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India's OfBusiness gets $29m Series C
OfBusiness, an India-based financial technology company focused on smart financing services has received an INR2billion Series C funding round led by Creation Investments and Falcon Edge.
Booking.com owner invests $500m in China’s Didi
Booking Holdings, which operates a number of online travel businesses including Booking.com, has invested $500 million in Didi Chuxing, a Chinese ride-hailing company with substantial PE and VC backing.
Hong Kong's GoGoVan raises $250m
Hong Kong-based last-mile logistics company GoGoVan has raised $250 million from a group of investors led by China’s InnoVision Capital.
Jade Invest acquires China's Guardian Hygiene
Chinese mid-market private equity buyout firm Jade Invest has acquired domestic pest control company Guardian Hygiene Service for an undisclosed sum.
Morgan Stanley, Banyantree invest $75m in India's Nspira
Morgan Stanley Private Equity Asia (MSPEA) and Banyantree Growth Capital have invested $75 million in Nspira Management Services, an Indian education services provider.
Jafco leads $11m round for Japan, US-based Trillium
Jafco has led an $11 million funding round for Trillium, a cybersecurity company focused on the autonomous vehicle industry based in Japan and the US.
VC and supercomputing: Access denied
VCs continue to shun the field of supercomputing despite new commercial upside related to the rise of artificial intelligence. Asia, however, could offer a relatively competitive launchpad for start-ups in the segment
Milltec, Indiamart file for India IPOs
Indian agricultural processing equipment maker Milltec Machinery and online marketplace Indiamart have filed for IPOs. Milltec’s private equity backer Multiples Alternative Asset Management and Indiamart investors Intel Capital, Accion International...
Temasek, RRJ to take 49% stake in HNA-owned Gategroup
Temasek Holdings and RRJ Capital have invested an unspecified amount for a significant minority stake in Gategroup, an airline catering provider owned by troubled Chinese conglomerate HNA Group.
Singapore's CashShield gets $20m Series B
Temasek Holdings and GGV Capital have led a $20 million Series B funding round for CashShield, an online fraud management services company for mid to large sized enterprises based in Singapore.
PE-backed Cushman & Wakefield prepares for US listing
A global commercial property services provider that TPG Capital and PAG Asia Capital created through the merger of Australia’s DTZ with US-based Cassidy Turley and Cushman & Wakefield, has filed for a US IPO.
Blackstone agrees $1b exit from India’s Intelenet
The Blackstone Group has agreed to sell India-based business process outsourcing (BPO) service provider Intelenet Global Services to French peer Teleperformance for $1 billion. It is the second time that Blackstone has exited the company through a trade...
Sequoia, Shunwei lead $38m round for PatSnap
PatSnap, a cloud-based intellectual property analytics and management software developer based in the UK and Singapore with more than half of its clients in China, has raised a $38 million Series D round led by Shunwei Capital and Sequoia Capital.
Blackbird leads $10m round for Australia's Propeller Aero
Blackbird Ventures has led a $10 million Series A round for Propeller Aero, a cloud-based analytics technology supplier focused on drone use in heavy civil and resources industries.
US PE firm acquires India's Shakedeal
US-based private equity firm Vora Ventures has acquired Indian B2B marketplace operator Shakedeal for an undisclosed amount.
SoftBank co-leads $20m round for Indonesia's EV Hive
SoftBank Ventures Korea (SBVK) has co-led a $20 million Series A round for EV Hive, an Indonesian co-working space operator that spun out from East Ventures last year, alongside H&CK Partners and Tigris Investment, both of which are also based in South...
Sequoia, CDH, Yunfeng back China's ZTO Freight
Sequoia Capital China, CDH Investments, and Yunfeng Capital have provided more than $100 million in Series A funding to ZTO Freight, an affiliate of US-listed Chinese delivery company ZTO Express.
Warburg Pincus launches India BPM platform
Warburg Pincus has established an India-based platform for investment globally in business process management (BPM), an area of enterprise services focused on systems modelling and technical consulting.
PEP, Landis+Gyr to acquire Australia smart meter business
Pacific Equity Partners (PEP) and Landis+Gyr, a Switzerland-based technology supplier to the electricity industry, have agreed to jointly acquire Australian smart meter company Acumen for A$267 million ($202 million).
Permira, Hillhouse agree $1.7b Magento exit
Permira and Hillhouse Capital will sell their stakes in Magento Commerce, a US company that provides transaction-processing software to e-commerce players, to Adobe as part of a $1.7 billion transaction.
Apax exits remaining GlobalLogic stake to Partners Group
Apax Partners has sold its remaining 48% interest in GlobalLogic, an IT outsourcing company founded by several Indian entrepreneurs, to Partners Group. The deal values the business at more than $2 billion.
Singapore’s Dymon joins $15m medical industry acquisition
Singapore-based Dymon Asia Private Equity (DAPE) has teamed up with domestic engineering company Tee International to acquire a medical division of industrial services provider Sembcorp Environment for S$20 million ($15 million).
GIC backs $117m Asia co-working platform
Singapore’s GIC Private has joined co-working space provider JustCo and local developer Frasers Property to establish a $117 million platform that will focus on co-working space investments across Asia Pacific.
Blackstone makes $217m partial exit from India's Mphasis
The Blackstone Group has made a partial exit from Indian IT services provider Mphasis, selling an 8% stake in the publicly traded company for approximately INR14.8 billion ($217 million).
