Investments
India's Moglix raises $250m at $2.6b valuation
Tiger Global Management and Alpha Wave Global have led a USD 250m Series F round for India’s Moglix. It more than doubles the industrial B2B start-up’s valuation in the past eight months to USD 2.6bn.
CR Capital joins Series E for China's Newlinks
CR Capital Management, an investment arm of China Resources Group, is backing Newlink Group, operator of a platform that helps drivers locate the best value gas stations and charging piles, as part of the company's Series E round.
CVC moves to exit Indonesia's Link Net, buys Malaysia's Affin Hwang
CVC Capital Partners is shaking up its Southeast Asia portfolio with a renewed attempt to exit Indonesian broadband and cable TV provider Link Net and the acquisition of Malaysia-based asset manager Affin Hwang Asset Management.
Singapore's Fireblocks closes Series E, hits $8b valuation
Fireblocks, a US and Singapore-based blockchain services provider that aims to “help every business become a crypto business,” has raised a USD 550m Series E round at a valuation of USD 8bn.
Indonesia fishery app Aruna extends Series A to $65m
Indonesian fishing industry app Aruna has raised USD 30m led by Vertex Ventures Southeast Asia & India. It is described as an extension of a Series A round launched in mid-2020.
Square Peg leads $40m round for Singapore edtech player
Australia-based Square Peg Capital has led a USD 40m Series B round for Singapore-based education technology provider Cialfo.
Vision Fund backs China healthcare robotics player
Fourier Intelligence, a Shanghai-based medical technology start-up that focuses on rehabilitation robots, has raised CNY 400m (USD 63m) in Series D funding led by SoftBank Vision Fund 2.
Centurium takes control of China's Luckin Coffee
Centurium Capital is now the controlling shareholder in Luckin Coffee, having teamed up with IDG Capital and Ares SSG to take out interests formerly owned by executives of the scandal-hit Chinese coffee shop chain.
India smart devices producer Smartron raises $200m
Smartron, an India-focused smart devices brand backed by cricket legend Sachin Tendulkar, has received USD 200m in funding from Global Emerging Markets Group (GEM).
Potentia joins round for Australia construction tender platform
Australia’s Potentia Capital has joined a AUD 35m (USD 25m) round for local construction tender and procurement platform EstimateOne.
China raw egg brand Yellow Swan raises $95m - update
Yellow Swan, a China-based edible raw egg producer incubated by Proterra Investment Partners, has raised CNY 600m (USD 95m) across two tranches.
Bond leads $43m Series C for Australia's Eucalyptus
Bond, a US-based technology investment firm established by Silicon Valley stalwart Mary Meeker, has led a AUD 60m (USD 43m) Series C round for Australian telehealth platform Eucalyptus.
KKR commits $45m to Philippines B2B e-commerce player
KKR has invested USD 45m in GrowSari, a Philippines-based company that helps micro, small, and medium-sized enterprises (MSMEs) take their retail operations online.
WestBridge leads $29m Series B for India's Vyapar
WestBridge Capital has led an approximately USD 29m Series B round for Indian small business financial technology provider Vyapar. The company is now valued at around USD 118m.
Portfolio: Affirma and Sunwoo Fresh
Affirma Capital is helping Korea’s Sunwoo Fresh discover new revenue streams overseas, online, and in adjacent links of the beef importing value chain. Aggressive M&A has accelerated the process
Deal focus: Baring Asia completes Interplex turnaround
Refocusing on high-growth segments like electric vehicles – plus a smarter approach to sales and operations – underpinned Baring Private Equity Asia’s 4x return on engineering business Interplex
Deal focus: Darwinbox's unusual path to unicorn status
Most of India’s top software-as-a-service companies gained traction in the North American market. Darwinbox cracked Southeast Asia first, thanks to a product with broad appeal and local nuance
Deal focus: Foundation eyes Bright future
In leading a USD 82m cross-currency restructuring of a consumer-tech portfolio managed by China’s Bright Capital, Foundation Private Equity opted for a structure that is unusual yet prioritises alignment
China medtech start-up SiBionics raises $79m
China-based medical technology start-up SiBionics has raised CNY 500m (USD 79m) in a third tranche of Series C funding co-led by CPE and China Life Investment.
Invesco leads $700m round for India’s Swiggy
Invesco has led a USD 700m round for India-based on-demand delivery platform Swiggy at a reported valuation of USD 10.5bn.
Insight leads $56m Series C for India's M2P Fintech
India’s M2P Fintech, a software provider that connects banking infrastructure to consumer-facing technology platforms, has raised USD 56m in Series C funding led by Insight Partners.
BRV leads $140m Series C for Korea's Green Labs
BRV Capital Management has led a KRW 170bn (USD 140m) Series C round for Green Labs, a Korea-based agricultural technology start-up seeking to digitalise the food production value chain.
Vision Fund leads $150m round for China e-commerce enabler
Shoplazza, a China-based software-as-a-service (SaaS) provider specialising in cross-border e-commerce, has raised USD 150m in the first tranche of Series C led by SoftBank Vision Fund II.
Indonesia e-commerce SaaS player gets $80m Series C
Lummo, an Indonesian e-commerce software-as-a-service (SaaS) provider for small businesses, has raised USD 80m in Series C funding led by Tiger Global Management and Sequoia Capital India.