South Asia
India BNPL start-up Uni gets $70m Series A
General Catalyst has led a $70 million Series A round for Uni, an Indian buy now, pay later (BNPL) start-up that launched its flagship product just six months ago.
Flipkart, Walmart invest $145m in India's Ninjacart
Walmart and Flipkart, its Indian e-commerce platform, have doubled down on local fresh produce delivery company Ninjacart with a 145 million investment.
Advent acquires China's largest medical capsule maker
Advent International has acquired a majority stake in Guangsheng Medicinal Capsule (GS Capsule), the largest medical capsule maker in China, for an undisclosed sum.
Vision Fund 2 leads $60m Series C for India's Juspay
SoftBank Vision Fund 2 has led a $60 million Series C funding round for Juspay Technologies, an India-based financial technology start-up that specializes in digital payments.
2022 preview: Blockchain
A broader range of investors will play in the blockchain space as new applications are normalized, although regulation remains the wildcard. Developing markets will punch above their weight
2022 preview: India tech
As India’s technology sector balloons, investors are balancing confidence about fundamentals with expectations of pushback. Both will play out in 2022 to some extent
2022 preview: SaaS
Software-as-a-service continues to benefit from a digitalization push across multiple markets. Investors are looking for differentiation in a market characterized by high valuations and intense competition
2021 in review: Boom time
Cheap debt and a desire for assets that deliver technology-driven growth have propelled Asia private equity investment to new highs and supported a resurgence in exits. But fundraising still fails to convince
India's Shiprocket gets $185m Series E
Indian logistics aggregator Shiprocket has raised $185 million in Series E funding led by Lightrock India, Temasek Holdings, and Zomato.
India used car marketplace Spinny raises $283m
Spinny has followed fellow Indian automotive marketplace Droom into unicorn territory, closing a $283 million Series F round at a valuation of $1.8 billion.
India's AgroStar raises $70m Series D
Indian agriculture industry platform provider AgroStar has raised a $70 million Series D round led by Evolvence Capital, Schroders Capital, Hero Enterprise, and CDC Group.
India edtech start-up CollegeDekho raises $35m
Indian education technology start-up CollegeDekho has closed a Series B round of $35 million with support from a mix of global investors including Australia’s QIC and Abu Dhabi’s ADQ.
Valar, IA lead $40m Series B for India BNPL player
US-based Valar Ventures and IA Ventures have led a $40 million Series B round for Simpl, an Indian buy now, pay later (BNPL) provider focused on e-commerce.
Fund focus: A91 basks in India afterglow
Having increased its Fund II hard cap to $550 million in response to investor demand, the Indian manager is ready to address an Indian market that is increasingly digital, VC-exposed, and expensive
Deal focus: Serving biryani at scale
With biryani the dish of choice on India’s food delivery apps, Biryani By Kilo is looking to build out a standardized cloud kitchen model. It has $35 million in Series B funding to pursue this ambition
CDC expands Asia footprint
UK development finance institution CDC Group, already an active investor in South Asia, has announced a strategic pivot toward the broader region with a special interest in Southeast Asia.
Tiger Global, Insight lead $220m round for India's Slice
Tiger Global Management and Insight Partners have led a $220 million round for Indian financial technology provider Slice at a valuation of about $1 billion.
PE investors wary of inflation in 2022 - AVCJ Forum
Inflation is top of mind for Asia-focused private equity investors as they assess the various uncertainties facing the industry in 2022, the AVCJ Private Equity & Venture Forum heard.
RedBird joins $840m round for India's Dream Sports
RedBird Capital Partners, a US investment firm that has extensive sport exposure and several months ago picked up a stake in an Indian Premier League (IPL) franchise, has co-led a $840 million round for local fantasy sports platform Dream Sports.
India's NoBroker joins unicorn club
General Atlantic, Tiger Global Management, and Moore Strategic Ventures have participated in a $210 million Series E round for Indian real estate marketplace NoBroker at a valuation of $1 billion.
Microsoft VC unit leads $22m round for India's SalesKen
M12, Microsoft’s VC arm, has led a $22 million Series B round for SalesKen, an Indian enterprise artificial intelligence (AI) provider focused on sales-related services.
Vision Fund adds managing partners in India, China
SoftBank Vision Fund has promoted Sumer Juneja, who heads up its India investments, and Dennis Chang, a China-focused partner, to managing partner level.
India e-commerce industry financier raises $20m
Velocity, an Indian start-up that provides growth capital to e-commerce brands, has raised a $20 million Series A round led by Valar Ventures, a firm set up by PayPal co-founder Peter Thiel.
PE-backed Paytm raises $2.5b in India's largest-ever IPO
Indian digital payments platform Paytm completed the country’s largest-ever IPO – raising INR183 billion ($2.47 billion) – but then saw its stock fall 27% on debut.