Sectors
Accel, Helion in funding round for India's Qwikcilver
Indian gift card technology provider Qwikcilver has raised a new round of funding with participation from existing investors Accel India and Helion Venture Partners.
Siam Commercial Bank unveils fintech strategy
Thailand's Siam Commercial Bank (SCB) has formally announced a financial technology investment strategy aimed at improving customer experience while encouraging domestic start-ups to keep up with changes in the global market.
Bertelsmann leads $17m Series B for India's Treebo
Bertelsmann India Investments has led a INR1.12 billion ($17 million) Series B round of funding for Indian budget hotel chain Treebo.
KKR to exit GenesisCare as China Resources, Macquarie buy control
KKR will sell its 45% stake in Australia-based healthcare provider GenesisCare as China Resources Group and Macquarie Capital agreed to buy a majority interest in the business.
Rocket, Kinnevik commit $33m to fashion portal
Rocket Internet and Sweden's AB Kinnevik have committed another EUR30 million ($33 million) to emerging markets-focused online fashion portal Global Fashion Group (GFG).
IFC to invest $15m in India-based Byju's
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a $15 million investment in Indian education start-up Byju’s.
L Capital Asia takes minority stake in Korea cosmetics player
L Capital Asia – the private equity arm of luxury goods giant LVMH – has acquired a minority stake in Clio Cosmetics, a South Korea-based color cosmetics manufacturer, for an undisclosed sum.
EQT exits Singapore's Econ Healthcare
EQT Partners has agreed to sell its 49% stake in Singapore’s Econ Healthcare to the company’s founder Chu-Poh Ong ahead of a regional expansion initiative.
China VCs back $25m round for Austrian entertainment group
China Growth Capital has led a $10 million Series B-plus round of funding for Austria-based media company Juzi Entertainment. It brings the Series B to $25 million overall.
Hong Kong's Quantifeed gets $4.5m Series A round
China’s PGA Venture Partners has led a $4.5 million Series A round of funding for Hong Kong-based financial services software provider Quantifeed.
Blackstone makes another partial exit from India's Gokaldas
The Blackstone Group has sold down stock worth INR2.9 billion ($4.3 million) in India-listed garment manufacturer Gokaldas Exports as part of an ongoing exit from the company.
SBI leads $17.5m investment in Thailand's Omise
Japan’s SBI Investment has led a $17.5 million Series B funding round for Thailand-based online payment services provider Omise.
Polaris buys Japanese timber company
Polaris Capital has agreed to acquire 100% of Japanese precut timber and building materials company Hivic for an undisclosed sum from domestic construction group Lixil.
Vickers Venture Partners raises $63m
Singapore’s Vickers Venture Partners has reached an S$86 million ($63.3 million) first close for its fifth fund, which is targeting early and expansion stage Asian companies.
Singapore-listed Keppel targets $1.5b for two PE funds
Singapore conglomerate Keppel Corporation has raised $410 million for two private equity funds – to be operated by its asset management arm – that have a combined target of $1.5 billion.
CDC to invest $149m in India Infoline Finance
CDC Group, the UK government-owned development finance institution (DFI), has agreed to invest INR10 billion ($149 million) in IIFL Holdings’ non-banking finance company (NBFC) India Infoline Finance.
New Zealand's Oceania Natural gets $2.5m for HK base
New Zealand-listed health food and supplements producer Oceania Natural has secured HK$19.5 ($2.5 million) from a group of domestic and Chinese investors for the establishment of a Hong Kong subsidiary.
Diamedica gets $4m for China push
Hermed Capital Healthcare Fund, a PE vehicle managed by Shanghai Fosun Pharmaceutical Group and Korea’s SK Group, has committed $4 million to a China expansion drive by US-based Diamedica.
TPG buys control of India maternity hospital operator
TPG Capital’s growth investment arm has paid $33 million for a significant majority stake in Rhea Healthcare, which operates a network of mother and child care centers in India under the Motherhood brand.
500 Startups raises $8.3m for enlarged Thai fund
US-based 500 Startups has received $8.3 million in LP commitments for its Thailand-focused early-stage fund 500 TukTuks after expanding its targeted scope on the back of increased investor interest.
Protean Electric gets $70m round led by GSR, targets China expansion
GSR Ventures has participated in a $70 million financing round for Protean Electric, a US automobile equipment developer with an expanding operations base in China.
Chinese consortium agrees scaled back Opera deal
A PE-backed Chinese consortium has agreed a $600 million acquisition of the web browser business of Norway’s Opera Software after a full takeover bid worth $1.2 billion failed to attain government approval.
IIFL leads $30m round for India's BlueStone
IIFL Asset Management has led a INR2 billion ($30 million) Series D round for online jeweler BlueStone.
Southeast Asia's aCommerce raises further $10m
Southeast Asia-focused e-commerce solutions provider aCommerce has raised $10 million in new funding ahead of a planned Series B round. The latest commitment is led by MDI Ventures, a corporate VC fund run by Indonesian mobile operator Telkom.