Sectors
Deal focus: Ather charges up for India's EV race
Indian electric vehicle producer Ather has won $51 million in funding as it looks to reinvigorate the two-wheeler market by drawing on old and new economy expertise
Joy Capital sets $350m target for third China VC fund
Joy Capital is seeking $350 million for its third China-focused venture capital fund, which would take the four-year-old firm’s assets under management past the $1 billion mark.
SDIC, Sherpa lead $74m round for China's EpimAb
Shanghai-based biopharmaceutical company EpimAb Biotherapeutics has raised a $74 million Series B round led by SDIC Fund Management and healthcare specialist Sherpa Healthcare Partners.
General Atlantic leads $51m Series C for India's NoBroker
General Atlantic has led a $51 million Series C round for NoBroker, an online real estate marketplace based in India. SAIF Partners and Beenext Capital Management also participated in the round.
China agriculture biotech program gets $30m
An investment platform owned by the Beijing Changping regional government has committed RMB204 million ($30 million) to a partnership with Origin Agritech that will commercialize genetically modified corn seeds.
Sinovation closes $362m RMB fund, establishes GBA base
Sinovation Ventures has raised RMB2.5 billion ($362 million) for a fund that will focus on artificial intelligence (AI), big data and related areas. The final close was announced at the unveiling of the firm’s Greater Bay Area (GBA) headquarters in Guangzhou....
GP profile: Chiratae Ventures
Patient, culture-oriented Chiratae Ventures has grown and diversified in step with India’s gradually blossoming VC market. Its latest expansions suggest this trajectory is set to accelerate
EQT terminates $2.6b Vocus acquisition
EQT infrastructure has abandoned a bid it extended less than two weeks ago to acquire Australian broadband internet provider Vocus Group for about A$3.3 billion ($2.3 billion).
Unilever leads $11m round for India's Milkbasket
Unilever Ventures, the corporate VC arm of Unilever, has led a $10.5 million funding round for Indian grocery delivery start-up Milkbasket.
ComfortDelGro backs Singapore logistics start-ups
Singapore land transport services company ComfortDelGro has backed two local logistics start-ups via its recently launched venture capital arm.
China's pet products industry: Paws for thought
China’s pet products and services industry is benefiting from closer relations between man and beast, but not every market segment will turn out a winner for private equity investors
Fund focus: EV Growth fills the gap
East Ventures, Sinar Mas Digital Ventures, and YJ Capital have raised $200 million for a fund that will target Southeast Asia's underserved Series B and above space
CDPQ invests $206m in India's Mahindra
Caisse de dépôt et placement du Québec (CDPQ) has invested INR14.2 billion ($205.8 million) in Indian automotive conglomerate Mahindra & Mahindra through a public market transaction.
Chinese EV manufacturer Bordrin Motor raises $362m
China-based electric vehicle (EV) maker Bordrin Motor has raised RMB2.5 billion ($362 million) in a new funding round that featured Yin An Capital, the investment arm of Sinochem International.
Australian wi-fi chipmaker Morse Micro secures $17m
A group of Australian VCs including Blackbird Ventures has invested about A$24 million ($17 million) in local wi-fi and internet-of-things (IoT) chipmaker Morse Micro.
Japan's Polaris to back Panasonic security spin-out
Japan’s Polaris Capital has agreed to back Panasonic i-Pro Sensing Solutions, a spin-out of Panasonic that will take over the parent company’s security systems business in Japan and overseas.
PE-backed Mabpharm trades down after $157m HK IPO
Mabpharm, a China-based biopharmaceutical company backed by CDH Investments, saw its stock drop almost 20% on debut following a HK$1.23 billion ($157 million) IPO in Hong Kong.
Chinese fintech player Wiseco raises $94m Series A
Chinese financial technology start-up Wiseco Technology, which provides big data-powered risk control and debt collection services, has raised RMB650 million ($94 million) in a Series A round led by Huading Capital and Sino Ocean Group.
Deal focus: KaiOS looks beyond the iPhone
Hong Kong-based KaiOS Technologies has secured a $50 million Series B round for an expansion plan targeting what could be the mobile telecommunication industry’s most underserved segment
Chinese smart robot maker gets $14m Series A
CMB International Capital has led a RMB100 million ($14 million) Series A round of funding for Robosen, a Chinese smart robot manufacturer. Yu Hu, co-CEO of local voice recognition software developer iFlytek also took part.
China GPs target tech angles in consumer plays
All China consumer deals are now technology deals, but investors must back up this positioning with meaningful value-add capabilities in areas such as digital marketing and data analytics or risk being accused of embellishing a technology thesis for the...
Legend Capital hires PV Wang, ups fundraising ambitions
Chinese venture capital firm Legend Capital has appointed Asia PE industry veteran Piau-Voon Wang (pictured) as a managing director and COO as part of efforts to institutionalize operations and diversify its LP base.
Chinese state-owned entities launch $723m 5G fund
China’s state-owned Yangtze River Industry Fund and China Information Technologies Group have jointly launched a RMB5 billion ($723 million) fund with a focus on 5G technology.
Hillhouse-backed CRO Frontage raises $205m in HK IPO
Frontage Holdings, a China-based contract research organization (CRO), has raised HK$1.61 billion ($205.1 million) in its Hong Kong IPO, having received support from several private equity investors.