Region
Mahindra & Mahindra to buy 55% of India's PE-backed Meru
Indian automotive conglomerate Mahindra & Mahindra has agreed to acquire an up to 55% stake in Meru Cab, a technology-enabled taxi company backed by True North.
Qiming invests $30m in Chinese medical AI solutions player
Qiming Venture Partners has led a $30million Series C round for Huimei Technology, a Chinese developer of artificial intelligence-enabled (AI) medical solutions provider.
CDPQ joins Brookfield buyout of Australia's Healthscope
Caisse de dépôt et placement du Québec (CDPQ) has agreed to join Brookfield Asset Management in its buyout of Australian hospital operator Healthscope, taking a significant minority stake for a consideration of more than A$300 million ($202 million)....
Australia's CHAMP PE rebrands as CPE Capital
CHAMP Private Equity, which makes growth and buyout investments in middle-market companies across Australia and New Zealand, has been renamed CPE Capital.
Chinese car fueling app raises $63m
Chezhubang, a car fueling services app provider, has raised Series B funding of RMB450 million ($62.8 million), jointly led by China’s National Small Medium Development Fund and Oriental Fortune Capital.
Hosen targets $750m for fourth China fund
China-based food and agriculture specialist Hosen Capital is looking to raise $750 million for its fourth fund.
Korea start-ups: The graduates
Korea’s start-ups are internationalizing and becoming more technically advanced as the ecosystem matures. A rapidly multiplying flock of local VCs will have to do the same to keep up with them
VIG secures 3.2x return on Korea's HiParking
VIG Partners has agreed to sell Korean parking management business HiParking to Humax, a consumer electronics manufacturer, for KRW170 billion ($141 million).
Chinese second-hand fashion e-commerce player raises $20m
Plum, a China-based e-commerce platform that sells second-hand fashion brands has received $20 million in an extended Series B round led by Japanese internet company Recruit Holdings.
Steadview leads $14m Series D for India's Chargebee
Steadview Capital has led a $14 million Series D round for Chargebee, a developer of a platform for online payments based in India and the US.
India's VC-backed Vedantu raises $42m Series C
Indian online tutoring service Vedantu has raised $42 million in a Series C round led by Tiger Global Management and WestBridge Capital.
Lok seeks $150m for fourth India fund
Indian venture capital firm Lok Capital is targeting $150 million for its fourth fund, which will invest in growth-stage companies with a potential for positive social impact.
VCs to exit China job site as Meitu buys majority stake
Northern Light Venture Capital (NLVC), SBCVC and Hotung Venture Group will exit Chinese online recruitment platform Dajie.com after Meitu agreed to buy a majority stake in the business. The valuation of $88.4 million represents a small premium to the...
Bain expands India credit presence
Bain Capital is setting up a team to invest in credit and special situations opportunities in India, and has hired a former executive at Aion Capital to serve as its head.
Korea culture plays: Brands apart
Korean pop music is being used as a marketing tool for a long tail of consumers products and services. While investors are keen to leverage star power, they recognize it doesn’t last forever
LGT acquires India impact investor
LGT Group has acquired a majority stake in Indian impact investor Aspada from an investment arm of Open Society Foundations, a George Soros-founded charitable institute.
HiFiBiO Therapeutics receives $67m in Series C funding
HiFiBiO Therapeutics, a drug developer led by the former head of Asian cancer research at Sanofi, has completed a $67 million Series C funding round.
IDG-backed Superdata files for Hong Kong IPO
Superdata Software, a Chinese enterprise management software provider that has been backed by different IDG Capital entities for more than 20 years, has filed for an IPO in Hong Kong.
DSG exceeds target for third India, Southeast Asia fund
DSG Consumer Partners has reached a final close of $65 million on its third fund focused on early-stage consumer opportunities in India and Southeast Asia, beating its hard cap of $60 million.
Tencent invests $125m in Chinese online comic platform
Tencent has invested $125 million in Kuaikanmanhua, a China-based publishing platform for comics. This is the company’s fifth round of funding in four years.
Q&A: Choson Exchange's Geoffrey See
Geoffrey See is an advisor on Korean Peninsula affairs to the World Economic Forum and a serial tech entrepreneur who helps incubate start-ups in North Korea through his organization Choson Exchange
Korea cross-border consumer: Dining out
Restaurant chains can potentially ride on the tailwinds generated by demand for Korean cultural exports, but strong execution is ultimately the key factor in overseas expansion
Everstone invests in India's Translumina
The Everstone Group has invested in Translumina Therapeutics, a global manufacturer of medical devices based in India.
Grab commits $500m to Vietnam tech ecosystem
Grab, a Southeast Asia-focused ride-hailing app operator backed by a number of PE and VC firms, has committed to invest $500 million in Vietnam’s technology ecosystem in the next five years.