Growth capital
SCPE spinout Affirma completes first deal as an independent
Affirma Capital, a PE firm launched last year as a spin-out of Standard Chartered’s private equity business, has completed its first transaction as an independent firm with a $50 million investment in Indian supplements maker Tirupati Medicare.
Kaizen commits $10m to Vietnam's Yola
Indian education-focused GP Kaizen Private Equity has made its first investment in Vietnam, committing $10 million to English training company Yola.
Deal focus: Allegro secures stake in Australia radiology business
The doctors who own and operate Perth Radiologic Clinic know Allegro Funds from their time as a subsidiary of I-Med Networks. This familiarity helped the Australian GP secure one of its largest-ever deals
Toyota invests $600m in China’s Didi
Japan’s Toyota Motor Corporation has agreed to invest $600 million in Chinese ride-hailing giant Didi Chuxing and to expand their joint venture focused on services for Didi’s drivers.
Sequoia, Lightspeed make partial exits from India’s Oyo
Sequoia Capital India and Lightspeed India Partners have made a partial exit from India-based online hospitality platform Oyo through a $2 billion round comprising primary and secondary shares. The round brings the company’s valuation to around $10...
India's Five Star raises $50m round led by TPG
TPG Capital has led a $50 million funding round for Five Star Business Finance, an Indian non-banking finance company (NBFC) focused on small and medium-sized enterprises (SMEs).
Hopu leads $100m Series D for Singapore’s Trax
Singaporean retail industry technology provider Trax has raised $100 million in Series D funding led by Hopu Investments.
Fidelity leads funding round for Malaysia's Iflix
Malaysia-based video streaming service Iflix has raised a funding round of more than $50 million led by Fidelity International.
Fund focus: A91 scouts overlooked VC opportunities
A91 Partners closes its debut fund at $351 million with a plan to explore the untapped depths of the Indian business sector. Consumer, financial services, healthcare, and technology are top of mind
Singapore’s Near gets $100m from Greater Pacific Capital
Near, a Singapore-based artificial intelligence (AI) services provider that supports enterprise analytics, has raised $100 million from UK private equity firm Greater Pacific Capital.
Deal focus: TheAsianparent plans baby business boom
Singapore mother-and-child online services provider theAsianparent is planning an expansion by tracking the fastest birth rates around the region. Fosun is backing the agenda
Ping An invests in PE-backed Chinese online education start-up
Ping An Insurance has made a strategic investment in iTutorGroup, a Chinese online education platform that previously raised four rounds of funding, the most recent at a valuation of $1.6 billion.
Fosun leads Series C for Singapore's theAsianparent
Fosun RZ Capital, the VC arm of Fosun, has led a Series C round of undisclosed size for Singapore-based theAsianparent, which claims to be Southeast Asia’s largest mother-and-child online platform.
Tiger, Sequoia lead $60m round for India's Moglix
Tiger Global Management and Sequoia Capital have led a $60 million funding round for India-based business-to-business (B2B) industrial goods marketplace Moglix.
India's Rivigo raises $65m from Warburg Pincus, SAIF
Warburg Pincus and SAIF Partners have led a $65 million Series E commitment to Indian technology-enabled logistics operator Rivigo.
QIA leads $150m round for India’s Byju’s
Indian educational technology developer Byju’s has raised $150 million in a funding round led by Qatar Investment Authority, the sovereign wealth fund of Qatar.
India's A91 closes debut fund at $351m
A91 Partners, an Indian venture capital firm founded by three former managing directors at Sequoia Capital, has closed its debut fund at $351 million.
Mitsubishi expands commitment to Go-Jek's Series F
Indonesia-based ride-hailing and online services platform Go-Jek has received a fresh investment of undisclosed size from Mitsubishi Corporation - as well as two other units of the Japanese conglomerate - as part of its ongoing Series F round.
Tencent leads $36m round for Chinese healthcare AI start-up
Synyi, a Chinese artificial intelligence (AI) start-up that targets hospitals, has taken its total fundraising to RMB550 million ($80 million) following a RMB250 million Series C led by Tencent Holdings and featuring Sinopharm Capital.
IFC, Corisol lead $70m Series D for India's 1mg
The International Finance Corporation (IFC) and Switzerland-based family office Corisol Holdings have led a $70 million Series D round for Indian online healthcare services platform operator 1mg Technologies.
Temasek invests $300m in Li & Fung's logistics unit
Temasek Holdings has invested $300 million in Li & Fung’s logistics operation after the Hong Kong-based multinational abandoned plans to spin-out the asset through an IPO.
Invesco commits $300m to Southeast Asia's Grab
Southeast Asian ride hailing and online-to-offline (O2O) services platform Grab has received a $300 million commitment from global investment manager Invesco as part of its ongoing $6.5 billion Series H round.
India secondaries: Mixed signals
India has skirted around an expected boom in secondaries activity for the past couple of years, but investors haven’t lost faith in the narrative’s eventual unfolding. The devil will be in the details
China GPs join Singapore's Novena for $150m healthcare fund
China-based GPs Sinopharm Capital and Cedarlake Capital have announced a $20 million investment in Singapore-based healthcare platform Novena Global Lifecare, along with a strategic partnership for a $150 million fund that will support Southeast Asian...