Investments
China car trading platform Chehaoduo raises $200m
Chehaoduo, a Chinese online auto services provider that runs used car trading platform Guazi and new car trading platform Maodou, has raised $200 million in an extended Series D round from SoftBank Vision Fund and Sequoia Capital China.
KKR reassured by heavy Asia PE exposure as pandemic eases
KKR sees its significant exposure to Asia – which accounts for more than 30% of the firm’s overall private equity portfolio – as a source of strength as the region appears to be emerging from the coronavirus pandemic faster than the US and Europe.
Australia SME lender Judo raises $147m
Judo Bank, a PE-backed start-up that provides loans to Australian small and medium-sized enterprises (SME), has raised A$230 million ($147 million) from existing investors.
Q&A: Viola Ventures' Ronen Nir
Ronen Nir is a general partner at Viola Ventures, an early-stage technology investor under Israel’s Viola Group looking to expand its presence in Asia
China chip maker ASR hits $1.6b valuation at Series D
ASR Microelectronics, a Shanghai-based manufacturer of chips for use in consumer electronics, has closed an extended Series D round of $119 million. The company is now valued at more than $1.6 billion.
Singapore's RWDC Industries secures $133m Series B
RWDC Industries, a Singapore-based start-up that is developing fully biodegradable alternatives to single-use plastics, has raised $133 million in Series B funding.
Indonesia's GudangAda gets $25m Series A
Indonesian B2B e-commerce platform GudangAda has raised $25.4 million in a Series A round led by Sequoia Capital India and Alpha JWC Ventures.
Singapore's Ninja Van raises $279m Series D
GeoPost, a logistics division of French postal services giant La Poste, has led a $279 million Series D round for Singapore last-mile delivery start-up Ninja Van.
Deal focus: Circulate makes early moves in a must-win battle
Specialist venture capital firm Circulate Capital is targeting overlooked start-ups with a view to stemming a global environmental crisis that puts Asia at center stage
Asia private debt: Inflection point?
With other pools of capital running dry for many companies, private debt has become a more appealing proposition. Institutional funds have a chance to impose themselves on a bank-driven market
Warburg Pincus invests $26.7m in IDFC First Bank
Warburg Pincus has invested INR2 billion( $26.7 million) in IDFC First Bank as part of an INR20 billion capital raise by the Indian lender.
Navegar backs Series B for Australia's Cloudstaff
Manila-based GP Navegar has joined a $20 million Series B round for Cloudstaff, an Australian staff outsourcing services player with core operations in the Philippines.
Chinese toy figurine retailer Pop Mart raises $100m
Chinese black-box doll retailer Pop Mart has raised more than $100 million in funding from China Renaissance and Loyal Valley Capital in what is expected to be its last round before an IPO.
CLSA acquires Japan IT services provider
CLSA Capital Partners (CLSA CP) has acquired a majority stake in Japanese IT services provider Earth Technology for an undisclosed sum.
Silver Lake to invest $750m in Reliance's India app platform
Silver Lake Partners has agreed to invest INR56.5 billion ($750 million) for a stake in Jio Platforms, the holding company behind a number of apps and the parent of India's largest telecom operator.
Beenext leads $13m Series B for Indian logistics platform
Indian logistics platform LoadShare Networks has raised INR1 billion ($13.2 million) in a Series B round led by Beenext.
Chinese autonomous trucking start-up Inceptio raises $100m
Inceptio, a Chinese autonomous driving technology provider focusing on line-haul trucking has raised $100 million. The investors were not disclosed. Previous backers include logistics giant GLP, autonomous car maker Nio, and fleet manager G7.
Starbucks to work with Sequoia on China investments
Sequoia Capital China has teamed up with Starbucks to make strategic investments in next-generation food and retail technology companies in the country.
Warburg Pincus, General Atlantic back privatization of China's 58.com
Warburg Pincus and General Atlantic have thrown their support behind Ocean Link’s proposed $7 billion privatization of 58.com, China’s leading online classifieds marketplace.
Australia's mid-market: The middlemen
Pure proprietary deals are a rarity in Australia’s mid-market. Most opportunities pass through a fragmented network of advisors, which means private equity firms must get noticed to stay relevant
Hong Kong's PE-backed Oriente raises $50m
Oriente, a Hong Kong-headquartered financial technology start-up, has raised $50 million in a round led by Peter Lee, the co-chairman of local property developer Henderson Land.
Singapore's Circulate Capital makes debut investments
Circulate Capital, a Singapore investor dedicated to ocean pollution management, has made its first investments in two plastic recycling start-ups in India and Indonesia.
Indonesian insurtech player Qoala raises $13.5m Series A
Qoala, an insurance technology start-up in Indonesia, has raised $13.5 million in a Series A round led by Centauri Fund, a vehicle jointly run by KB Investment and MDI Ventures.
Chinese environmental protection business raises $16m
Addor Capital has led a RMB110 million ($15.5 million) Series A round for Shandong-based Pengda Environmental Protection Technology.