Regions
India digital wealth manager secures $75m Series D
Indian personal finance app INDmoney has raised USD 75m in Series D funding from Steadview Capital, Tiger Global Management, and Dragoneer Investment Group.
Asia PE investment hits new high in 2021
A rebound in China-based activity took Asia private equity investment to a record USD 105.3bn in the fourth quarter, ensuring that 2021 represents a new high watermark for the industry.
EverSource closes India climate impact fund on $741m
EverSource Capital has reached a final close of USD 741m on what is being called India’s largest climate impact fund.
China's Dishangtie Car Rental raises $200m
Dishangtie Car Rental, a Shenzhen-based electric vehicle (EV) rental service, has raised a USD 200m Series D round across two tranches featuring CICC Capital.
Impact investors commit $60m to India agtech platform
Quona Capital, Lightrock India, and Asia Impact SA have co-led a USD 60m Series C round for Indian agriculture technology platform Arya.
Australia's Allegro names Fay Bou as third partner
Australia turnaround investor Allegro Funds has appointed Fay Bou as its third partner, serving alongside co-founders Adrian Loader and Chester Moynihan.
Deal focus: Starfield serves up Series B
The Chinese manufacturer of plant-based protein replacements has secured USD 100m in funding to advance a product portfolio that aspires to diversity and structural sophistication
Q&A: Gulf Capital's Richard Dallas & Shantanu Mukerji
Richard Dallas, a senior managing director at Gulf Capital, and newly appointed Asia head Shantanu Mukerji on using Singapore as a regional hub, cross-border expansion, and why a dedicated regional fund is unlikely
4Q analysis: Record quarter, record year
China rebounds as Asia private equity investment ends 2021 with a bang; bright spots in improving fundraising environment; sponsor-to-sponsor exits thrive while PE-backed IPOs stumble
Metaverse: Too concrete to ignore
As lives lived online find a virtual world to call home, investors, brands, governments, corporations, and accountants follow them in. Real estate, avatars, and new ideas are in demand. Goggles are not
Deal focus: ACA seeks Asia-Europe sporting synergies
Japan’s ACA Group has acquired a Belgium-based KMSK Deinze as part of a multi-club investment strategy that will – in part – bring Asian players into the middle tiers of European football
Fund focus: Ince eyes global entrepreneurs
Blockchain, hardware, and entrepreneurs going global are on the agenda for Ince Capital Partners’ second fund, which closed above target despite LPs getting spooked by the tech sector crackdown
Global Brain, Mitsubishi launch $44m VC fund
Japan’s Global Brain and Mitsubishi Electric Corporation have established a corporate VC fund that aims to invest JPY 5bn (USD 43.7m) globally over the next 10 years. Global Brain will act as manager.
China GPs emphasize consumer sector opportunities
Policy volatility in China has prompted many investors to eschew consumer-facing business models in favour of B2B plays like deep-tech, but sector specialists still see opportunity, the Hong Kong Venture Capital & Private Equity Association’s (HKVCA)...
Bain exits Japan hot spring operator to Lone Star
Bain Capital has sold Ooedo Onsen Monogatari Resorts & Hotels, a Japan-based traditional inn and hot spring chain operator it acquired nearly seven years ago, to Lone Star for an undisclosed sum.
Quadria backs Vietnam mother-and-baby chain
Singapore-based healthcare specialist Quadria Capital has invested USD 90m in Con Cung, Vietnam’s largest mother-and-baby retailer.
Novo Tellus targets $111m Singapore SPAC
Novo Tellus Capital Partners, a Southeast Asia-based private equity firm that focuses on middle-market industrial technology opportunities, has filed to list a special purpose acquisition company (SPAC) in Singapore.
MBK to buy control of Korea e-commerce solutions provider
MBK Partners has agreed to buy a controlling stake in KoreaCenter, a Korea-based e-commerce services provider, for KRW 491.7bn (USD 429.8m) across several equity and debt transactions.
China 5G chip designer Eigencomm raises $157m
SoftBank Vision Fund II has led a CNY 1bn (USD 157m) Series C for Shanghai-based chipmaker Eigencomm, with participation from new investors Cathay Capital, CoStone Capital, Chobe Capital, and GF Qianhe, a unit of GF Securities.
WestBridge, GSV lead $100m Series E for India's Lead School
WestBridge Capital and GSV Ventures have led a USD 100m Series E round for Indian education technology platform Lead School at a valuation of USD 1.1bn.
Apis invests $50m in Singapore loyalty program start-up
Apis Partners has invested USD 50m in Singapore-based loyalty program management and development services provider Giift.
Indonesia's Pluang doubles Series B to $110m
Indonesian micro-savings and micro-investment app Pluang has raised USD 55m in Series B funding led by Accel. It follows a USD 55m Series B investment led by Square Peg Capital last year.
India early wage access start-up secures $82m
Tiger Global Management has led a USD 82m Series B round for Refyne, an India-based early wage access (EWA) platform. Existing backers QED Investors, RTP Global, Jigsaw VC, Digital Horizon VC, and XYZ Capital also took part, as did partners from DST Global.