Sectors
Xiaomi joins $54m Series B for Indonesia's PasarPolis
Chinese electronics maker Xiaomi has joined a $54 million Series B round for Indonesian financial technology provider PasarPolis.
SoftBank leads $150m round for India's Unacademy
SoftBank has led a $150 million round for Indian education technology provider Unacademy, confirming the start-up’s unicorn status with a valuation around $1.4 billion.
Sequoia leads Series B for Chinese coffee brand
Saturnbird, a Chinese coffee brand, has raised more than RMB100 million（$14 million) in a Series B funding round led by Sequoia Capital China. Existing backer Frees Fund re-upped.
3one4 hits first close on third India VC fund
India’s 3one4 Capital has reached a first close on its third flagship early-stage venture capital fund.
Deal focus: Creador scores as India pharma heats up
Creador's $34 million investment in packaging supplier Shriji Polymers represents an indirect bet on India's growing pharmaceutical industry. Product development and capacity expansion are priorities
Deal focus: Shukun stands out from the crowd
Shukun sought to differentiate itself from other Chinese artificial intelligence medical imaging start-ups by focusing on heart rather than lung conditions, but a COVID-19 diagnosis solution has given the company real traction
Korean wave: Killer content
From Oscar-winning films to record-breaking pop bands, Korean content has started to replicate its success in Asia in the West. Venture capital investors are looking for ways to ride the K-wave
Chinese drug developer Adlai Nortye raises $100m Series C
Adlai Nortye, a Chinese biopharma player specializing in cancer treatments, has raised nearly $100 million in Series C round led by Hong Kong-listed contrast research organisation (CRO) Tigermed and Shanghai-based Yingke PE.
Carlyle invests $260m in China's Salubris Pharmaceutical
The Carlyle Group has paid about $260 million for a 5% stake in Shenzhen-listed Salubris Pharmaceutical.
TPG, KKR invest $220m in Singapore's PropertyGuru
Singapore-based real estate portal PropertyGuru has confirmed S$300 million ($220 million) in new commitments from existing backers TPG Capital and KKR.
Affirma to exit Korea waste management business
Affirma Capital – formerly Standard Chartered Private Equity – has agreed to sell EMC Holdings, a South Korea-based waste and wastewater treatment business, to a unit of local conglomerate SK Corporation.
Deal focus: Hahn puts faith in aviation rebound
International travel remains largely off-limits, but Hahn & Company is optimistic on the long-term prospects for Korea's aviation industry and for Korean Air's in-flight catering and duty-free businesses
Indian edtech player Eruditus gets $113m Series D
Eruditus, an Indian education technology provider focused on working professionals, has raised a $113 million Series D round featuring Sequoia Capital India.
Creador invests $34m in India's Shriji Polymers
Creador has invested INR2.5 billion ($34 million) in Shriji Polymers India, a manufacturer of plastic pharmaceuticals packaging, taking a significant minority stake and providing an exit for Tata Capital.
Japan flying car developer gets $37m Series B
Development Bank of Japan has joined a JPY3.9 billion ($37 million) Series B round for Tokyo-based flying car developer SkyDrive.
Korea's Viva Republica raises $173m
Viva Republica, the operator of Korean money transfer app Toss, has raised $173 million from a group of investors featuring Sequoia Capital China and Kleiner Perkins.
NSSK buys Japanese sports nutrition business
NSSK has acquired the sports nutrition division of Japan’s Dome Corporation, which is best known as the local distributor for US sportswear brand Under Armour.
Qiming joins Series B for Chinese AI diagnosis player
Shukun, a Chinese start-up that develops artificial intelligence (AI) technology used in the medical imaging diagnosis, has raised RMB200 million in the third tranche of Series B round.
Japan's J-Star acquires waste management business
Japanese private equity firm J-Star has acquired local waste management operator Sincere Corporation for an undisclosed sum.
BGH, OTPP reengage with New Zealand's Abano
BGH Capital and Ontario Teachers’ Pension Plan (OTPP), which recently terminated an acquisition of New Zealand dentistry chain Abano, have renewed their bid at a lower price.
China data centers: Real estate plus
Valuations are rising in China’s data center industry as speculative real estate-style investors flood the market. Experienced players are willing to spend more time building scale
Fund focus: MDI leads the way in Indonesia
MDI Ventures has seen a significant step-up in fund size because the success of Indonesia’s start-up ecosystem in recent years means investors need more firepower
Ekuinas exits Malaysia halal meats business
Malaysian government-backed private equity firm Ekuinas has sold Primabaguz, a local producer of premium halal meat-based products, to US-based Johnsonville International for MYR175 million ($42 million).
China's Xpeng raises $1.5b in US IPO, soars on debut
Chinese electric vehicle manufacturer Xpeng – which has a string of PE and VC investors – gained 41% on its New York trading debut after raising $1.5 billion in an upsized IPO.