Sectors
Tencent leads $250m round for Chinese travel platform Mafengwo
Chinese travel platform Mafengwo has raised $250 million in a round of funding led by Tencent Holdings.
Deal focus: Archipelago makes Philippines banking play
Archipelago Capital Partners takes a minority stake in One Network Bank to support its parent's plans to lead the country's rural banking sector
Hong Kong's KaiOS gets $50m Series B
Hong Kong-based smart phone operating system provider KaiOs Technologies has raised a $50 million Series B round led by Cathay Innovation, a VC affiliate of Cathay Capital Private Equity.
Deal focus: Grofers returns to growth with Series F
Grofers is emerging from a rough patch in its mission to leverage India’s online grocery boom with an overhauled business model and a $200 million Series F round led by SoftBank Vision Fund
Sequoia, MassMutual lead Series B for Singapore's Biofourmis
Sequoia Capital India and MassMutual Ventures have led a $35 million Series B round of funding for Singapore-based Biofourmis, operator of a health analytics platform that tracks how patients are responding to treatment.
Deal focus: Clearing up Southeast Asia’s currency chaos
Investors see opportunity in bringing a promising currency exchange-focused fintech model from Europe into Southeast Asia. Singapore-focused YouTrip is the region’s first mover in this niche
China online education: Passing the test?
Capital has poured into China’s online education sector in recent years, but with losses mounting and valuations called into question, investors are finding that not all business models are created equal
TPG to exit India cancer business for $283m
Asia Healthcare Holdings (AHH), an India-focused healthcare platform owned by TPG Growth, has agreed to sell cancer hospital chain Cancer Treatment Services International (CTSI) to US-based radiology player Varian Medical Systems for $283 million.
China restaurant industry supplier gets $14m Series A
China-based Zuodashi, which provides digital solutions and food accompaniments to restaurant delivery businesses, has raised RMB100 million ($14 million) in Series A round led by Hua Gai Capital.
Australia’s Canva raises $70m at $2.5b valuation
Australian graphic design start-up Canva has raised $70 million from investors including US-based General Catalyst and Bond Capital, the new vehicle of Silicon Valley veteran Mary Meeker. It values Canva at $2.5 billion.
Wu Capital leads round for Chinese vocational training business
Sanjieke, a China-based vocational training services provider, has raised an RMB130 million ($19 million) in a Series B round of funding led by Wu Capital.
ADV to buy heavy vehicles unit from India's Tata
ADV Partners has agreed to acquire heavy vehicles producer Dutch Lanka Trailer Manufacturers (DLT), a Sri Lanka-based subsidiary of Indian conglomerate Tata Group, for INR3.05 billion ($43.7 million).
China's Luckin Coffee gains 20% after upsized IPO
China’s second largest coffee chain Luckin Coffee, which counts Centurium Capital and Joy Capital among its private equity investors, surged around 20% on its US debut following a $561 million IPO.
EMR launches third fund with $1.3b target
Australian resources-focused private equity firm EMR Capital has launched its third fund with a target of $1.3 billion.
Archipelago completes investment in Philippines bank
Southeast Asia-focused GP Archipelago Capital Partners has completed its investment in One Network Bank (ONB), the rural subsidiary of Philippines-listed financial services provider BDO Unibank.
New Zealand agtech player gets $6.7m
BioLumic, a New Zealand-based start-up that develops ultraviolet (UV) crop yield enhancement systems, has raised a $6.7 million Series A led by US agricultural technology VC firm Finistere Ventures.
GIC, Tata to invest $573m in India hotels
Singapore’s GIC Private has partnered with the Indian Hotels Company (IHCL), a hospitality unit of India’s Tata Group, for an Indian hotel platform that will invest INR40 billion ($573 million) over the next three years.
Vertex raises $230m for India, Southeast Asia fund
Vertex Venture Holdings (VVH), the VC arm of Singapore’s Temasek Holdings, has reached the initial $230 million target for its fourth Southeast Asia and India fund in a single closing.
GA, Värde cancel planned investment in India's PNB
General Atlantic and Värde Partners have terminated a planned INR18.5 billion ($267 million) investment in PNB Housing Finance, the publicly listed mortgage subsidiary of India’s Punjab National Bank (PNB).
Qiming leads Series B for Chinese hospital chain operator
Qiming Venture Partners has led a Series B round of nearly RMB100 million ($14 million) for Shanghai-based private hospital chain operator SinoUnited Health.
Japan's PE-backed Sansan files for IPO
Sansan, a PE-backed company that specializes in cloud-based business card digitization, has filed for a domestic IPO that is expected to generate around JPY35.2 billion ($321 million).
Vietnam inbound investment: Regional rivals
Strategic interest in Vietnam is growing, especially among companies within Asia looking to tap growth no longer available at home. PE investors see them as partners – and sometimes as competitors
SoftBank leads $200m round for India's Grofers
Indian online grocer Grofers has raised more than $200 million in a Series F funding round led by SoftBank Vision Fund.
Chinese IT equipment rental company raises Series B
China-based Little Bear Rental, which provides IT equipment services to corporates, has raised hundreds of millions of renminbi (over $14 million) in a Series B round of funding led by the Small & Medium-Sized Enterprises Development Fund - a government...