COVID-19 crippled demand for restaurant service robots, so China’s Keenon Robotics pivoted towards hospitals. It has $200 million in Series D funding to target new application scenarios
Deeproute.ai has risen from the ashes of China-based autonomous driving specialist Roadstar.ai, backed by some of the same investors. Now Alibaba Group has given the company its endorsement
DeltaHealth, a China-based cardiovascular care chain established by Eight Roads, has raised $100 million in funding led by Hong Kong-listed conglomerate Swire Pacific.
XTransfer, a China-based cross-border payment services provider, has raised $138 million in Series D funding led by US-based D1 Capital Partners. Existing investors also took part in the round.
India-based online jobs platform Apna has closed a $100 million funding Series C round at a valuation of $1.1 billion, achieving unicorn status just 21 months after launching its flagship product.
Mobile Premier League (MPL) has joined rival Indian mobile gaming platform Dream Sports in the unicorn club on closing a Series E round of funding at a valuation of $2.3 billion.
Japan-based news app SmartNews has achieved a valuation of $2 billion on closing a $230 million Series F round featuring US-based Princeville Capital and Woodline Partners as well as several local investors.
Alibaba Group has led a $300 million Series B round for DeepRoute.ai, a Chinese autonomous driving technology developer currently running a robotaxi program in downtown Shenzhen.
China-based electronic signature service provider eSign has raised RMB1.2 billion ($186 million) in Series E funding led by IDG Capital, Sequoia Capital China, and Hidden Hill Capital, an investment arm of logistics platform and fund manager GLP.
Caocao Chuxing, the ride-hailing arm of Chinese automaker Geely, has raised a RMB3.8 billion ($588 million) Series B round from five state-backed investors.
Baring Private Equity Asia has invested $150 million in Singapore-based game developer Virtuos, becoming the largest external shareholder.
An introduction from SoftBank Ventures Asia prompted Vision Fund 2 to lead a $400 million Series C for Nigeria-based Opay, creating Africa’s newest technology unicorn in the process
Malaysia-headquartered used car trading platform Carsome has achieved a valuation of $1.3 billion with the close of an extended Series D funding round worth $170 million.
Affirma Capital has contributed INR3 billion ($40.8 million) to a INR3.5 billion funding round for India’s Belstar Microfinance, supported by existing investors Muthoot Finance and Maj Invest.
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.
ChrysCapital and True North Managers have participated in a $150 million investment for a minority stake in Quest Global, an Indian engineering services outsourcing company.
Kuaikan, China’s largest publishing platform for comics, has raised $240 million from CCB International, Korean mobile app marketplace One Store, Tencent Holdings, Coatue Management, and Tiantu Capital.
Software-as-a-service (SaaS) provider Postman has closed a $225 million Series D round at a valuation of $5.6 billion, making it the most valuable start-up of its kind in India.
Mekong Capital has invested $10.2 million in Rever, a leading online-to-offline real estate brokerage business in Vietnam.
Affirma Capital has secured a third deal for its latest Korea fund, with an agreement to invest $100 million in Metanet T Platform, a local cloud managed service provider (MSP).
Affinity Equity Partners has taken a joint controlling stake alongside management in Singapore-based technology-enabled financial services provider M-Daq, following an investment of approximately S$200 million ($148 million).
SoftBank Vision Fund is taking a “wait and see” approach to China, holding back on new investments in the country until the full ramifications of regulatory action in the technology sector are known.
SoftBank Vision Fund 2 has continued its recent streak of investing in unicorns out of India by leading a $100 million Series E round for sales enablement platform MindTickle at a valuation of $1.2 billion.
Indian payments player BharatPe has raised $370 million in Series E funding led by Tiger Global Management. The $2.85 valuation means the company joins the country’s fast-growing collection of tech unicorns.