B Capital
B Capital closes US-Asia healthcare fund on $500m
US and Asia-focused VC firm B Capital has closed its first dedicated sector fund, collecting USD 500m for investments in healthcare.
B Capital, Quona back India EV financing player Turno
B Capital Group and Quona Capital have led a USD 13.8m Series A round for Turno, an India-based platform that helps small and medium-sized enterprises (SMEs) switch from combustion engine-powered three-wheelers to electric vehicles (EVs).
B Capital raises $2.1bn for latest global VC funds
US and Singapore-headquartered VC firm B Capital has closed its third series of funds with USD 2.1bn in commitments. The mandate is global with a strong emphasis on Asia.
Indonesia’s Fazz raises $100m Series C
Indonesia’s Fazz, a financial services provider for Southeast Asia micro businesses, has raised a USD 100m Series C round featuring Tiger Global, DST Global, and B Capital Group.
Deal focus: Turning data into operational efficiencies
Chinese data mining start-up Prothentic has managed to turn first-time business into repeat subscription business, which led to valuation increase between funding rounds even as the wider market stagnates
B Capital, Kunlun back China process mining start-up
B Capital Group and Kunlun Capital have led a CNY 135 (USD 20m) Series A extension for China’s Prothentic Technology, a process mining specialist also known as Wangfanxin.
B Capital raises $250m for global early-stage fund
Los Angeles and Singapore-headquartered B Capital Group has closed its first dedicated early-stage fund with USD 250m in commitments. It will target the US and Asia.
China biotech: End of the boom
PE investment in China biotech has collapsed amid failed IPO processes and disputed valuations. Pockets of activity remain, though questions around commercialisation have yet to be answered
China's Insilico Medicine gets $60m Series D
Insilico Medicine, a China-based artificial intelligence (AI)-driven drug discovery company, has raised a USD 60 million Series D round.
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.
China outbound: Organic options
Tough domestic competition is encouraging Chinese tech start-ups to expand overseas – often organically, earlier in their lifecycles than before, and despite regulatory concerns
India cricket metaverse start-up raises $100m
Insight Partners has led USD 100m Series A round for FanCraze, an Indian digital assets start-up that earlier this year launched a range of cricket-themed non-fungible tokens (NFTs).
India's CredAvenue sees 3x valuation jump in six months
Indian small business credit platform CredAvenue has raised a USD 137m round featuring B Capital Group at a valuation of USD 1.3b, up 3x in the past six months.
China VC: Funding puzzles
Late-stage investors are appearing in earlier funding rounds in China, offering premium valuations but potentially leaving start-ups in situations where they have too much too soon
Indonesia coffee shop start-up achieves unicorn status
Indonesia coffee chain Kopi Kenangan has raised USD 96m in an ongoing Series C round at a valuation of at least USD 1bn. Hong Kong’s Tybourne Capital Management led the investment.
2022 preview: SaaS
Software-as-a-service continues to benefit from a digitalization push across multiple markets. Investors are looking for differentiation in a market characterized by high valuations and intense competition
B Capital, Falcon Edge join $50m round for India digital bank
B Capital Group and Falcon Edge Capital have joined a $50 million Series B round for Indian digital banking services provider Fi at a valuation of $315 million.
China investors see primary, secondary valuation mismatch - AVCJ Forum
Investors told the AVCJ China Forum they believe low valuations in the country’s secondary markets will begin to appear in the primary market. But they are positive on the long-term.
China SaaS: Path to profitability
COVID-19 has driven enterprise uptake of software-as-a-service solutions in China, but paying customers are still relatively few. Other markets offer some pointers on monetization
Indonesian e-commerce marketplace Ula raises $87m
Ula, a leading B2B e-commerce marketplace in Indonesia, has raised $87 million in a Series B round co-led by Prosus Ventures, Tencent Holdings and B Capital Group.
India's Meesho sees valuation double in five months
Indian social e-commerce start-up Meesho has raised a $570 million Series F round, doubling its valuation in less than five months to $4.9 billion.
Singapore online banking player Aspire raises $158m
Singapore-based online banking platform Aspire has raised a $158 million Series B round with support from the likes of B Capital Group.
Singapore's Ninja Van raises $578m Series E
Singapore-based last-mile delivery start-up Ninja Van has raised a $578 million Series E round featuring Alibaba Group.
Tribe, Moore Strategic lead Series C for India's Khatabook
Tribe Capital and Moore Strategic Ventures have led a $100 million Series C round for Khatabook – an India-based bookkeeping app aimed at small merchants – at a valuation of $600 million.