Investments
China biotech player GenFleet raises $75m
GenFleet Therapeutics, a Chinese biotech developer focused on oncology and immunology, has secured a USD 75m Series C round led by Huagai Capital.
Indonesia coffee shop start-up achieves unicorn status
Indonesia coffee chain Kopi Kenangan has raised USD 96m in an ongoing Series C round at a valuation of at least USD 1bn. Hong Kong’s Tybourne Capital Management led the investment.
PE consortium backs New Zealand fertility business
Pioneer Capital, New Zealand Superannuation Fund, and Comprador Holdings have together acquired a 70% stake in Fertility Associates, a New Zealand-based fertility treatment provider.
Alpha Wave leads $300m round for India's Cars24
Indian used car platform Cars24 has raised $400 million in funding – comprising $300 million in equity and $100 million in debt – at a valuation of $3.3 billion.
India's Razorpay closes $375m Series F at $7.5b valuation
Indian payments start-up Razorpay has seen its valuation more than double in eight months on closing a $375 million Series F led by Lone Pine Capital, Alkeon Capital Management, and TCV.
Vietnam's MoMo secures $200m Series E
Mizuho Bank has led a $200 million Series E round for MoMo, a Vietnam-based mobile wallet provider, at a valuation of more than $2 billion.
Anchor invests $210m in Korean grocery player Kurly
Anchor Equity Partners has committed KRW250 billion ($210 million) in pre-IPO funding to Kurly, a Korean grocery delivery platform that earlier this year said it would list locally rather than in the US.
Australia's PEP secures fourth exit in a fortnight
Pacific Equity Partners (PEP) has agreed on exits from two energy infrastructure-related businesses, taking the Australia-based private equity firm to four announced liquidity events within a fortnight.
India's OfBusiness achieves $5b valuation with Series G
OfBusiness, an India-based B2B platform focused on industrial supply chain and procurement services, has raised $325 million in Series G funding at a valuation of $5 billion.
KKR to buy Japan SME software provider from Orix
KKR has agreed to buy Yayoi, a Japan-based software developer that serves small and medium-sized enterprises (SMEs) from Orix Corporation.
India's Pristyn Care raises $96m at $1.4b valuation
Pristyn Care, a clinic operator specializing in minimally evasive surgeries, has joined India’s unicorn boom with a $96 million Series E round featuring Sequoia Capital at a valuation of $1.4 billion.
Blackbird backs Australia 3D cell culture platform
Australia’s Blackbird Ventures has led a $25 million Series B round for Inventia Life Science, a local start-up that provides 3D cell cultures for research and clinical purposes.
India BNPL start-up Uni gets $70m Series A
General Catalyst has led a $70 million Series A round for Uni, an Indian buy now, pay later (BNPL) start-up that launched its flagship product just six months ago.
ADV backs Asia, North America flooring manufacturer
ADV Partners has acquired a significant minority interest in CFL Technologies, a flooring materials business with a presence in multiple locations in the US, China, and Vietnam.
Australia’s Rokt raises $325m Series E at $1.9b valuation
Tiger Global Management has led a $325 million Series E round for Australia-based e-commerce marketing technology provider Rokt.
Flipkart, Walmart invest $145m in India's Ninjacart
Walmart and Flipkart, its Indian e-commerce platform, have doubled down on local fresh produce delivery company Ninjacart with a 145 million investment.
Advent acquires China's largest medical capsule maker
Advent International has acquired a majority stake in Guangsheng Medicinal Capsule (GS Capsule), the largest medical capsule maker in China, for an undisclosed sum.
Indonesia insurance start-up Fuse raises $25m
Fuse, which claims to be Indonesia’s largest insurance technology start-up, has raised $25 million in a Series B extension. It comes within six months of a $50 million Series B featuring East Ventures.
Vision Fund 2 leads $60m Series C for India's Juspay
SoftBank Vision Fund 2 has led a $60 million Series C funding round for Juspay Technologies, an India-based financial technology start-up that specializes in digital payments.
BGH makes $432m bid for Australia's Virtus Health
BGH Capital has submitted a take-private bid for Virtus Health, an Australia-based fertility care services provider, that values the business at approximately A$607.3 million ($432 million).
Hong Kong's Brinc raises $130m for blockchain programs
Hong Kong accelerator Brinc has raised $130 million for blockchain-related accelerator programs and a global expansion with support from Animoca Brands, a local segment leader backed by several VCs.
2022 preview: China sustainability
Green-tech investment, from electric vehicles to renewable energy, is already in the ascendency as China ponders a carbon-neutral future. Momentum is expected to grow in 2022
2022 preview: Macro & buyout
Will the bullish investment environment persist through 2022? Most Asia-based private equity players expect to remain busy, although they acknowledge a lack of visibility around macro and geopolitical risk
2022 preview: SaaS
Software-as-a-service continues to benefit from a digitalization push across multiple markets. Investors are looking for differentiation in a market characterized by high valuations and intense competition