Technology
TDM, Sequoia lead Series F for Australia's Culture Amp
Culture Amp, an Australia-headquartered enterprise technology provider specializing in human resources (HR), has $100 million in Series F funding at a valuation of $1.5 billion.
Japan sneaker marketplace raises $56m
SoftBank Ventures Asia has led a JPY6.2 billion ($56.4 million) Series C round for Japanese sneaker marketplace and e-commerce start-up Soda.
India's Droom secures pre-IPO funding at $1.2b valuation
India-based automobile marketplace Droom has raised $200 million in the first tranche of a pre-IPO funding round that values the company at $1.2 billion.
Airwallex founders launch VC fund
The founders of Hong Kong-headquartered financial technology provider Airwallex, which has received $500 million in VC funding, have launched their own venture capital fund.
Everstone backs $1b India data center JV
Everstone Group has teamed up with data center operator Yondr Group to invest $1 billion in facilities across India, leveraging the country’s push for greater data localization.
China automotive chip maker Semidrive raises $154m
Semidrive Technology, a specialist semiconductor manufacturer for the automotive industry, has raised RMB1 billion ($154 million) in Series B funding led by Pro Capital and V Fund.
India B2C messaging start-up Gupshup raises $240m
Gupshup, an India-based messaging services provider, has received $240 million from Fidelity, Think Investments, Malabar Investments, Harbor Spring Capital, Neuberger Berman, and White Oak.
India's ShareChat raises additional $145m
Temasek Holdings, Moore Strategic Ventures, and Mirae Asset Global Investments have led a $145 million Series F round for Indian social media platform ShareChat at a valuation of $3 billion.
Accel leads Series C top-up for India's MyGlamm
Accel has led a Series C top-up for MyGlamm, an India-based direct-to-consumer (DTC) beauty products marketplace, taking the overall round to INR5.3 billion ($71.1 million).
China's Genesis targets $1.2b for Fund III
Genesis Capital, a China growth-stage technology investor established by Richard Peng, who previously led the investment program at Tencent Holdings, is seeking $1.2 billion for its third US dollar-denominated fund.
India IPOs: A pleasant surprise
The lack of a reliable IPO channel is a longstanding exit obstacle for venture capital investors in India. Domestic listings may, unexpectedly, prove to be the answer
Q&A: IPV Capital’s Alex Banh
Semiconductors are a popular investment target in China on the back of US decoupling and a push for self-sufficiency. Alex Banh, a managing partner of sector specialist IPV Capital, shares his views
China regulatory crackdown threatens PE education deals
China has imposed severe restrictions on private tutoring that appear to undermine the commercial viability of companies in the space, potentially making private equity investment unviable.
Asia Partners, Falcon Edge back Indonesia's GudangAda
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.
China autonomous driving developer CalmCar raises $150m
CalmCar, a China-based provider of self-driving solutions, has closed a $150 million Series C round led by German auto parts supplier ZF Group. The company is targeting an IPO in 2022.
Singapore's PropertyGuru set for $1.35b SPAC merger
PropertyGuru, a PE-backed Southeast Asia real estate portal, has agreed to merge with a special purpose acquisition company (SPAC) established by Peter Thiel and Richard Li, son of Hong Kong billionaire Li-ka Shing, for an enterprise valuation of $1.35...
Sequoia leads $150m Series E for AIOps player Cloudwise
Cloudwise, a Beijing-based artificial intelligence operations (AIOps) provider, has raised $150 million in Series E funding led by Sequoia Capital China.
China DNA sequencing start-up gets $116m Series C
Chinese next-generation sequencing (NGS) player Geneplus Technology has raised a RMB750 million ($116 million) Series C round led by China Construction Bank’s venture unit CCB International.
Hong Kong-based crypto exchange FTX raises $900m
FTX, a Hong Kong-headquartered cryptocurrency exchange, has raised $900 million in Series B funding at a valuation of $18 billion, up from $1.2 billion on closing the Series A last year.
Ince hits $450m first close on second China VC fund
Ince Capital, a Chinese venture capital firm established by J.P. Gan, formerly a managing partner at Qiming Venture Partners, has achieved a first close of approximately $450 million on its second fund.
India's HealthifyMe closes $75m Series C
LeapFrong Investments and Khosla Ventures have led a $75 million Series C round for HealthifyMe, a mobile health and fitness app operator with a presence in India and Southeast Asia.
Tiger Global, Avenir lead $108m round for India's Spinny
Spinny, an Indian online used car marketplace, has raised $108 million in Series D funding led by Tiger Global Management and US-based investor Avenir Growth.
Vision Fund, Prosus lead $1.25b round for India's Swiggy
SoftBank Vision Fund 2 and Prosus Ventures have led a $1.25 billion funding round for Swiggy, an India-based on-demand delivery platform.
India's Lenskart raises $220m at $2.5b valuation
Indian eyewear retailer Lenskart has raised a $220 million round led by Temasek Holdings and Falcon Edge Capital at a valuation of $2.5 million.
