Expansion
Silver Lake backs India edtech player Byju's
Silver Lake has extended a string of large investments for India-based education technology platform Byju’s at a valuation of around $11 billion.
Vision Fund leads $100m Series C for Singapore-founded Biofourmis
SoftBank Vision Fund has led a $100 million Series C round for Biofourmis, a Singapore founded and now US-based operator of a health analytics platform.
Singapore's Livspace raises $90m Series D
Singapore-based home interiors renovation platform Livspace has raised a $90 million Series D round featuring TPG Growth and Goldman Sachs.
SoftBank leads $150m round for India's Unacademy
SoftBank has led a $150 million round for Indian education technology provider Unacademy, confirming the start-up’s unicorn status with a valuation around $1.4 billion.
OTPP puts $350m into Edelweiss' India private debt business
India’s Edelweiss Group has brought a strategic investor into another of its business lines, with Ontario Teachers’ Pension Plan (OTPP) committing $350 million to the firm’s credit unit.
Deal focus: Creador scores as India pharma heats up
Creador's $34 million investment in packaging supplier Shriji Polymers represents an indirect bet on India's growing pharmaceutical industry. Product development and capacity expansion are priorities
TPG, KKR invest $220m in Singapore’s PropertyGuru
Singapore-based real estate portal PropertyGuru has confirmed S$300 million ($220 million) in new commitments from existing backers TPG Capital and KKR.
Indian edtech player Eruditus gets $113m Series D
Eruditus, an Indian education technology provider focused on working professionals, has raised a $113 million Series D round featuring Sequoia Capital India.
Creador invests $34m in India's Shriji Polymers
Creador has invested INR2.5 billion ($34 million) in Shriji Polymers India, a manufacturer of plastic pharmaceuticals packaging, taking a significant minority stake and providing an exit for Tata Capital.
Korea's Viva Republica raises $173m
Viva Republica, the operator of Korean money transfer app Toss, has raised $173 million from a group of investors featuring Sequoia Capital China and Kleiner Perkins.
China data centers: Real estate plus
Valuations are rising in China’s data center industry as speculative real estate-style investors flood the market. Experienced players are willing to spend more time building scale
RA Capital leads round for China's Connect Biopharma
Connect Biopharma, a drug developer based in China and the US, has raised $115 million in Series C funding led by RA Capital Management.
India's FarEye gets additional $13m for Series D
Indian logistics platform FarEye has received additional funding of $13 million from The Fundamentum Partnership and a fund managed by South Korea’s KB Investment.
Q&A: ChrysCapital Partners' Sanjay Kukreja
Sanjay Kukreja, managing partner at India-focused ChrysCapital Partners, discusses timing, healthcare, technology, and why it makes sense to back entrepreneurs you’ve backed before
Deal focus: China's Xpeng moves into top gear
Investor appetite for Xpeng grew over the course of 2020 as China's electric vehicle industry showed signs of recovery after a difficult 2019. A $500 million Series C extension was soon followed by an IPO filing
B Capital to support Yalochat's Asia expansion
B Capital has led a $15 million Series B round for Yalochat, a US-headquartered messaging-focused customer relations management platform, with plans to help it introduce its solutions to emerging markets in Asia.
China insurance tech platform Waterdrop receives $230m
Shuidi, a China-based insurance technology platform also known as Waterdrop, has raised $230 million in Series D funding jointly led by Tencent Holdings and Swiss Re Group. Existing investors IDG Capital and Wisdom Choice Global Fund re-upped.
US-China tensions worry tech investors - M&A Forum
Asia technology investors warned that an escalation in US-China tensions that impedes the development of start-ups will ultimately cost end-consumers as well as public market investors.
India middle-market: Looking for positives
Private equity activity is gradually resuming as India’s economy emerges from lockdown, but investors are wary of paying too much for assets or putting their money behind unsustainable trends
India pharma: The pills are popping
India’s pharmaceuticals industry is thriving on the macro ills of the day. Private equity is well placed to benefit, but the opportunity set is no secret
Hillhouse founder emphasizes tech transformation opportunities
The most attractive investment opportunities in a post-COVID-19 world involve helping traditional businesses that have been “victims of the creative destruction of technology” play catch-up, according to Lei Zhang, founder and CEO of Hillhouse Capital.
Xiaomi-backed Soocas raises $25m pre-IPO round
Soocas, a Shenzhen-based electric toothbrush maker backed by smart phone maker Xiaomi has raised a RMB175 million ($25 million) pre-IPO round led by Grand Flight Investment Management.
China children's English education platform raises $120m
Chinese children's English education platform Palfish, also known as Banyu, has raised a $120 million Series C round led by Tao Zhang, founder of Dianping.com, and FutureX Capital.
Direct Capital, ACC back New Zealand logistics player
New Zealand PE firm Direct Capital and the government’s Accident Compensation Corporation (ACC) have taken a combined 50% stake in local logistics operator Mondiale for an undisclosed sum.