Expansion
EQT backs Southeast Asia healthcare benefits administrator
EQT has made an investment of undisclosed size in MHC Asia, a Southeast Asia-based healthcare benefits administrator that helps corporate clients customize health and wellness offerings.
India's BigBasket raises $150m funding round
Indian online grocer BigBasket has raised $149.9 million from a group of investors including Mirae Asset Management, UK development finance institution CDC Group, and Alibaba Group.
Softbank leads $89m round for Chinese online drug retailer
China-based Dingdang Kuaiyao, an online-to-offline (O2O) medicine retailer, has raised RMB600 million ($89 million) in a new round of funding led by existing investor Softbank China Venture Capital.
Coatue leads $25m Series C for China’s Kyligence
Coatue Management has led a $25 million Series C round for Chinese big data analytics and cloud services company Kyligence.
Tata, GIC join $1.1b investment in India's GMR Airports
Tata Group, GIC Private, and special situations investor SSG Capital have formed a consortium to invest INR80 billion ($1.1 billion) in India’s GMR Airports (GAL). It will facilitate a number of private equity exits.
Chinese big data player MiningLamp raises $298m
MiningLamp Software, a big data solutions provider in China, has raised RMB2 billion ($298 million) in a Series D round of funding led by Tencent Holdings.
Deal focus: InstaRem bids for the big time
Vertex Ventures leads a $41 million investment in Singapore's InstaRem to grow its global digital payments infrastructure
Affirma, IIFL invest $132m in India's Northern Arc
IIFL Asset Management (IIFL AMC) and Affirma Capital, a spin-out of Standard Chartered Private Equity (SCPE), have invested INR9.1 billion ($131.9 million) in Indian non-banking finance company (NBFC) Northern Arc Capital.
Australia's Airwallex achieves unicorn status
Australian financial technology company Airwallex has received a $100 million Series C round led by DST Global at a valuation of more than $1 billion.
Chinese HR SaaS platform secures $80m Series C
Lightspeed Venture Partners and Sunshine Life Insurance have led a $80 million Series C round of funding for IfChange, a Chinese software-as-a-service (SaaS) platform that specializes in human resources management.
General Atlantic, Tencent invest $31m in India’s Byju’s
Indian educational technology provider Byju’s has raised a INR2.14 billion ($31 million) round of funding from existing investors General Atlantic and Tencent Holdings.
FOMO is the biggest risk for China investors - AVCJ Forum
The best way for private equity and venture capital investors to manage their China risk is to not deploy capital if they are only motivated by a fear of missing out (FOMO), GPs told the AVCJ China Forum.
Chinese camera maker Insta360 gets $30m
Insta360, a China-based camera maker specializing in immersive imaging and virtual reality applications, has raised a $30 million funding round from a group of investors including Everest Venture Capital.
China PE investors prioritize long-term development - AVCJ Forum
Long-term structural reforms rather than short-term issues regarding trade tensions and liquidity preoccupy China-focused private equity investors, though they are happy to take advantage of any immediate moderation in valuations.
Deal focus: Mofang pursues quality and scale
Mofang raises $150 million to bring consistency to China’s fragmented rental housing market. Leveraging big data and targeting millennials are key strategies
Hyundai, Kia invest $300m in India's PE-backed Ola
Korean car makers Hyundai Motor and Kia Motors have agreed to invest $300 million in Ola, an Indian ride-hailing platform backed by a number of PE and strategic investors.
Malaysia's Ekuinas buys 40% stake in local cloud player
Malaysian government-backed private equity firm Ekuinas has acquired a 40% stake in domestic cloud services provider Exabytes Capital Group for MYR44 million ($10.8 million).
VCs, strategics support $41m round for Singapore's InstaRem
Singapore-based digital payments service provider InstaRem has closed its Series C round with $41 million from a group of investors including Vertex Growth Fund and South Korea’s Atinum Investment.
Warburg Pincus invests $100m in China B2B platform Yijiupi
Yijiupi, a China-based online B2B trading platform that established itself in liquor before expanding into other consumer goods categories, has raised 100 million in an extended Series D round from Warburg Pincus.
Asian PE firms still struggle with tech investments - Bain & Co
Private equity firms are deploying increasing amounts of capital into Chinese internet plays without having a clear understanding of what the target businesses are worth or how to add value to them, according to Bain & Company.
Investors commit $65m to Indian digital insurance player
Acko General Insurance, an Indian online insurance broker with several VC and strategic backers, has raised $65 million from a group of new and existing investors.
China B2B trading platforms: Business friendly
Online B2B trading platforms have the potential to bring efficiency and pricing transparency to the more fragmented segments of China’s industrial economy. It’s all about picking the right vertical at the right time
China enterprise SaaS provider raises $45m from Sequoia
Jushuitan, a China-based software-as-a-service (SaaS) provider of operating management systems to small to medium-sized e-commerce operators, has received RMB300 million ($45 million) from Sequoia Capital China.
China's Lufax hits $39.4b valuation with Series C round
Lufax, a Chinese online lending and wealth management platform established by Ping An Insurance, has achieved a post-money valuation of $39.4 billion with the completion of the Series C funding round. It comes after the company was said to have postponed...