Regions
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.
Mobility: Batteries and beyond
The electrification of transportation has created a wealth of opportunities in energy saving and storage. Investors across Asia – led by China – are looking at batteries and other technologies
Energy transition case study: Hermina and AIG
Healthcare is not a particularly energy-intensive industry, but specialists such as Quadria Capital are tightening up operations where possible at hospitals
Energy transition case study: The Arnott’s Group
Having acquired Australian snacks producer The Arnott’s Group under its long-dated strategy, KKR hopes to make an enduring impact on sustainable sourcing and energy conservation
Energy transition case study: Beyonics
Precision manufacturer Beyonics has cut back on truck journeys, switched to gas-fired power, and automated its factories – in the pursuit of efficiencies rather than as part of a specific energy agenda
Energy transition case study: Towngas Smart Energy
Towngas Smart Energy wants to offer solar and energy management solutions to its existing piped gas customers across China’s industrial parks. Affinity Equity Partners is supporting the rollout
Energy transition case study: GLP
GLP’s sprawling warehousing and transport interests offer a unique view of the myriad energy issues that permeate the logistics value chain. Tech and common sense are the primary maintenance tools
Alternative fuels: Burning questions
From the landfill to the inside of atoms, the alternative fuels angle on energy transition gives investors a range of risk profiles to consider. Developed economies are the primary playgrounds
Partners Group appoints Japan private equity head
Partners Group has initiated full-scale coverage of Japan’s private equity market with the recruitment of Tatsuya Ochi to lead local operations for the asset class.
Carlyle backs Japan medical technology player
The Carlyle Group has committed JPY 7bn (USD 52.2m) to CureApp, a Japan-based developer of software for use in the treatment of medical conditions, as part of the company’s Series G round.
China e-commerce SaaS player Dianxiaomi raises $150m
Chinese e-commerce software-as-a-service (SaaS) provider Dianxiaomi has secured a USD 110m Series D round led by SoftBank Vision Fund 2 and Sequoia Capital China.
China blockchain developer Bit raises $13m
Bit, a China, Singapore, and US-based blockchain infrastructure provider set up by former employees of Tencent Holdings, has raised USD 13m in Series A funding led by CMB International.
Asia renewables: Building out
A surge in renewable energy development is expected in the wake of most Asian jurisdictions making net-zero commitments. Investors are bullish on the macro picture but cautious on the detail