Region
Fundamentum raises $227m for India growth-stage tech fund
The Fundamentum Partnership, an India-based growth-stage technology investment firm established by Infosys co-founder Nandan Nilekani and Helion Venture Partners co-founder Sanjeev Aggarwal, has closed its second fund on USD 227m.
Korea medical tech start-up raises $20m Series B
Korea’s Airs Medical, a healthcare technology provider active in diagnostics software and robotics, has raised USD 20m in Series B funding from Klim Ventures, Q Capital Partners, and Hanwha Life Insurance.
China luxury goods player Secoo gets private equity bailout
Secoo Holding, a US-listed Chinese luxury goods retailer that has seen its stock price fall by 95% since the start of 2020 and has filed for bankruptcy twice in the past eight months, has received USD 4m in funding.
Australia's PEP buys traffic management business
Pacific Equity Partners (PEP) has acquired a majority stake in Altus Group, which claims to be Australia’s largest provider of traffic management services.
Winreal hits $150m first close on China tech fund
Winreal Investment, a China-based venture capital firm established by a former chief engineer at domestic telecom equipment provider ZTE Corporation, has reached a first close of CNY 1.3bn (USD 150m) on its latest renminbi-denominated fund.
NZ Super, ACC exit Kiwibank via $1.3b NZ government buyout
New Zealand Superannuation Fund (NZ Super) and Accident Compensation Corporation (ACC) have exited state-owned Kiwibank at an implied valuation of NZD 2.1bn (USD 1.3bn).
Korea's KIC names Hoon Lee as CIO
Korea Investment Corporation (KIC) has appointed Hoon Lee, previously head of its investment strategy and innovation division, as CIO.
China Merchants Group backs CDMO player Porton Advanced
Three entities under China Merchants Group (CMG) have led a USD 80m Series B round for Porton Advanced Solutions, a local contract development and manufacturing organisation (CDMO) that focuses solely on gene and cell therapy services.
Blackstone part-exits Indian auto components maker
The Blackstone Group has realised proceeds of INR 40.4bn (USD 506m) through a partial exit from Sona Comstar, an India-listed manufacturer of automotive systems and components that trades as Sona BLW Precision Forgings.
PE-backed Korean ride-sharing player Socar drops on debut
Socar, a Korea-based car-sharing business backed by the likes of Bain Capital, IMM Private Equity, and SoftBank Ventures Asia, traded down on debut following a KRW 101.9bn (USD 76m) IPO.
Taiwan's Cherubic closes $110m VC fund
Cherubic Ventures, which makes early-stage investments in Asia and the US, has closed its fifth fund with USD 110m in commitments. Total assets under management now exceed USD 400m.
India rural fintech player Jai Kisan raises $50m
India’s Jai Kisan, a financial technology start-up focused on digital banking in rural areas, has raised USD 50m in Series B funding from a group including DG Daiwa Ventures and Blume Ventures.
Singapore's TotallyAwesome raises $10m seed round
Singapore’s TotallyAwesome, a digital advertising start-up focused on children’s online safety, has raised a USD 10m seed round featuring US venture debt provider Partner For Growth (PFG).
Tiger Global leads Series B for India savings platform Jar
Tiger Global Management has led a USD 22.6m Series B round for ChangeJar Technologies, operator of India-based savings and investment app Jar, at a valuation of more than USD 300m.
India seaweed biotech start-up raises $18.5m
India’s Sea6 Energy, a company that cultivates and processes seaweed to make a range of bio-engineered products, has completed a USD 18.5m Series B round featuring BASF Venture Capital.
Stride closes India venture debt fund on $200m
India’s Stride Ventures has closed its second venture debt fund with USD 200m in commitments. The target was INR 10bn (USD 125m).
Korea's Kakao abandons plans for mobility unit stake sale
South Korean internet giant Kakao has abandoned plans to partially divest Kakao Mobility, its transportation division.
Korea start-up equity management platform raises $11m
QuotaBook, a South Korea-based equity management platform that helps start-ups organise their cap tables, has received USD 11m in the second tranche of a Series A round.
China carmaker SAIC raises $148m for mobility unit
Chinese carmaker SAIC Motor has raised CNY 1bn (USD 148m) to support the expansion of its mobile services unit, which last year launched a fleet of robotaxis.
Denham, Nexif sell Australia, SE Asia energy assets for $1b
Resources-focused GP Denham Capital and power infrastructure company Nexif have agreed to sell jointly held energy assets across Australia and Southeast Asia at an enterprise value of USD 1bn.
OTPP to acquire majority stake in India's Sahyadri Hospitals
Ontario Teachers' Pension Plan (OTPP) has agreed its first control private equity buyout in India, taking a majority stake in Sahyadri Hospitals and setting up a partial exit for Everstone Group.
KKR makes $1.2b exit from Indian hospital chain
KKR has exited its entire interest in Indian hospital operator Max Healthcare Institute – nearly four years after assuming control of the business by merging it with an existing portfolio company – with proceeds of approximately INR 91.9bn (USD 1.15bn)....
C2 invests $25m in Eat Just to support China expansion
C2 Capital Partners, a China-based private equity firm that focuses on consumer sector investments, has committed USD 25m to Eat Just, owner of plant-based egg brand Just Egg.
