Regions
India-focused blank check company files for US IPO
Tenzing Acquisition, a blank check company headed by New Silk Route Ventures (NSR) co-founder and CEO Parag Saxena, has filed for a $50 million IPO on NASDAQ. The firm will use the proceeds to invest in companies with a focus on businesses operating in...
China agriculture supply chain player adds $26m to Series B
Songxiaocai, a business-to-business (B2B) platform that provides agricultural wholesale services to Chinese retailers, has raised RMB180 million ($26.4 million) in the second tranche of its Series B funding, taking the overall round to RMB410 million.
China tech: Speedy returns
The emergence of a younger generation of Chinese consumers willing to pay for online content and services has shortened the path to profitability - and perhaps to IPO as well - for some start-ups
Navis to sell stake in Singapore's White Lodge Education
Navis Capital Partners has agreed to sell a 70% stake in White Lodge Education Group Services, a Singapore-based preschool and kindergarten operator, for S$13.3 million ($9.8 million).
TPG, ADIA back acquisition of agrochemicals producer Arysta
TPG Capital and Abu Dhabi Investment Authority (ADIA) have teamed up with India-listed UPL Corporation on a $4.2 billion acquisition of Arysta LifeScience, an agricultural chemicals manufacturer that originated in Japan.
KKR targets $1.56b privatization of Taiwan’s LCY Chemical
KKR is pursuing its first Taiwan privatization since 2011 – when the acquisition of Yageo Corp. was blocked, prompting questions about the government’s attitude towards PE buyouts – with a NT$47.8 billion ($1.56 billion) bid for LCY Chemical Corp.
Goldman, Alibaba lead $600m round for China's Suning Sports
Goldman Sachs and Alibaba Group have led a $600 million Series A round of funding for the sports unit of Chinese electronics retailer Suning, which holds the domestic media rights to a range of sporting competitions. The deal values the business at more...
Chinese voice AI specialist Unisound receives $89m
Unisound, a Chinese artificial intelligence (AI) solutions provider that specializes in voice recognition and language processing, has received RMB600 million ($89 million) in Series C-plus funding.
Fund focus: LPs get more choice with Denham
Denham Capital's new fund is intended to grow the GP's exposure to mining assets in Australia and other markets, while giving LPs more freedom to set their own sector allocations
Jungle targets $150m for third SE Asia VC fund
Singapore-based Jungle Ventures has launched its third Southeast Asia-focused VC fund with a target of $150 million.
Campbell Lutyens appoints two principals in Hong Kong
Campbell Lutyens has appointed James Shipperlee and Don Yoon, both of whom are currently with the firm's fund placement team, as principals in its Hong Kong office.
Deal focus: Keep makes a sport of data monetization
After raising a $127 million Series D round from the likes of Goldman Sachs and GGV Capital, Chinese fitness app operator Keep is set to find new ways of monetizing its user behavior data
CDIB backs Korean cosmetic masks manufacturer
CDIB Capital, the private equity arm of Taiwan’s China Development Financial, has invested an undisclosed sum in Korean cosmetics maker E.CIS Cosmetic (ECIS).
Blackbird leads $40m round for Australia's Culture Amp
Blackbird Ventures has led a $40 million Series D round for Culture Amp, an Australia-based company focused on analytics technology that helps enterprise customers manage staff morale and performance.
SCPE buys stake in India travel business from Naspers
Standard Chartered Private Equity (SCPE) has invested an undisclosed amount in Indian online travel company Travel Boutique Online (TBO) to acquire a stake held by South African internet conglomerate Naspers.
Coatue leads $350m round for China education player Zuoyebang
Coatue Management has led a $350 million Series D round of funding for Zuoyebang, a Chinese K-12 education platform that spun out from domestic search giant Baidu.
SE Asian corporates eye PE collaborations – AVCJ Forum
Private equity firms present attractive partnership opportunities for corporate investors in Southeast Asia as both public and private companies seek to augment their existing strengths and fuel growth strategies.
GP profile: Golden Gate Ventures
Golden Gate Ventures was founded in order to bring much-needed support to Southeast Asia’s fledgling start-up community. The firm has found success by promoting an entrepreneurial culture within its team
TPG leads $100m Series D for India’s Bigtree
TPG Capital has led a $100 million Series D funding round for Bigtree Entertainment, an India-based ticketing services company best known for its aggregator service BookMyShow.
India's OfBusiness gets $29m Series C
OfBusiness, an India-based financial technology company focused on smart financing services has received an INR2 billion ($29 million) Series C funding round led by Creation Investments and Falcon Edge.
Chinese AI player Yitu raises another $100m
Yitu Technology, a Chinese artificial intelligence (AI) start-up, has received $100 million in funding from China Industrial Asset Management (CIAM). It comes a month after the company raised a Series C-plus round of $200 million.
Advance.AI raises $50m, targets Southeast Asia expansion
A group of Southeast Asian and Chinese investors has provided a $50 million extended Series B round of funding for Advance.AI, a big data specialist with offices in Beijing, Singapore, Jakarta, and Manila.
China fintech specialist Pintec files for US listing
Pintec Technology, a Chinese financial technology business backed by Ventech China, Xiaomi Ventures, and Matrix Partners China, among others, has filed for a US IPO.
VCs see opening for Southeast Asia exits – AVCJ Forum
Venture capital firms in Southeast Asia see a growing range of exit avenues thanks to a maturing local start-up market and increasing interest from global investors.