Australia’s Go1 gains traction with a B2B approach to a rapidly expanding human resources and workforce management software industry. SoftBank Vision Fund 2 is among the believers
Asia Partners and Falcon Eduge Capital have led a $100 million Series B round for GudangAda, an Indonesian online marketplace that targets wholesale and small-scale retailers.
BlackBuck, India’s largest trucking platform, has raised $67 million in Series E funding led by US-based Tribe Capital, IFC Emerging Asia Fund, and VEF at a valuation of $1 billion.
Insight Partners has led a $140 million Series E round for Australian human resources services start-up Employment Hero at a valuation of $800 million.
SoftBank Vision Fund 2, AirTree Ventures, and Salesforce Ventures have led a $200 million Series D round for Australian workforce training start-up Go1 at a valuation of $1 billion.
Taiwanese accelerator and VC investor AppWorks has led a $12 million round for Singapore-based enterprise services platform Tinvio.
SoftBank Vision Fund 2 has led a $150 million Series C round for Netradyne, a US and India-based software provider for vehicle fleet operators.
Gogox, a Hong Kong-headquartered last-mile logistics company formerly known as GoGoVan, has raised $100 million in funding led by the international arm of China Bank of Communications and Cyberport Macro Fund.
Baring Private Equity Asia has sold Korean courier company Logen, ending an eight-year holding period that featured a disputed – and aborted – sale to CVC Capital Partners followed by an arbitration proceeding.
Chinese VC firm Crystal Stream Capital has doubled down on a Middle East and Africa strategy with participation in a $40 million investment in Egyptian logistics start-up MaxAB.
DMed-Clinipace, a global contract research organization (CRO) with a presence in China, has raised $50 million in an extended Series C round led by Springhill Fund. Rock Springs Capital and Superstring Capital also took part.
The rapidly modernizing fleet management industry has seen surprisingly little progress in terms of driver and dispatcher services. Global VCs see a solution in India’s LocoNav
Partners Group has acquired a 24.9% stake in China’s Apex Logistics from its majority owner Kuehne+Nagel for an undisclosed sum as part of an expansion plan.
The Carlyle Group’s credit platform has led a restructuring of Trans Maldivian Airways (TMA), a Bain Capital-owned seaplane operator whose fortunes are tied to those of the Maldives tourism industry.
NewQuest Capital Partners is exiting Integreon, a business process outsourcing (BPO) provider with a significant Asia footprint to US private equity firm EagleTree Capital.
Sendle, an Australia-based package delivery provider for small businesses that claims to be 100% carbon neutral, has raised a $35 million Series C round led by local investor AP Ventures.
KKR’s global impact investment fund has agreed to acquire a majority stake in Australia and New Zealand-based Education Perfect, a provider of digital teaching and learning toolkits for schools, at a valuation of NZ$455 million ($320 million).
Manbang, a China trucking business that claims to be the world’s largest digital freight platform, gained 13% on debut following a $1.57 billion IPO in the US.
Mandala Capital is helping Indian food and pharma testing laboratory EFRAC distinguish itself against a field of ragtag competitors. Personnel, networks, and technology are the critical inputs
Insight Partners and Tiger Global Management have led a $70 million Series B round for Apna, an Indian professional networking and jobs platform.
Korean delivery platform Barogo has raised KRW80 billion ($72 million) in Series C funding featuring several local private equity investors, including LB Investment and STIC Ventures.
Japanese enterprise software supplier SmartHR has confirmed a JPY15.6 billion ($142.5 million) Series D round led by US-based Light Street Capital. It values the company at about $1.6 billion.
KKR and Tiga Investments have acquired Hong Kong’s The Executive Centre at a time when flexible office space is coming into focus, but expansion ambitions need to remain in check
The Blackstone Group has agreed to acquire International Data Group (IDG) from China Oceanwide Holdings for an enterprise valuation of $1.3 billion.