Sectors
Tiger Global leads Series B for India's Avataar
Tiger Global Management has led a USD 45m Series B round for India’s Avataar, a company that uses 3D augmented reality (AR) displays to help e-commerce customers browse large items online.
New Zealand's AskNicely raises $32m Series B
Five Elms Capital, a specialist growth investor in software start-ups globally, has led a USD 32m Series B round for New Zealand and US-based customer feedback platform AskNicely.
India delivery business Dunzo raises $240m
Reliance Retail Ventures has contributed USD 200m to a USD 240m round for Indian last-mile delivery start-up Dunzo, taking a 25.8% stake.
Carsome hits $1.7b valuation on closing $290m Series E
Carsome, a Malaysia-headquartered used car trading platform with operations across Southeast Asia, has raised USD 290m in Series E funding led by Qatar Investment Authority (QIA), 65 Equity Partners, and Seatown Private Capital Master Fund.
India sports: In it to win it
Private equity interest in the commercialisation of sport globally is filtering through to India, with a couple of high-profile cricket deals. What other franchises and rights owners could be up for grabs?
Vertex, Tikehau lead Singapore SPAC charge
Special purpose acquisition companies (SPACs) backed by Vertex Venture Holdings (VVH) and Tikehau Capital have filed for listings in Singapore.
FountainVest buys China QSR restaurant operator from EQT
FountainVest Partners has acquired China F&B Group (CFB), one of the master franchise operators for Papa John’s and Dairy Queen in mainland China, from EQT for an undisclosed sum.
Sun Hung Kai leads Series B for Singapore digital asset bank
Sygnum, a Singapore and Switzerland-based digital asset bank, has raised a Series B of USD 90m - at a post-money valuation of USD 800m - led by Hong Kong-based investor Sun Hung Kai & Co.
China gene therapy start-up Cure Genetics raises $60m
Advantech Capital has led a USD 60m Series B for Suzhou-based biotech player Cure Genetics. Other investors include Oriza Holdings, Blue Ocean Private Equity, and Qiming Venture Partners.
Singapore's Virtue Diagnostics closes $100m Series B
Singapore-based Virtue Diagnostics, a clinical testing equipment supplier for China and developing markets, has raised a USD 100m Series B round led by Sequoia Capital China and Morningside Ventures.
China's Ince raises $700m across two funds
Ince Capital, a Chinese venture capital firm established by J.P. Gan, formerly a managing partner at Qiming Venture Partners, has raised USD 700m for its second fund and for an accompanying vehicle aimed at later-stage opportunities.
TPG invests $360m in India's Fractal
TPG Capital has agreed to invest USD 360m – including primary and secondary components – in India and US-based data analytics provider Fractal. It facilitates a partial exit for Apax Partners.
Square Peg backs Vietnam digital bank Timo
Australia-based Square Peg Capital has led a USD 20m investment in digital banking start-up Timo, which claims to be the first Vietnamese player in this space.
China's Linear Capital raises $500m
Linear Capital, a China-based, technology-focused investment firm, has raised USD 500m for its fifth US dollar-denominated fund and its second opportunity Fund. It brings the firm’s total assets under management to USD 2bn.
India's Zupee closes Series B at $102m
Zupee, an Indian skill-based gaming platform, has raised a USD 72m Series B extension, taking the overall round to USD 102m. The company is now valued at USD 600m.
China AI gaming company Parametrix raises $100m
Chinese artificial intelligence (AI) gaming company Parametrix.ai has raised a USD 100m Series B round led by Sequoia Capital China. Existing investors 5Y Capital and Gaorong Capital re-upped.
Japan's ACA buys Belgian football club
Japanese fund manager ACA Investments has created a football-focused unit under its Singapore-based subsidiary and acquired a club that competes in the second tier of the Belgian league.
Steadview leads $40m Series D for India's Exotel
Steadview Capital has led a USD 40m Series D round for Exotel, an Indian customer engagement platform provider that claims to have raised about USD 100m in the past 15 months.
AGIC exits healthcare business Ritedose to Novo Holdings
AGIC Capital, which specializes in cross-border deals along the China-Europe axis, has agreed to sell pharmaceutical manufacturing and packaging business Ritedose Corporation to Novo Holdings.
Nexus co-founder Naren Gupta dies aged 73
Naren Gupta, a co-founder of Nexus Venture Partners who is acknowledged as one of the pioneers of venture capital in India, has died at the age of 73.
China CDMO Thousand Oaks raises $240m
Thousand Oaks Biopharmaceuticals, a China-based contract development and manufacturing organization (CDMO), has raised CNY 1.5bn (USD 240m) in funding led by Goldstone Investment - a private equity unit of CITIC Securities - and CDH Investments.
Jafco closes latest Asia VC fund at $130m
Japanese venture capital firm Jafco has closed its latest Asia fund with USD 130m in commitments. It will focus on China, India, and Southeast Asia.
Global VCs invest $86m in India digital bank Jupiter
Tiger Global Management, QED Investors, and Sequoia Capital India have led a USD 86m Series C round for Indian digital bank Jupiter with support from Matrix Partners India and Singapore’s Beenext.
Eastern Bell raises $2b across US dollar, renminbi funds
Eastern Bell Capital has closed its second US dollar-denominated fund and its sixth renminbi-denominated fund with aggregate commitments of more than CNY 13bn (USD 2bn).