Investments
Magic Leap gets $280m from Docomo, targets Japan expansion
Magic Leap, a US virtual reality (VR) and augmented reality (AR) goggles maker backed by several private equity firms, has secured $280 million for a Japanese expansion from NTT Docomo.
Apis invests $110m in India's L&T IDF
Apis Partners has agreed to invest up to $110 million in L&T Infra Debt Fund (L&T IDF), a subsidiary of India’s L&T Finance Holdings focused on financing infrastructure projects in India.
CDIB invests in China VFX player
CDIB Capital has invested an undisclosed amount in VHQ China, a Taiwan-based provider of post-production and visual effects services focused on China’s film and TV drama industry.
China risk management specialist Tongdun raises $100m
Tongdun Technology, a Chinese risk control services provider, has raised $100 million in a new round of funding led by CMC Capital, GGV Capital, China Everbright Limited and Guotai Global Investments. Existing investor Cinda Sinorock Capital also participated.
Primavera backs Chinese maths-focused education platform
Primavera Capital Group has led a RMB300 million ($45 million) Series D round for online mathematics education platform Yangcong 345, with participation from Beijing Kunlun Technology and existing backer Legend Capital.
SBI leads $17m Series B for India health-tech player
SBI Ven Capital, a Singapore-based division of Japan’s SBI Group, has led a $17.2 million Series B round for Mfine, an Indian healthcare technology player that uses artificial intelligence (AI).
Monk's Hill leads Series A for Singapore sales tech supplier
Singapore-based Monk’s Hill Ventures has led a $5.3 million Series A round for domestic enterprise technology provider Saleswhale.
Unilever Ventures backs Australia skincare brand
Unilever Ventures, the VC arm of consumer goods giant Unilever, has provided an early-stage round of undisclosed size to Australian skincare brand Dr Roebuck’s.
Tiger Global invests $89m in India's Ninjacart
Tiger Global Management has invested INR6.25 billion ($89.1 million) for a 26% stake in Indian agriculture industry sales platform Ninjacart.
Kejora joins $50m Series A for Indonesia’s Sicepat
Indonesian logistics start-up Sicepat Ekspres has raised $50 million in Series A funding from Kejora Ventures and Barito Teknologi, the technology investment arm of Indonesian energy conglomerate Barito Pacific.
Tencent-backed O2O healthcare platform raises $250m
Trusted Doctors, a China-based online-to-offline (O2O) healthcare provider has raised a $250 million round led by Tencent Holdings, Gaw Capital Partners, and the VC arm of local property developer Country Garden.
Sequoia backs $35.5m round for India gaming player
Mobile Premier League (MPL), an Indian e-sports gaming platform operator, has raised a $35.5 million Series A round from a group of investors including Sequoia Capital India.
Grab vs Go-Jek: Hitting the gas
As Grab and Go-Jek accumulate war chests to finance their battle for leadership in Indonesia’s online services space, the greatest benefit could go to the next generation of local technology entrepreneurs
Macquarie platform invests $39m in India's CleanMax
CleanMax Solar, an Indian solar power developer with several PE backers, has raised INR2.75 billion ($39 million) from UK Climate Investments (UKCI), a renewable energy investment platform managed by Macquarie Infrastructure and Real Assets.
Singapore biomaterials player gets $22m
RWDC Industries, a Singapore-based materials developer focused on biodegradable plastics, has raised $22 million from a group of investors including Vickers Venture Partners.
Tencent leads Series C in app for Chinese senior citizens
Tencent Holdings has led a Series C round for China-based Tangdou, a social media platform targeting senior citizens. Other participants include GGV Capital, Shunwei Capital and IDG Capital.
Chinese car trading platform Yiauto raises $22m
China-based Yiauto, a car trading service provider that targets customers living in lower-tier cities, has raised RMB150 million ($22 million) across two tranches of a Series A round.
Blackstone to acquire India's Essel Propack
The Blackstone Group has agreed to acquire a majority stake in Indian packaging company Essel Propack (EPL) in a deal that could see the private equity firm pay as much as INR32.1 billion ($461 million).
Indonesia’s HappyFresh gets $20m Series C
Indonesia-based online grocery delivery platform HappyFresh has raised a $20 million Series C round led by Mirae Asset Capital and South Korean internet conglomerate Naver.
ADIA, NIIF invest in airport business of India's GVK
Abu Dhabi Investment Authority (ADIA) and India’s National Investment & Infrastructure Fund (NIIF) have agreed to acquire a 49% stake in the airport businesses of India’s GVK Power & Infrastructure.
Warburg Pincus leads Series D for China's Gaosi Education
Gaosi Education, which provides tutoring services to schools and other educational institutions in China, has raised $140 million in Series D funding led by Warburg Pincus.
China fintech in Indonesia: Uncertainty bites
Indonesia’s fintech space represents an attractive market for Chinese start-ups looking to go cross-border. However, their reputation has been soured by misbehaving P2P lending platforms
TPG backs European jewelry brand with strong China focus
A TPG Capital-led consortium will acquire a 30% stake in APM Monaco, a jewelry brand that was established in Europe nearly 40 years ago and now has its largest retail footprint in China.
BlackRock leads $150m round in China’s Luckin Coffee
Chinese coffee shop chain Luckin Coffee has raised $150 million in an extended Series B round at a valuation of $2.9 billion. It was led by BlackRock, which committed $125 million to the deal.