Regions
VCs invest $13m in Indian payroll services player
Niyo Solutions, an Indian financial technology company specialized in payroll services, has raised a $13.2 million Series A round from a group of VC firms, including Hong Kong’s Horizons Ventures.
CITIC Capital completes Axilone acquisition
CITIC Capital has completed the acquisition of Axilone, a Europe-headquartered packaging supplier to the cosmetics industry. The deal facilitates an exit for Oaktree Capital Management.
KKR media platform buys India cartoon studio
Emerald Media, a pan-Asian media and entertainment platform backed by KKR, has acquired a majority stake in Cosmos-Maya, an animation studio based in Singapore and India.
China co-working space start-up gets $92m
Kr Space, a China-based co-working space operator, has received RMB600 million ($92 million) in a pre-Series B round of funding from its existing investors.
CDC completes exit from India’s Ujjivan
UK-based development finance institution CDC Group has fully exited Ujjivan Financial Services, the listed holding company for Ujjivan Small Finance Bank, realizing more than INR4 billion ($63.4 million) since it began trimming its stake last year.
Deal focus: VCs fuel Canva’s growth designs
Australia's Canva achieves a $1 billion valuation following a $40 million round led by Sequoia Capital China
Hyundai joins round for Southeast Asia's Grab
South Korean automaker Hyundai has joined the latest funding round for Southeast Asia-based ride-hailing platform Grab. The move comes five months after Toyota also backed the company.
Accel, Elevar in $24m round for Indian NBFC
Indian non-banking financial services company (NBFC) Samunnati has raised an INR1.5 billion ($23.5 million) funding round from investors including Accel Partners and Elevar Equity.
VCs in $146m Series A round for China’s Black Fish
Black Fish, a Chinese online consumer finance platform, has raised a RMB950 million ($146 million) Series A round from Lightspeed China Partners, Morningside Venture Capital, Jafco Asia, and Gobi Partners.
Tiger Global, TAL invest $100m in China’s Dada ABC
Tiger Global Management and TAL Education have invested $100 million in a Series C round of funding for Dada ABC, an online K-12 English education platform based in China.
Grey Mountain buys pallet business from Australia's Brambles
Australian container supplier Brambles has agreed to sell its North American recycled pallet business to Grey Mountain Partners, a US-based mid-market GP, for an enterprise value of $115 million.
CDH backs Chinese healthcare AI business
CDH Investments has invested in Huiyi Huiying (HY), a Beijing-based start-up that offers artificial intelligence-based (AI) medical imaging diagnosis. Financial terms were not disclosed.
Technology: The unavoidable angle
Technology is directly or indirectly redefining business models across Asia. Private equity investors must embrace change or risk seeing returns damaged as portfolio companies are disrupted
Japan's J-Star invests in restaurant, auto businesses
J-Star has acquired a majority stake in Japanese restaurant operator Section Eight and invested in new and pre-owned car dealer Sanwa Service.
Hony launches $300m Belt and Road fund, invests in Kazakhstan
Hony Capital has partnered with its portfolio company China Glass Holdings (CGH) to launch a $300 million fund that will invest in glass production projects in countries covered by the One Belt One Road (OBOR) initiative.
KV Asia backs MBO of Malaysian education group
KV Asia Capital has supported a management buyout of APIIT Education Group, the holding company for several primary, secondary and tertiary education assets in Malaysia, from Ekuinas for an enterprise valuation of MYR725 million ($180 million).
Baidu, Singapore's AMI launch $200m auto tech fund
Chinese internet giant Baidu has launched a $200 million fund with Singapore technology conglomerate Asia Mobility Industries (AMI) that will focus on autonomous driving and intelligent transportation.
Warburg Pincus, Genesis invest $120m in China's Zhangmen
Warburg Pincus and Genesis Capital have committed $120 million in Series D funding to Chinese online tutoring platform Zhangmen.
Australia's Canva raises $40m, achieves $1b valuation
Australian graphic design platform provider Canva has raised a $40 million funding round led by Sequoia China. The investment values the company at $1 billion.
China’s Hony Capital to set up mutual fund unit
Hony Capital is poised to become the latest Chinese private equity firm to enter the mutual fund business.
GGV, Joy Capital lead $50m round for China’s 91Xinshang
GGV Capital and Joy Capital have jointly led a $50 million Series C round of funding for 91Xinshang, a secondhand luxury goods trading platform in China.
Tencent, Orchid Asia back China music learning platform
VIP Peilian, a Chinese online music tutoring platform, has completed a Series B round of funding led by Tencent Holdings and Orchid Asia.
China's BaishanCloud gets $50m Series C
BaishanCloud, a Chinese data services company with a presence in the US, has closed a $50 million Series C funding round led by Alpha Capital and Chunjia Capital.
IFC-backed Bandhan files for India IPO
Bandhan Bank, the commercial banking subsidiary of India’s Bandhan Financial Services (BFSL), has filed for an IPO that will provide a partial exit for the International Finance Corporation (IFC).