Regions
Australia gaming, e-sports start-up gets $12m
Gamurs, a Sydney-headquartered media company specialising in gaming, e-sports, and entertainment, has secured USD 12m in Series A funding.
FidelisWorld seeks up to $300m for second Asia fund
FidelisWorld, a private equity firm that invests in digitally-enabled businesses driven by consumer demand in India, is looking to raise USD 250m-USD 300m for its second fund.
India's SphitiCap targets $500m for debut VC fund
SphitiCap, a recently established early-stage VC firm in India, has announced the launch of its debut fund targeting USD 500m.
Hillhouse launches China incubation unit
Hillhouse Capital has introduced an incubation strategy that is intended to support China-based start-ups from incubation through the seed stage.
PayU terminates $4.7b acquisition of India's BillDesk
The USD 4.7bn acquisition of Indian payments app BillDesk by industry peer PayU – which was poised to facilitate exits for the likes of TA Associates, General Atlantic, and Temasek Holdings – has collapsed.
GIC leads Series C for India EV maker Euler
GIC has led a USD 60m Series C round for Euler Motors, an India-based manufacturer of commercial electric vehicles (EVs), at a valuation of USD 200m.
Japanese LPs: Expectation vs reality
Japan’s LP community is an alluring target for global private equity managers, even as currency depreciation and a cultural aversion to risk remain obstacles in the short and long term
Q&A: Mayer Brown's Soumitro Mukerji
Soumitro Mukerji, a partner in the banking and finance practice at Mayer Brown in Singapore, explores potential drivers of increased fund finance activity in Asian private equity
Deal focus: GPs pile into US-India tech corridor
US and India-based Accion Labs continues to collect private equity backers as it further globalises its IT services offering. Incoming investors don’t want to shake up the winning formula
GP profile: ShawKwei & Partners
Helping Asian manufacturers climb the product value chain and lock in multinational customers is a key part of the ShawKwei & Partners thesis. It sees no reason to change, even amid sector volatility
Brookfield commits $500m to carbon recycling specialist LanzaTech
Brookfield Renewable, a business controlled by Brookfield Asset Management, has agreed to invest USD 500m in LanzaTech, a US carbon recycling specialist with a significant Asia presence.
Singapore's ShopBack secures $80m Series F extension
Temasek Holdings-controlled investor 65 Equity Partners has led a USD 80m equity investment in Singaporean retail platform ShopBack, extending a Series F round in June.
China's Neushen Therapeutics gets $20m pre-Series A
China’s Neushen Therapeutics, a biotech developer focused on central nervous system (CNS) disorders, has raised USD 20m in pre-Series A funding led by local VC firm Lapam Capital.
Currency, exit, labour issues worry Japanese GPs - AVCJ Forum
Currency depreciation, dwindling domestic IPO opportunities, and labour shortages are all their toll on the portfolios of middle-market Japanese private equity firms, the AVCJ Japan Forum heard.
Japan’s D Capital hits third close on debut fund
D Capital, a recently established Japanese middle-market private equity firm, has achieved a third close of JPY 27bn (USD 186.4m) on its debut fund. The target is JPY 30bn.
Elev8 targets $200m for India growth-stage fund
Elev8 Venture Partners, a newly established Indian growth-stage investor, has launched its debut fund with a target of USD 200m.
Next Capital buys Australia's Compare Club
Next Capital has acquired Compare Club, which claims to be one of Australia’s largest price comparison businesses with coverage stretching across health and life insurance, utilities, mortgages, car financing, and personal loans.
Japanese GPs should target incremental gains on ESG - AVCJ Forum
Japanese private equity firms should be very targeted in implementing environment, social, and governance (ESG) policies at the portfolio company level even if the payoffs are small and accumulate over time, the AVCJ Japan Forum heard.
Singapore's Una Brands raises $30m Series B
Una Brands, a Singapore-based brand agglomeration platform that operates across Asia, has secured USD 30m in Series B funding led by Alpha JWC Ventures and White Star Capital.
BlackRock leads $300m investment in Indonesia's Traveloka
BlackRock has led a USD 300m investment in Indonesia’s Traveloka via a credit fund as expectations mount for an IPO by the travel platform.
Sequoia, ChrysCapital to exit India's Curatio
Sequoia Capital India and ChrysCapital Partners are set to exit Indian skincare brand Curatio, with Torrent Pharma agreeing to acquire 100% of the company for INR 20bn (USD 245m).
India's Molbio secures Temasek backing, becomes unicorn
India’s Molbio Diagnostics, a medical equipment maker best known for its COVID-19 testing systems, has raised a USD 85m round featuring Temasek Holdings at an enterprise valuation of USD 1.6bn.
China silicon supplier Lihao gets $305m Series B
Lihao Semiconductor, a China-based supplier of silicon materials used in solar panels, has raised CNY 2.2bn (USD 305m) in Series B funding from an investor group featuring Oceanpine Capital, V Fund, and Harvest Capital.