Sectors
India e-commerce industry financier raises $20m
Velocity, an Indian start-up that provides growth capital to e-commerce brands, has raised a $20 million Series A round led by Valar Ventures, a firm set up by PayPal co-founder Peter Thiel.
EQT buys Australia cancer care business from PE consortium
Goldman Sachs Asset Management, QIC, and Pagoda Investment – a China-focused GP set up by a former QIC executive – have agreed to sell Australia cancer care provider Icon Group to EQT for a reported valuation of A$2.3 billion ($1.67 billion).
Carlyle acquires Korean cafe operator, Anchor Equity exits
The Carlyle Group has acquired A Twosome Place, a Korea-based café operator with more than 1,400 stores nationwide, from Anchor Equity Partners.
PE-backed Paytm raises $2.5b in India's largest-ever IPO
Indian digital payments platform Paytm completed the country’s largest-ever IPO – raising INR183 billion ($2.47 billion) – but then saw its stock fall 27% on debut.
Airwallex adds $100m to Series E at $5.5b valuation
Hong Kong-based cross-border payments provider Airwallex has received a $100 million Series E extension led by Lone Pine Capital at a valuation of $5.5 billion.
Value-add needed to navigate consumer boom – AVCJ Forum
Investors are targeting consumer brands with strong fundamentals or overlooked expansion angles as part of efforts to avert spiking valuations, the AVCJ Private Equity & Venture Forum heard.
Local turbulence drives China tech players abroad - AVCJ Forum
Regulatory uncertainty in China has encouraged local technology companies to go global rather than rely on a single market, the AVCJ Private Equity & Venture Forum heard.
Xiaomi invests $70m in China LiDAR specialist Hesai
Xiaomi Industrial Investment Fund, a vehicle controlled by smart devices brand Xiaomi, has invested $70 million in Hesai Technology, a China-based developer of sensors used in autonomous driving.
MBK sells Japan's Accordia Golf to Fortress
MBK Partners has agreed to sell Japan-based golf course operator Accordia Golf, which it acquired in 2017 via a tender offer, to Fortress Investment Group.
Energy transition to dominate private equity – AVCJ Forum
Energy transition, including innovation in power and transportation, will be the biggest investment theme in the decades to come, industry veterans told the AVCJ Private Equity & Venture Forum.
Kejora, Sunway launch $25m Malaysia VC fund
Indonesia-based Kejora Capital and Malaysian conglomerate Sunway Group have established a $25 million VC fund focused on early-stage start-ups in Malaysia.
Ascendent abandons China education take-private
A consortium led by Ascendent Capital Partners has abandoned its planned $230.6 million take-private of Tarena International, a China-based provider of adult professional and K-12 education services.
Indonesia's Ula extends Series B to $110m
Indonesian B2B e-commerce player Ula has extended its Series B round to $110 million with a $23.1 million investment from Tiger Global Management and Binny Bansal, co-founder of Flipkart.
CBC, APG launch China healthcare infra fund
Specialist healthcare investor CBC Group has teamed up with APG Asset Management to launch a $1.5 billion fund dedicated to the development of healthcare infrastructure in China.
CMC, Goldman lead $150m round for China's Cyclone Robotics
Cyclone Robotics, a Shanghai-based robotic process automation (RPA) start-up, has raised $150 million in a Series C round led by CMC Capital Group and Goldman Sachs Asset Management.
Japan's Olympus launches VC unit, $50m fund
Japan’s Olympus Corporation has launched a medical technology-focused venture capital unit, Olympus Innovation Ventures, with an initial commitment of $50 million for its debut fund.
Vision Fund backs China cleaning robot maker
SoftBank Vision Fund 2 and Capital Today have led a RMB1.2 billion ($188 million) Series C round for Chinese cleaning robot maker Gaussian Robotics.
India's A91 reaches $550m final close on Fund II
A91 Partners has closed its second India-focused fund with $550 million in commitments, nearly two-and-a-half years after raising $351 million for its debut vehicle.
Riverside backs Australia clinical trials business
The Riverside Company has acquired Avance Clinical, an Australia-based contract research organization (CRO) with a view to building out its clinical trials business.
India's Nykaa trades up after $719m IPO
India-based beauty e-commerce platform Nykaa is trading at more than 100% premium to its IPO price after completing a INR53.5 billion ($719 million) offering that facilitated partial exits for TPG Capital and Lighthouse Funds.
India's MyGlamm raises $150m Series D
Good Glamm Group, operator of Indian direct-to-consumer beauty marketplace MyGlamm, has raised a $150 million Series D round led by Warburg Pincus and Prosus Ventures.
Google backs Korea edtech player Mathpresso
Google has made a strategic investment of undisclosed size in Korean education technology provider Mathpresso, bringing total funding to around $105 million.
Centurium invests $100m in China caterer Meican
Centurium Capital has provided a $100 million Series E round for Meican, a Chinese corporate food services company.
GoTo gets $1.3b in first tranche of pre-IPO funding
Indonesia-based ride-hailing service turned super app GoTo has raised more than $1.3 billion in a first tranche of pre-IPO funding, which will be used to develop its digital ecosystem.