Investments
BlueChilli launches health-tech accelerator in Singapore
Australia’s BlueChilli has launched a health-tech accelerator in Singapore in cooperation with the local government as part of a broader pivot toward the region.
India NBFC raises $14m Series E round
Dvara KGFS, a non-banking finance company (NBFC) backed by Indian financial inclusion investor Dvara Trust, has raised INR970 million ($14 million) in Series E funding led by Stakeboat Capital.
GSR, BAI lead round for Chinese industrial SaaS provider
GSR Ventures and Bertelsmann Asia Investments (BAI) have led an RMB150 million ($22 million) Series B round for Black Lake Technology, a China-based supplier of data collection, visualization and analysis to factories.
KKR supports privatization of Singapore-listed 800 Super
KKR is supporting a management-led delisting of 800 Super that values the Singaporean waste management services company at S$161 million ($118 million).
Pakistan ride hailing and courier app secures Series A
Bykea, a Pakistan-based online platform for on-demand transport and logistics, has raised a $5.7 million Series A round led by Sarmayacar, a European venture capital investor focused exclusively on Pakistan.
China’s Green Harbor acquires fashion label Jason Wu
China-based private equity firm Green Harbor Investment has acquired a controlling stake in American women’s wear brand Jason Wu for an undisclosed sum.
Deal focus: Gaosi Education stresses its B2B credentials
As China's mainstream online tuition players battle for the hearts, minds and wallets of end users, Gaosi Education found a niche targeting the B2B market. It recently raised $140 million to accelerate expansion
Goldman, Accel lead Series D for India’s BlackBuck
Indian online long-distance trucking marketplace BlackBuck has raised a $150 million Series D round led by Goldman Sachs and existing investor Accel Partners.
TPG-backed Asia Healthcare acquires India fertility clinic
Asia Healthcare Holdings (AHH), a healthcare-focused operating and investment platform managed by TPG Growth, has agreed to acquire Nova IVI Fertility, an operator of in vitro fertilization (IVF) clinics based in India.
GP profile: IMM Private Equity
As one of oldest GPs in South Korea, IMM Private Equity has helped to show both domestic and global investors that the PE community can bring major benefits to the country’s corporate sector
KKR, GIC invest in Indian power grid operator
KKR and GIC have agreed to invest a combined INR20.6 billion ($295 million) for minority stakes in India-listed infrastructure investment trust India Grid.
Singapore's Pegasus 7 acquires Axiata Digital Ventures portfolio
Pegasus 7 Ventures, an investment fund managed by Singapore’s Gordian Capital, has agreed to acquire the venture portfolio of Axiata Digital, the digital services arm of Malaysia’s Axiata Group, at a valuation of $140 million.
China-US biopharma player raises $47m Series C
Sirnaomics, a China and US-based biopharmaceutical company specializing in gene therapeutics, has raised $47 million in Series C funding across two tranches.
IMM buys Linde's Korea gases business for $1.2b
Global industrial gases business Linde has confirmed the sale of its Korea-based assets to IMM Private Equity for $1.2 billion.
Deal focus: Blackstone takes over EPL’s packaging empire
The Blackstone Group has agreed to buy an Indian packaging manufacturer that provides tubes for 40% of the world's toothpaste. The goal is to turn it into a true multinational
Chinese EV battery maker raises $120m in pre-IPO round
Phylion Battery, a China-based manufacturer or lithium-ion batteries used in electric vehicles (EV), has raised RMB810 million ($120 million) in a pre-IPO round led by Yingke Private Equity.
China AI: Deep questions
Concerns around valuations, commercialization timelines, deal targeting, and brand perceptions are coming into focus as China’s AI ecosystem catapults to global prominence
FMO leads $86m round for India's InCred
Indian online lending platform and non-banking finance company (NBFC) InCred Financial Services has raised a INR6 billion ($85.9 million) Series A round led by Dutch development finance institution FMO.
Chinese online drug store Yao123 raises $45m Series B
Healthcare-focused GTJA Investment Group has led a RMB300 million ($45 million) Series B round for Chinese online pharmacy operator Yao123.
Australian online tutoring start-up gets $14m Series A
Cluey Learning, an Australian start-up that provides personalized online tuition services for elementary through high school students, has raised A$20 million ($14 million) in Series A funding from Allectus Capital and Thorney Investment Group.
Blackstone buys Korean drug distributor
The Blackstone Group has acquired Geo-Young, a South Korean wholesale drug distributor, working in conjunction with the founders. It facilitates an exit for local GP Anchor Equity Partners, which invested in the company in 2013.
CITIC Capital completes China cosmetics carve-out
CITIC Capital has acquired Hangzhou UCO Cosmetics, a digital marketing and e-commerce services provider specializing in beauty and personal care, from Shenzhen-listed Qingdao KingKing Applied Chemistry for RMB1.4 billion ($208 million).
GSR United leads $40m round for China's Chezhubang
GSR United Capital and Zero2IPO Investment have led a Series B round of RMB275 million ($40 million) for China-based Chezhubang, operator of an app that helps drivers locate gas stations and electric vehicle charging points and also pay for fuel.
Dymon supports take-private of Malaysia’s Yee Lee
Dymon Asia Private Equity (DAPE) has backed a MYR186 million ($44.9 million) privatization bid for Yee Lee Group, a Malaysia-listed conglomerate with interests in food and agriculture, hospitality, logistics, and packaging.