Expansion
Creador buys 40% stake in Malaysia's Pet World, COPE exits
Malaysia-based Creador has acquired a 40% stake in prominent local pet food maker and brand owner Pet World, setting up an exit for COPE Private Equity.
China EV battery solutions provider raises $229m
Sunwoda Electric Vehicle Battery (EVB), a subsidiary of lithium-ion battery maker Sunwoda Electronic, has raised a CNY 1.65bn (USD 229m) Series B round from domestic investors.
Deal focus: L Catterton sees value in the Drools recipe
Indian pet food producer Drools is the runaway leader among local brands, trailing only multinational mainstay Mars. The challenge for L Catterton was persuading a profitable company to take its money
China ride hailing platform Ruqi Mobility secures $117m
Ruqi Mobility, a ride-hailing platform incubated by Chinese state-backed automaker GAC Group, has raised CNY 842m (USD 117m) in a Series B funding round led by Guangzhou Automobile Industry Group.
Japan's Terra Motors raises $28m
Japanese electric vehicle (EV) start-up Terra Motors has raised JPY 40bn (USD 28m) in Series C funding featuring Silicon Valley-based Pegasus Tech Ventures.
Japan advertising AI start-up Flux raises $32m Series B
DNX Ventures has led a JPY 4.4bn (USD 32m) Series B round for Japan’s Flux, which helps businesses manage advertising strategies via a no-code artificial intelligence (AI) platform.
China UAV developer United Aircraft raises $167m
United Aircraft, a Chinese start-up specialising in unmanned aerial vehicles (UAVs), has raised CNY 1.2bn (USD 167m) in Series D funding from several local investors.
L Catterton extends pet food focus to India
L Catterton’s interest in Asia-based pet food businesses has extended from China to India with a commitment of approximately USD 60m to Drools Pet Food, which claims to be the country’s leading local pet food supplier.
Profile: Zayn Venture Capital's Faisal Aftab
Weaving geopolitical analysis into the grassroots trenches of seed-stage investment, Faisal Aftab led the deployment of Pakistan’s first VC fund having never previously invested in the country’s start-ups
China semiconductor player Eswin raises $420m
Beijing Eswin Technology Group, a semiconductor products and services supplier, has raised a CNY 3bn (USD 420m) Series D round led by Beijing Financial Street Operation Center.
India's HomeLane raises $9m bridge round
India’s HomeLane, an interior design start-up backed by several venture capital firms, has raised a INR 750m (USD 9.1m) bridge round from unspecified existing backers.
Uber leads $20m round for India’s Everest Fleet
Uber has led a USD 20m round for India’s Everest Fleet, an existing VC-backed partner in the local taxi management service space that is transitioning into electric vehicles.
ChrysCapital invests $100m in India's Lenskart
ChrysCapital Partners has invested USD 100m in India’s Lenskart, bringing the eyewear retailer’s pre-IPO funding since the start of last year to USD 850m.
China chassis component supplier raises $279m
Hopu Investments has participated in a CNY 2bn (USD 279m) Series A round for Jingxi Zhixing Zhangjiakou Automotive Electronics, a China-based supplier of components used in car chassis.
Deal focus: Serving coffee at scale in China
M Stand has added another twist to China’s coffee chain growth story, rooting its value proposition in offline experience and leveraging online capabilities to achieve speed and efficiency
ICG joins $250m round for Amp Energy India
Intermediate Capital Group (ICG) has joined a USD 250m investment in Amp Energy India, a renewable power platform serving various industrial and utility segments.
PAG invests $200m in India's RK Pharma
PAG has invested USD 200m in RK Pharma, a US-headquartered generic drug maker with significant operations in India.
India’s HealthifyMe raises $30m
LeapFrog Investments and Khosla Ventures have led a USD 30m pre-Series D round for India-based mobile health and fitness app HealthifyMe.
Nuvama leads $53m round for India's Course5
India’s Nuvama Asset Management, formerly Edelweiss Wealth Management, has led a USD 53m investment in local data analytics start-up Course5 Intelligence.
Deal focus: Atomberg basks in consumer breakthrough
Home appliances manufacturer Atomberg defied the naysayers in building a hardware-focused consumer brand out of India. Its USD 86m Series C will support product and capacity expansion
Deal focus: Prosperity7 supports gradual ascent to L4
Saudi Aramco-owned Prosperity7 Ventures has made two investments in Hyperview this year, based on appreciation for the company’s commercially oriented approach to autonomous driving
Deal focus: Evermos extends impact to social commerce
Indonesia’s Evermos has more than doubled its total funding as investors see promise in a social commerce model that prioritises cottage industries and underemployed women
Praxis invests $170m in Korea's Beyond Music
Korean private equity firm Praxis Capital has led a USD 170m investment in local music rights investment and management company Beyond Music.
EMIA backs Cambodia logistics provider
Singapore-based private equity investor Emerging Markets Investors Alliance (EMIA) has confirmed an investment of undisclosed size in Cambodia’s FWF Full Well and Nisshin Logistics.