Region
Fund focus: Lightspeed ramps up in India, Southeast Asia
Lightspeed Venture Partners is leaning hard into developing Asia with long-range vision, added operational resources, and a new USD 500m war chest
Deal focus: Seeing light at the end of the COVID-19 tunnel
Taiwan travel start-up KKday continues to raise capital seemingly on its own terms despite flights remaining largely grounded. It expects a boom toward year-end and near-normalcy in 2023
GP profile: Falcon House Partners
Falcon House Partners is one of the few survivors in Indonesia’s promising but challenging middle-market private equity space. Being hands-on is part of the secret
Deal focus: SJL fills Korea's cross-regional gap
Steve Lim launched SJL Partners to help Korean corporates pursue M&A in the US and Europe, having seen global GPs pass on such opportunities. Meridian Bioscience is the latest addition to the portfolio
Asia logistics: Cost and complexity
Investment opportunities are expected to emerge as companies look to technology as a means of easing inflationary pressure on supply chains. Will Asia’s shallow pool of specialist logistics GPs deepen?
Australia's Fortitude exits Shopper Media to Woolworths
Australian grocery giant Woolworths has agreed to buy Shopper Media Group, an out-of-home digital advertising business with 2,000 screens across more than 400 shopping centres, for approximately AUD 150m (USD 102m).
India blockchain player raises $100m Series A
India’s 5ire, a one-year-old blockchain infrastructure provider focused on promoting sustainable crypto-relate practices, has raised USD 100m in Series A funding at a valuation of USD 1.5bn.
Glade Brook leads $20m round for Indonesia's Kitabeli
Glade Brook Capital Partners has led a USD 20m round for Kitabeli, which claims to be the largest fast-moving consumer goods social commerce platform in Indonesia’s lower-tier cities.
ANZ withdraws from MYOB acquisition talks
Australia and New Zealand Banking Group (ANZ) has ended its pursuit of KKR-owned Australian accounting software provider MYOB just days after confirming talks over a potential acquisition.
Australia customer reviews specialist gets $26m Series A
Okendo, an Australia-founded customer review platform for e-commerce brands, has received USD 26m in Series A funding led by US venture capital firm Base10 Partners.
Australia retail AI player raises $30m
Tiger Global Management has led a USD 30m Series B round for Australia’s Hivery, an artificial intelligence (AI) developer for the retail industry.
Japan's MPower backs construction workers' platform
Japanese environmental, social, and governance (ESG) focused private equity firm MPower has led a JPY 1.8bn (USD 13.4m) investment in Sukedachi, a jobs platform for construction workers.
China's Miss Fresh brings in state backer at knock-down valuation
Chinese online grocery delivery platform Miss Fresh, which went public on NASDAQ 12 months ago with a market capitalisation of around USD 3bn, has sold a minority stake to a state-owned enterprise at a valuation of USD 90m.
India SaaS player Detect Technologies closes $28m Series B
Detect Technologies, an India-based software-as-a-service (SaaS) start-up with a suite of artificial intelligence-enabled products that help enterprise customers assess risk exposure, has raised USD 28m in Series B funding.
China GPU chip developer Iluvatar raises $149m
Iluvatar CoreX, a Shanghai-based designer of chips used in cloud computing, has raised CNY 1bn (USD 149m) across two additional tranches of Series C funding. The first tranche closed on CNY 1.2bn in March 2021.
Global Brain leads $14.5m round for Japan's SmartBank
Japan’s Global Brain has led a JPY 2bn (USD 14.5m) Series A round for SmartBank, a local start-up that provides prepaid Visa cards and accompanying expense management apps.
India credit card player OneCard raises $100m
India’s OneCard, which operates a credit scoring platform and issues own-branded credit cards, has raised a USD 100m round led by Temasek Holdings.
Canada's AIMCo to establish Asia base in Singapore
Alberta Investment Management Corporation (AIMCo), a Canadian pension plan with CAD 168.3bn (USD 127.9bn) in assets under management, has chosen Singapore over Hong Kong for its first Asia office.
TGVest helps Taiwan's KKday lift Series C to $95m
Taiwanese e-commerce and travel platform KKday has closed a protracted Series C capital raising process with USD 95m. Local private equity firm TGVest Capital led the latest tranche.
Hong Kong's Animoca Brands raises another $75m
Hong Kong’s Animoca Brands – a start-up with interests spanning gaming and the metaverse – has raised USD 75.3m from several VC firms. It brings total funding in the past eight months to about USD 500m.
KKR explores sale of Australia's MYOB to ANZ
Australia and New Zealand Banking Group (ANZ) has confirmed it is in negotiations with KKR over the potential acquisition of Australia-based accounting software provider MYOB.
IDG leads $100m Series A for China's Xpeng Robotics
IDG Capital has led a USD 100m Series A round for Xpeng Robotics, a smart robot developer affiliated to US and Hong Kong-listed Chinese electric vehicle (EV) manufacturer Xpeng.
Philippines venture builder, Ayala engineer health-tech merger
917Ventures, a corporate venture builder controlled by Philippines-based telecom operator Globe Group, has merged its KonsultaMD telehealth platform with assets held by Ayala Corporation to create a one-stop health super app.
