Regions
CPE leads $123m round for China's Wangjiahuan
Shenzhen-based agricultural products distributor Wangjiahuan has raised RMB800 million ($123 million) in a Series B extension led by CPE.
India’s Zolve raises $15m seed round
Accel and Lightspeed Venture Partners have led a $15 million seed round for Zolve, an India-based digital bank focused on cross-border services.
KKR loses managing director in Singapore
Terence Lee, a managing director at KKR who leads technology, media and telecom (TMT) and growth equity investments in Southeast Asia, has left the firm.
China’s Regor Therapeutics raises $90m Series B
Lilly Asia Ventures (LAV) has led a $90 million Series B round for Regor Therapeutics, a Chinese drug developer specializing in bioinformatics.
China self-driving truck player Plus raises $200m
Plus, a China-based autonomous driving technology developer that specializes in trucks, has completed a $200 million round of funding led by Guotai Junan International, CPE, and automotive partssupplier Wanxiang.
China cancer screening business gains on Hong Kong debut
New Horizon Health, a China-based and venture capital-backed cancer early screening company, rose 215% on its trading debut following a HK$2 billion ($258 million) Hong Kong IPO.
China's CITIC sells US dental business
CITIC Capital Partners has exited US-based dental business DDS Lab – the private equity firm’s first acquisition in the US as a lead investor – to RoundTable Healthcare Partners for an undisclosed sum.
PE-backed JD Logistics set for Hong Kong listing
JD Logistics, a supply chain solutions and logistics provider that spun-out from Chinese online retailer JD.com, has filed for a Hong Kong IPO. The company has received $2.57 billion in private funding.
India's Avataar raises $100m top-up fund
Avataar Ventures, an India-based enterprise software investor that spun out from Norwest Venture Partners in 2019, has raised a $100 million opportunities fund that will do follow-on rounds for existing portfolio companies and make some new investments.
Carlyle to invest $200m in Korea's Kakao Mobility
The Carlyle Group has invested $200 million in Kakao Mobility, a transportation-focused spinout from Korea’s Kakao Corporation that offers taxi-hailing, designated driver, and other services.
Chinese virotherapy specialist Binhui Biotech raises $93m
Wuhan-based Binhui Biotech has raised RMB600 million ($93 million) in Series C funding led by Shenzhen-based Share Capital. Other investors include CICC Capital, Vertex Ventures China and Qianhai FOF under Shenzhen Capital Group.
Q&A: Gushcloud's Althea Lim
Singapore’s Gushcloud, a VC-backed influencer talent agency and content producer, operates at the frontlines of a young, fast-changing media landscape. CEO Althea Lim tours the latest developments
Bharti Airtel to buy back stake in DTH business from Warburg Pincus
Warburg Pincus has agreed to exit its stake in Bharti Telemedia, the direct-to-home (DTH) satellite television services arm of Indian telecom services provider Bharti Airtel, through a share buyback worth INR31.3 billion ($429.5 million) in cash and shares.
Korean retailer Shinsegae invests in Southeast Asia's Grab
Korean retailer Shinsegae has invested in ride-hailing and online-to-offline services (O2O) platform Grab, as financial and strategic players from Korea and Japan continue their push into Southeast Asian technology unicorns.
China teahouse chain Nayuki pursues Hong Kong IPO
Nayuki, a private equity-backed Chinese teahouse chain also known as Naixuecha, has filed for a Hong Kong IPO. It comes on the heels of a $100 million Series C round.
Deal focus: Asia Green Fund secures DuPont carve-out
Asia Green Fund reunited with the team at special situations investor BroadPeak Global for the $510 million acquisition of DuPont's clean energy unit. Driving expansion in China is now the priority
PE-backed Arohan Financial Services files for India IPO
Arohan Financial Services, an Indian microfinance institution (MFI) that was acquired by Aavishkaar Group in 2012 and went on to receive funding from several other PE investors, has filed for a domestic IPO.
Ex-KKR executive to lead Indonesia's sovereign wealth fund
Ridha Wirakusumah, whose previous roles include serving as a director for Southeast Asia at KKR, has been chosen to lead Indonesia's new sovereign wealth fund.
Waterman set for $140m windfall from My Food Bag IPO
New Zealand’s Waterman Capital will realize up to NZ$193.9 million ($140 million) through the IPO of My Food Bag, a home delivery service that provides customers with ingredients and recipes to cook their own meals.
Vintage update: India 2011-2013
A selection of India-based assets that remain in the portfolios of Accel Partners, Aditya Birla Private Equity, BanyanTree Finance Private, Faering Capital, and Helion Venture Partners
Deal focus: Potentia exits Ascender, closes debut fund
Potentia Capital's debut fundraise was given extra impetus by an impending exit from Australia-based software provider Ascender, which delivered a 30x return
Myanmar: Coup confusion
Myanmar's isolationism is likely to be harder to maintain this time should the military seek a return to its old ways. Investors are watching and waiting, but should they also be considering the ESG implications?
BRICS bank commits $100m to India state-backed fund-of-funds
NIIF Fund of Funds, a rupee-denominated fund-of-funds vehicle anchored by the Indian government, has reached the $800 million mark following a $100 million commitment from the country’s New Development Bank (NDB).
India's KreditBee secures $75m Series C
Premji Invest, Mirae Asset Capital, Alpine Capital and Arkam Ventures have contributed $75 million in Series C funding for Indian financial technology start-up KreditBee.
