Investments
India motorcycle taxi platform raises $52m
Indian motorcycle taxi platform Rapido has raised $52 million in Series C funding featuring the corporate VC arm of Shell.
Chinese AI diagnosis player Shukun raises $108m
Shukun, a Chinese developer of artificial intelligence (AI) technology used in medical imaging diagnosis, has raised RMB700 million ($108 million) from Goldman Sachs, Primavera Capital Group, Sequoia Capital China, Marathon Venture Partners, and Sage...
Sofina, CDH wealth platform lead round for China's Petkit
Petkit, a Chinese manufacturer of smart devices for pets such as water and food dispensers, has raised $50 million in a Series D round of funding led by Sofina and CDH Investments' wealth management platform.
Affinity backs Singapore financial SaaS platform
Affinity Equity Partners has taken a joint controlling stake alongside management in Singapore-based technology-enabled financial services provider M-Daq, following an investment of approximately S$200 million ($148 million).
Partners Group buys India broadband provider for $1.2b
Partners Group has agreed to buy India-based broadband provider Atria Convergence Technologies for an enterprise valuation of nearly $1.2 billion, facilitating a full exit for True North and a partial exit for TA Associates.
India's Dailyhunt raises $450m at $3b valuation
VerSe Innovation, operator of Indian news app Dailyhunt, has raised $450 million in Series I funding featuring The Carlyle Group at a valuation of about $3 billion.
India's Eruditus raises $650m at $3.2b valuation
India’s Eruditus Executive Education, operator of professional upskilling portal Emeritus, has raised a $650 million Series E round led by Accel and SoftBank Vision Fund 2 at a valuation of $3.2 billion.
Guotai leads $66m Series B extension for China's Innovusion
Innovusion, a Chinese developer of LiDAR technology used in autonomous driving, has raised $66 million in an extended Series B round led by the private equity investment arm of Guotai Junan International.
Boyu, Janchor back China medical finance start-up
MediTrust Health, China-based healthcare payments and insurance platform, has raised RMB2 billion ($309 million) in Series C funding led by Boyu Capital and Janchor Partners.
Australia's Advent buys VR gaming business
Australian lower middle-market private equity firm Advent Partners has agreed to take a majority stake in Melbourne-based virtual reality gaming company Zero Latency VR.
Lazard makes senior private capital advisory hire in Asia
Lazard has recruited Patrick No, formerly head of Asia financial sponsors coverage at Credit Suisse, as a managing director in its private capital advisory group.
Vision Fund pulls back from China amid regulatory uncertainty
SoftBank Vision Fund is taking a “wait and see” approach to China, holding back on new investments in the country until the full ramifications of regulatory action in the technology sector are known.
CoinDCX raises $90m, becomes India’s first crypto unicorn
B Capital Group has led a $90 million Series C round for Indian cryptocurrency exchange CoinDCX at a valuation of $1.1 billion, making it the country’s first crypto unicorn.
Baring acquires Hinduja healthcare business for $1.2b
Baring Private Equity Asia has agreed to buy a healthcare services unit of Anglo-Indian conglomerate Hinduja Group at an enterprise valuation of $1.2 billion.
Lightspeed leads $35m round for Indonesia crypto player
Lightspeed Venture Partners has led a $35 million Series A extension for Pintu, one of Indonesia’s leading cryptocurrency wallets and trading platforms. It follows a $6 million tranche in May.
Australia's V2Food gets $53m Series B extension
Australian vegetarian meat brand V2Food has raised A$72 million ($53 million) in a Series B extension featuring Belgium-based impact investor Astanor Ventures.
China's Miaoshou Doctor raises $231m Series F
Beijing Yuanxin Technology, operator of China-based online healthcare services platform Miaoshou Doctor, has raised RMB1.5 billion ($231 million) in Series F funding featuring Sequoia Capital China.
Deal focus: GA backs VNLife’s two-pronged fintech play
VNLife is not alone in trying to build value-added services onto a payment platform in Vietnam, but it is unusual in being able to rely on a profitable B2B digital banking business while figuring out monetization
Deal focus: Warburg Pincus returns to ESR
The sale of ARA Asset Management to ESR will create a real estate behemoth primed to go big on e-commerce-driven logistics and data centers – and allow Warburg Pincus to reunite with the platform it seeded
Tower Capital backs $230m Singapore business services carve-out
Tower Capital is backing a consortium seeking to carve out business services provider Boardroom from Singapore-listed GK Goh Holdings at a valuation of S$312 million ($230 million).
Creador, NewQuest, TR invest Yum Brands India franchisee
Creador, NewQuest Capital Partners, and TR Capital have co-led an INR11.5 billion ($155 million) investment in Sapphire Foods India, a franchisee operator of US fast food giant Yum Brands.
CPE leads $150m Series B for China CDMO
Joinn Biologics, a China-based contract development and manufacturing organization (CDMO), has raised $150 million in Series B funding led by CPE.
China cancer screening specialist raises $99m
China Merchants Capital has led a $99.5 million funding round for Berry Oncology Corporation, an early cancer screening spin-out from China-based genetic testing specialist Berry Genomics.
India's MindTickle closes $100m Series E
SoftBank Vision Fund 2 has continued its recent streak of investing in unicorns out of India by leading a $100 million Series E round for sales enablement platform MindTickle at a valuation of $1.2 billion.