Expansion
China-India tech investments: A running start
The past 12 months has seen a long-expected surge of investments into India’s technology sector by Chinese financial and strategic investors. They are providing a significant boost to the local market
India's NestAway gets $61m Series D
NestAway, a VC-backed Indian IT start-up focused on the local home rental market, has raised a INR4 billion ($61.4 million) Series D funding round with participation from Goldman Sachs.
HDFC joins Series C for India's MedGenome
Indian listed financial institution HDFC has joined the Series C round for MedGenome, an India and US-based company focused on molecular biology research and diagnostics.
China credit assessment player gets $160m Series D
Chinese financial technology company Wecash has closed a $160 million Series D round led by Orix Asia Capital and Hong Kong-based property investment and development firm SEA Group.
Indonesia's Go-Jek secures $1.5b Series E round
Indonesian ride-hailing and delivery platform Go-Jek has closed its Series E round at $1.5 billion with contributions from the likes of Tencent Holdings, JD.com, Meituan-Dianping, Google, Temasek Holdings, BlackRock, and Samsung Venture Investment.
Samena, Cenova in $83m round for Hong Kong's Virtus Medical
Virtus Medical Holdings, a Hong Kong-based private medical services provider, has raised an $83 million round of funding from Samena Capital and Cenova Capital.
Tencent leads $818m round for China's Chehaoduo
Chehaoduo, a Chinese online auto services provider that runs consumer-to-consumer (C2C) used car trading platform Guazi, has raised $818 million in a Series C round of funding led by Tencent Holdings.
Chinese GPs back AstraZeneca spin-out
A consortium led by Boyu Capital, 6 Dimensions Capital and Hillhouse Capital will invest up to $250 million in Viela Bio, a pharmaceutical research and development company being spun out from AstraZeneca.
VinaCapital invests $32.5m in Vietnam food player
VinaCapital has committed $32.5 million for a significant minority stake in Vietnamese egg and poultry producer Ba Huan.
Australia's Foundry invests in Welleco
The Foundry, a private equity firm launched by executives from vitamin producer Swisse Wellness, has acquired a 25% stake in Welleco, a dietary supplement maker co-founded by supermodel Elle Macpherson (pictured).
Baird buys stake in funeral services provider Nirvana Asia
Baird Capital has acquired a minority stake in Nirvana Asia, a funeral services business that was privatized by CVC Capital Partners in 2016 in conjunction with the company’s founder.
Warburg, Sequoia join $20m investment in India's Capillary
Capillary Technologies, an Indian cloud-based software provider that focuses on customer relationship management (CRM), has raised $20 million from existing investors including Warburg Pincus and Sequoia Capital.
Indonesia's Go-Jek scales up with Series E round
Indonesian ride-hailing and delivery platform Go-Jek is set to achieve a post-deal valuation of more than $5 billion through a funding round that was expected to reach $1.5 billion but has seen the addition of several strategic backers.
Mahindra participates in $40m round for India's Zoomcar
Mahindra & Mahindra will invest up to INR1.76 billion ($27 million) in Zoomcar as part of a $40 million round for the Indian car-rental start-up. The rest of the capital comes from existing backers.
Hillhouse, Sequoia join $2.5b round for JD.com's logistics unit
Chinese online retailer JD.com has raised approximately $2.5 billion for its logistics subsidiary from investors including Hillhouse Capital and Sequoia Capital China.
CITIC Capital-backed Harbin Pharma buys 40% stake in GNC
China’s Harbin Pharmaceutical Group, which is controlled by CITIC Capital, has agreed to acquire a 40% stake in GNC Holdings for $300 million, becoming the largest shareholder in the US-based nutritional supplements retailer.
Fullerton leads $87m round for India's Lendingkart
Fullerton Financial Holdings has led an $87 million Series C round for Indian financial technology platform Lendingkart.
China's Club Factory raises $100m Series C
Club Factory, a China-based e-commerce platform that sells fashion products overseas, has raised $100 million in a Series C round of funding from existing investors IDG Capital Bertelsmann Asia Investment (BAI).
Lakeshore invests in Thai wellness brand
Lakeshore Capital has invested an undisclosed amount in Thailand-based personal care brand Panpuri.
China's Farasis Energy secures $793m Series C
Farasis Energy, a rechargeable battery manufacturer with operations in China and the US, has raised RMB5 billion ($793 million) in Series C funding from the China State-owned Venture Capital Fund.
Naspers, Meituan-Dianping invest in India's Swiggy
Indian online food-ordering and delivery platform Swiggy has raised a $100 million Series F round led by South African internet giant Naspers Group, with participation by China-based online-to-offline (O2O) local services provider Meituan-Dianping.
Deal focus: CITIC identifies OBOR cleantech angle
Organica Water's plans to build botanical garden-style wastewater treatment plants in urban centers along the Silk Road make it well-suited to CITIC Capital's One Belt One Road (OBOR) agenda
Portfolio: Ekuinas and Al-Ikhsan
Ekuinas sees Al-Ikhsan as a model Malaysian entrepreneurial success story, and since its investment the firm has focused on preparing the company to become a leader in Southeast Asia’s budding sportswear market
CITIC PE leads $55m round for China's BroadLink
CITIC Private Equity has led a RMB343 million ($55 million) Series D round for China’s smart home technology solutions provider BroadLink. It is said to be the largest funding round for a domestic start-up in this market segment.