Investments
Deal focus: Affirma sees promise in Asia e-scooters
Affirma Capital has led a USD 93m Series B round for Singapore-based e-scooter provider Beam, citing its ability to internationalise a locally-focused and increasingly popular business model
Pakistan fintech player NayaPay gets $13m seed round
NayaPay, a Pakistan-based financial technology start-up has secured USD 13m in what is claimed to be one of the country’s largest-ever seed rounds.
China cross-border fintech start-up secures $20m
Dowsure, a Shenzhen-based financial technology start-up that has developed credit-checking software that enables banks to lend to small-scale e-commerce vendors, has secured USD 20m in Series B funding.
India banking start-up Niyo raises $100m Series C
Accel Partners and Lightrock India have led a USD 100m Series C round for India’s Niyo, which offers digital savings accounts and other banking services in partnership with traditional banks.
ZWC, IDG back China social CRM service provider
Wshoto – a Chinese social customer relationship management (SCRM) service provider that focuses on the WeChat ecosystem - has raised a CNY 300m (USD 47m) Series B round across two tranches.
Korea's Biorchestra gets $45m Series C
Biorchestra, a Korea-based drug developer specialising in RNA therapeutics for neurodegenerative diseases, has closed a Series C funding round of KRW 54bn (USD 45m).
A91, Z3Partners lead Series B for India's Shipsy
A91 Partners and Z3 Partners have led a USD 25m Series B round for India-based Shipsy, an artificial intelligence (AI) platform that helps companies automate logistics.
India's MediBuddy gets $125m Series C
Quadria Capital and Lightrock India have led a USD 125m Series C round for Indian healthcare platform MediBuddy.
Mubadala leads $500m round for Princeton Digital
Abu Dhabi’s Mubadala Investment has contributed USD 350m to a USD 500m equity round for Singapore-based data centre developer Princeton Digital Group (PDG).
Warburg Pincus commits $210m to India medical devices business
Warburg Pincus has acquired a minority interest in Micro Life Sciences, the parent company of India-headquartered medical devices manufacturer Meril, for approximately USD 210m.
Singapore crypto player Amber hits $3b valuation
Singapore-headquartered crypto financial service provider Amber Group has raised USD 200m in an extended Series B round led by Temasek Holdings, achieving a valuation of USD 3bn.
PEP targets $742m for second Australia secure assets fund
Australia’s Pacific Equity Partners (PEP) is preparing to launch its second secured assets with an AUD 1bn (USD 724m) target while planning to spin out one of the top-performing Fund I investments into a single-asset continuation vehicle.
Deal focus: Sobot's journey from underdog to top dog
A USD 100m Series D confirmed Sobot’s status as a stalwart of China’s customer service software space, but getting there has not been a straightforward process
Infrastructure: Out of the comfort zone
Infrastructure managers in Australia are pushing into the PE space, competing with GPs for assets and buying businesses from them. It falls under the core-plus umbrella, but is the definition being stretched too far?
Deal focus: Freight player G7 eyes public listing
Having expanded its business scope from hardware into software and financial services, G7 Network is positioning its recent USD 200m PE investment as a pre-IPO round
AVCJ Awards 2021: Operational Value Add: Best & Less Group
Allegro Funds plucked Australian baby and kids retailer Best & Less from its underperforming parent and defied pandemic-related uncertainty to complete a turnaround that culminated in an IPO
AVCJ Awards 2021: Deal of the Year – Large Cap: China Biologic
For Centurium Capital, China Biologic was no ordinary take-private. It was the culmination of a multi-year effort to tighten the company’s shareholding structure and root out management inefficiencies
Deal focus: Tapping a soft spot for Asian VCs
Investment professionals in Asia know on a personal level exactly what education technology provider Cialfo is doing and why the service is a big help. Now they’re taking it to the next level
L Catterton backs China pet food brand
L Catterton, a private equity firm specialising in consumer sector investments, has committed an undisclosed sum to Shanghai Enova Pet Products, owner of Chinese premium pet food brand Pure & Natural.
China's Fenbeitong raises $140m
Chinese enterprise payment and expense management software provider Fenbeitong has raised USD 140m at a valuation of at least USD 1bn in an extended Series C round led by DST Global.
ADIA leads $210m Series E for India's DealShare
Abu Dhabi Investment Authority (ADIA) has contributed USD 45m to a USD 210m Series E round for Indian social e-commerce start-up DealShare at a valuation of USD 1.7bn.
Southeast Asia cosmetics brand Y.O.U raises $40m
Hidden Hill Capital - a private equity firm established by warehouse operator GLP - has led a USD 40m Series C round for Southeast Asian cosmetics brand Y.O.U.
Apax backs China tax SaaS player Yunzhangfang
Yunzhangfang, a China-based software-as-a-service (SaaS) provider specialising in corporate tax and financial management, has raised close to USD 100m in Series E funding from Apax Partners.
India's Uniphore raises $400m Series E
New Enterprise Associates (NEA) has led a USD 400m Series E round for Uniphore, an India and US-based artificial intelligence (AI) technology developer focused on speech recognition.