Region
GoTo gets $1.3b in first tranche of pre-IPO funding
Indonesia-based ride-hailing service turned super app GoTo has raised more than $1.3 billion in a first tranche of pre-IPO funding, which will be used to develop its digital ecosystem.
China's Red raises $500m at $20b valuation
Chinese social e-commerce app Xiaohongshu, also known as Red, has raised a $500 million round led by Temasek Holdings and Tencent Holdings at a valuation of $20 billion, up from $3 billion in 2018.
Indonesia's Alpha JWC closes Fund III at $433m
Indonesia’s Alpha JWC Ventures has closed its third fund at $433 million, beating a target of $250 million. It is said to be the largest early-stage VC fund targeting Southeast Asia.
East backs Singapore food surplus marketplace
East Ventures and Amasia have jointly led an $11 million Series A round for Singapore’s TreeDots, a company that describes itself as Asia’s first food surplus marketplace.
KKR signs up India financial services veteran as advisor
KKR has appointed K.V. Kamath, described as a pioneer of India's modern financial services sector, as an advisor.
China regulation: Shock and awe
A raft of rules, largely targeting the technology sector, has challenged business cases and thwarted exits in China. It is also contributing to tweaks in investment strategy
Kedaara acquires India digital transformation player
Kedaara Capital has acquired a majority stake in Great Software Laboratory (GS Lab), an India-headquartered provider of digital product engineering services.
GL Capital leads $125m round for Hzymes Biotechnology
Wuhan-based Hzymes Biotechnology, a specialized enzymes developer, has raised RMB800 million ($125 million) in Series C funding led by healthcare specialist GL Capital
Potentia exits Australia SaaS provider to UK strategic
Australia’s Potentia Capital has exited compliance software-as-a-service (SaaS) supplier CompliSpace to UK-based Ideagen for about A$110 million ($81 million) after a less-than-two-year hold.
Hong Kong's Qupital secures $150m Series B
Hong Kong B2B financial technology provider Qupital has raised a $150 million Series B round led by Greater Bay Area Homeland Development Fund.
North Asia IPOs: Welcome eruptions
A steady rhythm of small and mid-sized IPOs in North Asia is now being punctuated by globally noticeable events. Valuations are up, but Korean and Japanese investors are game
Southeast Asia IPOs: Opportunity knocks
A breakthrough offering in Indonesia and regulatory progress in Singapore highlight Southeast Asia’s growing viability as a tech IPO market. It’s unclear how well this is being communicated globally
Hong Kong IPOs: Winner by default
New York’s loss is expected to be Hong Kong’s gain as regulatory and political turbulence drives Chinese start-ups to look for alternative listing destinations – unless valuations become a sticking point
Q&A: EQT's Andreas Aschenbrenner and Sophie Walker
In the past month, EQT has launched an impact fund with a difference and adopted science-based targets for emissions reduction. Andreas Aschenbrenner, deputy head of EQT Future, and Sophie Walker, head of sustainability for private capital, explain why...
Q&A: Thoma Bravo's Orlando Bravo
Orlando Bravo, founder and managing partner of Thoma Bravo, which claims to be the largest PE investor in software globally, on SaaS in a post-COVID-19 world, the rise of blockchain, and opportunities in Asia
Carlyle poaches India head from Blackstone
The Carlyle Group has recruited Amit Jain, formerly of The Blackstone Group, as a managing director in Mumbai and co-head of its India investment advisory team.
China CRO Tripod raises $156m
Tripod Preclinical Research Laboratories, a China-based contract research organization (CRO) based in Nanjing, has raised RMB1 billion ($156 million) led by Ruihua Capital, Lilly Asia Ventures (LAV) and GL Ventures.
Singapore audience data business sold to trade buyer
US data and analytics services provider Dun & Bradstreet has agreed to acquire Singapore audience data business Eyeota, setting up exits for several private equity investors.
Activists, growth equity among Japan deal drivers - AVCJ Forum
Private equity deal flow in Japan is likely to increase in the coming years, spurred by factors ranging from activist investors to the rise of growth equity, industry participants told the AVCJ Japan Forum.
VentureTech, SBI launch $18m Malaysia fund
Malaysian government investor VentureTech has teamed up with SBI Ventures Malaysia to launch a MYR75 million ($18 million) technology co-investment fund.
ShawKwei acquires CR Asia Group for $101m
ShawKwei & Partners has acquired CR Asia Group, a Bangkok-headquartered energy engineering company with a pan-regional presence, for $101 million.
Australia's Rampersand targets $29m for fourth VC fund
Rampersand, an Australia-based VC investor, is looking to raise A$40 million ($29.6 million) for its fourth fund, which will address what the firm describes as a “chronic funding gap in early-stage seed funding.”