Kream, a Korea-based sneaker reselling business controlled by domestic internet giant Naver, has announced plans to raise KRW 170bn (USD 84m) from Altos Ventures, Mirae Asset, and its parent company.
Quadrant Private Equity has closed a AUD 255m (USD 165m) single asset continuation fund for MotorOne, an Australia-based automotive after-market services provider it has owned since 2016.
Investors are increasingly drawn to the structural nuances, sticky customer bases, and long tail of ancillary opportunities that exist around professional sports. Asia’s role is small but growing
Plum, a China-based online retailer specialising in second-hand apparel and accessories, has raised USD 100m series C funding led by Zhuanzhuan Group, another used goods marketplace.
China-based venture capital firm Bright Capital has raised CNY 1bn (USD 137m) across two funds - its third renminbi-denominated vehicle and its first US dollar fund.
Warburg Pincus and Malabar Investments have injected USD 60m into boAT, an India-based manufacturer of wearables and other electronic devices that was previously on track for an IPO.
India’s Jashvik Capital, a private equity firm set up by Naresh Patawari, formerly a partner at TA Associates, has achieved a first close of undisclosed size on its debut fund. The target is USD 350m.
Temasek Holdings-backed 65 Equity Partners has invested SGD 150m (USD 107m) in Singapore’s Cityneon, a company that markets entertainment brands by staging elaborate events, displays, and exhibitions.
Temasek Holdings-owned Pavilion Capital has joined a USD 7m round for Singapore’s Partipost, which claims to be Asia’s fastest-growing crowd influencer marketing and commerce platform.
Globis Capital Partners has led JPY 3.3bn (USD 22.1m) Series C round for Japan’s Trend Express, a cross-border marketing and data analysis platform focused on Japan-China tourism.
India’s Ather Energy, a two-wheel electric vehicle (EV) brand, has raised about USD 50m from existing investors, extending its Series E round to around USD 178m.
Nourish Ingredients, an Australia-based alternative protein start-up that uses synthetic biology to produce animal-free fats, has raised USD 28.6m in Series A funding.
Japan’s Advantage Partners has hired Rahul Bhargava, previously of ADV Partners, as a partner and co-head of Asia ex-Japan. It coincides with the acquisition of a Japanese jewellery industry supplier.
Korea-headquartered pizza chain Gopizza has raised USD 25m in Series C funding from new and existing backers to drive an India expansion.
India’s Fireside Ventures has soaked up rising domestic investor appetite for start-ups with an outsized third vintage, claiming that its consumer brands thesis is beginning to bear fruit
Indian education technology provider Byju’s has raised USD 250m from existing investors with plans to expand its international business. Funding raised this year alone now tops USD 1bn.
Google has joined a INR 2.7bn (USD 35m) round for Adda247, an education technology start-up that claims to be India’s largest vernacular language exam preparation platform.
Fireside Ventures, a consumer brands-focused Indian VC firm established by Kanwaljit Singh, co-founder of Helion Venture Partners, has closed its third fund on INR 18.3bn (USD 225m).
Black Ant Capital, also known as BA Capital, has closed its third renminbi-denominated fund on CNY 2.5bn (USD 349m), with commitments from independent fund-of-funds, government guidance funds, insurers, and corporates.
Motilal Oswal Alternates (MO Alts), formerly Motilal Oswal Private Equity, has invested INR 2.2bn (USD 28m) in India’s Asian Footwears, which produces several shoe brands.
Insignia Ventures Partners has provided USD 10m in Series A funding to Thailand’s Konvy, a 10-year-old beauty e-commerce start-up.
Thai restaurant delivery app Line Man Wongnai has leveraged the massive messaging service penetration of its parent company to position itself for what is hoped to be a breakthrough IPO
FidelisWorld, a private equity firm that invests in digitally-enabled businesses driven by consumer demand in India, is looking to raise USD 250m-USD 300m for its second fund.
Temasek Holdings-controlled investor 65 Equity Partners has led a USD 80m equity investment in Singaporean retail platform ShopBack, extending a Series F round in June.