Regions
India virtual events platform gets $35m Series B
Airmeet, a US-headquartered and Asia-focused virtual events platform with extensive operations in India, has raised USD 35m in Series B funding featuring Sequoia Capital India.
Proterra establishes Asian oat milk brand
Proterra Investment Partners, a private equity firm that targets natural resources like food and agriculture, has launched an oat milk brand for the Asian market.
India blockchain player Polygon gets $450m
Sequoia Capital India has led a USD 450m investment in Polygon, an Indian platform for building, scaling and connecting Ethereum-compatible blockchain networks.
India BNPL start-up Mintifi raises $40m Series C
Norwest Venture Partners and Elevation Capital have led a USD 40m Series C round for Indian B2B buy now, pay later (BNPL) platform Mintifi.
India's Kedaara creates digital services platform
India’s Kedaara Capital is forming an outsourced digital services platform through the merger of Gavs Technologies and Great Software Laboratory (GS Lab), having acquired majority interests in the two companies over the past three months.
KKR leads $180m round for Singapore's Livspace
KKR has led a USD 180m round for Singapore-based omnichannel home interiors renovation platform Livspace at a valuation of at least USD 1bn.
AVCJ Awards 2021: Special Achievement: Weijian Shan
Weijian Shan, CEO of PAG, discusses rising valuations, the implications of China’s regulatory crackdown, heightened sensitivity around social responsibility, and escalating fund sizes
AVCJ Awards 2021: Firm of the Year – Mid Cap: Quadrant Private Equity
Quadrant Private Equity’s recent deals have focused on defensive, non-cyclical sectors, but the Australian GP continues to track a consumer story driven by technology and new modes of delivery
AVCJ Awards 2021: Fundraising of the Year - Venture Capital: 5Y Capital
5Y Capital’s history encompasses early bets on change across mobile internet, smart cars, and biotech in China. The VC firm remains committed to challenging consensus views
Asia agglomeration: Strength in numbers?
PE-backed agglomeration platforms are looking to buy up consumer brands in Asia with a view to leveraging the might of the collective. The model requires discipline in selection and execution
Q&A: AirTree Ventures’ John Henderson
Q&A: AirTree Ventures’ John Henderson DECK Australia-based AirTree Ventures has established a crypto-focused vehicle alongside its latest fund. John Henderson, a partner at the firm, explained how they think about the Web3 opportunity
Deal focus: NPX adds tech to Korea’s culture thesis
NPX Capital is creating a US-based media platform to tap rising global appetite for Korean entertainment. Early acquisitions emphasise artificial intelligence, virtual reality, and the metaverse
Deal focus: Fourier brings robotics to rehab
China-based Fourier will use its USD 63m Series D round to support an evolution of its business model from manufacturing rehabilitation robots to providing end-to-end treatment services
China's Taichi Graphics raises $50m
Taichi Graphics, a China-based 3D digital content creation platform has raised a USD 50m Series A led by Source Code Capital, GGV Capital and BAI. Existing investor Sequoia Capital China re-upped.
Affirma buys Singapore preschool chain
Affirma Capital has acquired Singaporean premium preschool operator Little Paddington for an undisclosed sum.
VCs invest in Japan sports analytics start-up
Global Brain has joined a JPY 770m (USD 7m) pre-Series B round for Japan’s Run.Edge, a sports video search and analytics platform.
Gobi-managed Alibaba Entrepreneurs Fund hits first close
Alibaba Entrepreneurs Fund II, a Greater Bay Area-focused vehicle managed by Gobi Partners, reached a first close of USD 100m at the end of June 2021 and total commitments now stand at USD 120m.
Apollo commits $125m to India's Hero FinCorp
Apollo Global Management has invested USD 125m in Hero FinCorp, an Indian non-banking financial company (NBFC) controlled by local two-wheeler manufacturer Hero Motorcorp.
Tiger Global leads $40m round for India's Loadshare
Tiger Global Management has led a INR 3bn (USD 40m) Series C round for Indian logistics platform LoadShare.
LionRock launches Hong Kong SPAC
LionRock Capital, an Asian private equity firm that invests in global consumer brands with a China growth angle, is among the first group of sponsors launching special purpose acquisition companies (SPACs) in Hong Kong.
India edtech player Scaler raises $55m
Lightrock India has led a USD 55m Series B round for Scaler Academy, an Indian education technology start-up that operates an upskilling platform focused on IT professionals.
China second-hand luxury goods platform Ponhu raises $45m
Ponhu, a China-based second-hand goods trading platform specialising in the luxury segment, has raised USD 45m in an extended Series C round led by Hedgestone Capital.
India's Chargebee gets $250m, valuation more than doubles
Tiger Global Management and Sequoia Capital India have co-led a USD 250m round for Indian financial technology provider Chargebee, more than doubling its valuation in 10 months to USD 3.5bn.