China has imposed severe restrictions on private tutoring that appear to undermine the commercial viability of companies in the space, potentially making private equity investment unviable.
Best & Less Group (BLG), an Australian baby, kids and womenswear retailer, has raised A$60 million ($44 million) through a domestic IPO, facilitating a partial exit for majority owner Allegro Funds Group.
TransThera, a China-based drug developer, has raised $100 million in Series D funding led by CPE and China Structural Reform Fund.
Belgium-based Incofin Investment Management, which focuses on financial inclusion and developing market agri-food segments, has reached a first close of $60 million for an India impact fund.
PAG has acquired a controlling stake in Acme Formulation Private, an India-based contract development and manufacturing organization (CDMO), for approximately $145 million.
Asia Partners and Falcon Eduge Capital have led a $100 million Series B round for GudangAda, an Indonesian online marketplace that targets wholesale and small-scale retailers.
CalmCar, a China-based provider of self-driving solutions, has closed a $150 million Series C round led by German auto parts supplier ZF Group. The company is targeting an IPO in 2022.
PropertyGuru, a PE-backed Southeast Asia real estate portal, has agreed to merge with a special purpose acquisition company (SPAC) established by Peter Thiel and Richard Li, son of Hong Kong billionaire Li-ka Shing, for an enterprise valuation of $1.35...
Cloudwise, a Beijing-based artificial intelligence operations (AIOps) provider, has raised $150 million in Series E funding led by Sequoia Capital China.
BlackBuck, India’s largest trucking platform, has raised $67 million in Series E funding led by US-based Tribe Capital, IFC Emerging Asia Fund, and VEF at a valuation of $1 billion.
Chinese next-generation sequencing (NGS) player Geneplus Technology has raised a RMB750 million ($116 million) Series C round led by China Construction Bank’s venture unit CCB International.
M Stand - a China-based coffee shop chain with ambitions to become the Starbucks for China's younger generation - has raised RMB500 million ($77 million) in Series B funding led by Black Ant Capital and GenBridge Capital.
Chongxing, a Chinese petcare brand, has raised RMB200 million ($31 million) in a third tranche of Series B funding from Tencent Holdings, Hony Capital, HighLight Capital, Vertex Ventures China, and Meridian Capital.
Five VC-backed pre-revenue Chinese biotech companies have filed to list in Hong Kong over the past two weeks, doubling the size of the IPO pipeline in this category.
Japan Growth Investments Alliance (J-GIA) has agreed to buy a majority stake in furniture and home décor business Francfranc – which has stores in Japan and Hong Kong – from Seven & i Holdings, the parent of 7-Eleven.
FTX, a Hong Kong-headquartered cryptocurrency exchange, has raised $900 million in Series B funding at a valuation of $18 billion, up from $1.2 billion on closing the Series A last year.
Ince Capital, a Chinese venture capital firm established by J.P. Gan, formerly a managing partner at Qiming Venture Partners, has achieved a first close of approximately $450 million on its second fund.
LeapFrong Investments and Khosla Ventures have led a $75 million Series C round for HealthifyMe, a mobile health and fitness app operator with a presence in India and Southeast Asia.
Insight Partners has led a $140 million Series E round for Australian human resources services start-up Employment Hero at a valuation of $800 million.
Spinny, an Indian online used car marketplace, has raised $108 million in Series D funding led by Tiger Global Management and US-based investor Avenir Growth.
Kdan Mobile Software, a Taiwanese software-as-a-service company focused on corporate video and design services, has raised a $16 million Series B round featuring WI Harper Group.
SoftBank Vision Fund 2 and Prosus Ventures have led a $1.25 billion funding round for Swiggy, an India-based on-demand delivery platform.
SoftBank Vision Fund 2, AirTree Ventures, and Salesforce Ventures have led a $200 million Series D round for Australian workforce training start-up Go1 at a valuation of $1 billion.