Dymon Asia Private Equity (DAPE) has submitted a take-private offer for Singapore-listed digital marketing services provider Challenger Technologies that values the company at about S$195 million ($145 million).
Indian educational technology provider Byju’s has raised a INR2.14 billion ($31 million) round of funding from existing investors General Atlantic and Tencent Holdings.
East Ventures has joined a Series A investment of undisclosed size in Indonesian car sales platform operator Mobilkamu.
Sequoia Capital India has led a $7.6 million round for Indonesian logistics services provider Kargo Technologies.
Up Fintech, an online brokerage firm focused on global Chinese investors that operates in Asia as Tiger Brokers, gained more than 36% in its first day of trading on NASDAQ after raising $104 million in its IPO.
Insta360, a China-based camera maker specializing in immersive imaging and virtual reality applications, has raised a $30 million funding round from a group of investors including Everest Venture Capital.
Korean car makers Hyundai Motor and Kia Motors have agreed to invest $300 million in Ola, an Indian ride-hailing platform backed by a number of PE and strategic investors.
Indian cloud-based payments platform operator Pine Labs has agreed to pay $110 million for Qwikcilver, a gift card technology provider backed by several VC and strategic investors including Accel Partners, Helion Venture Partners, Amazon, and Sistema...
Malaysian government-backed private equity firm Ekuinas has acquired a 40% stake in domestic cloud services provider Exabytes Capital Group for MYR44 million ($10.8 million).
Singapore-based digital payments service provider InstaRem has closed its Series C round with $41 million from a group of investors including Vertex Growth Fund and South Korea’s Atinum Investment.
Tookitaki, a Singaporean technology provider that helps institutions develop regulatory compliance programs, has raised a $7.5 million Series A from a group of investors including Jungle Ventures.
The Carlyle Group has agreed to invest RMB726 million ($108 million) for a 10% stake in Chinese home textiles maker Luolai Lifestyle Technology.
Warburg Pincus has agreed to acquire an 80% stake in Avanse Financial Services, an India-based non-banking finance company (NBFC) focused on education.
M12, the VC arm of Microsoft, has led an approximately $21 million Series B round for GO1, an Australian workforce services technology start-up focused on corporate training.
Vietnam’s VinaCapital has made investments of undisclosed size in two local start-ups - financial technology provider Wee Digital and marketing services player UrBox.
The Blackstone Group has made its first transaction in Japan, agreeing to acquire Ayumi Pharmaceutical Corporation from Unison Capital and medical information site operator M3.
Yijiupi, a China-based online B2B trading platform that established itself in liquor before expanding into other consumer goods categories, has raised 100 million in an extended Series D round from Warburg Pincus.
CLSA Capital Partners (CLSA CP) has agreed to buy Bloom Group, a Japanese toy manufacturer best known for its “squishy” products popular among elementary and middle-school-age girls.
VisVires New Protein, a Singapore-based VC firm specializing in food technology has led a $5 million round for Nutrition Innovation, a domestic start-up focused on healthier sugar production.
Homeplus, a South Korean supermarket retailer that an MBK Partners-led consortium acquired from Tesco for $6.4 billion in 2015, has abandoned plans for the IPO of a real estate investment trust (REIT).
Hangzhou Guochen Robotic Technology, a Chinese company that manufactures intelligent service robots and incubates start-ups in this field, has raised RMB100 million ($15 million) in a Series A round led by domestic VC firm Yingshi Jijin.
Private equity firms are deploying increasing amounts of capital into Chinese internet plays without having a clear understanding of what the target businesses are worth or how to add value to them, according to Bain & Company.
Acko General Insurance, an Indian online insurance broker with several VC and strategic backers, has raised $65 million from a group of new and existing investors.
Japan-based Infinity Ventures has launched its fourth fund focused on Japan and China with a target of $120 million.