Technology
Q&A: Jungle Ventures' Amit Anand
Singapore’s Jungle Ventures has closed its fourth early-stage tech fund on USD 600m, shattering an initial target of USD 350m. Amit Anand, a founding partner at the firm, unpacks the achievement
Deal focus: Hike supports Song Yao's second act
Orienspace, a Chinese rocket developer founded by the entrepreneur behind DeePhi Technology, has secured USD 60m in funding from Hike Capital and others to accelerate its launch schedule
Cathay achieves $241m first close on renminbi fund
Cathay Capital Private Equity has reached a first close of CNY 1.6bn (USD 241m) on its second renminbi-denominated growth fund.
Vision Fund, GGV back China blockchain infrastructure player
China-based blockchain infrastructure developer InfStones has received USD 66m in funding led by SoftBank Vision Fund 2 and GGV Capital. Ince Capital, 10T Fund, SNZ Holding, and A&T Capital also participated.
Indonesia crypto player Pintu gets $113m Series B
Indonesia crypto wallet and trading platform Pintu has raised a USD 113m Series B round from Intudo Ventures, Lightspeed Venture Partners, Northstar Group, and sector specialist Pantera Capital.
Indonesia social commerce player Super raises $70m
NEA has led a USD 70m Series C round for Super, an Indonesia-based social commerce platform that targets the country’s lower-tier cities and rural areas.
Alpha Wave leads $57m round for India's Cuemath
Alpha Wave Global, formerly Falcon Edge Capital, has led a USD 57m investment in Indian one-on-one online math tutoring platform Cuemath.
India's Gupshup acquires VC-backed OneDirect
India-based B2C messaging services provider Gupshup has acquired OneDirect, a local customer service platform that previously received several rounds of funding from Sequoia Capital India.
Indonesia grocery delivery player Astro raises $60m
Indonesia-based on-demand grocery delivery platform Astro has secured USD 60m in Series B funding led by Accel Partners, Citius, and Tiger Global Management.
Creador, InvAscent invest $68m in India medical supplier
Malaysia-based Creador and Indian healthcare specialist InvAscent have invested a combined USD 68m in Indian medical equipment supplier Accumax Lab Devices.
Deal focus: Bud puts content creators first
GGV Capital first backed Bud before the founders had a market-ready product. Now the company has closed a Series B round and is looking to take its user-generated content tools into more markets
China chip developer Hongjun raises $120m
Chinese chip developer Hongjun Microelectronics has raised CNY 800m (USD 120m) in angel and pre-Series A rounds led by Walden International, GL Ventures, and CDH Venture and Growth Capital.
Navis backs Australasia software aggregation platform
Navis Capital Partners has invested in Software Combined, an Australia and New Zealand-based aggregator of software providers that cater to specific niches or B2B verticals.
Fund focus: Eurazeo has SE Asia insurance tech covered
France-based Eurazeo has set up a USD 200m Southeast Asia VC fund dedicated to insurance technology with an unnamed global insurance company as the lone LP
Deal focus: WeRide confirms its ascendency
Chinese autonomous driving pioneer WeRide has climbed from near bankruptcy to a USD 4.4bn valuation within three years. A collaboration with Bosch could form a blueprint for other alliances
Japan VC: Late-stage crossroads
Japan’s late-stage technology start-ups are finally beginning to attract meaningful attention from global investors. They should not pop open the champagne
Deal focus: Venturi brings families into D2C
Consumer-focused private equity firm Venturi Partners drew on significant family office co-investment to co-lead a USD 108m Series D for India direct-to-consumer food specialist Country Delight
New Zealand's GD1 backs tech fund, incubator
GD1 has confirmed it is the lead investor in a new fund and incubation program from fellow New Zealand VC firm Phase One Ventures. The goal is to produce 10 tech unicorns by 2026.
Battery Ventures bids $471m for Australia SaaS player Infomedia
Battery Ventures is offering to buy Infomedia, a listed Australia software-as-a-service (SaaS) platform for the automotive industry, at a valuation of AUD 658m (USD 471m).
Japan's T Capital buys Fujitsu semiconductor memory assets
Japanese mid-market buyout firm T Capital Partners has agreed to carve out Fujitsu’s semiconductor memory chip business for an undisclosed sum.
China energy storage start-up gets $48m pre-Series A
Zhongchu Guoneng Technology (ZGT), a China-based energy storage company, has raised CNY 320m (USD 48m) in pre-Series A funding led by Tsinghua Holdings Capital.
Korea autonomous driving tech supplier raises $25.5m
Korea’s Autocrypt, a connected mobility technology supplier targeting the autonomous driving sector, has raised a USD 25.5m Series B round featuring STIC Ventures and Hyundai Venture Investment.
Bosch invests in China's WeRide
China-based autonomous driving technology developer WeRide has received a strategic investment from German engineering multinational Bosch.
GIC leads $80m round for Indonesia's Bibit
GIC has led an USD 80m funding round for Bibit, operator of one of Indonesia’s largest robo-advisory investment apps. Prosus Ventures and other existing investors also took part.