Expansion
TPG-backed Pathology Asia invests Australia's Safe Work
TPG Capital Asia’s Pathology Asia platform has continued a regional roll-up strategy with an investment of undisclosed size in a minority stake in Australian drug testing specialist Safe Work Laboratories.
Flipkart co-founder invests $91m in India's Ola
Sachin Bansal, a co-founder of Indian e-commerce giant Flipkart, has invested INR6.5 billion ($91 million) in ride-hailing platform Ola.
Hong Kong's Lalamove secures $300m Series D
Hong Kong-based delivery start-up Lalamove - known as Huolala in mainland China - has raised $300 million across two tranches in a Series D round led by Hillhouse Capital and Sequoia Capital China.
Deal focus: EQT bets on bank cards
China leads the world in mobile payments, but bank and credit card transactions still surpassed $5 trillion last year. EQT wants to help VBill expand its presence in the space, at home and overseas
Coatue leads investment in logistics platform YunQuNa
China-based YunQuNa, which provides digital logistics services for shipping companies, has raised the second tranche of a Series B round led by Coatue Management.
TPG-SoftBank fund backs Chinese restaurant services platform
Shiheng Technology, a Chinese company that helps restaurants manage their online food delivery businesses, has completed the second tranche of a Series B round led by a TPG Capital and SoftBank Ventures Korea fund.
Singapore AI start-up raises $20m
ViSenze, a Singaporean artificial intelligence (AI) provider focused on e-commerce has received a $20 million Series C round led by China’s Gobi Ventures and the VC arm of Portuguese retail and technology group Sonae.
Chinese online K12 education provider raises $350m
Zhangmen, a Chinese online tutoring platform aimed at elementary through high school students, has raised $350 million in the first tranche of a Series E funding round.
CCV leads Series B for Chinese AI player Shukun
Shukun, a Chinese company that provides artificial intelligence (AI) technology used in the treatment of cardiovascular diseases, has raised RMB200 million ($29 million) in a Series B round led by China Creation Ventures.
GIC leads $125m round for China cancer diagnostics business
GIC Private has led a RMB850 million ($125.5 million) Series C round for Burning Rock, a Chinese cancer diagnostics start-up that is already working with hospitals on products based on DNA sequencing analysis.
Didi invests $100m in India's Oyo to close Series E round
Chinese ride-hailing app operator Didi Chuxing has invested $100 million in India-based online hospitality platform Oyo to close its $1 billion Series E round announced last year.
New Zealand's Direct Capital invests retirement village operator
New Zealand’s Direct Capital has acquired a minority stake in local retirement village operator Qestral Corporation for an undisclosed sum.
Temasek invests $38m in India eye hospital chain
Singapore’s Temasek Holdings has invested INR 2.7 billion ($38.1 million) in India's Dr. Agarwal’s Healthcare to support the expansion of its publicly listed eyecare chain Dr. Agarwal’s Eye Hospital.
EQT buys stake in Chinese payment services provider VBill
EQT has agreed to acquire a minority stake in VBill, a third-party payment services provider in China that focuses on small and medium-sized enterprises (SME) for RMB378 million ($55.8 million).
Chinese self-driving truck player TuSimple raises $95m Series D
TuSimple, a China and US-based developer of autonomous driving technology for trucks, has closed its Series D round at $95 million, achieving a pre-money valuation of $1 billion.
Warburg Pincus backs $200m investment in Indonesia's NWP
Warburg Pincus has backed a $200 million funding round for Indonesian shopping mall developer NWP Retail.
Sequoia leads $226m Series D for Singapore's Zilingo
Sequoia Capital India has led a $226 million Series D round for Singapore-based Zilingo, a fashion e-commerce platform and provider of ancillary services.
Vision Knight backs Chinese personal care products maker
Vision Knight Capital has led a RMB200 million ($29 million) Series C round for Soocas, a Shenzhen-based manufacturer of personal care products such as electric toothbrushes and hairdryers.
C-Bridge helps Korea's Samsung Bioepis with China expansion
C-Bridge Capital has announced a licensing agreement with Samsung Bioepis that is intended to help the Korean biopharmaceutical specialist expand into the China market.
Huagai leads $146m round for China's HaiHe Biopharma
Shanghai-based cancer drug developer HaiHe Biopharma has raised $146.6 million in a funding round led by Chinese private equity firm Huagai Capital.
TPG Growth invests $30m in Indian pharma player
TPG Growth, the mid-market investment platform of TPG Capital, has invested $30 million in Indian pharmaceutical ingredient maker Solara Active Pharma.
Indonesia's Go-Jek completes first phase of Series F
Google, JD.com and Tencent Holdings are among the returning investors in the first phase of the Series F round for Indonesia-based ride-hailing and delivery platform Go-Jek, which amounts to around $1 billion.
Thailand's Central Group invests $200m in Grab
Thai retail conglomerate Central Group has agreed to invest $200 million in ride-hailing and online-to-offline (O2O) services platform Grab, adding to the list of strategic players that have backed the Southeast Asia company in the past year.
Matrix China leads $60m round for Nasn Automotive
Shanghai-based Nasn Automotive, a manufacturer of vehicle wiring and brake systems, has raised RMB400 million ($60 million) in a Series B round of funding led by Matrix Partners China.