Investments
Local GPs commit $71m to China biotech player
EOC Pharma, a Chinese biotech developer focused on cancer treatments, has closed a RMB500 million ($71 million) Series C round raised from a group of local private equity investors.
China's Sailing exits as US GP backs Maldives resort chain
Chinese cross-border private equity firm Sailing Capital has exited its position in Soneva, a Thailand-based luxury hotel operator known for its Maldives resorts, following the sale of a significant minority stake to US-based KSL Capital Partners.
CVC set to exit Indonesia's Link Net
CVC Capital Partners is poised to complete its exit from Indonesia broadband and cable TV provider Link Net – in which it has been an investor since 2011 – through a trade sale to MNC Vision Network.
Singapore's FinAccel raises $90m Series C
Singapore-based financial technology provider FinAccel has raised a $90 million Series C round led by Australia’s Square Peg Capital and Korean investors Mirae Asset Capital and Naver.
Chinese data center operator raises $3.7b Series A
Tenglong Group, a data center operator based in Beijing, has raised a RMB26 billion ($3.7 billion) Series A round led by Morgan Stanley Private Equity Asia and state-owned China Nanshan Development Group.
Chinese biopharma start-up raises $43m Series B
Chinese cancer and autoimmune disease therapy developer Clover Biopharmaceuticals has raised a $43 million Series B round led by local VC Lapam Capital and US private equity firm Delos Capital.
India leveraged finance: Debt delivered
The greater availability of control deals in India is creating opportunities for leveraged lenders as they become more comfortable with the complexities of onshore-offshore capital movements
Chinese network service provider receives $35.6m led by Legend Capital
AgotoZ, a Chinese network-as-a-service (NaaS) provider, has raised RMB250 million ($35.6 million) in an extended Series B led by Legend Capital. Existing investors SIG China and Northern Light Venture Capital re-upped.
Singapore dental products start-up receives $13m Series A
Zenyum, a Singapore-based manufacturer of 3D-printed cosmetic dental products, has raised $13.6 million in Series A funding from RTP Global, Sequoia Capital India, TNB Aura, and Seeds Capital.
Tencent backs China education service provider
Tencent Holdings has joined an extended Series D round for Gaosi Education, a technology supplier for K12 after-school tutoring institutions in China that has now rebranded as Aixuexi.
Japan health tech player SmartScan gets $10m Series A
SmartScan, a Japanese medical technology supplier focused on software for diagnostics equipment, has raised a JPY1.3 billion ($10.3 million) Series A round from domestic VCs.
Australia's V2Food raises $35m Series A
Australian alternative protein producer V2Food has secured a $35 million Series A round led by Hong Kong’s Horizons Ventures and Australia’s Main Sequence Ventures.
India middle market: Polarization point
Increased deal flow towards the top end of India’s private equity market is stretching the capacity of mid-tier local managers. What are the implications for co-investment and fund size?
Hudson to privatize Hong Kong's Sky Solar
US cleantech-focused private equity firm Hudson Sustainable Investments is set to acquire a controlling position in Hong Kong-based and NASDAQ-listed power producer Sky Solar Holdings.
TPG joins round for India's Ess Kay Fincorp
TPG Capital, Norwest Venture Partners, and Evolvence India have jointly led a $33 million investment in Indian non-banking finance company Ess Kay Fincorp.
GGV leads $14m round for Chinese IoT player
Chinese internet-of-things (IoT) operating system provider RT-Thread has raised a RMB100 million ($14 million) Series B round led by GGV Capital. Existing investor Legend Capital re-upped.
China sensor manufacturer secures $7m
Camsense, a Shenzhen-based manufacturer of high-precision vision sensors, has raised RMB50 million ($7 million) in a round led by Chenhui Venture Partners and Feng Yang Capital.
India start-ups: Land of the giants
Indian investors are savoring a rapid proliferation in billion-dollar technology start-ups, but as the unicorn heap gets bigger, an almost unrecognizable economy will pose new challenges
India's Paytm raises $1b
Indian mobile payment and e-commerce platform Paytm has raised a $1 billion Series G round led by T Rowe Price.
Cento leads $52m round for SE Asia payments player
Cento Ventures has led a $52 million round for 2C2P, a Singapore and Bangkok-based payments platform that claims to serve some 620 million customers across Southeast Asia.
Taiwan's Appier gets $80m Series D
Appier, a Taiwan-headquartered start-up that develops artificial intelligence-enabled platforms intended to help corporates optimize advertising campaigns, has raised $80 million in Series D funding.
Singapore's Carousell merges with Asia assets of Telenor
Singapore-based online consumer-to-consumer marketplace Carousell has merged with the Southeast Asia subsidiary of Norwegian telecommunications giant Telenor Group.
Chinese hotel digital services provider secures $14m Serie A
Htrip, a China-based hotel digital services platform, has raised RMB100 million ($14 million) in an extended Series A funding round, led by Shenzhen Venture Capital.
Chinese cloud-based photo agency raises $14m
Fortune Capital and GF Xinde Investment have led an RMB100 million ($14 million) Series B round for VPhoto, a Chinese cloud-based photo service provider. Tzitzit Asset also participated.