Regions
Sprinklr raises Series A round to launch Japan unit
US-based social media management software developer Sprinklr has raised JPY1 billion ($8.4 million) in a Series A round to support its Japan branch, with participation by Recruit Holdings and Suneight.
India taxi-booking service Ola closes Series E round at $400m
Indian taxi-booking service Ola - operated by ANI Technologies - has closed its latest Series E round of funding at $400 million, valuing the company at $2.4 billion. The round was led by DST Global.
DCM invests $3m in China’s Udesk
DCM has committed $3 million in a Series A round of funding to Udesk, a China-based customer service outsourcing business.
Carlyle raises $424m via Haier sell-down
The Carlyle Group has fully exited Chinese home appliance maker Haier Electronics Group (HEG), raising HK$3.29 billion ($424 million) through a block trade.
Hony in $1.26b CSPC Pharma share sale
Hony Capital has sold HK$9.78 billion ($1.26 billion) worth of shares in CSPC Pharmaceutical to complete its exit from the Hong Kong-listed Chinese drug manufacturer.
Asian LPs back Israel-based Viola’s $250m fund
At least six Asian investors are LPs in the latest fund being raised by Israel-based technology growth capital and buyout firm Viola Private Equity, which reached its targeted amount of $250 million.
Japan's Dentsu launches $42m corporate venture fund
Japanese advertising agency Dentsu has established a new corporate venture capital arm, Dentsu Ventures, and launched a new fund with a corpus of JPY5 billion ($42 million).
Affinity to buy Nine's Australia events business for $496m
Affinity Equity Partners has agreed to buy Australia-based Nine Entertainment’s live events and ticketing business for an enterprise valuation of A$640 million ($496 million).
NEA closes giant $2.8b global VC fund
New Enterprise Associates (NEA) has reached a final close on its 15th global flagship fund at $2.8 billion, and raised an additional $350 for a new co-investment vehicle - NEA 15 Opportunity Fund.
China’s Legend Holdings files for Hong Kong IPO
Legend Holdings, sponsor of China-focused GPs Hony Capital and Legend Capital, has filed for a Hong Kong IPO. The firm is reportedly seeking to raise as much as $3 billion.
China’s Ninebot raises $80m, acquires Segway
Ninebot, a China-based electric scooter manufacturer, has bought its US-based rival Segway for an undisclosed sum and raised $80 million in Series A funding.
India's Grofers raises $35m Series B from Tiger, Sequoia
India-based online grocery marketplace Grofers has raised a Series B round of funding worth $35 million from Tiger Global and Sequoia Capital.
L Capital faces legal action over Jones the Grocer
L Capital Asia is being sued in Singapore's high court over its decision appoint administrators to gourmet food retailer Jones the Grocer by the company's former CEO John Manos.
Accel, Recruit Holdings back Australia's 99designs
Australia-founded online design marketplace 99designs has raised $10 million in a Series B round led by Recruit Strategic Partners, with existing investor Accel Partners also participating.
Alibaba injects online pharmacy business into HK-listed unit
Alibaba Group plans to inject the operations of its online pharmacy business into Alibaba Health Information Technology (Alibaba Health), a Hong Kong-listed healthcare company that it bought alongside Yungfeng Capital last year, in a deal worth HK$19.4...
PE consortium closes in on Korea's Ticket Monster - report
A group of private equity investors including KKR is set to buy Korean e-commerce mobile app Ticket Monster from US-based Groupon in a deal that could value the company as highly as $800 million.
Temasek completes acquisition of SVB India
Singapore's Temasek Holdings has completed its acquisition of SVB India Finance for INR3 billion ($48 million) and renamed the company. It will now be known as InnoVen Capital India.
China virtual reality headset maker raises $10m
Baofeng Mojing, a Chinese virtual reality headset manufacturer, has raised $10 million in a Series A round of funding led by film producer Huayi Brothers Media.
Tiger Global leads $5m round for Indian services marketplace
Indian local services marketplace LocalOye has raised a $5 million Series A round of funding from Tiger Global Management and Lightspeed Venture Partners.
Q&A: Hera Capital's Thierry Panafieu
In six years of operation, Singapore’s Hera Capital has pursued a strategy focusing on small funds and quick deployment. Managing Partner Thierry Panafieu explains the virtues of staying small
Steady return on SE Asia infrastructure
Most of the commuters who take Malaysia’s Cheras-Kajang Highway each day likely don’t spare a thought for its operators unless they are paying a toll. It might be a source of national pride as one of the first four-lane dual carriageways in the nation,...
PE agrees $2.1b Australia energy carve-out
In the past 18 months, Apache has sold off more than $11 billion worth of assets, ranging from oil and gas interests in the Gulf of Mexico, Egypt and Argentina to liquefied natural gas projects in Canada and Australia. To this can be added the company’s...
Dianping secures $850m pre-IPO round
Having raised $850 million - the largest disclosed round for a Chinese tech start-up so far this year – in a matter of months, Dianping is now thought to be nearing an IPO. The investment values the 12-year-old company, described as a Chinese version...
Go Scale’s China angle wins Philips deal
The auction of Dutch electronics giant Philips’ LED components and automotive lighting unit that began in June of last year drew bids from a host of global buyout firms. Bain Capital and a KKR-CVC Capital Partners consortium are among those said to...