Technology
Indonesia's Bukalapak set for domestic IPO
Indonesian e-commerce platform Bukalapak – which counts GIC, and Microsoft among its investors – has unveiled plans to become the first of the country’s technology unicorns to complete a domestic IPO.
Regulator blocks China live-streaming platform merger
China’s antitrust watchdog has blocked a merger of Huya and Douyu - the country's two largest video game live-streaming platforms - initiated by Tencent Holdings.
IDG leads $77m round for China health-tech player Synyi
Synyi.AI - a Chinese provider of artificial intelligence-enabled medical services - has raised RMB500 million ($77 million) in Series E funding led by IDG Capital.
China community group buying platform Tongcheng Life goes bust
Tongcheng Life, a China-based community group buying business incubated by online travel agency Tongcheng-Elong, has announced its bankruptcy, blaming "poor management."
SOSV raises $100m growth fund
Early-stage investor SOSV – known for accelerator programs such as China-based HAX and Chinaccelerator – has raised $100 million for its first growth fund designed to invest in Series B rounds and beyond.
Kotak hits $185m first close on India pre-IPO fund
India’s Kotak Investment Advisors has achieved a first close of INR13.9 billion ($185 million) for a pre-IPO fund.
India's Pine Labs raises $315m at $3.5b valuation
Indian financial technology provider Pine Labs has raised a $315 million round featuring BlackRock at a post-money valuation of about $3.5 billion.
China O2O services player Daojia pursues US listing
Daojia, a China-based online-to-offline (O2O) home services provider that has previously received funding from KKR, Alibaba Group, and Ping An Group, has filed for an IPO in the US.
Fund focus: Hive Ventures' Taiwan AI thesis gets nod
Taiwan’s Hive Ventures managed to attract significant local support for its debut fund despite having a sparse network in its home market. Its focus on early-stage AI didn’t hurt
Deal focus: LocoNav targets gap in fleet digitization
The rapidly modernizing fleet management industry has seen surprisingly little progress in terms of driver and dispatcher services. Global VCs see a solution in India’s LocoNav
China beauty: Traffic jam
The impact of China’s internet-oriented emerging consumer brands is arguably more pronounced in beauty than anywhere else. Gaining a foothold is one challenge, keeping it is another
Temasek, Multiples lead $192m Series F for India's Licious
Temasek Holdings and Multiples Alternate Asset Management have led a $192 million Series F funding round for Licious, an India-based online retailer specializing in fresh meat and seafood.
Hong Kong NFT player adds $50m to funding round
Hong Kong’s Animoca Brands, a gaming company focused on blockchain-based non-fungible tokens (NFTs), has raised $50 million from a group including Gobi Partners and a VC unit of Samsung.
Pacific Century's insurtech business closes $180m Series A
Bolttech, a one-year-old company controlled by Pacific Century Group, has raised $180 million at a valuation of $1 billion. It is being called the largest-ever Series A round in insurance technology.
Australian rocket developer gets $45m Series C
Australian rocket developer Gilmour Space Technologies has raised a A$61 million ($45 million) Series C round featuring local investors Blackbird Ventures and Main Sequence Ventures.
China's Didi targeted by regulators within days of bumper US IPO
Didi completed the largest PE-backed IPO in the US in seven years by a Chinese company, but its stock was pegged back within days of launch after the country's internet regulator moved against the ride-hailing platform.
China's ZWC Partners raises $770m
Chinese venture capital firm ZWC Partners has closed its second US dollar-denominated fund at around $770 million, beating a target of $450 million.
India auto software provider LocoNav raises $37m
LocoNav, an Indian vehicle fleet software provider, has raised $37 million in Series B funding from a group of investors including Sequoia Capital India.
Taiwan's Hive Ventures closes debut fund at $13.5m
Taiwan’s Hive Ventures has closed its debut seed fund with $13.5 million in commitments. It will invest locally and globally with a focus on artificial intelligence (AI).
Profile: BRI Ventures' Nicko Widjaja
First at MDI Ventures and now at BRI Ventures, Nicko Widjaja has established himself as a pioneer of corporate venture capital in Indonesia. The journey has been long and sometimes bumpy
Deal focus: TR Capital doubles down on China tech
Secondaries specialist TR Capital has established a base in Shenzhen with a view to sourcing more deals in China’s red-hot technology sector. Online used car trading platform Bochewang is the latest example
China industrial robotics start-up raises $61m
Youshan Capital and China Merchants Capital have led a RMB395 million ($61 million) Series B round for Han's Robot, a China-based manufacturer of industrial robots.
Investcorp leads Series D for China healthcare SaaS player
Linkedcare, a software-as-a-service (SaaS) and supply chain provider to China's healthcare sector, has closed a Series D funding round. Including an earlier Series C extension, the company claims to have raised $100 million in the past six months.
India's Orios raises $30m top-up fund
India-based early-stage investor Orios Venture Partners has raised $30 million for a top-up fund that will mainly participate in follow-on rounds for select existing portfolio companies.