Sectors
India's Tata Digital makes healthcare, fitness investments
Tata Group’s digital unit has continued its investment spree, dipping into India’s healthcare and fitness spaces with the acquisition of telemedicine platform 1mg Technologies and a $75 million commitment to CureFit.
India's Zenoti gets Series D extension, hits $1.5b valuation
TPG Capital has led an $80 million Series D extension for Zenoti, an India-founded and US-headquartered software provider for the spa and wellness industry.
Advent exits Crompton Greaves' India appliances business
Advent International has offloaded its final 5.4% holding in Crompton Greaves’ India-listed household appliances business, ending a gradual exit after a failed takeover.
China grocery players Dingdong, Miss Fresh file for US IPOs
Competing Chinese online grocery delivery platforms Dingdong Macai and Miss Fresh, recipients of more than $3 billion in aggregate private funding, have both filed to list in the US.
US VCs lead $60m round for Indonesia's BukuWarung
US-based Goodwater Capital and Valar Ventures, a firm co-founded by PayPal co-founder Peter Thiel, have led a $60 million round for Indonesian financial technology start-up BukuWarung.
Mekong invests in Vietnam appliances maker
Vietnam’s Mekong Capital has invested $10 million in local water purifier and electrical appliances maker Mutosi Group.
China gene sequencing company raises $63m
QitanTech, a gene sequencing start-up also known as Qitan Technology, has raised a RMB400 million ($63 million) Series B round led by Hillhouse Capital and a VC arm of CDH Investments.
China LiDAR specialist Hesai closes $300m Series D
Hesai Technology, a China-based developer of sensors used in autonomous driving, has raised a $300 million Series D round led by GL Ventures.
Alibaba Cloud to invest $1b in Asia start-ups
Alibaba Cloud, the cloud computing and artificial intelligence unit of the eponymous Chinese internet giant, has pledged to invest $1 billion in Asia Pacific start-ups over the next three years.
Japan's SmartHR raises $142.5m at $1.6b valuation
Japanese enterprise software supplier SmartHR has confirmed a JPY15.6 billion ($142.5 million) Series D round led by US-based Light Street Capital. It values the company at about $1.6 billion.
TPG leads $220m round for China's Dingdang Health
TPG Capital has led a $220 million round for Chinese online pharmacy services provider Dingdang Health.
Deal focus: TEC goes back to the office
KKR and Tiga Investments have acquired Hong Kong’s The Executive Centre at a time when flexible office space is coming into focus, but expansion ambitions need to remain in check
Deal focus: CVC gets intimate with A Bathing Ape
CVC Capital Partners has completed a complex carve-out of Japanese streetwear brand A Bathing Ape from diversified Hong Kong retail group I.T
GP profile: Hosen Capital
From renminbi funds to US dollar funds and from growth equity to buyouts, Hosen Capital has been through several evolutions in its first decade. Meeting China’s food needs remains a constant
Fund focus: Unicorn does the hard yards
Six-year-old Unicorn Capital Partners has closed its latest China VC vehicle at the hard cap of $450 million, proving there is demand for fund-of-funds that offer something different
CITIC entities commit $94m to China's Simcere Diagnostics
SimCere Diagnostics, the diagnostics arm of Hong Kong-listed SimCere Pharmaceutical Group, has raised RMB600 million ($94 million) in Series B funding led by CITIC Securities and CITIC Medical & Health Fund.
Blackstone buys International Data Group from China Oceanwide
The Blackstone Group has agreed to acquire International Data Group (IDG) from China Oceanwide Holdings for an enterprise valuation of $1.3 billion.
BGH bids $1b for Australian software provider Hansen
Australian private equity firm BGH Capital has offered to acquired Sydney-listed industrial software provider Hansen Technologies for an enterprise valuation of A$1.3 billion ($1 billion).
China renovation materials trading platform raises $400m
Chubby Bear, a Shanghai-based B2B platform that matches buyers with suppliers of renovation materials, has raised $400 million across two tranches of Series C funding.
Orchid Asia reaches $1.1b first close on Fund VIII
Orchid Asia has achieved a first close of $1.1 billion on its eighth fund, five months after launching the vehicle with a full target of $1.6 billion.
Singapore food tech VC raises $25m for debut fund
Good Startup, a food tech VC set up in Singapore last year, has hit a $25 million first close on its debut fund, which will invest exclusively in alternative protein start-ups.
Primavera buys Reckitt's China formula business for $2.2b
Primavera Capital Group has agreed to acquire UK-headquartered multinational Reckitt Benckiser’s China infant formula and child nutrition business for an enterprise value of $2.2 billion.
Australia's CPE exits Cell Care to US strategic
Australian middle-market private equity firm CPE has agreed to sell cord blood banking business Cell Care to Generate Life Sciences, a US-based provider of cellular services for fertility and therapeutic purposes.
India's Urban Company closes Series F, hits $2.1b valuation
India’s Urban Company, a marketplace for in-home services from housekeeping to fitness training, has raised $255 million in Series F funding at a valuation of $2.1 billion.