Grab.
Warburg Pincus, Goodwater lead Series D for Vietnam's MoMo
MoMo, a Vietnam-based mobile wallet provider, has closed a Series D round of more than $100 million led by Goodwater Capital and Warburg Pincus.
Korea media platform gets $12m Series C
Korea’s SV Investment has led a $12 million Series C round for local media and advertising platform Dable at a valuation of around $90 million.
Bow Wave joins $175m round for Philippines-based GCash
Bow Wave Capital Management, a US-based private equity investor in mobile payment ecosystems globally, has participated in a $175 million round for Philippines-based mobile wallet GCash.
China HR software start-up raises $190m
WorkTrans, a Chinese human resources services provider, has raised $190 million through two tranches, a Series C of $50 million and a Series D of $140 million.
Chinese fitness app Keep raises $360m
Keep, a Chinese mobile app that provides fitness training programs, has raised $360 million in Series F funding led by SoftBank Vision Fund.
China smart storage player Hive Box raises $400m
Hive Box, a China-based self-service package drop-off and pick-up operator, has received $400 million in funding from Trustbridge Partners, Asia Forge, Sequoia Capital China, Redview Capital, and All-Stars Investment. The pre-money valuation is $3 billion....
Goldman leads $50m round for China's Perfect
Perfect Corp, a Chinese developer of online beauty apps, has raised a $50 million Series C round led by Goldman Sachs.
China's Horizon Robotics raises $400m
Horizon Robotics, a Chinese developer of microprocessors that support artificial intelligence (AI) technologies, has raised $400 million in the second tranche of a Series C round led by Baillie Gifford, Yunfeng Capital, CPE, and electric vehicle battery...
Hidden Hill leads $110m round for China's Baibu
Chinese B2B fabrics trading platform Baibu has raised $110 million in an extended Series D round led by Hidden Hill Capital, the private equity platform of logistics giant GLP.
India B2B marketplace Udaan raises $280m
Udaan, an India-based B2B marketplace, has raised $280 million from an investor group that includes existing backers Lightspeed Venture Partners, Tencent Holdings, DST Global, GGV Capital, and Altimeter Capital.
Goldman, Anchor commit $100m to China car park operator
Goldman Sachs and Anchor Equity Partners have led a $100 million Series B round for Sunsea Parking, a China-based car parking management company.
China AI chip player Enflame raises $279m Series C
Enflame Technology, a Chinese artificial intelligence (AI) chip designer, has raised a RMB1.8 billion ($279 million) Series C round led by CPE, China Capital Investment Group, and Primavera Capital.
Sequoia joins $81m Series C for India's Cred
Sequoia Capital India has joined an $81 million Series C round for India’s Cred, a credit card rewards start-up also known as Dreamplug Technologies.
China bubble tea chain Naixuecha raises Series C
Naixuecha, a China-based bubble tea chain that also goes by the name Nayuki, has raised a Series C funding round led by PAG.
GIC leads $203m investment in Vietnam hospital
A GIC-led consortium has agreed to invest VND4.7 trillion ($203 million) in Vinmec, a leading Vietnamese hospital developer and operator.
China's Zuoyebang gets $1.6b Series E extension
Zuoyebang, which claims to be China’s largest online education company, has secured $1.6 billion in an extended Series E funding round that features Alibaba Group as a new investor.
Trustbridge leads $500m round for China's Dxy.cn
Trustbridge Partners has led a $500 million round for Dingxiangyuan – also known as dxy.cn – a Chinese digital medical platform that primarily serves as a forum for healthcare industry professionals.
Google joins $145m round for India's Glance
Google has joined a $145 million round for Glance, an Indian smart phone services provider specializing in media content that launches on a locked home screen when a handset is illuminated.
Sequoia leads $515m Series E for Hong Kong's Lalamove
Lalamove, a Hong Kong-based delivery start-up known as Huolala in mainland China, has completed a $515 million Series E round led by Sequoia Capital China.
Rise Fund leads Series D for Chinese art tuition platform
The Rise Fund, TPG’s impact investment vehicle, has led a $210 million Series D round of funding for Meishubao, a China-based online art education platform.
Eastern Bell, Hidden Hill join $512m China air cargo deal
Eastern Bell Capital and Hidden Hill Capital, the private equity arm of warehousing and logistics player GLP, have participated in a RMB3.35 billion ($512 million) funding round for the freight business of China Southern Airlines.