Dymon Asia Private Equity (DAPE) has submitted a take-private offer for Singapore-listed digital marketing services provider Challenger Technologies that values the company at about S$195 million ($145 million).
Indian educational technology provider Byju’s has raised a INR2.14 billion ($31 million) round of funding from existing investors General Atlantic and Tencent Holdings.
East Ventures has joined a Series A investment of undisclosed size in Indonesian car sales platform operator Mobilkamu.
Up Fintech, an online brokerage firm focused on global Chinese investors that operates in Asia as Tiger Brokers, gained more than 36% in its first day of trading on NASDAQ after raising $104 million in its IPO.
Insta360, a China-based camera maker specializing in immersive imaging and virtual reality applications, has raised a $30 million funding round from a group of investors including Everest Venture Capital.
Korean car makers Hyundai Motor and Kia Motors have agreed to invest $300 million in Ola, an Indian ride-hailing platform backed by a number of PE and strategic investors.
Indian cloud-based payments platform operator Pine Labs has agreed to pay $110 million for Qwikcilver, a gift card technology provider backed by several VC and strategic investors including Accel Partners, Helion Venture Partners, Amazon, and Sistema...
Malaysian government-backed private equity firm Ekuinas has acquired a 40% stake in domestic cloud services provider Exabytes Capital Group for MYR44 million ($10.8 million).
Singapore-based digital payments service provider InstaRem has closed its Series C round with $41 million from a group of investors including Vertex Growth Fund and South Korea’s Atinum Investment.
Tookitaki, a Singaporean technology provider that helps institutions develop regulatory compliance programs, has raised a $7.5 million Series A from a group of investors including Jungle Ventures.
Vietnam’s VinaCapital has made investments of undisclosed size in two local start-ups - financial technology provider Wee Digital and marketing services player UrBox.
Yijiupi, a China-based online B2B trading platform that established itself in liquor before expanding into other consumer goods categories, has raised 100 million in an extended Series D round from Warburg Pincus.
VisVires New Protein, a Singapore-based VC firm specializing in food technology has led a $5 million round for Nutrition Innovation, a domestic start-up focused on healthier sugar production.
Hangzhou Guochen Robotic Technology, a Chinese company that manufactures intelligent service robots and incubates start-ups in this field, has raised RMB100 million ($15 million) in a Series A round led by domestic VC firm Yingshi Jijin.
Private equity firms are deploying increasing amounts of capital into Chinese internet plays without having a clear understanding of what the target businesses are worth or how to add value to them, according to Bain & Company.
Acko General Insurance, an Indian online insurance broker with several VC and strategic backers, has raised $65 million from a group of new and existing investors.
Japan-based Infinity Ventures has launched its fourth fund focused on Japan and China with a target of $120 million.
Online B2B trading platforms have the potential to bring efficiency and pricing transparency to the more fragmented segments of China’s industrial economy. It’s all about picking the right vertical at the right time
Jushuitan, a China-based software-as-a-service (SaaS) provider of operating management systems to small to medium-sized e-commerce operators, has received RMB300 million ($45 million) from Sequoia Capital China.
Lufax, a Chinese online lending and wealth management platform established by Ping An Insurance, has achieved a post-money valuation of $39.4 billion with the completion of the Series C funding round. It comes after the company was said to have postponed...
Everlife, an Asia healthcare investment platform managed by India’s Everstone Group, has made its first investment in India, committing an undisclosed amount to medical device manufacturer CPC Diagnostics.
Bertelsmann India Investments has led a $27 million Series C round for AgroStar, an Indian mobile retail platform focused on the agriculture sector.
Shunwei Capital, a VC firm established by Xiaomi founder Lei Jun, has led a RMB55 million ($8 million) Series B round for B2B apparel sourcing and wholesaling platform Yi Shou.
SoftBank plans to invest around $1.6 billion in Chinese ride-hailing app operator Didi Chuxing, marking the Japanese internet giant’s third investment in the company.