DayDayCook, a China-focused direct-to-consumer brand that started as a cooking-themed video platform, has agreed to merge with a US-listed special purpose acquisition company (SPAC) at an enterprise valuation of $300 million.
Kuaikan, China’s largest publishing platform for comics, has raised $240 million from CCB International, Korean mobile app marketplace One Store, Tencent Holdings, Coatue Management, and Tiantu Capital.
The use of blockchain to create digital assets has evolved from the mass circulation of ethereal, volatile, and interchangeable tokens into something that feels much more real
VerSe Innovation, operator of Indian news app Dailyhunt, has raised $450 million in Series I funding featuring The Carlyle Group at a valuation of about $3 billion.
Dream Sports, operator of India’s largest fantasy sports platform, has established a $250 million venture capital unit that will invest in sports, gaming, and fitness-tech start-ups nationwide.
The Indian social networking platform has seen its valuation grow more than fourfold in the past year, helped in no small part by the rise of short video offering Moj as an alternative to TikTok
India’s Chiratae Ventures has realized its largest-ever exit in terms of multiple with a zero-to-one leap of faith for local gaming studio PlaySimple
Temasek Holdings, Moore Strategic Ventures, and Mirae Asset Global Investments have led a $145 million Series F round for Indian social media platform ShareChat at a valuation of $3 billion.
Kdan Mobile Software, a Taiwanese software-as-a-service company focused on corporate video and design services, has raised a $16 million Series B round featuring WI Harper Group.
Pratilipi, a literature, comics, and audio storytelling platform with service in 12 Indian languages, has raised a $48 million Series D that will see the start-up branch into gaming.
Tiger Global Management has led a $144 million Series D round for Indian social e-commerce start-up DealShare.
Indian game studio PlaySimple has been acquired for about $360 million by Sweden’s Modern Times Group (MTG), setting up exits for Elevation Capital and Chiratae Ventures.
NewQuest Capital’s acquisition of Cosmos-Maya from KKR-backed Emerald Media punctuates a crystallizing opportunity set in Indian animation. The next step is going global
Winzo, and Indian gaming platform focused on online pool, rummy, poker, and fantasy sports has raised a $65 million Series C round led by US-based Griffin Gaming Partners.
Hong Kong’s Animoca Brands, a gaming company focused on blockchain-based non-fungible tokens (NFTs), has raised $50 million from a group including Gobi Partners and a VC unit of Samsung.
Direct secondaries specialist NewQuest Capital has acquired Indian animation studio Cosmos-Maya from Emerald Media, an Asian media platform backed by KKR.
RedBird Capital Partners, a US investment firm that has backed numerous sports franchises globally, has made its first foray into cricket by picking up a 15% stake in Indian Premier League (IPL) team Rajasthan Royals.
Insight Partners and Tiger Global Management have led a $70 million Series B round for Apna, an Indian professional networking and jobs platform.
Australian mid-market GP Mercury Capital is on course to exit local B2C mobile messaging platform MessageMedia after Sweden-based Sinch agreed to acquire the company for $1.3 billion.
Japanese advertising agency Dentsu Group has set up its second corporate VC fund with a corpus of JPY10 billion ($91.1 million).
Cloud Village, a music streaming business controlled by Chinese internet and gaming giant NetEase and backed by the likes of General Atlantic, Boyu Capital, and Yunfeng Capital, has filed for a Hong Kong IPO.
Hong Kong’s Animoca Brands is at the forefront of securing digital property rights via cryptographic tokens. The concept is germinating in the games sector, but it is expected to change everything
Anchor Equity Partners, a mid-market private equity firm focused on opportunities in North Asia, with a particular focus on Korea, has invested JPY60 billion ($550 million) in the Japan unit of Korean internet giant Kakao.
Hong Kong’s Animoca Brands, a blockchain-based games developer diversifying into non-fungible tokens (NFTs), has raised $88.9 million from a group of VCs at a valuation of $1 billion.