Growth capital
CBC, Mubadala lead $315m round for China's Hasten Biopharma
Specialist healthcare investor CBC Group and Mubadala Investment have led a USD 315m round for China-based Hasten Biopharmaceutic, with participation from other undisclosed institutional investors.
Warburg Pincus set to buy minority stake in Chinese fund house
Warburg Pincus has received regulatory approval to acquire a 23.3% stake in Zhong Ou Asset Management (Zhong Ou AMC), a Chinese mutual fund manager, from Italy's Intesa Sanpaolo Bank.
Growtheum backs Vietnam's International Dairy Products
Growtheum Capital Partners, a private equity firm established by the former head of GIC’s direct private equity investment group in Southeast Asia, has made a growth capital investment in Vietnam-based International Dairy Products (IDP).
Southern leads $31.5m round for fintech player Soft Space
Southern Capital has led a USD 31.5m funding round for Southeast Asia-focused payments technology provider Soft Space.
Deal focus: Kredivo cuts through SE Asia growth-stage gloom
Indonesian consumer credit operator Kredivo has punctuated the VC doldrums with an ecosystem-encouraging pre-IPO round. Investors point to low customer acquisition costs as key to the success
Deal focus: India’s IIFL plans hospital expansion
India’s IIFL Asset Management is taking its private equity business deeper into healthcare with Kauvery Hospitals. The plan is to double patient capacity and IPO within three years
DEG leads round for Indonesian mRNA vaccine developer
German development finance organisation DEG has contributed USD 8m as the lead investor in a new funding round for Etana Biotechnologies Indonesia, supported by Yunfeng Capital, HighLight Capital, and East Ventures.
India's IIFL invests $70m in Kauvery hospital chain
India’s IIFL Asset Management (IIFL AM) has invested USD 70m in local hospital chain Kauvery Hospitals via its private equity unit, acquiring a minority stake.
Singapore's SeaTown backs buy-and-build healthcare platform
A fund managed by SeaTown Holdings International, an affiliate of Singapore’s Temasek Holdings, has invested SGD 150m (USD 111m) in Foundation Healthcare Holdings (FHH), a newly created private healthcare platform.
China Life, Qianhai Ark back ophthalmic device maker
China Life Private Equity and Shenzhen-based Qianhai Ark have led a CNY 300m (USD 44m) Series C round for Svision Imaging, a China-based ophthalmic device manufacturer.
China chatbot developer raises funding to ride ChatGPT wave
Emotibot, a China-based chatbot developer, has raised a Series D extension of undisclosed size from GP Capital, KYMCO Capital, Jiangsu Cultural Investment, and Junci Investment.
Japan's Astroscale raises $76m Series G
Japan’s Astroscale, a start-up specialising in on-orbit space debris removal, has raised USD 76m in Series G funding featuring Mitsubishi Corporation.
Amazon leads Series D for India's FreshToHome
Amazon Smbhav Venture Fund, a USD 250m India-focused vehicle established by the US technology giant, has led a USD 104m Series D round for direct-to-consumer fresh fish and meat delivery platform FreshToHome.
China's Pudu Robotics extends Series C to $170m
Pudu Robotics, a China-based manufacturer of service robots, has closed a third tranche of Series C funding with more than USD 15m in commitments. It was led by local VC firm Puhua Capital.
Ribbit, Tiger Global, TVS commit $100m to India's PhonePe
Ribbit Capital, Tiger Global Management, and TVS Capital Funds have committed USD 100m to Indian digital payments platform PhonePe, joining an ever-lengthening investor roster.
China medical device manufacturer gets Series D backing
China-based medical device manufacturer Hygea Medical Technology has raised more than CNY 100m (USD 15m) in Series D funding led by healthcare-focused In Capital.
L Catterton makes second China pet food investment
L Catterton has made its second China pet food investment in 12 months with a commitment of undisclosed size to Partner Pet, a leading domestic player in the premium freeze-dried pet food space.
MO Alts pays $48m for stake in Indian diaper maker
Motilal Oswal Alternates (MO Alts), formerly Motilal Oswal Private Equity, has invested INR 4bn (USD 48m) in India’s Pan Healthcare, a hygiene products maker best known for diapers.
China cell therapy developer raises $75m
Iaso Biotherapeutics, a Chinese cell therapy developer focusing on oncology treatments, has raised nearly CNY 500m (USD 75m) in an extended Series C round.
GIC, PIF invest $924m in Korea's Kakao Entertainment
Singapore’s GIC and Saudi Arabia’s Public Investment Fund (PIF) have agreed to invest a combined KRW 1.15trn (USD 924m) in Korean internet giant Kakao’s entertainment division.
India agtech start-up DeHaat closes Series E on $60m
DeHaat, which claims to be India’s largest full-stack agricultural technology platform, has closed its Series E round on USD 60m. Sofina and Temasek Holdings were the lead investors.
Australia's ABGF invests $10m in local tourism player
Australia Business Growth Fund (ABGF), a partially government-backed investor that backs small to medium-sized companies, has invested AUD 15m (USD 10m) in local tourism company HMC Group.
Deal focus: KKR agrees first Australia growth tech deal
KKR has led a USD 68m Series B round for Australia’s Advanced Navigation, an autonomous systems developer for robots and vehicles used everywhere from the freeway to orbit
Investcorp leads $66m round for India dental chain
Investcorp has led a INR 5.45bn (USD 66.7m) investment in Global Dental Services (GDS), an India-based dental clinic chain that claims to be the largest business of its type in Asia and one of the top 15 globally.