Regions
Deal focus: Korean start-up disrupts the laundry
Korean on-demand laundry service Laundrygo will use its Series B funding to widen coverage within Seoul and improve automation levels at its facilities to further boost margins
Singapore's One Championship raises $70m
One Championship, a Singapore-based mixed martial arts (MMA) organization backed by Sequoia Capital India, has raised $70 million in funding.
Chinese AI chip maker Biren raises $155m Series A
Biren Technology, a nine-month-old Chinese smart chip design company, has raised RMB1.1 billion ($155 million) in Series A funding led by Qiming Venture Partners, IDG Capital and Walden International.
Redmayne leaves CVC to join Searchlight
James Redmayne, a 14-year veteran of CVC Capital Partners who spent the last seven years in Asia, has joined the London-based team at Searchlight Capital Partners.
Sequoia joins $21m Series A for Philippines digital bank
Sequoia Capital India and US-based Point72 Ventures have led a $21 million Series A round for Tonik, a Singapore-based digital bank launching initial operations in the Philippines.
PE investors agree $8.7b take-private of China's 58.com
58.com, China’s leading online classifieds marketplace, has agreed to be acquired by a consortium of private equity investors at an implied equity valuation of $8.7 billion.
India's VC-backed Postman raises $150m Series C
Postman, a software development tool creator with operations in India and the US, has raised a $150 million Series C round led by Insight Partners.
BOC leads Series B-plus for Chinese AI player Shukun
Shukun, a Chinese start-up that develops artificial intelligence (AI) technology used in the diagnosis of cardiovascular diseases, has raised RMB200 million ($28 million) in an extended Series B round led by BOC International and CCB International.
India’s Happiest Minds Technologies files for IPO
Indian IT outsourcing company Happiest Minds Technologies, which is backed by J.P. Morgan Asset Management, has filed for an initial public offering.
L Catterton, TPG join PE backers of India's Jio Platforms
Equity commitments to Jio Platforms, the holding company for various internet and telecom assets owned by India's Reliance Industries, have now surpassed $13.5 billion following confirmation of investments by TPG Capital and L Catterton.
Foreign investment restrictions: Looking inward
China is the implied threat as governments look to protect vulnerable domestic companies from foreign corporate raiders. On balance, PE investors are unlikely to benefit from moves towards de-globalization
Asia gyms: Muscling through the mire
Fitness centers have continued to woo investors during COVID-19 despite patchy progress in the reopening of gyms and difficult-to-digitize business models
US-Singapore food tech fund to target Asia
Big Idea Ventures, a US and Singapore-based food technology investor, has launched its debut fund with a target of $50 million. Asia is a core market.
BGH buys health centers from Australia's Healius for $341m
BGH Capital has agreed to acquire the primary care business of Australia’s Healius – comprising medical centers, GP practices, and dental clinics – for an enterprise valuation of A$500 million ($341 million).
China's Burning Rock soars on debut after $222m US IPO
Burning Rock Biotech, a venture capital-backed, China-based provider of genetic testing services used in cancer diagnosis, rose 49% on its trading debut following a $222.8 million US IPO.
Korea commits $1.7b to start-up ecosystem
Korea has committed KRW2.1 trillion ($1.7 billion) to local start-ups in biotechnology and non-contact technologies as part of a KRW5.8 trillion private sector COVID-19 recovery agenda.
Chinese instant food brand Baijia raises $28m
Chinese instant food brand Baijia Food has raised RMB200 million ($28 million) in Series B funding led by GL Ventures, the venture capital arm of Hillhouse Capital.
Nexus leads Series A for Indian enterprise automation platform
Nexus Venture Partners has led an $18 million Series A round for Jiffy, an Indian software start-up that helps companies automate back-office processes.
Deal focus: DocsApp eyes more than appointments
Following a $20 million funding round and a merger with an industry peer, India's DocsApp is working towards a long-term vision that goes beyond online health consultations
Q&A: Iron Pillar's Anand Prasanna
Anand Prasanna, a managing partner at Indian venture capital firm Iron Pillar, on building local companies that can be globally relevant, selling a GP stake, and the impact of COVID-19
Matrix China raises $750m for Fund VI
Matrix Partners China has raised $750 million for its sixth venture capital fund for deployment in early-stage opportunities across the internet and mobile internet, financial services, healthcare, and enterprises services spaces.
Microsoft VC unit launches India operation
Microsoft Corporation's venture arm M12 has established a presence in India by opening an office in the start-up hub of Bengaluru.
Deal focus: Khatabook aspires to be shopkeeper’s best friend
Khatabook, which helps India's small business owners track their transactions, has accumulated eight million users in the last two years. A recent Series B round is intended to help the company reach 30 million
Apollo, ICICI Venture end India special situations partnership
Apollo Global Management and India’s ICICI Venture have agreed to terminate Aion Capital Partners, a joint venture that manages a special situations fund in the country.