Sectors
Hong Kong's Lalamove raises $100m Series C
Hong Kong-based delivery start-up Lalamove - also known as Huolala in mainland China - has completed a $100 million Series C round of funding led by Chinese VC firm Shunwei Capital.
Reliance Insurance files for India IPO
Reliance General Insurance, the insurance arm of India’s Reliance Capital, has filed for an IPO that will provide a partial exit for its parent.
C-Bridge hires ex-GSK executive as senior partner
C-Bridge Capital, a Chinese healthcare-focused private equity firm, has appointed Abbas Hussain, who was most recently global president for pharmaceuticals and vaccines at GlaxoSmithKline (GSK), as a senior partner.
All-Stars, Ctrip lead $300m round for China’s Tujia
Existing investors All-Stars Investment and Ctrip have jointly led a $300 million Series E round of funding for China’s Tujia, valuing the online accommodation-booking platform at over $1.5 billion.
India’s Samara acquires drug portfolio from Novartis
Samara Capital Partners has acquired the Indian rights to a portfolio of drug brands from Swiss pharmaceutical company Novartis.
Vickers closes fifth VC fund at $230m
Vickers Ventures Partners has closed its fifth fund, which invests in China, Southeast Asia, India and the US, at $230 million – larger than the firm’s four previous vehicles put together.
Australia's Airtasker receives $25.7m Series C
Airtasker, an Australian peer-to-peer jobs and services marketplace operator, has raised a A$33 million ($25.7 million) funding round led by Skyfield Capital.
Singapore's Sea to raise up to $800m in US IPO
Singapore-headquartered mobile internet and gaming platform Sea aims to raise up to $800 million in its upcoming IPO on the New York Stock Exchange.
India's Zee entertainment to buy PE-backed 9X Media
Zee Entertainment Enterprises, a media and entertainment company based in India, has agreed to acquire 9X Media, an Indian media firm backed by New Silk Route Partners (NSR).
Gobi leads $14.5m round for Southeast Asia’s Deliveree
Deliveree, a Southeast Asia-focused last-mile logistics marketplace, has raised a $14.5 million Series A round of funding led by Gobi Partners.
Japan's Advantage exits telemarketing business
Advantage Partners has agreed to sell Customer Relation Telemarketing (CRTM), a call center business it acquired three years ago, to fellow Japanese private equity firm Integral Corporation.
India car-sharing platform Drivezy gets $10m round
Indian car, motorcycle and bicycle rental company Drivezy has received a $10 million funding round from a group of investors including Das Capital, Axan Ventures, CrowdWorks and IT-Farm.
Vertex closes Southeast Asia, India fund at $210m
Vertex Ventures, the VC arm of Singapore’s Temasek Holdings, has closed its latest Southeast Asia and India fund at $210 million, exceeding the $150 million target.
Provident joins $138m bid for Indonesian mining project
Provident Capital has joined a consortium of investors in a bid to acquire Finders Resources that values the Indonesian mining project developer at about A$177.7 million ($138 million).
Tencent invests $400m in India's Ola
Chinese internet giant Tencent Holdings has invested $400 million in Indian ride-hailing operator Ola, valuing the business at approximately $4.1 billion.
Epsilon, IL&FS lead $8m round for India’s Farm Taaza
Epsilon Venture Partners and IL&FS Investment Managers (IIML) have led an $8 million Series A round for Indian agricultural logistics player Farm Taaza Produce.
Indonesia sees first local listing by e-commerce start-up
Online-to-offline (O2O) e-commerce business Kioson has become the first start-up to list on the Indonesia Stock Exchange following a IDR45 billion ($3.4 million) IPO.
VCs in $6.5m round for Japan’s LaFabric
Globis Capital Partners has joined a group of venture capital firms in a JPY740 million ($6.5 million) funding round for Lifestyle Design, the Japanese operator of men’s custom-made fashion marketplace LaFabric.
Abraaj invests in Pakistani cinema chain
The Abraaj Group has invested an undisclosed sum in Cinepax, with a view to helping the Pakistan-based cinema operator more than triple in size over the next four years.
Japan education: School run
PE and VC investors are increasingly active across the breadth of Japan’s education sector, armed with an evolving set of targeting criteria and growth strategies intended to exploit sweeping social changes
Deal focus: Yao Capital bets big on sports training
A start-up aiming to improve Chinese children's access to sports training receives the backing of sport-focused GP Yao Capital
Mekong completes exit from Vietnam's Loc Troi
Mekong Capital has completed its exit from Vietnamese agribusiness player Loc Troi, for a total return of more than $12 million.
VCs commit $6.6m to Japan's Skydisc
Skydisc, a Japan-based company that provides hardware for internet-of-things (IoT) and artificial intelligence (AI) applications, has raised JPY740 million ($6.6 million) from a group of VC firms, including existing backers Nissay Capital and Archetype...
PE-backed Amber Enterprises files for India IPO
Amber Enterprises, an India-based air conditioner manufacturer backed by ADV Partners, has filed for an IPO to raise INR5.6 billion ($84.8 million).