Investments
Chinese investors back Indian online marketplace Cashify
Cashify, an Indian online marketplace for used smart phones and electronics, has raised a $12 million funding round led by China-based GPs CDH Investments and Morningside Capital.
Nissan terminates sale of battery business to China's GSR Capital
Nissan Motor has abandoned plans to sell its electric battery operations and production facilities to GSR Capital because the Chinese private equity firm didn’t have sufficient funds to complete the transaction.
Boyu leads $125m round for Singapore's Trax
Boyu Capital has led a $125 million funding round for Trax, a Singapore-headquartered company that has developed computer vision and analytics solutions through which retailers can link sales to in-store and on-shelf positioning.
NZ Super buys 27% stake in domestic food player
New Zealand Superannuation (NZ Super) has invested an undisclosed sum to take a 27% holding in New Zealand Gourmet, a company that farms and markets a range of fresh produce.
Advantage buys China restaurants from Papa John's
Advantage Partners has acquired 34 restaurants in Beijing and Tianjin from Papa John’s International. The investment is being made through the Japanese private equity firm’s $380 million debut Asia fund, which closed in May.
YuanMing, Matrix lead $50m round for China's Adlai Nortye
YuanMing Capital and Matrix Partners China have led a Series B round of more than $50 million – denominated in US dollars and renminbi – for Adlai Nortye, a Chinese biopharmaceutical company.
General Atlantic invests $130m in Indian hospital operator
General Atlantic has committed $130 million to Krishna Institute of Medical Sciences (KIMS), a South India-based hospital chain that has been approved for an IPO. The company is also backed by ICICI Venture.
Singapore's EDBI joins $42m round for US-based Puppet
Singapore’s EDBI has joined a $42 million funding round for Puppet, a US-based creator of software development and operation tools, with the goal of driving expansion in Asia.
VCs invest $8m in Singapore's Umitron
Innovation Network Corporation of Japan and D4V, a Japanese seed-stage investor set up by Genuine Startups and US design consultancy Ideo, have joined a S$11.2 million ($8.2 million) investment in Singaporean agricultural technology company Umitron.
C-Bridge leads $20m round for China's Nuance
C-Bridge Capital, a Chinese healthcare-focused private equity firm, has led a $20 million Series B funding round for domestic pharmaceuticals developer Nuance Biotech.
Warranty and indemnity insurance: The information barrier
Warranty and indemnity insurance is growing in popularity in Asia, particularly in emerging markets. A lack of understanding is the biggest impediment to its widespread adoption
Deal focus: Swiggy reinforces for Indian food fight
Swiggy raises $210 million to consolidate its leading position in India's competitive online food ordering market
Singapore's CashShield gets $20m Series B
Temasek Holdings and GGV Capital have led a $20 million Series B funding round for CashShield, an online fraud management services company for mid to large sized enterprises based in Singapore.
Accel, IDG lead $19m round for India's SigTuple
Accel Partners and IDG Ventures have led a $19 million Series B round for Indian healthcare-focused artificial intelligence (AI) start-up SigTuple.
Deal focus: VCs see profits as VIPKid goes young
China's online English language education start-up VIPKid has raised $500 million in Series D-plus funding to grow its youth-focused teaching business
Profile: OneVentures' Michelle Deaker
OneVentures co-founder Michelle Deaker leveraged a background of IT innovation to introduce a much-needed dose of entrepreneurialism into the early days of Australia’s venture capital industry
Temasek and CFOs: PE to the people
It has taken Temasek Holdings four secondary transactions over 12 years to create a product that allows retail investors to participate in its private equity portfolio. Will others follow suit?
SoftBank Vision Fund leads $200m round for India's PolicyBazaar
SoftBank Vision Fund, the global technology investment vehicle managed by Japan’s SoftBank Group, has led a $200 million Series F round for Indian online financial services portal PolicyBazaar.
KKR buys Unilever Indonesia's spreads business
KKR has agreed to acquire a controlling stake in a division of consumer goods company Unilever Indonesia that focuses on food spreads such as butter and cooking oil for about IDR2.9 trillion ($210 million).
CITIC Securities fund makes pre-IPO investment in ESR
China’s CITIC Securities has made a pre-IPO investment of undisclosed size in pan-Asian logistic company and fund manager E-Shang Redwood (ESR).
GPs require comprehensive responses to technology - AVCJ Forum
Private equity firms looking to future-proof their portfolios and enable companies to take advantage of technological change must be prepared to make significant alterations to their investment approach, industry participants told the AVCJ Japan Forum....
Naspers co-leads $210m round for India's Swiggy
Indian online food ordering and delivery platform Swiggy has raised a $210 million Series G round co-led by South African internet conglomerate Naspers and DST Global that reportedly values it at over $1.2 billion.
China's VIPKid raises $500m round
China-based English language learning platform operator VIPKid has received a $500 million funding round led by Sequoia Capital, Tencent Investment, Yunfeng Capital, and Coatue Management.
Amicus invests $10m in India's Wonderchef
Amicus Capital Partners has invested INR700 million ($10.3 million) in Indian cookware and kitchen appliances manufacturer Wonderchef.