Sequoia Capital India and ChrysCapital Partners are set to exit Indian skincare brand Curatio, with Torrent Pharma agreeing to acquire 100% of the company for INR 20bn (USD 245m).
India’s Molbio Diagnostics, a medical equipment maker best known for its COVID-19 testing systems, has raised a USD 85m round featuring Temasek Holdings at an enterprise valuation of USD 1.6bn.
Lihao Semiconductor, a China-based supplier of silicon materials used in solar panels, has raised CNY 2.2bn (USD 305m) in Series B funding from an investor group featuring Oceanpine Capital, V Fund, and Harvest Capital.
Boyu Capital is seeking full control of Chinese property management business Jinke Smart Services Group through a cash offer that values the Hong Kong-listed company at HKD 7.83bn (USD 998m).
Petronas Ventures, the VC arm of Malaysian oil giant Petronas, has led a USD 30m round for drone developer Aerodyne Group with support from domestic pension fund KWAP.
Indian middle market private equity firm True North has acquired a significant minority position in US and India-based IT provider Accion Labs from TA Associates for USD 93m.
Temasek Holdings has led a USD 40m Series B extension for Well-Link Technologies, a China-based provider of real-time cloud rendering solutions for game developers.
A labyrinth of logistical, cultural, competition, and business modelling challenges is curbing private equity appetite for India’s quickly modernising proletariat
With investors going cold on China artificial intelligence, Evomotion has remained popular and profitable by delivering hardware and software to corners of the market that are either overlooked or hard to access
Evomotion, a China-based artificial-intelligence-of-things (AIoT) specialist that supplies software and chips to electronic appliance makers and supermarket retailers, has raised USD 20m in Series B funding.
Polaris Capital Group has fully exited Aimechatec, a supplier of LCD panel manufacturing equipment it carved out from Hitachi in 2016 and took public last year, with proceeds of JPY 3.96bn (USD 27.6m).
Thailand’s Line Man Wongnai – a food delivery, taxi, and messaging app – has raised a USD 265m round featuring GIC at a valuation of USD 1bn. It claims to be the largest start-up locally.
Japanese flying car developer SkyDrive has raised JPY 9.6bn (USD 67m) in Series C funding featuring US-based Pegasus Tech Ventures and local strategics such as Suzuki Motor.
A KKR-led consortium has ended its pursuit of Australia-listed hospital operator Ramsay Health Care, having failed to reach an agreement on a AUD 20.1bn (USD 13.9bn) take-private that would have been among the largest private equity deals ever seen in...
Japan’s Nomura Holdings has launched a business called Laser Venture Capital that will invest in companies in the blockchain and digital assets space.
Join Ventures, an India-based company that owns a portfolio of direct-to-consumer gifting brands, has raised USD 23.5m in Series B funding led by Motilal Oswal Alternate Investment Advisors.
Cambodia’s Amara Capital has agreed to invest an undisclosed sum in local restaurant and hotel group Thalias Hospitality.
Korea’s Seoul Robotics, which specialises in computer vision for 3D sensors used by autonomous cars, has raised a USD 25m Series B round led by KB Investment.
China-based energy storage company WeView has raised CNY 400 million (USD 57m) from a group including Gaorong Capital, Green Pine Capital Partners, and ZhenFund.
Chinese semiconductor packaging and testing company Shangda has raised a Series A extension of CNY700m (USD 99m) co-led by three government-backed funds.
Advent International has acquired a 60% stake in health food restaurant chain Wagas Group from its founders.
Singapore-based VC firm TNB Aura has led a SGD 45m (USD 32m) round for local consumer electronics brand Prism+ ahead of a Southeast Asia expansion.
Indian private equity firm Creaegis has led a USD 75m Series C round for local insurance technology provider Zopper.
Indian growth-stage investor The Fundamentum Partnership has led a USD 21.8m Series B extension for audio platform Kuku FM.