Region
Deal focus: ShopUp champions the iron triangle
As a first mover in Bangladesh’s B2B e-commerce space, ShopUp moved quickly into services, logistics, and finance. This inadvertent super app now has $75 million in Series B funding to show for its efforts
Australia private wealth: Choosing channels
The swelling bank balances of Australia’s high net worth individuals and family offices are an attractive target for private equity. Access is becoming increasingly formalized across the spectrum
Square Peg leads $55m round for Indonesia's Pluang
Square Peg Capital has led a $55 million Series B round for Indonesian micro-savings and micro-investment app Pluang.
IDG, Sequoia, Hidden Hill lead Series E for China's eSign
China-based electronic signature service provider eSign has raised RMB1.2 billion ($186 million) in Series E funding led by IDG Capital, Sequoia Capital China, and Hidden Hill Capital, an investment arm of logistics platform and fund manager GLP.
Jungle hits $225m first close on fourth SE Asia VC fund
Singapore-based Jungle Ventures has reached a first close of $225 million for its fourth Southeast Asia fund after four months in the market. The target is $350 million.
India media SaaS platform Amagi raises $100m
Accel Partners, Avataar Ventures, Norwest Venture Partners, and Premji Invest, have committed $100 million in funding to Amagi, an India-based software-as-a-service (SaaS) platform aimed at TV broadcasters.
China's Future Capital closes debut growth fund
Chinese early-stage tech investor Future Capital has broadened its scope with the closing of its first growth fund at $108 million.
China's Ximalaya abandons US IPO
Ximalaya, a Chinese online audio platform backed by the likes of Tencent Holdings, General Atlantic, and Goldman Sachs, has canceled its planned IPO.
East, Saratoga back Indonesia e-commerce player Sirclo
Sirclo, an Indonesia-based e-commerce enabler that acquired mother-and-baby-focused online retailer Orami earlier this year, has received $36 million in funding led by East Ventures and Saratoga Investama Sedaya (SIS), a listed vehicle with ties to Saratoga...
India home interiors player raises $50m Series E
IIFL Asset Management has led a $50 million Series E round for Indian interior design start-up HomeLane.
GPs see more paths to liquidity in Southeast Asia - AVCJ Forum
SPAC deals and GP-led secondary transactions are bringing more liquidity options to Southeast Asia, a geography where private equity investors have often struggled to achieve exits, industry participants told the AVCJ Singapore Forum.
China wafer maker Zhongxin Jingyuan raises $511m
Zhongxin Jingyuan Semiconductor - a China-based silicon wafer manufacturer also known as CCMC - has raised RMB3.3 billion ($511 million) in a Series B funding round led by Capital Operation, an investment arm of the Zhejiang provincial government, and...
India's Leap Finance raises $55m Series C
US education technology specialist Owl Ventures has led a $55 million Series C round for Leap Finance, an Indian start-up that helps students pay for overseas studies.
Carlyle joins $221m round for Japan's Spiber
The Carlyle Group’s Japan team has completed its first minority deal, participating as a cornerstone investor in a JPY24.4 billion ($221 million) round for local biomaterials developer Spiber.
Apax-owned Healthium Medtech files for India IPO
Apax Partners-owned Helthium Medtech, an India-based medical devices manufacturer formerly known as Sutures India, has filed for a domestic IPO.
China ride-hailing app Caocao raises $588m
Caocao Chuxing, the ride-hailing arm of Chinese automaker Geely, has raised a RMB3.8 billion ($588 million) Series B round from five state-backed investors.
PE investors exit Indonesia telecom towers business
The Carlyle Group has exited what was its debut investment in Indonesia – after a nine-year holding period – with the sale of telecom towers operator Solusi Tunas Pratama (STP).
PayPal to acquire Japan's Paidy for $2.7b
PayPal has agreed to buy Japan’s Paidy, a specialist in deferred e-commerce payments backed by several private equity investors, for about JPY300 billion ($2.7 billion).
Kyobo Life arbitration favors GPs, but resolution still elusive
A private equity consortium's right to enforce a put option against the chairman of Korea's Kyobo Life Insurance has been upheld following arbitration, though the ruling stopped short of endorsing a price for the transaction.
Baring Asia invests $150m in Singapore game developer
Baring Private Equity Asia has invested $150 million in Singapore-based game developer Virtuos, becoming the largest external shareholder.
Bangladesh's ShopUp raises $75m Series B
Valar Ventures, a firm set up by PayPal co-founder and early Facebook investor Peter Thiel, has led a $75 million Series B round for Bangladeshi B2B platform ShopUp.
Intudo raises $115m for third Indonesia fund
Intudo Ventures has closed its third VC fund focused exclusively on Indonesia at $115 million after less than three months in the market.
DST leads Series B for China cross-border brand Cider
Guangzhou-based cross-border fashion brand Cider has raised a $130 million Series B round led by DST Global with support from Greenoaks Capital and Andreessen Horowitz.
Deal focus: Affinity capitalizes on enforced divestment
Delivery Hero was instructed to offload Yogiyo as a condition of buying Woowa Brothers. Affinity, Permira, and GS Retail made the most of a $685 million opportunity to enter Korea’s food delivery space