LeapFrog Investments has invested USD 50m in Singapore’s Bolttech, the insurance technology business of Pacific Century Group.
Southeast Asia-focused Growtheum Capital Partners has announced its second dairy deal in five months, with an investment in Indonesia-based ABC Kogen Dairy, commonly known as Kin Dairy.
Chinese aftermarket car parts supplier Casstime has raised CNY 200m (USD 27.5m) across two tranches of Series D funding from local investors.
Kedaara Capital has acquired a significant minority stake in India-based education technology business K12 Techno Services, facilitating a partial exit for Peak XV Partners (formerly Sequoia Capital India).
KKR has agreed to re-up in India’s Reliance Retail, committing another INR 20.6bn (USD 250m) on top of the INR 55bn it put into the neighbourhood store-to-supermarket operator three years ago.
IFM Investors has committed approximately NZD 50m (USD 29m) to New Zealand-based energy sector software provider Tally Group alongside existing investors SilverTree Equity and Pioneer Capital.
GTA Semiconductor, a China-based semiconductor foundry specialising in chips for the automotive industry, has raised CNY 13.5bn (USD 1.85bn) in funding from unnamed investors.
Hozon Auto, a Chinese electric vehicle (EV) manufacturer, has raised CNY 7bn (USD 961m) in crossover or pre-IPO funding from unnamed investors.
Korea Credit Data (KCD), the operator of a super app aimed at small and medium-sized enterprises (SMEs), has raised KRW 100bn (USD 75.7m) at a valuation of KRW 1.3trn (USD 1bn).
KKR has made its first tech growth investment in Korea with Musinsa, an online marketplace for a carefully curated selection of streetwear brands with export potential
IFM Investors has committed AUD 50m (USD 32m) to Smart Urban Properties Australia (SUPA), which claims to be the country’s first unified services provider of utilities and communications infrastructure.
Neurophth Biotechnology, a China-based gene therapy developer specialising in ocular diseases, has raised nearly CNY 700m (USD 97m) in an extended Series C round.
With investment all but evaporated and its champion in a tailspin of bad press, India’s massive online K-12 education space is in an awkward limbo. It’s a welcome correction though
Bluestone Equity Partners, a US private equity firm specialising in sports and media, has made an investment of undisclosed size in Australia’s PMY Group, an IT provider for stadiums and arenas.
Korea Investment Private Equity, KDB Investment–Hana Securities, and KB Asset Management have led an investment of approximately USD 150m in HyAxiom, a fuel cell manufacturer controlled by South Korean conglomerate Doosan Group.
KKR has led a USD 190m Series C round for Korean online fashion platform Musinsa with support from Wellington Management.
Quadria Capital has invested USD 155m in Maxivision Eye Hospital, a chain of 42 eye hospitals and vision clinics across five states in southern and western India.
Government and state-owned investors accounted for most, but not all, of Xiamen Hithium Energy Storage Technology’s USD 622m Series C, underlining where China’s strategic priorities lie
IMM Investment and Premier Partners are the largest participants in a KRW 400bn (USD 302.7m) funding round for EcoPro Innovation, a battery materials business of KOSDAQ-listed EcoPro.
Indian pet food producer Drools is the runaway leader among local brands, trailing only multinational mainstay Mars. The challenge for L Catterton was persuading a profitable company to take its money
Ruqi Mobility, a ride-hailing platform incubated by Chinese state-backed automaker GAC Group, has raised CNY 842m (USD 117m) in a Series B funding round led by Guangzhou Automobile Industry Group.
L Catterton’s interest in Asia-based pet food businesses has extended from China to India with a commitment of approximately USD 60m to Drools Pet Food, which claims to be the country’s leading local pet food supplier.
Singapore-based private equity firm Hildrics Capital has acquired an 8.2% stake in Malaysia-listed GIIB Rubber, a supplier of gloves and industrial rubber-based components.
Home appliances manufacturer Atomberg defied the naysayers in building a hardware-focused consumer brand out of India. Its USD 86m Series C will support product and capacity expansion