Paragon Partners has led a $20 million Series C funding round for India-based Chai Point, a chai tea store operator that claims to be the country’s largest brand in its category.
Sequoia Capital China has led a RMB300 million ($48 million) Series C round of funding for PatPat, a China-based e-commerce platform operator that exports maternal and infant products overseas.
The International Finance Corporation (IFC), the investment arm of the World Bank, has co-led a $22 million Series C round for Indian online insurance marketplace Coverfox.
Bullishness around Indonesia’s young online economy has been encouraged by a handful of VC-backed homeruns and promising demographics. Achieving scale in new business models remains a sticking point
Alibaba Group has agreed to invest RMB4.5 billion ($717 million) in Huitongda Network, a private equity-backed online retailer that focuses on China’s rural areas.
TR Capital has completed secondary direct investments in two India-based businesses, microfinance specialist Arohan Financial Services and eyewear chain Lenskart Solutions.
Singapore-based household automation technology developer Zimplistic has raised a $30 million Series C funding round led by Credence Partners and EDBI.
Malaysian government-backed PE firm Ekuinas has acquired a controlling stake in Flexi Versa Group (FVG), a Southeast Asian contract manufacturer catering to global consumer electronics brands.
Samena Capital has invested in Imperativ Hospitality, an India-based budget hotel management company that operates under the Bloom Hotels brand.
Indian conglomerate Reliance Industries has agreed to invest up to $180 million for a 73% stake in Embibe, a domestic educational technology start-up backed by Kalaari Capital and Lightbox Ventures.
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a $55 million commitment to Bangladesh-based food and beverage producer Pran Group.
China Jianyin Investment, a government-controlled investment group, has teamed up with a fund backed by CITIC Group to acquire a majority stake in vitamins supplier Australia Nature’s Care Biotech (ANCB).
Ocean Link, a travel and tourism-focused GP, has confirmed it submitted a competing bid for eHi Car Services, a Chinese car rental business that recently agreed to be privatized by a consortium comprising its chairman and other PE investors.
Huya, a Chinese game broadcasting business that spun out from social networking platform YY and raised capital from Tencent Holdings and several VC investors, has filed for an IPO in the US.
CHAMP Private Equity took two divisions of Constellation Brands and turned them into a diversified portfolio of premium wine brands. It has secured a more than 5x money multiple for its efforts
Saama Capital has closed its fourth India VC fund at the hard cap of $100 million, just over a year after closing its third vehicle at $57 million.
Pavilion Capital, a private equity unit of Singapore’s Temasek Holdings, has agreed to invest $50 million in an education fund that will support various country-specific preschool acquisition programs.
A consortium including MBK Partners and Baring Private Equity Asia has agreed to buy US-listed eHi Car Services, China’s second-largest car rental services business, for an enterprise valuation of $937.5 million.
IMM Private Equity has committed KRW60 billion ($56 million) to Socar, a car sharing company based in South Korea.
Zilingo, an online fashion marketplace focused on Southeast Asia, has raised a $54 million Series C round led by Burda Principal Investments, Sequoia Capital India and Sofina.
CHAMP Private Equity has agreed to sell Accolade Wines, which over the course of seven years it has turned into Australia’s largest wine producer, to The Carlyle Group for A$1 billion ($770 million).
Meituan-Dianping, China’s largest online-to-offline (O2O) local services platform, has agreed to buy full control of bike-sharing company Mobike. Both companies are backed by Tencent Holdings and have received substantial private equity funding.
Qiming Venture Partners has rehired a former partner, Steven Hu (pictured), as a partner focused on investment in the internet and consumer sectors.
SoftBank Group and Alibaba Group have invested $445 million in Paytm Mall, the e-commerce arm of Indian online payments platform Paytm.