Technology
Dymon makes $145m take-private offer for Singapore's Challenger
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).
General Atlantic, Tencent invest $31m in India’s Byju’s
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 backs Indonesia auto platform
East Ventures has joined a Series A investment of undisclosed size in Indonesian car sales platform operator Mobilkamu.
China's Up Fintech trades up after $104m US IPO
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.
Chinese camera maker Insta360 gets $30m
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.
Hyundai, Kia invest $300m in India's PE-backed Ola
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.
India's Pine Labs acquires VC-backed Qwikcilver for $110m
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...
Malaysia's Ekuinas buys 40% stake in local cloud player
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).
VCs, strategics support $41m round for Singapore's InstaRem
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.
Singapore's Tookitaki raises $7.5m Series A
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 backs two local tech start-ups
Vietnam’s VinaCapital has made investments of undisclosed size in two local start-ups - financial technology provider Wee Digital and marketing services player UrBox.
Warburg Pincus invests $100m in China B2B platform Yijiupi
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.
Singapore’s VisVires backs domestic food tech player
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.
Chinese robotics developer secures $15m Series A
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.
Asian PE firms still struggle with tech investments - Bain & Co
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.
Investors commit $65m to Indian digital insurance player
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's Infinity Ventures targets $120m for fourth fund
Japan-based Infinity Ventures has launched its fourth fund focused on Japan and China with a target of $120 million.
China B2B trading platforms: Business friendly
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
China enterprise SaaS provider raises $45m from Sequoia
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.
China's Lufax hits $39.4b valuation with Series C round
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...
Everstone's healthcare platform makes first India investment
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 leads $27m round for India's AgroStar
Bertelsmann India Investments has led a $27 million Series C round for AgroStar, an Indian mobile retail platform focused on the agriculture sector.
Shunwei leads round for Chinese apparel platform Yi Shou
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 to invest $1.6b in China’s Didi Chuxing
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.
