Most of India’s top software-as-a-service companies gained traction in the North American market. Darwinbox cracked Southeast Asia first, thanks to a product with broad appeal and local nuance
BRV Capital Management has led a KRW 170bn (USD 140m) Series C round for Green Labs, a Korea-based agricultural technology start-up seeking to digitalise the food production value chain.
Novotech, an Asia-based clinical trials specialist controlled by TPG Capital, has secured USD 760m in new equity and debt financing at a post-deal valuation of approximately USD 3bn.
SoftBank Vision Fund II has led a CNY 1bn (USD 157m) Series C for Shanghai-based chipmaker Eigencomm, with participation from new investors Cathay Capital, CoStone Capital, Chobe Capital, and GF Qianhe, a unit of GF Securities.
Apis Partners has invested USD 50m in Singapore-based loyalty program management and development services provider Giift.
Indian used car platform Cars24 has raised $400 million in funding – comprising $300 million in equity and $100 million in debt – at a valuation of $3.3 billion.
Indian payments start-up Razorpay has seen its valuation more than double in eight months on closing a $375 million Series F led by Lone Pine Capital, Alkeon Capital Management, and TCV.
Pacific Equity Partners (PEP) has agreed on exits from two energy infrastructure-related businesses, taking the Australia-based private equity firm to four announced liquidity events within a fortnight.
OfBusiness, an India-based B2B platform focused on industrial supply chain and procurement services, has raised $325 million in Series G funding at a valuation of $5 billion.
SoftBank Vision Fund 2 has led a $60 million Series C funding round for Juspay Technologies, an India-based financial technology start-up that specializes in digital payments.
The CrownX, a Vietnam-based consumer brands and retail business, has raised $350 million in funding from investors including TPG, Abu Dhabi Investment Authority (ADIA), and Temasek Holdings.
Spinny has followed fellow Indian automotive marketplace Droom into unicorn territory, closing a $283 million Series F round at a valuation of $1.8 billion.
With its globally competitive technology and low costs, Gaussian Robotics has become a dominant force in the cleaning robot segment. SoftBank Vision Fund is the latest addition to its cap table
Ping An Capital has led a Series D round of approximately $100 million for RainMed Medical, a China-based surgical robotics business. Other investors include Seresia Asset Management and Lighthouse Canton.
Fortitude Investment Partners, an Australia-based private equity firm established by professionals from Blue Sky Alternative Investments, has backed cosmetic medical business Aura Medical Group.
SoftBank Vision Fund 2 and 5Y Capital have led a $300 million Series C extension for Suzhou Abogen Biosciences, a Chinese vaccine developer focused on mRNA products, including one for COVID-19.
DCP Capital Partners has become the largest institutional shareholder in Datong Insurance Service, one of China’s leading insurance brokerages, after leading a RMB1.5 billion ($235 million) round.
Astroscale, a Japanese space tech start-up dedicated to cleaning up orbital debris, has raised $109 million in Series F funding from investors including London-listed Seraphim Space Investment Trust, Japan Growth Capital Investment, and Axa Life Insurance.
HESTA has acquired a A$120 million ($85 million) equity stake in Australian enterprise software and IT services provider Citadel, following its merger with medical practice software specialist Genie Solutions.
Bain Capital has led a JPY8 billion ($69 million) Series C round for Linc’well, a Japan-based software-as-a-service (SaaS) provider that caters to medical institutions.
KKR has acquired a minority interest in the K-12 schools business of Taylor’s Education Group (TEG), one of the largest private education providers in Malaysia.
Ambilight, a China-based new materials company focused on electrochromic (EC) components, has raised several hundred million dollars in Series C funding led by Warburg Pincus.
Xiaomi Industrial Investment Fund, a vehicle controlled by smart devices brand Xiaomi, has invested $70 million in Hesai Technology, a China-based developer of sensors used in autonomous driving.
Indonesia-based ride-hailing service turned super app GoTo has raised more than $1.3 billion in a first tranche of pre-IPO funding, which will be used to develop its digital ecosystem.