Investments
GPs double down on value creation to maintain returns - AVCJ Forum
Private equity investors must find more operational levers to pull as LPs seek the same if not higher returns from the asset class despite more challenging economic conditions.
ADIA invests $500m in India's Lenskart
Abu Dhabi Investment Authority (ADIA) has agreed to invest USD 500m in Indian eyewear retailer Lenskart. It would bring pre-IPO funding in the past 12 months to around USD 750m.
CVC invests $155m in Indonesia gas company
CVC Capital Partners has committed USD 155m to Indonesia-listed Samator Indo Gas, the largest industrial and medical gas producer in the country.
India's HealthPlix raises $22m Series C
India’s HealthPlix, a medical records platform for doctors that aims to democratize access to digital healthcare in remote areas, has raised a USD 22m Series C round led by Avataar Venture Partners.
China UAV player United Aircraft raises $290m
United Aircraft, a Chinese start-up specialising in unmanned aerial vehicles (UAVs), has raised a Series D of CNY 2bn (USD 290m) from an assortment of local investors.
Japan's Anri leads $27m round for start-up lending platform
Japanese venture capital firm Anri has led a JPY 3.6bn (USD 27m) Series D round for local start-up lending platform Funds.
Deal focus: Glimmer in a dormant Pakistani ecosystem
Pakistan’s Trukkr quietly spent a hardscrabble pre-seed period building infrastructure while competitors leveraged a short-lived VC boom to grow quickly. The patience appears set to pay off
Deal focus: K-wave media savvy explores new markets
Korean audience interaction technology provider Bemyfriends hopes a sizeable Series A round led by Cleveland Avenue, a lifestyle-focused VC firm in the US, will jumpstart a global expansion
Deal focus: Mapping malls and metaverses
Mapxus sees indoor maps of high-traffic areas in high-density cities as the last piece of infrastructure to digitalise. The Hong Kong start-up has won corporate and VC backing to expand region-wide
BPEA EQT hits first close on mid-market fund, seals debut deal
BPEA EQT – which was formed through the merger of Baring Private Equity Asia and EQT – achieved a first close on its pan-regional mid-cap fund at the end of last year and the vehicle recently completed its debut investment in a Malaysia-headquartered...
Kedaara buys majority stake in India dermatology player
Kedaara Capital has acquired a majority stake in medico-aesthetic dermatology services Oliva Skin & Hair Clinic, facilitating an exit for healthcare specialist InvAscent Capital.
China artificial heart developer raises $100m
China-based medical device manufacturer Evaheart has raised a Series A of close to USD 100m led by Chinese vaccine developer Sinovac.
Qiming, Ince invest in China, US biotech start-up
Qiming Venture Partners and Ince Capital have led a USD 50m Series B round for China and US-based oncology and autoimmune diseases treatments developer Allorion Therapeutics.
India's IIFL invests $70m in Kauvery hospital chain
India’s IIFL Asset Management (IIFL AM) has invested USD 70m in local hospital chain Kauvery Hospitals via its private equity unit, acquiring a minority stake.
China semiconductor packaging player gets Series B extension
Chinese semiconductor packaging specialist Jiangsu Jing Chuang Advanced (JCA) Electronic Technology has raised a Series B extension of several hundreds of million renminbi led by Qiming Venture Partners.
Singapore's SeaTown backs buy-and-build healthcare platform
A fund managed by SeaTown Holdings International, an affiliate of Singapore’s Temasek Holdings, has invested SGD 150m (USD 111m) in Foundation Healthcare Holdings (FHH), a newly created private healthcare platform.
China Life, Qianhai Ark back ophthalmic device maker
China Life Private Equity and Shenzhen-based Qianhai Ark have led a CNY 300m (USD 44m) Series C round for Svision Imaging, a China-based ophthalmic device manufacturer.
Premji Invest leads $110m round for India's Mintifi
Premji Invest has led a USD 110m Series D round for Indian financial services platform Mintifi with support from Norwest Venture Partners, Elevation Capital and the International Finance Corporation (IFC).
Macquarie leads $99m round for Australia IT provider Orro
Macquarie Capital has led a AUD 150m (USD 99m) investment in Orro Group, an Australian enterprise IT services provider set up by local private equity firms Liverpool Partners and Parc Capital.
Korea audience engagement platform Bemyfriends gets $29m
Korea’s Bemyfriends, an audience engagement platform for brands and creators, has raised USD 29m in Series A funding, with the latest tranche provided by US-based VC firm Cleveland Avenue.
Deal focus: Qiming backs Chinese GPT pioneer
Frontis.ai is a Chinese start-up founded by local entrepreneur who helped lay the groundwork for ChatGPT in the US. Qiming Venture Partners was won over by its product conception capabilities
ADB invests $15m in Philippines supermarket Dali
Asian Development Bank (ADB) has agreed a USD 15m equity investment in the Philippines business of Switzerland-based discount supermarket operator Dali.
US, UK VCs invest Pakistan logistics start-up Trukkr
US-based Accion Venture Lab and Sturgeon Capital of the UK have led a USD 6.4m seed round for Pakistan’s Trukkr, a financial technology provider for the trucking industry.
Deal focus: Tiamat innovates around words and pictures
Tiamat originated from a Chinese college student’s experimentation with nascent text-to-image artificial intelligence technology. DCM China and VitalBridge Capital believe it will cut through the industry hype